The Birmingham age-herald., 1903-08-14
SESSION
 WILL BE CALLED Senate Finance Committee With
 the President ELASTIC CURRENCY SYSTEM
Cuban Reciprocity Treaty Will Also Bs Put In peration-session Will Probably Begin in October
 instead of November.

Oyster Bay, L. l., August 13.-Presldent Roosevelts conference with the members of the senate finance committee was not concluded until the small hours of this morning. The whole subject of financial legislation at the approaching session of congress was discussed thoroughly.
 The committee did not present even a tentative draft of a currency bill to the President, although some propositions which. subsequently,, may be embodied in the measure. were reduced to concrete form. No definite conclusions as td the shape of the proposed legislation were reached. The conference related rather to methods of procedure in the work at hand, than to the form of the legislation. At 7:30 o'clock this morning, the members of the committee left sagamore Hill for Senator Aldriehs home in Rhode Island.
 Extra Sesscr Is Assured.
 One fact of distinct importance was de- veloped at the conference. While an ex- traordnary session of congress next fall is assured 1t has not been determined defi- nitely whether 1t will be called to meet in October or November. It has been sup posed that the extraordinary session would convene Monday. November 9, but the indications now are that 1t will bt called perhaps several weeks earlier.
 The primary purpose of the extraordina ry session will be to enact Legislation making oncratlve the Cuban reciprocity treaty, but financial legislation also will be pressed upon the attention of congress soon after it convenes.
 It can be said that the Senate finance committee will draft no measure formally and conclusively until consultations have been held with other members of the senate-democrats as well as republicans; with members of the house, and with the best authorities on finance In the country It is the desire of the committee to bo constantly in touch with the President with other senators, with members of the house, with bankers Of the west as well as those of the east, and with the country bankers, as we'll as city bankers. so that some plan of legislation may be formed by the opening of the extraordinary ses- sion of congress
 Ar Elastic Currency System.
 It is the hope of the committee to de- wise genuinely elastic currency sys- tem-a system that will expand when the necessity shall arise. and contract when the necessity shall have ceased to exist.
 Senator Aldrich. when asked with ref erence to the visit, said:
 We talked with the President about financial conditions and the need of Iegis- lative changes. No bill has been drafted or agreed on and none will be until after the fullest consultation with our demo- cratic associates of the subcommittee and all the members of the finance com mlttee It is, however, our purpose to have bill In readiness for presentation to the senate at the beginning of the ex- tra session, If one shall be called in Oe- tober or November. We are hopeful that a bill can be agreed upon and reported that will receive the approval of both houses of congress and afford prompt and efficient relief to the business interests of the whole country"
 Cuban Reciprocity Serious.
 It was learned tonight that serious consideration was given to legislation to be proposed to congress in approval of the Cuban reciprocity treaty by the members of the senate finance commit tee which spent last night at sagamore HILL The treaty was ratified by the senate last spring.
 Three of the senators, Patt Aldrich and Spooner who were present at last nights conference, are members of the senate committee on relations with Cuba. All or tnein' partlcularly MT. Platt who has made profound study of the situ- ation in Cuba, regard the legislation Al very urgent. President Roosevelt enter- tains the same views. 1t is understood that the suggestion of an extraordinary session of congress at date earlier than November was made by these senators because of the urgency of the Cuban legislation. It was pointed out. too that If congress were convened at an early date the entire work of the ex. traordinary and regular session could be cleared by the time the national con- ventions are to be held next year. On many a@counts that is regarded as desr- able ana 1t would be a great convenience not only 10 the president but also 10 members of both the senate and the house.