Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1903-10-15
WASHINGTON LETTER.
From our Regular Correspondent)
Washington, Oct. u, 1908


will be no currency legislation un-
til after the presidential election.
Representative Hill, of Connecti-
cut ranking, member of the last
House committee on banking and
currency, says that many republi-
cans are discussing plan of sub
mitting the question of financial
Legislation to joint committee
which will investigate the need of
currency reforms and make recon-
mendations to Congress. The
Committee will either be named
by Congress or appointed by the
President from members of both
houses. 1t is believed that Con-
gress would pay little heed to a
committee composed of outsiders.
While it is not certain that Con-
gress would accept the recon-
mendations of the committee, it's
appointment is regarded as wise
move for several reasons. 1t
would give the republican factions
an opportunity to argue their diff
ferences outside of the House, it
might find measure upon which
they could agree, and it would
postpone any legislation on this
difficult subject until after the
presidential election. The party
could thus go before the country
without showing any lack of har-
mony. Secretary Shaw, Senator
Aldrich and Representative Fowler
all have different plans for
currency reform. Speaker Cannon
is not certain that any is needed,
and the National Bankers AS
sociation has recently appointed a
committee to solve the problem.
1t is thought that these different
interests should not be allowed to
conflict in session preceding a
presidential campaign. 1t is for
the same reason that even those
republicans who favor it have
decided to postpone tariff revision.
In the meantime Secretary Shaw
is doing all he can to relieve any
money stringency. Since Septem-
ber 1st he has placed in circulation
a total of $22, ,274, 800. He has
done this by increasing thegovern-
ment deposits in the national banks
and by the refunding and redemp-
ton operations now in progress.
1t is hoped that the Secretary can
prevent money stringency and
thus remove all danger to the busi-
ness world from the postponement
of currency legislation.
From recent political gossip the
following is interesting as showing
the sentiment Of some of the people
of the South against President
Roosevelt. Mayor Smyth of
Charleston said in an interview,
"The south has no candidates. 1t
isanybody to bear Roosevelt, who is
most cordially disliked on account
of his attitude on the race question.
Formerly he was popular with us.
When he was in Charleston during
the exposition he promised me, in
the presence of two other gentle
men, that no colored man would
be appointed to Office in our state.
He had hardly returned to Wash
ington before he did the very thing
he promised he would not do"
Even if he named his two witnesses
Mayor Smyth will have great diff
Guilty in convincing anyone that
President Roosevelt ever made him
such promise.
Last Thursday the President has
as guest at luncheon, Attorney
Folk who has become famous
through his relentless prosecution
of the st. Louis boodlers. Plans
were discussed for adding bribery
to the list OF crimes mentioned in
the extradition treaties with for
eign countries. Mr.. Folk is deep
ly interested in such q measure as
several of the men whom he had
indicted have taken refuge in Can