The Providence news. (Providence [R.I.]) 1891-1906, 1903-08-13
ADJOURNED TO
OYSTER BAY
Sub-FIGanCa Committee Left
Warwick Neck Yesterday.
TO CONFER WITH PRESIDENT
Bill Said to De Not Fully GRATED but Is n
Ship, to Obtain the Presidents
Views.
TO CONFER WITH PRESIDENT

~ nIee OF the IouT members OF the sem
ate sub committee on finance started
from he home OF Senator Nelson W. AL
drich for New York yesterday. They
came mp To the city in a Suburban car.
which reached here before noon and SEN
ator Aldrich and his secretary went TO
the Narragansett hotel. while Senator
Spooner and Senator Allison went direct
TO the Union station. Senator Aldrich
stayed but few minutes at the hotel
and found his colleagues at the station
In time to board the II o'clock train for
New York
Although an attempt was made to se-
cure an Interview none OF the party
would talk on the progress made on the
plans Of the party for the trip II WAS
learned that they had oyster Bay as
their final destination
They were also approached at New
York on their arrival In that city, but
would not make any statements regard
ing the conference.
AT SYCAMORE HILL.
Oyster Bay, n. Y. Aug. l3.-A most
important conference between President
Roosevelt and the subcommittee on fin
ance composed OF Senators Spooner OF
Wisconsin. Senator Allison OF Iowa. Sem
ator Platt OF Connecticut and senator
Aldrich OF Rhode Island, was held .ast
night at Sycamore Hin. The sub-conn-
mittee was appointed prior TO the adj
Journment OF the last congress to investl-
gate the financial condition OF the coun-
try at large and 10 frame In accord
ance with their findings. a measure TO be
introduced In the next senate for the
relief Of the situation.
The members Of the committee, both
as individuals and collectively have been
al work on the matter the greater part
OF the summer. and are ready now 10 nut
the result OF their labors in the concrete
form OF a bill. They want however. to
make the measure I'm every sense of the
word an administrative measure. and
they are, accordingly. at Sycamore Hpl
tonight to get the presidents definite
views on the proposition which they pro-
pose TO submit
The distinguished party got here ~
$50 o'clock this afternoon on the stear,
yacht Virginia, which had been loaned
10 the senators for the trip BY son OF
eN-Governor r. r. Flower They came
from Warwick. Senator Aldrlchs sum-
mer home. where a conference over the
proposed legislation had been going on
for several days.
AN ADMINISTRATION MEASURE.
. Ihey were met at the pier by carriages
from Sycamore Hill and driven directly
10 the presidents home The conference
began Immediately after dinner and was
sun In progress at q late hour last night
Nothing definite abont the details OF the
conference could be obtained for publi-
cation.
Senator Spooner said before going 10
Sycamore Hill that the party had come
70 tax oyer many important matters
with Mr.. Roosevelt. He said he did not
care TO say anything at present about
financial legislation.
FROM another source. however. il was
yet been fully RATED but the measures
which the subcommittee wants to en-
BODY In II have been put I'm such concrete
-orm that the president can pass on them
news II can he said. will have pre-
measure
=, II Is proposed to make it strictly an ad-
ilso VIII be made. ii is said TO have a bill
irawn that will receive the undivided
support OF the Republican party. 40 that
trem hren,hn II ;,, n introduces II may be sent
The president has already announced
nat ne most earnestly desires that the
'ill be ready for introduction I'm the spe-
'ial session Of congress which will CON
'ene on Nov. 2. and the members of the
also. IL was said last night
ire All IN favor OF bringing the mea sure
~ AT that time and assigning TO II
'lace OF importance on the calendar sec-
ND only ~ at all. 10 the Cuban reciproc-
" matters.
Before the extraordinary session con-
,enes the sub-committee draft OF the pro-
,osed measure will be laid before the fun
republican membership OF the senate
committee on finance.
AN ELASTIC CURRENCY.
The conference tonight. II can be said
Is proceeding along the lines laid down
~ the president In his speeches. I'm which
Mr. Roosevelt advocates as was an
bounced In a formal authorized state
nent recently, general financial legIsla-
ion looking toward a more elastic cur
'ency system and one which will be less
than the present system 10 |
he fluctuations ~ values and other dis
urbing factors
The president. however. 4 was said to-
hight. has no personal plan for reform
ng the currency condition but y depend
nE largely on tho suggestions which the
members of the subcommittee are put
ng before him as \ result ~ the study
md Investigations 10 have a practical
measure framed
An effort IL made 10 find out what the
ub. comm ttee thought Of Representative
-annon's reported threat 10 use his in
luence as speaker OF the next house to
,lock any financial measures looking to-
ward a change I'm the present currency
ystem. which may be introduced in the
oming extra session.
None n the members OF the sub-coro-
nlttee would express his opinion I'm re-
ard 10 the matter but n IL understood
hat all the proposed measure rui ho