Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-08-13
EARLY EXTRA SESSION
To Enact Important Legisla-
tion This Fall.
FIN NANCIAL BILL UP
DISCUSSED BY PRESIDENT AND
SUBCOMMITTEE.
No Draft Has Yet Been Made, but Its
General Features Out
lined.

OYSTER BAY, N. Y, August 13.-Presi-
dent Roosevelt's conference with the MEM
bers of the subcommittee of the Senate
finance committee was not concluded until
the small hours of this morning. The whole
subject of financial legislation at the ap-
preaching session of Congress was dis
Cussed thoroughly.
The committee, consisting of Senators
Aldrich chairman; Platt Comm, Allison
and Spooner, did not present even tenta-
tive draft of a currency bill to the Presi-
dent although some propositions which,
subsequently. may be embodied in the meas
ure were reduced to concrete form.
No definite conclusions as to 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:;}0 o'clock this
morning the members of the committee left
Sycamore Hill, boarded their yacht, the
Vergena and sailed for Providence on their
return to Senator Aldrich's home.
Early Extra Session.
One fact of distinct Importance was de-
veloped at the conference. While an ex-
traordinary session of Congress next fall
is assured, it has not been determined
definitely whether it will be called to meet
in October or in November. 1t has been
supposed that the extraordinary session
would convene on Monday, November y,
but the indications now are that 1t will be
called for an earlier date, perhaps several
weeES earlier.
The primary purpose of the extraordinary
session will be to enact legislation making
operative the Cuban reciprocity treaty, but
financial legislation also will be pressed
upon the attention of Congress soon after
ii ConveneS.
1t 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 Sem
ate-democrats as we'll as republicans
with members of the House and with the
best authorities on finance in the country
1t is the desire of the committees to be
constantly in touch with the President ,
with other senator's, with members of the
House. with bankers of the west as well
as those of the east, and with country
bankers as well city bankers, so that
some plan of legislation may be formulated
by the opening of the extraordinary ses-
sion of Congress
1t is the hope of the committee to de-
wise a genuinely elastic currency system
a system that will expand when the neces-
sity arises. and contract when the necessity
shall have ceased to exist.
Interview With Aldrich.
Senator Aldrich, when asked by an AS
soeiated Press reporter with reference to
the visit of the senators to the President,
said:
The republican members of the subcom-
mittee of the Senate finance committee who
recently met for an informal conference at
Warwick. r. L., talked with the President
about financial conditions and the need OF
legislative change.
No bill has been drafted or agreed upon
and none will be until after the fullest
consultation with our democratic associates
of the subcommittee and all the members
of the finance committee. 1t is, however
our purpose to have a bill in readiness for
presentation to the Senate at the beg H.
ming OF the extra session, if one is called in
October or November. We are hopeful thal
a bill can be agreed upon and reported that
will receive the approval of both houses Of
Congress and afford prompt and efficient
country.