Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1903-08-15
PRESIDENT TO CALL EXTRA SES.
SION OF CONGRESS EARLIER
THAN SUPPOSED.
FINANCIAL LEGISLATION NECESSARY
SENATE SUBCOMMITTEE HOLDS A
LONG CONFERENCE WITH
CHIEF EXECUTIVE.

Oyster Bay, N. Y, Aug. 14-Presi
dent Roosevelt's conference with the
members of the subcommittee of the
senate finance committee was not con
cluded until the small hours of the
morning. The whole subject of finan
cial legislation at the approaching
session of congress was discussed
thoroughly.
The committee, consisting Of Sena
tors Aldrich, chairman; Platt (Conn.
Allison and Spooner, did not present
even tentative draft of a currency
bill to the president, although some
propositions which, subsequently, may
be embodied in the measure were re-
duced to concrete form. No definite
conclusions as to the shape of the pro
posed legislation were reached. The
conference related rather to methods
OF procedure in the work at hand than
to the form of the legislation.
One fact of distinct Importance was
developed at the conference. While
an extraordinary session of congress
next fall is assured it has not been de-
termined definitely whether it will be
called to meet in October or in No
Vember. 1t has been supposed that
the extraordinary session would con-
Yene on Monday, Nov. 8, but the indi-
cations now are that it will be called
for an earlier date, perhaps several
weeks earlier.
The primary purpose of the extra
ordinary session will be to enact legis-
lation making operative the Cuban
reciprocity treaty, but financial legis-
lation also will be pressed upon the
attention of congress soon after it
colvenes.
Further Consultations Planned.
1t can be said that the senate finance
committee will draft no measure for
mally and eonclusively until consalta-.
tions have been held with other mem
bers OF the senate-Democrats as well
as Republicans with members of the
house an, with the best authorities on
finance in the country. 1t is the desire
of the committee to be constantly in
touch with the president, with otaer
senators, with members of the house,
with bankers of the West as we'll as
those of the East and with country
bankers as well as city bankers, so
that some plan of legislation may be
formed by the opening of the extraor-
binary session OF congress.
1t is the hope of the committee to
devise a genuinely elastic currency
system-a system that will expand
when the necessity shall arise and con-
tract when the necessity shall have
ceased to exist. Senator Aldr1ch, when
asked by the Associated Press reporter
with reference to the visit of the SEN
ators to the president, said:
"The Republican members of the
subcommittee of the senate finance
committee, who recently met for an
informal conference at Warwick, r. l.,
talked with the president about f1nan-
cial conditions and the need of legis-
lative changes. No bill has been draft
ed or agreed on and none will be until
after the fullest consultation with our
Democratic associates of the subcom-
mittee and all the members of the
finance committee. 1t is, however,
our purpose to have bill in readiness
for presentation to the senate at the
beginning of the extra session, If one
shall be called in October or Novem-
ber. We are hopeful that bill can be
agreed upon and reported that will re-
ceive the approval Of both houses of
congress and afford prompt and eff
cient relief to the business interests
of the whole country"