The Montgomery advertiser., 1903-08-22
FINANCIAL LEGISLATION.
Not Likely to Be Any by This Con-
 gress.

gress
 Chicago Special to Washington Post.
 Representative Cannon, who was here to-day, said that he would not try to preside as the next Speaker. one way or the other. He said: h.
 Recently the Washington correspond ent of A New York newspaper had a revelation. He had printed a story that would kill any currency bill which might be introduced. Under the consti- tuition. a majority of the lower House of Congress is clothed with the power to determine what kind of q bill shall be passed, and I presume this constitutional majority will exercise it's constitutional power in this case.
 Refuses to Make Guess.
 "Personally, I do~not care even to make guess as to what this majority will do. I certainly have no intention of trying to influence it one way or the other. not even to the extent of letting the matter in the least influence my appointment of committees.
 Some time ago I remarked that under the present law, the national banks were making a profit of at least per cent. on circulation, and there seemed to be plenty of money in the country for bus iness needs. So far as can see, that condition still exists If. however. a ma jorfty of the members of the lower House are convinced that a currency law is needed. they will undoubtedly pass one, as is their privilege and duty"
 Senator Allison. of Iowa. and Mir. Can non held conference at the Auditorium Annex. but neither would discuss the meeting.
 ''I saw Senator Allison" said MT. Can non. "but there is nothing I can say about Our meeting. ] am on my way to Nebraska"
 Senator Allison remained but a short time in Chicago. and as he did not see any other politician during his visit. it is surmsed that he came especially for the conference with Congressman Can non.
 MT. Cannon left for the West at 6 o'clock this evening.
 Leaders are Not Agreed.
 There is little probability that any kind of financial legislation will he enacted either during the extra session of Con- gress. which is to meet in October or November, or during the regular session. which will begin on the first Monday in December.
 Direct information from Oyster Bay is to the effect that all attempts to reach an agreement as to the character of leg islation to be proposed nave failed. The attempt to reach such an agreement has not yet been abandoned. but there is lit- tie prospect that it will be successful. The President is desirous that there should be a practical understanding among the Republican leaders in both Houses of Congress as to the proposed legislation. He realizes that unless there is some such agreement nothing can be done. The differences of opinion between the Senate Committee dominated by Sen ator Aldrich, on the one hand. and the Republican members of the House of Representatives. on the other hand, with MT. Cannon occupying a position of in- dependence and of opposition to some of the schemes of both sides. make the task of reaching an agreement exceedingly difficult.
 Though it is generally regarded as de- sirabIe that the Secretary of the Treas ury should have authority to deposit cus- toms receipts as well as internal revenue. in the depository banks. there is great difference of opinion as to the terms on which such deposits should be made
 Opposition to Both Plans.
 Senator Aldrich still advocates the prlnciple%of his bill of last year, which