The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-13
Members of the Senate Subcommit-
tee on Finance Visit the
President.
They Discuss Plan Of Campaign in
Behalf of New Financial
Legislation.
Extra Session of Congress May Be
Called in October Instead
Of November.

OYSTER Bay, N. Y, Aug. 13.-President
Roosevelt's conference with the members
of the subcommittee Of the senate finance
committee was not concluded until the
small hours of this morning. Inc whole
subject Of the financial legislation at the
approaching session Of congress was dis
cussed thorOly.
The committee consisting Of Senators
Aldrich, chairman: Platt Conn y; Alilson
and Spooner did not present even ten
tative draft Of a currency bill to the
president, altho some propositions which,
subsequently, may be embodied IN the
measure were reduced to concrete form.
The conference related rather to methods
Of procedure In the work at hand than 10
the form Of the legislation. .... '.s
At 1880 o'clock this morning the mem
bers of the committee left Sycamore Hill.
boarded the Virgin and sailed Tor
Providence on their return trip to Senator
Aldrich's home. ...
One fact Of importance was developed at
the conference. While an extraordinary
session Of congress next fall Is assured,
It has not been determined definitely
whether It will be called to meet In Oc-
tober or November. It has been supposed
that the extraordinary session would con-
vene on Monday, Nov. 9. but the 1nd1ca-
lions now are that 1t will be called for an
earlier date, perhaps several weeks
earlier.
The primary purpose Of the extraor-
binary session will be to enact legislation
making operative the Cuban RECIPROCITY
treaty but financial legislation also Will
be pressed upon the attention OF con-
gress soon after 1t convenes.
Co.,. VIII Ask Advice.
It can be said that the senate finance
committee will draft no measure for
mally and conclusvely until consultations
have been held with other members OF
the senate-democrats as well as repup-
'licans-with members Of the house ano
with the best authorities on finance II
the country. It is the desire Of the
committee to be constantly in touch with
the president, with other senators, WITH
members of the house, with bankers OF
the west as we'll as Of the east, and WITT
country bankers as well 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 de-
wise a. genuinely elastic currency system
"a system that VIM expand When the
necessity shall arise and contract wher
the necessity shall have ceased to exist
Senator Aldrich when asked by the AS
ISOLATED Press reporter with reference II
the visit of the senators to the president
said: -...-.
Senator AIdrIch's Statement.
'The republican members Of the sub
committee Of the senate finance commit
tee who recently met for an informal con
ference at Warwick, r. l., talked with thu
president about financial conditions ant
the need of legislative, changes. No bill
has been drafted or agreed on. and nom
will be until after the fullest consulta
ton with our democratic associates o
the subcommittee and all the members o
the finance committee. 1t Is, however
our purpose to have a bill In readiness TO
presentation to the senate at the begin
ming Of the extra session, If one shall b.
called in October or November. We ar
hopeful that a bill can be agreed upol
and reported that will receive the ap
proval OF both houses OF congress ant
afford prompt and efficient relief to tn
business interests Of the whole country.