The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-11-19

President Roosevelt's message has
bsen sent to the Public Printer. The
document. expected to be the most i'm
XCrtant of its kind produced during this
Administration, is completed and in
shape in which 1t win be laid before
Congress.
The message places the demand for
currency legislation IN a leading place
s,nong the measures the enactment Of
which is asked. More than this, it does
rot deal with the subject in generalities,
but presents a specific plan before the
lawmakers.
Impressions that the President would
not outline a specific plan in the mes
sage are thus proved unwaTranted. In
stead, the President tells Congress what
neosures he believes necessary and de-
sirable, and asks that they be enacted.
VIII Hasten Congress.
The specific recommendations made
ere not announced, and the greatest
secrecy IS observed concerning them.
The fact. however. that the weight OF
Executive approval is placed behind
specific plan is considered by the Presi-
dents advisers. and in financial circles,
as highly significant and as indicating
the esrpest.ess with which Mr.. RoOse-
velt VIII press for quick action. The
chance Of forcing Congress to an agree
loent is thought to be much better when
the President shall have presented to
It d somewhat detailed program.
Conferences Of the members Of the
Cabinet, OF financial interests and Of
legislators who have been III the city,
have resulted ia the working out OF
The scheme. The Cabinet Is said to be
agreed that the measures viii serve
the purpose Of quickly restoring a nor
nal business and financial condition.
Legislators Consulted.
There have been communications also
with some legislators, who. while not yet
in Washington, are certain 10 have large
influence in determining the action OF
Congress. and the impression is strong
that something like a plan OF action has
been agreed upon so definitely that its
adoption is to be regarded as pretty
well assured, 80 far as assurance in
advance is possible in any matter OK
legislation.
There win be further conferences
from time TO time with leaders in both
houses from now until the OFening OF
Congress The outlook Tor prompt and
effective relief is considered brighter
tnan ever before. It is understood that
the President has handled the situation
without gloves in his address TO Con-
gress, and has made plain that no ex-
cUse con be accepted by the country.
in the present condition Of affairs, for
delays and bubbles.
Wants Currency Of the Safest.
While nothing like an intimation is 10
be had on authority. as to the legisla-
ton proposed by the message, II is un-
derstood on good information that gen
4 T.
President being understood TO oppose
this. He wants, it is declared. that
segregated assets OF unduestfonable
value and security shall represent cur
rency issues. together with such a guar
antee scheme as shall make every dol
lar Of the new circulation a s good as II
II we're based on gold.
The understanding is that the plan
VIII be found TO involve a large ex-
pension Of the list Of securities against
which currency nay be Issued This is
uEEsy, II is said, TO include the approved
sscudties accepted now from hanks
Which receive Government deposits.
Guarantee Fund for Deposits.
Be 7ond this. there IS understood 10 be
recommendation OF some changes In the
present law governing Federal deposits
in national banks. with a view to estab-
fishing a guarantee fund for these de-
posts also.
The message will be Of about the
standard Roosevelt length Reports that
Il was to be ''denaturcd'' to please GER
tain interests which have INDUCED in
criticism OF the Presidents course will
be found, when the message becomes
public property, TO have been sadly mis-
taken. The President stands by the pro-
gre -sive program Of legislation 10 which
he has been committed heretofore. and
indicates that he has in no wise changed
his mind about the necessity of going
ahead.
FIRE IN 'JEwELRY STORE.