The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-12-02
Both Democrats and Re.
publicans Place I'inan.
cial Relief First.
M 4AY PLACE TAX
ON STOCK SALES
Mississippi Deep Waterway Bill
Will BE Pushed, and Presi-
dent Will Endcavor to Force
Big Increase for Navy.
Session to End
in May.
syAsHJNGroN. d. G. December


WASHINGTON, u. C December =
Never at the beginning of any Cor.
aress have the congressional leaders OF
both parties found themselves more at
sen concerning Legislation than they
arc on the owe of the converting OF
the stxtieth assembly OF the national
Legislature, which Will take place to.
morrow at noon.
Very little except the financial
situation issengaging is the attcntlon OF
any member OF either house, and all
the members OF both houses. whether
leaders or followers. confess their in.
Hpllity TO forecast what may be done
on that subject All OF them lament
the present situation. but all Of then,
90 not believe that the remedy for
II Is to be found in legislation. There
is some general division along par,y
Ines. but there is also great diverg.
encc OF view among both Reputllcans
and Democrats.
IN view OF this state OF affairs II IL
tvident that very little attention Will
nc given to other questions until there
ran he some crystallization of thought
. on tho financial problem.
Railway Rate Law.
m his speech of acceptance last night
Speaker Cannon intimated the possi-
kitty of some amendments to the rail.
road rate law, and but for the disturb.
ance In the money centres there Is
ilttle doubt that this would have been
Lfcertsken during the session. 1t IS
siill possible that s/nethins may be
attempted In that line. but ali plans to
trat end are now quito ncbulous. The
Democrats have already indicated a
1Nirposc OF trying to force the tariff
70 the front. but the Republicans are
50 largely in the majority I'm both
houses and are SO we'll united in their
purpose Of postponine action upon this
Important subject until after the presi-
dental election that their opponents
lav. very little hope OF accomplishing
eiS thing beyond getting recognition
for q few speeches for conipaiga con-.
sumption.
rsx stock sales. ],
Among other subjects which VIII re.
c"ivs serious attention viii he the
dgesttcn az taxing the gales made on
the stock exchanges. and while II is
appreciated that even an effort in this
direction may affect the market. there
arc a Number OF Senators and mem.
acrs who attribute most of tho dis.
tnrbances In the financial market to-
these speculative processes and who
would likc to make the road as rocky
rs possible for them. IT is too early
to say whether such efforts ct legisla.
ton will be successful. There will be
some ANTITRUST talk. but the financial
panic Will probably have the effect Of
curtatltng 1t to considerable extent
The Philippine tariff bill and the bills
for the admission OF New Mexico and
Arizona as States Will be introduced
early In tile session, and 1t Is prob.
able that all of them will receive con-
siderable attention, but It is not SO
probable that either OF them will be-
soa,c lawfat this session.
sitssissippi Wuterwny.
The friends of the scheme for the
deepening Of the channel of the Mis-
River will undertake to In
sugErate that enterprise during the
session. and in that connection there
vii! be an effort looking to the sys. !
development of all the inland
1t is understood that the President
will recommend an appreciable en-.
OF the navy, and While Con-
pietely follow him In this matter, the /
prospect Is good for some increase OF |
tho navy.
Close in May.
A number OF. resolutions of inquiry. /
growing. out OF the financial situation,
will be introduced by Democratic !
Senators and members early In, the /
session. Some of these will make in
quiry concerning the recent Issuance
ofgcertificates by the Treasury Depart
ment. jy;
Even now men, who do most to |
formulate the policies of the two /
houses are putting their heads to-
gether with the View of securing an I
adjournment OF the session a as early I
. date as possible. They are using /
the fact that the national convention
will probably be held In June to in
fluence both Republican and Demo-
crat. and the response received is gen |
orally favorable to the view that tile |
session should come to p close not
later than the last of May.