The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1907-11-03
SPECIAL SESSION
OF US. CONGRESS.
URGED BY FlNANciERS TO
ERADICATE GROUND FOR
SUSPICION OF METHODS.
is QUITE UNNECESSARY
Say Others Who Declare 1t Would
Arouse Apprehension of Unfav-
orable Conditions Which
DO Not Exist.

Washington, ID. G.. Nov. 2.--lt was
learned here from undoubted sour es
that President Roosevelt Is now
being urged to call an extra session
Of congress to deal with the financial
Tho request comes from and repre-,
sents the judgments Of conservative
leaders In the financial world, who
have represented the present sitna
tion as one compelling action Of a
character which will affirmatiyely
eradicate all ground fer suspicion Of
American industrial methods.
The president has been assured
from the NEST reliable sources that
there will be- no opposition on the
part Of the great industries of the
country TO the enactment Of neces-
sary laws to carry out his ideas CT
federal control to the extent to which
ho HAS eXpuunded them III his rec Mt
pubic uttcrances. These assurances
are made mt this time to avert what
has hcen represented as the most dan
Eerous situation which has confronted
the country during an extended his-I
teric period, that is, the seeming
growing lack Of confidence based on
known Irregularities in the BUSINESS
methods in some quarters, and no
sure and speedy means Of separating t
the good from the rnsound,
TO this end it is suggested that the
president set congress to the task,
first, Of making such amendments to
the financial laws as will result in
the maximum of fexibility with the
minumic OF basic change In our sys- +
tenn, next, and perhaps most in i'm I
portance. that the president embody ,
his suggestions on corporation con-
troll into sufficient recommendations
for its enactment into law
That the president has given the
request for an extra session careful
consideration Is indicated by those
who have been asked to lend their
advice IN the matter. That the infor-
nation as to existing conditions is
not alarming has been the continuing
assurance which has come from the
eovcrnment's careful observations.
with this in view. the president has
been told to call for an extra session
of congress might have reverse
effect from that desired by these who
are ureing such action; that il would
tend to emphasize in the public mind
the apprehension of unfavorable con-
ditions which do not exist.
Failing in calling an extra session,
those who have made the appeal for It
have presented an alternative. or an
additional request that the president
make a public statement of the as
surance he feels in the sound condi-
ton Of the public credit This, too,
has met with a measure of OPPOSITE n
from the administration advisors.
Eoth suggestions are still matters OF
consideration although no lnforma-
tiou whatever is obtainable regarding
either directly from the White House.
BANKERS CONFER.
New York, Nov. 2.-J. 3ierpont
Morgan was in conference several
hours today with groups of bankers.
The condition of the banks as re-
vealcd by the bank statement was
said TO be the primary cause of the
conference. thoug a shortage of cur
rency and other matters were dis
cussed.
II was reported the advsability of
asking President Roosevelt TO call a
special session of congress TO deal
with the needs of the financial sitna-
lion was also discussed.
Though no formal statement was
made. il was understood that ar
were made for any pro
tective measures that the situation
may require Monday and during the
week