The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-12-02
CONGRESS At SEA ON
FINANCIAL QUESTION
Members Do Not Believe
They Will be Able to
Get Together.
OUTLINE OF THE WORK AHEAD
Democrats to Force the Tarif-Hope
for Inland Waterways-Cannon's
Speech of Acceptance.

Washington, D. C., Dec both
houses of congress will give their at
tention to currency legislation at the
opening Of the session, but none of the
leaders have any well defined ideas Of
what the outcome will be All lament
the present situation. but all do not
believe the remedy for it is to be found
in Legislation.
Those who believe that such a remedy
will prove eficacious are in the ma
jority, but their opinions as to means
vary so widely that all admit the great
difficulty of getting together There is
some general division along party lines,
but there is also great divergence of
view among both republicans and dem
ocrats In view of this state of affairs
it is evident that little attention will
be given to other questions until there
can be some capitalization of thought
on the financial problem.
In his speech of acceptance last night
Speaker Cannon intimated the pos
sibility Of some amendments to the
railroad rate law, and but for the dis
turbance in the money centers there is
little doubt that this would have been
undertaken during the session. 1t is
still possible that something may be
attempted IN that line, but all plans to
that end are now quite nebulous.
Democrats to Push Tariff.
The democrats have already indicated
a purpose of trying to force the tariff
to the front, but the republicans are so
largely in the majority in both houses
and are so well united in their pur-
pose of postponlng action upon this i'm
portant subject until after the presi-
70
have little hope of accomplishing any
thing beyond getting recognition for
few speeches for campaign consump-
ton.
Among other subjects which will re-
ceive serious attention will be the ques-
ton of taxing the sales made on the
stock exchanges, and. while it is APP
preciated that even an effort in this
direction may affect the market, there
are a number of senators and members
who attribute most of the disturbances
in the financial market to these specu-
lative processes. and who would like to
make the road as rocky as possible for
them. 1t is too early, however, to say
whether such efforts at legislation will
be successful
There viii be some antitrust talk,
but the financial panic probably viii
have the effect of curtailing it to
considerable extent.
The Philippine tariff bill and the
bills for the admission of New Mexico
and Arizona as states viii be introduc-
ed early in the session and it is prob
able that all Of them will receive con
siderable attention. but not so probable
that any of them will become laws at
this session.
Friends of Waterways Hopeful.
Friends of the scheme for the deep
ening of the channel of the Mississippi
river will undertake to inaugurate that
enterprise during the session, and in
that connection there will be an effort
looking to the systematic development
of all the inland waterways. The pres
ident is expected to recommend in his
message a channel OF not less than
fourteen feet from New Orleans to
Keokuk, and thus initiate a campaign
which will be pressed until the desired
end is attained.