The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-12-02
Remedies FOR
FINANCIAL i|LLS
WILL BE PROPOSED By MANY
MEMBERS OF CONGRESS-.
THE LEADERS ARE AT SEA.
Opinions as to the Best Means Of
Helping the Monetary Situation are
Almoet as Numerous as They
are Different.

Washington. Dec. Newer at the
beginning of any congress have the
congressional leaders Of both parties
found themselves more at sea con
tNrning legislation than they are on
the eve of the convening of the six
tieth assembly of the national legisla-
ture which takes place to-day. Very
little except the financial situation Is
engaging the attention of any mem
Der of either house. and all the mem
bers of both houses confess their in
ability to forecast what may be done
on that subject
All of them lament tho present situ-
alton. but all of them do not believe
that the remedy for It is to be found
In legislation. Those who believe that
such a remedy will prove efficacious
are In the majority. but their opinions
as to means vary so widely that all
admit the great difficulty of getting
together. There is some general divi-
sion along party lines, but there is
also great divergence of view among
both republicans and democrats. In
view of this state of affairs 1t is evident
that very little attention will ge given
some crystallization of thought on the
financial problem
In his speech of acceptance Satur-
day night Speaker Cannon intimated
the possibility OF some amendments
to the railroad rate law. and but for
the disturbance in the money centers
there Is little doubt that this would be
undertaken during the session. II is
..tsI hot ha
attempted inv that line but all plans
to that end are quite nebulous.
The democrats have 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
purpose of postponing action upon
this important subject until after the
presidential election that their OPP
ponents have little hope of accom-
plishing anything beyond getting rec'l
ognition for a few speeches for cam
paign consumption.
Among other subjects which will re-
ceive attention will be the question
Of taxing the sales made on stock eX
changes, and while il is appreciated
that even an effort in this direction
may affect the market there are a
number of senator's and members who
attribute most OF the disturbances in
the financial market to these specula-
tive processes and who would like to
make the read as rocky as possible
for them. 1t is too early, however tn
say whether such Efforts at legislation
will be successful
There will be some antitrust talk.
but the financial panic will probably
have the effect of curtailing il to
considerable extent. The Philippine
tariff bill and the bills for the admis-
sion of New Mexico and Arizona as
states will be introduced early in the
session and it is probable that all of
them will receive considerable atten-
tion, but not so probable that either of
them will become a law this year.
The friends of the scheme for deep
ing the channel of the Missis-
sippi river will undertake To inaugur
ate that enterprise during the session
and in that connection there will be
an effort looking to the systematic de-
velopment of all the inland water
ways. The president is expected to
recommend in his message n channel
of not less than "A feet from New Or
leans to Keokuk, and thus initiate a
campaign which will be pressed until
the desired end is attained.
II is also understood that the presi
dent will recommend an appreciable
enlargement of the navy, and while
congress does not seem prepared to
completely follow him in this matter.
the prospect Is good for some increase
of tho navy.
A number Of resolutions of inquiry
growing out of the financial situation
will be introduced by democratic sen
ators and members. Some of these
will make inquiry concerning the re-
cent issuance of certificates by the
treasury department; some will pro
pound questions concerning the distri-
button In the national banks of the
treasury reserve, and others will deal
with different phases Of the financial
question.
Even now the leaders of the two
houses are putting their heads to.
gether with the view of securing an
adjournment OF the session as early
as possible.