Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-11-18
PRESIDENT IS COMMENDED
Callers at the White House Express
Satisfaction.
PROSPECTS OF LEGISLATION
Congressman in the City Agree That
Steps Will Be Taken Promptly.
Disagree as to Methods.

Republican senators and representatives
who called on the President today were
optimistic to the results of the fnan-
cial relief plans announced by Secretary
Cortelyou. providing for a bond issue OF
S50OO0,OOO and the putting out of $780,
100000 Of per cent certificates. There
was general feeling that great good will
follow. and that the feeling of depression
will be changed to confidence The Presi-
dents letter is regarded as certain to
have good effect, and he was congratu-
lated by his visitors.
That the action of the administration in
coming so vigorously to the relief of the
financial situation will be more than
ample in the direction desired was the
universal comment of callers at the
White House today.
The relief ought to be almost imme-
diate,' was the comment of Representa-
tive Needham Of California Il believe
Congress will take up the matter of cur
rency legislation at once, with a view to
accomplishment which will make the
present situation impossible of recur-
renee. So far as l have been able to
ascertain, the business of the country is
on as sound basis as ever. That
slight shake in the confidence of the coun-
try should cause tie-up in the currency
is a question which will need careful con-
sideratiOn."
Hoarded Money Will Appear.
Il think that much boarded money will
now come out" said Senator Warren of
Wyoming. The people will realize that
there was no cause for the scare they
have had with them. They viii not only
return their savings to the banks but will
ol,ob in
Gates offered by the government"
Senator Warner of Missouri thought
that one good effect would be the pur-
chase of Panama canal bonds by the
banks, which have been boarding money
themselves. Il do not see what excuse
they can have for not loosening up," said
Senator Warner.
Senator's Borah of Idaho and bourne of
Oregon were of the same opinion Il
think that the action that has been taken
W IL relieve matters considerably The
scare, up to this time has been wholly
artificial. 1t has been purely a scarcity
of currency. and there is no industrial
stagnation," said Senator Rorah
President Roosevelt was CONGRATULATED
by Representative Bartho DIT of Missouri
He said that ST. Louis, particularly, ap-
preciated the action taken, because the
banks there had been exceptionally con-
servative. The letter of the President
dence, for the lack of which there had
never been any excuse.
Senator Bourne of Oregon said, on leav-
ing the White House today, that he had
not had opportunity to read the Presi-
dents letter on the re iaf measures pro-
posed, but believed they would accom-
plish much good.
Prospects for Legislation.
There are so few members of either
house of Congress who deal directly with
| financial legislation in the city that it is
impossible to make any definite pre-
dictiOn as to what course financial legis-
latioa will take at the approaching ses-
sion. All who are here however, agree
that the conditions are such that some
thing must be done. and the pCeponder-
ance of opinion favorS the view that re-
| lief legsat alton will be more prompt than
has heretofore been predicted. There are
various opinions as to the course that