Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-12-09
SMALL CHANGE FOR
EARLY ACTION ON
CURRENCY
CONGRESSMAN ALL EAGER
TO TACKLE QUESTION
Those Who Have Not Yet In
troduced Money Measure
Consider Formation of Ex-
elusive Club TO Air Distinction
Especial correspondence Morning Ioarnal.l

Especial Correspondence MorninS Jonrnai
Washington. Dec. 6.-Members of
congress who have not introduced
currency bills since the beginning of
the present session are talking of or
ganizing a club. 1t would be an ex-
elusive affair, and membership in it
would carry distinction.
Congress is just coming to a realiz-
alton of what a big job il has got to
tackle in currency reform. No cur
rency bin will be passed before the
Christmas holidays; none will be
passed by the end of January nor yet
by the end of February or March.
h ends of April and May are like
wise TO come and go with currency re-
form still In the air. The currency
act, If there be an act, is likely to
bear date sometime in June.
There are a lot of things which
could be done at the first session OF
the siXtieth congress-, but not many of
them will. In the first place, there is
the coming presidential campaign to
take into consideration. Both parties
will want to play politics. The repub-
lican majority Is quite willing that
the democrats should have plenty of
time for political speeches; and dem
ocrats, of course. are not adverse to
speaking.
The Dingley tariff will not be re-
vised; that was long G decided. An
attempt may be made again to pass
through the house the Philippine tar
III bill. but there is evidenced no
great amount of enthusiasm for the
measure. Even should il come to pass
the house, il Is morally certain to
meet. in the senate, the same fate its
predecessor met.
A strong effort Is going to be made
IN hnWa EAnaqlan tho ~ riff taN IN
wood pulp. The increased cost of
print paper is charged by the manu-
facturers TO the scarcity of pulp wood,
and though they may not appreciate
II, hat is a strong argument for re-
peal of the tariff. If pulp wood has
become so scarce that the demand
cannot be met without an increase of
% per cent in the price of the manu-
featured article II is hard for even
those buyers of print paper who be-
lieve in a prohibitive tariff TO see the
logic of continuing the AK. Consum-
ers, however. are not wholly willing
to accept the theory that scarcity Of
Woo pulp alone is responsible for the
high price Of paper. There Is we'll
grounded suspicion hat the paper.
trust may have something to do with
il, and on that theory the department
OF justice purposes to act. If its in
quiries disclose that there Is a com
in restraint of trade, the de-
mand for removal of the duty on pulp
wood may abate. But if there is no
relief from other sources an aggres-
sive campaign will be waged for ac-
ton by congress.
All the talk now. aside from the
currency reform, is Of adjournment at
the earliest possible day. Republican
leaders favor a date not later than
the middle Of June and would be we'll
.aN-aal 40 CAAanaa. n.ua naA hHg
lleutenants I'm the house will be bent
TO keep down appropriations. Every
member OF the house has got to 60
before his people next year and ask
reelection, and those of the major
ity party. charged with responsibility
for legislation, do not care to be ac-
cused OF extravaganza of a%ppropria-
tions. Moreover, the condition of the
treasury does not warrant eXtraVa-
gance. The surplus so far this year
is some $I3.0 900. 900 less than for the
same period last year: in fact, there
is almost no surplus at all. Receipts
have fallen off. and unless extreme
ARE is exercised in voting away
money the government is going to
have a deficit to contend with next
year. Experts agree that had the
treasury been confronted by a deficit
during the recent financial furry the
situation might very well have been
much more serious.
There was considerable comment
on the act that when congress con-
vened on Monday the capitol dome
sheltered five recognized presidential
candidates, with other possibilities
scattered around. The gavel i'm each
house was welded by a man openly
In the race. In the lower house.
Speaker CannOn shared honors with
william j. Bryan. At the senate end
Vice President Fairbanks had SEN
atOrs Knox and Foraker as counter
attractions. There also 1as La
Toilette. OF Wisconsin. who has no
in~considerate support for the repub-
lican nomination, and Culberson, OF