Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-11-29
Necessity For Temporary Finm-
cial Relief BY Government
is Past
CURRENCY REFORM NEXT MOVE
When Senate Agrees Upon Plan House
is Ready to Act Quickly - Some
Politics Will Be Injected Into At
tempted Legislation and Discussion
Bryan and the Democrats.

Washington, Nov. 29.--That the nee
market is considered to be over is
shown by Secretary Corteyou's AN
nouncement that no more allotmcnts
of the governments one year certifi-
Gates OF Indebtedness will be nt,de
The matter of permanent relief is up
TO congress, or rather to the senate
This additional bank note circula
ton, added to the millions in gold
h"Cught from Europe will, it is ,bought
hc sufficient to tide the banks over the
present crisis. The contraction in
leans incident to u depression in in :
dustry is counted on to place in the
banEs inside of a few months more
money than they know what :, do
with, so that the full 100000 900 worth
of certificates authorized will not be
decided
In the matter OF legislnri III u inn
prove the currency situation p.pnah
emily and prevent the recurrence of
present conditions ii is conceded that
If Il relief measure can be put thru
the senate promptly there will be no
difficulty in rushing it thru the house.
The powers that control the lower
branch have served notice to that eff
feet.
President Roosevelt in his letter to
Secretary of the Treasury Cortelyou
approving the temporary relief meas
ures decided upon alluded assurances
which he had received that the leaders
in congress We're planning currency
bill which was expected to pass con-
gress early in the coming session. 1t
now Is apparent that IL an emergency
measure is considered necessary the
senate must take the initiative. Pro-
spcctive Leader Cannon has made it
clear that he does not intend to have
the house originate bill, rush 1t to
passage under the whip. and run the
risk of indefinite debate in the senate
where cloture is an impossibility.
No Half Way Measure.
Attention was drawn to the sitIa-
ton respecting currency legislation by
the publication of false reports that
administration leaders We're planning
to jam thru a bill in the house under
a resolution from the committee on
rules during the first few weeks of the
session, possibly before the regular
standing committees We're appointed,
thereby giving Representative Fowler,
the prospective chairman of the COM
mittee on banking and currency, no
chance to combat or hold up the leg
islation. Mr.. Fowler has evinced a dis
position to fight the administration
upon the elastic currency question.
Representative Cannon, it is learned,
has been approached by several per-
sons relative to what might be ex-
pected and has told them that so far as
he, is concerned he does rot propose to
start anything without certain assur-
ances that it can be finished. He takes
the ground that whatever the House
may agree to would be worse than
useless with the senators divided
among themselves
Reduced to the basic fact, it all
means that if Cannon and Aldrich can
agree on something and Aldrich can
handle the senate end of the game,
the country will get some kind of a
currency bill. Nobody now here pre-
tends to speak for Senator Aldrich,