Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1908-05-28
TALK Of CURRENCY
HOUSE AND SENATE LEADERS
TRYING TO PATCH w AN
AoREEMENT.
BILL Hello Up
Representative Barthoidt Refuses 70
submit Conference Reeogt %
Measure Until panc'ai
Legislation 10 AsSured.

washington, May 26.--Currency leg
lslation was the chief topic between
leaders Of the senate and house Mon
day The revival Of the discussion
came Unexpectedly and led to all SORTS
Of 'rumors Of probable agreement Pc
tween the conferees on the Aldrich-
yreeland bill looking to the enactment
of measure at the present session,
Many Republican members Of tne
house do not seek to disguise their
fear that II congress should adjourn
without passing an emergency cur
rency bill the failure to take action
would be disastrous to the majority
This fear was emphasized by Repre-
sentative Bartholdt of Missouri, chair
man Of the house committee on pub
lie buildings. who declared that ne
would not submit his conference re-
port on the omnibus bill until imam
cial legislation had been assured. Ills
action holds the buildings Dill ID
which 316 members of the house aid
many senators are interested over the
heads Of "any recalcitrant group or
faction" that may be opposed to an
agreement on emergency currency.
There are many members OF both
branches Of congress- who believe that
the impression given out by many
leaders that there is no hope for action
at the present session Is for the pur'
pose of arousing the country to de-
mand action before adjournment. II
such a demand should come now the
result would be In doubt Early In
the day the report was circulated In
the house that there was a movement
to foot to "dovetail' the Aldrich and
vreeland bills, retaining the principal
features of each. The effect of this
course would be to permit individual
banks to take out emergency circu-
lation on government, state, county or
municipal bonds, or as an alternative
proposition, to take out emergency
circulation on commercial paper to be
guaranteed by banks Of a clearing
house association as provided by the
VreeIand bill 1t was the idea in the
house that this provision could be
amended SO as to be acceptable to the
senate by defining the character OF the
securities, such as prescribing that
they shall have two endorses, and not
run for more than 90 days. 1t was
suggested further that the emergency
circulation measure should not oper-
ate for more than three years and
that in the meantime there could be a
general revision of the currency and
banking laws. "
No sooner had this scheme. for a
compromise reached the senate than
the Democratic leaders served notice
on Senator Aldrich that they were
ready to talk for month to prevent
any feature OF the Vreeland bill be-
coming law. Although Speaker Can
non was supposed to father the com
promise movement 1t met with decided
opposition in the house. Representa-
tive Barton of Ohio, one Of the Re
publican conferees on the bill, had
opposed the Aldrich measure and was
pledged to considerable following ia
do all he could to prevent the adop
| ton Of any Of Its principles.
ConcedIng that the Democrats of the
senate will not yield. the chance fol
legislation is slight
That Speaker Cannon entertaini
hopes that there will yet be an agree
ment ID Indicated BY the fact that thu
sergeantat-arms Of the house Il I'D
monishing members not to leave thu
city until final adjournment has beef
decided upon and In some few easel
members who have already gone hom'
have been asked to come back.