Gainesville daily sun. (Gainesville, Fla.) 190?-1938, 1908-02-21
CONGRESS EXPECTED
TO ADJOURN IN APRIL
Provided Speaker Cannon Decides
to Permit Such Action,
FRANK CLARK AZ SECRETARY

Florida consrsSsman's Election to
That Position on National Democrat
Ic Committee Out Of the Ordinary.
BVan's Opposition.
@peSiai Correspondence The Daily Sun
Washington, d. c.. Feb. 2O.-I am
informed II IL the intention Of the
leaders TO adjourn Congress as soon
as the appropriation bills are passed,
and Speaker Cannon expects Con-
gress win adjourn by the end Of April.
That would be the earliest adjourn
ment Of Congress ut the long session
that has occurred for many years. It 10
thus. evident that II Is not lack Of
time that win prevent consideration
Of the tariff or other Legislation recon.
mended by the President The Re
publican leaders are determined TO stop
the how Of reform legislation which
began and ended WITH the railroad
rate bill with the intention and hope
Of receiving the same liberal contTibu.
tons for their campaign funds as on
former occasions. No doubt Wall
Street, the National banks. the rail.
roads and the tariR-protected trusts
will crafty their wishes. II no reform
legislation 10 accomplished. '''|
IN the Senate the Aldrich currency
bill 10 under consideration, and all the
committee amendments have been
agreed to except those authorizing the
Secretary OF the Treasury to fix the
value Of bonds and the provision re.
lating TO the use OF railroad bonds
70 secure the emergency currency.
The Democrats object TO the use Of
railroad bonds Of any description as
security for bank circulation. They
are going in, however" declared Sen.
atOr Bailey. "The Republicans have
the majority and the power to do 50,
and they will put in railroad bonds"
II will DO great advantage 70 the Wall
Street interests II railroad bonds are
included as security for National
bank circulation, for such bonds
would at once advance In value In
consequence of the demand that
would be created. Hany OF the banks
would invest In such bonds. and hold
them ready for securing the issue OF
emergency currency. and as such
bonds can now be bought on the basis
OF paying from 5 to 6 per cent inter
est II would DO q good investment for
the banks, and would greatly relieve
the Wall Street interests 70 have the
price OF railroad bonds advance
through the demand by the National
banks.
I noticed y PieFpont Morgan and
other New York nnanciers interested
spectators In tho gallery Of the Sen.
ate when Senator Aldrich was deliver.
Ing his speech on the currency bill. |
which was 40 unusual as to indicate |
how much they are interested. There |
IL millions "in it' for them II they |
can find a market for unstable beads |
and can turn the proceeds into |
other more profitable channels. You
can always trust q Republican Con-
gross TO look after the Interests" that
furnish campaign doodle"
Party politics are stlll In very
chaotic condltioh--no prophet can tell |
who the Republicans will nominate
for President until some OF the States
that have no favorite sons have ~.
lected delegates, Hut looking at the
matter from an unbiased standpoint
! should expect that II Mr. TAFT Is
not nominated on the frst ballot there
Is likely 90 be- deadlock and the Chi
cago convention may then extend les
session into second week. The re-
aceonaries or conservatives may then
combine upon senator Knox. Who will
have AL the great Interests" back
OF him and the promise 81 a big bar.
rel % elect him. Promises of such
Afiuenee, With perhaps the Ad,.,,..Av
OF handling some Of H. viii convinee
q good many patriots that Knox Is
the maR when the final tussel takes
place for the control Of the Ropubli.
can party.
The Democrats have been much Ia.
terested m the election Of the odi-