The Washington herald., 1908-05-28

Advocates Of emergency currency legis-
lation were congratulating themselves
last night that the battle is half won.
BY majority Of twenty-six. the House
yesterday adopted the conference re-
port on the Aldrich and the Vreeland
financial measures. and before the time
for adjournment came the report had
been read in the Senate and was before
that body. to the exclusion Of everything
else.
chances OF a Democratic fnbuster in
the Senate are fading. Overtures Of SEN
ator La Toilette to the Democrats. with
the object Of forming an alliance to talk
the measure 10 death. have been received
without enthusiasm, and the Republican
leaders are very hopeful that the bill will
be passed within a couple Of days. and
that Congress will adjourn for good by
Saturday.
A final agreement on the disputed
points between the Republican conferees
was reached early in the afternoon. Then
the Democratic conferees were called In
To hear the compromise read. The Demo-
Gratis refused 10 sign the agreement.
which made no difference. as there were
orly four of them, while the Republi-
cans-Aldrch. Allison. and Hale for the
Senate, and Vreeland, Burton. and
Weeks. for the Hvuse-mustered a ma
Jorlty. As soon as copies Of the confer
ence report came from the printing Of
fee ii was submitted to the House. Two
hours later It had been adopted by that
body and was being rushed over to the
Senate.
Credit AIdrich and Cannon.
The House Republicans are giving credit
TO Speaker Cannon for having brought
about an agreement after differences had
developed that appeared TO be irrecon-
cilable The Senate Republicans contend
that Senator Aldrich is the man who
turned the trick.
The bill viii he taken up IN the Senate
early to-day and considered continuously
until finally acted upon.
1t was a hard fought battle between
the Republican conferees before peace
was made. As finally drafted. the com
promise bill embraces features OF both
the Aldrich and the Vreeland measures
Clearing house associations. renamed Ma
ti0nal Currency Associations. are author
lied to issue currency notes on the basis
Of commercial paper and other securities
as provided by the House bill. but indi-
vidual national banks may issue similar
currency notes. on the basis OF bond Sc
curity, as provided by the Aldrich bill
The law is to be effective for six years
The strongest objection made to the bill
on both sides OF the Capitol is that It will
allow the issuance Of currency on railroad
bonds. as the original Aldrich bill did
The House Democrats knew that the
conference report would be put through
their chamber without any delay. They
confined their protests 10 brief remarks
during the debate. The Senate Demo-
Gratis are inclined to think that It would
be unwise to attempt TO defeat the meas
ure by dilatory tactics. They will let it
pass, probably. and make the Republi-
cans take the responsibility before the
country They will hold a conference
this morning TO outline their course.
La Toilette Wants TO Fight.
Senator La Toilette tried to get the
Democratic Senators to join with him
in a filibuster. with the object OF killing
the conference report He said some
thing Ike this to their leaders: IF you
viii give me three Democrats to Eup-
port me, I'll engage to do most Of the
talking, taking either the day shift or
the all-night shift" The leaders said
they would think about it. Afterward
Mr.. La Toilette said to Senator Culber-
son, the chosen Democratic leader. that
he would make the fght II only one
Democrat would stick by him. Mr.. Cul-
berson said he would be able 10 say
something after the Democratic con-
ference to-day. 1t is expected that the
Democrats will make some short speeches
against the compromise BILL but will not
attempt to prolong the debate for more
than a day or SO. In the campaign the
Democrats VIII hold the Republican party
up to scorn for having enacted such an
iniquitous measure.
AhoAD - niue Cuduce OF much Re-
publican detection in the Senate. II Is
expected that some of the Republican
Senator's who voted against the Aldricb
bill will vote for the compromise. II IS
said that IL Mr.. La Toilette does not at
tempt to flibuster. the currency meas
ure may pass the Senate by tonight.
House Democrats Vote "No.y
Shortly after o'clock the agreement
Of the conferees was presented to the
House by Representative Vreeland. As
4 privileged matter, il had the right OF
way. Discussion was limited to one
hour. The report was adopted by a
vote Of 16O ayes 10 14O noes All the
Democrats present voted against the
report Fourteen Republicans voted
against it also. They were Brumm. OF
Pennsylvania; Calderhead. Campbell
and Murdock, Of Kansas; Cooper. Lind
bergh. Morse, and Nelson. OF Wisconsin:
Darragh. of Michigan; Fowler, of New
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