The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-05-29
TWO WILL
VOTE WITH DEMOCRATS
Benator Aldrich Asserts That Tn
der the Bill Securities Of Any
Sort Acceptable to the Banks
and Secretary Of Treasury
Can be Used for Securing
Emergency Currency.
vvY WASHINGTON, ID. c., May rs
NV The anticipated strenuous

Wv the conference report OF the
Aldrich-Vreeland currency
bill In the Senate, according to the IN
ference to he drawn from the debate
to-day, probably will not materialize.
Senator AldrIch kept the report before
the Senate until P. NJ. when he as
scented to It's being laid aside until
IL o'clock Tomorrow.
Every Senator realized that the
meaning OF this move was that An
understanding had been reached to
vote on the bill tomorrow. Inquiry
proved the existence OF this under
standing. The Indications are, there
fore, that Congress will adjourn ;.'ne
die tomorrow or Saturday
Unauestionably the high tempera-
ture had something to do With the
indisposition on the part Of many Sem
ators to discuss the bill AT no time
was a quorum present except when
the roll was being called to establish
the quorum During the morning the
Democrats had sweltered through
conference lasting more than an hour.
at which IL was decided not to fili-
buster ageinst the bill. While the con-
ference had no binding force, the sen-
timent favored the minority standing
together In a solid vote against the
bill. on the other hand. 1t is not like
y
will join the opposition.
Aldrfch Explains Bill.
The discussion today was opened by
Senator Aldrich, who made brief
statement concerning the compromise
bill. Some OF the Democrats then
sought to get AN agreement to con-
slider the campaign publicity bill, and
afterwards speeches against the cur
rency measure were made by Senator's
Teller, EewIands and Owen. No other
Senators We're ready to speak.
Senator Aldrich spent most of the
day trying to arrange an agreement to
vote on the bill tomorrow. This was
not opposed by Senator CuIberson, the
minority leader. but Senator La
Toilette, who is very much opposed TO
the bill. asked that a motion for an
agreement be not pressed.
Stating frankly that he had tried to
organize filibuster against the bill,
but had met with little encourage
ment Senator LaFollette said he p-ob-
ably would not speak at length.
Entering upon his promised expla-
nation Of the compromise bill, Mr.. AL.
drIch said sections one and two OF the
bill were the only sections that had
not been considered by the Senate. He
explained the change In the forms of
taxation, and said 1t increased the
average taxation for four months to
the extent OF one-half of 1 per cent,
making the average i-2 per cent He
approved the new feature OF the bill,
recalling the contents OF each section.
No Anti-InJunction This Session.
Mr.. Culherson asked whether Mr..
Aldricn could give some assurances
that an an,i-injunction bill would be
passed before Congress adjourned.
Mr.. Aldrich replied that he believed
1t was absolutely impossible at this
session to pass such a bill, because
OF the great diversity of opinion on
that subject. Some Senators, he said.
believed the powers Of Judges should
not be curtailed. and there were other
views on that subject: but he did be-
lieve that in the next sessions such a
bill could be passed.
Mr.. Culberson then asked to know
whether a campaign publicity bill could
be passed before adjournment. and Mr..
Aldrich declared that SO far as he was
concerned he would favor voting on
the bill on that subject as soon as the
pending currency bill should be dis
posed Of.
Mr.. Bacon said as 1t was reported
that both political parties favored leg
islation to give publicity to campaign
funds. he favored that question as the
one to lie acted on without any other
question to complicate 1t.
Mr.. Culberson said that to insist upon
the House publicity bill meant It's de-
feat and Mr.. Foraker declared that
he saw no reason why Senator's should
object to the House measure unless
they We're opposed to the enforcement,
of the provisions of the Constitution
Mr. Foraker added that the Republican
nf "a
leges and Elections were unanimously
in favor Of the House publicity bill
{. He said also that he favored publicity
In the matter of contributions before
rs we'll as after convention.
The discussion OF the currency bill
was then allowed to proceed.
All Sorts Of Sccurltics.
Mr.. Culberson inquired of Mr.. Aldrict
whether the currency bill reported tc
the Senate would allow railroad bond.
to be used for securing emergency
currency
Mr. Aldrich replied that it included
securities held by any bank, provided
they were approved by the association
and the Secretary of the Treasury. III
undoubtedly,"' he added, provides TO,
the acceptance of railroad bonds"
Discussion Of the bill was begun by
doorway was exceedingly wide oper
# on the matter OF securities" Tht
House bill, Joined to the Senate bill. hi
said, had never been discussed by thu
Eenate. and he believed full considera
tton should now be given It,
81 Mr.. Teller called upon Mr.. Aldricl
tor information as to whether cottor
8 warehouse receipts would be accepted
as security v for emergency notes, ant
the chairman Of the Committee on FL
nance replied that anything a hanl
could take as collateral security cal
be used, II approved by the association
and by the Secretary of the Treasury
and he concluded that warehouse re
seipts would be Included.
In the same way mortgages nigh
n. y 49,.