The Owosso times. (Owosso, Mich.) 1897-1926, 1908-06-05
CURRENCY BILL A GOOD
MEASURE
Senator Smith Says tho Emergency
Measure 10 an important One.

Eyes indeed, am glad to get nom,
after an absence of six months, home
looks mighty good to me-" thus spok,
Senator William Alden Smith, las
night; as he sat in his comfortable Ii
brary rearrangipg his books and papers
| "Our stay in Washington this winter
has been one Of the most enjoyable ir
my official life. We have seen many
home friends during the winter; Mich
igan people frequent Washington otter
during the sessions of congress and il
has been one of our most enjoyable
experiences this year to see many old
friends. while the federal city never
looked as beautiful as it does now. The
new buildings and extensive park sys.
tenn gives Washington rank with Der.
lin and Paris, although not as large or
as symmetrical as the European CAPT.
tails, the plan upon which all improve.
ments are made is large and compre-
hensive, and when finally completed
will give our country the most beauti-
ful capital city in the world"
Have you found the work of the
senate agreeable?" asked the reporter.
eyes, indeed" said the senator, 'it is
most interesting and instructive as
we'll"
"a new member even though he has
seen long service in the house of rep
resentatives, must move cautiously and
respect the recognized traditions of the
senate. The older members are firmly
intrenched in important committee
places and the important work is large
ly under their direction and control.
This is just as it should be, however,
for large experience brings wisdom and
conservatism while length of service
places one in position. of greatest re-
sponsibility.
MY colleague, Senator Burrows
now holds very important committee
assignments, and if Senator Aldrich
and Senator Allison should for any
reason leave the senate Mr.. Burrows
would become chairman of the leading
senate committee, that of finance;
while his other places are all impor-
tant."
What is your most important COM
mittee senator?"
Commerce. 1t is presided over by
Senator Frye of Maine, who has been
in public life 80 years, and knows
more about our inland waterways and
the commerce of our country than any.
one l have ever met"
The governors conference with the
president must have been Interestingly"
Eyes, indeed, and very instructive
too, attended several of their ses-
sions and the liveliest interest was
shown throughout, and l think it will
result in greater cooperation and
larger results in the conservation of
our natural resources" said the sena-
tor.
How does the president stand his
strenuous life?"
"Splendidly; he looks as though he
was good for generation of hard
work.
Has he wearied of presidential re-
sponsiblility2"
mo, think not of the work. but he
is very sincere about his refusal to
stand for another term and seems to
retirement with relish.
Twill Taft be nominated at Chica-
go2"
Beyond doubt" was the prompt
reply.
WHO do you believe will be his run
ming mater"
Fairbanks, if he will take it. He
would greatly strengthen the ticket in
Indiana, which is doubtful, and in
deed throughout tie country. The vice
president is an able, lovable man. If
he declines Governor Guild of Massa-
chusetts or Governor Fort of New Jer-
,ey are likely, although Governor
Guilds friends in New England are
still greatly concerned over his pro-
tracted illness, and many feel that he
ought not to undertake the response.
bility incident to the campaign"
what about the currency bill just
enacted"
well, it is purely an semergency
and may not be used at |
sll. Both houses feel that some safe.
guard should be thrown around our
financial system and each house passed |
It's own measure, and the conferees |
struggled to harmonic conflicting |
views. This was abandoned several |
times, but was finally accomplished,
and hope some good may result from |
t..
eff municipal and state bonds are
enhanced in value by treason of their
Easy convertibility into emergency
money, or the rate of interest is low !
cred, the public will be the gamer and |
The government perfectly secure, while
the miscellaneous bank assets used for |
the same purpose will be passed upon
by the local clearing house and by the !