The Montgomery advertiser., 1908-05-29
SENATORS ON THE CURRENCY Day is Spent in Its
 Consideration. ALDRIcH HAS DIFFICULTY Finds Trouble in Taking Up the
 Measure. Debate Breaks Into a Discussion of the Publicity BnI and Very
 Little Progress is

large number of Senators in their places, many having returned from their homes in response to telegrams asking them to be in attendance when. the conference report on the currency. bill should be taken up.
 Palm leaf fans were again in evi- dence and the Vice-President had dis carded the big leather-covered chair Tor smaller and cooler seat. Just out side the Senate chamber in the lobby, Secretary Taft was holding a recep- ton and for the want of a fan. he op- erated his big palmetto hat to keep down-the precipitation
 The journal had been read only five minutes when Senator Fulton, at the request of Senator Aldrich. asked unanimous consnt to dispense with It's further reading.
 T ob1ect,p yelled Mir. Gore. the blind Senator from Olxlah oma, and his words were accompanied by laughter on the Democratic side.
 Mir. Aldrich came into the chamber a few minutes after 12 o'clock and smiled when the Senator from oklahe- ma insisted upon the reading of the Journal in full Senator LaEoliette was in his place and moved about on the Democratic side, his manner being tn- terpreted as indicating purpose to secure as complete discussion of the currency Dlll AB lClf0hAhAt1hSCe RcA ted. Only ten minutes was consumed In the reading of the journal when the morning business was in order.
 Senator Warren reported from the Committee on Military Affairs and asked immediate consideration, but MT. AIdrich declared that there would be an abundance of time for such mat ters after the conference report on currency bin was out of the way. and objected. He reminded the Senator from Wyoming that he had given mo- tice that he would call up the currency bill today
 Mir. AIdrich had not spoken at great length when Mir. culberson asked whether the Senator from Rhode Is- anti-injunction bill would be passed before Congress adjourned. This was the positive indication of an effort to obtain party capital out of the situa- tion.
 MT. Aldrich, speaking for himself said he believed 1t was absolutely in- possible at this session to pass such biu because of the great diversity of opinion on that subject. He did be- lieve that in the next session, such a bill could be passed. MT. Culberson asked whether a campaign publicity pill could be passed before adjourn ment.
 MT. Culberson interposed to say that to insist upon the House publicity bill meant It's defeat.
 On the question of the publicity bill. MT. Foraker said he, hoped to find somebody in authority some day to en- force the fifteenth amendment" and Mir. Bacon of Georgia replied briefly. Mir. A1drich then appealed to the Senator from Georgia" not to further lead the discussion away from the pending bill.
 The request met with ready response. MT Teller called upon Mir Aldrich for information as to whether cotton warehouse receipts would be accepted as security for emergency notes. and the chairman of the Committee on Fi- | nance replied that anything a bank could take as collateral security can be used If approved by the association and l by the Secretary of the Treasury, and he concluded warehouse receipts would I he included. In the same way mort | gages might be included in the ap- | proved securities if taken by a bank l to secure It's loans.
 'I object to this scheme" said Mir Teller, because don't believe 1t will stop what Is proposed in this bill. l know there Is determined effort among bankers to make commercial | paper an asset upon which to issue money.
 | That there was no need for includ- i ing commercial paper among the secu- rities provided In the bill beyond the demand of a great many bankers that | that should be done. was asserted by Mir. Teller on the ground that the oth- CT securities were ample for the pur- pose of the measure.
 | What Is the great necessity for thir bill7' asked MT. Teller. T am told re- gently that if this bill was not passed the Republican party would be wiped l off the face of the earth. I think that | Is at the bottom of the new movement l for the passage of the measure. Fol l my part. l would not care if the Re- publican party was wiped off the earth.'
 T have no doubt that this bill will be passed" added Mir. Teller, "and my | duty will be ended when I have ex. pressed my objections and have voted against it."
 When MT. Teller concluded there wa. a lull in the Senate and no one rislns | to sneak Senator Dillingham;. who wal in the chair, put the question of tn, approval of the conference. report. | A chorus of ayes" responded. but before the negative vote was called fol MT. Owen of Oklahoma was on his feet MT. Teller said he understood ther, would be no vote today, but Mir. Ala rich declared that he knew of no sucl understanding. T hope" he said. 'I will be possible to take the vote to- day"
 sired to speak on the report, but Mir Aldrich, not noticing the Senator from Oklahoma. suggested that the vote b. taken. MT. owen. however, held ths floor and Mir. Teller called for q quorum.
 The opposition of Mir Owen to tho bill was because 1t provided for banl notes and not for treasury notes, and to the formation of associations bS banks with an aggregate of $6.00o.OOt capital stock, which he said. operates against small banks
 MT Newlands. of Nevada, followed briefly but the expected intense in terest in the Senate in the eurrenel , rrogressaS Senators fled from thi heat of the chamber and the exodus be : came SO general that Mir. Owen de [ manded the presence of quorum