The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1908-01-24

supposed could be possible q few
weeks ago. Speaker Cannon has now
consented that such legislation should
be enacted as soon as may be conve-
nient and has signified his intention
Of taking up such a bill as soon as
it is passed in the Senate. The Sen
ate finance committee is meeting this
week and considering plans outlined
during the holidays, chiefly by Senator
Hale, Of Maine, but to some extent
also by Senator AIdrich, of Rhode Is
land, the chairman; and Sepator ALI
son, Of Iowa. I: is a foregone con-
cIusion that the committee will vote
against any schemes for guaranteeing
the deposits in national banks, or for
q central bank Of issue, or for asset
currency. It will eliminate every plan.
except one for an issue Of about $780,
900 900 of emergency currency in time
Of financial stress This issue, as the
situation looks now, win be taxed
about seven per cent. a year and will
be allowed for such national banks and
in such sums as the United states sub
treasurer for the district in which the
bank is located may determine. It IS al
together likely that the bill. as finally
framed by the committee, win allow
the use Of state and municipal bonds
as a basis for emergency circulation
but that all other bonds than govern
ment bonds viii be excluded
This is the most important matter
the Senate viii have in hand this
week. It adjourned Monday, immedi-
ately after assembling, out Of respect
for the late Senator Mallory, who died
in the South during the holidays. The
bill viii probably be reported out Of
committee next week Senator Al
drich is busy pacifying and hypnotic
ing the Democratic Senators so that
they will allow the bill to slip through
without extended debate. He is the
most successful harmony man on the
Republican side and has made 1t easy
for many a bill to pass by dissuading
the Democrats from debate. Just now
it looks as though the generally ex-
pected debate on financial conditions
might not materiaIize in the Senate or
House. although three or four weeks
ago Democrats were preparing ma
teFiaI for long winded speeches. taking
the Republicans 10 task for dissipat-
ing the prosperity Of the country. But
II seems as though the Democrats
were becoming lazy about speechuak-
ing. One can not make a powerful ad-
dress in Congress, as a rule, without
considerable preparation and there are
so many other matters pressing for
attention that time becomes more Of
q precious thing IN Washington for
Congressman.
There is no way Of suppressing de-
bate in the Senate. except by moral
suasion but Speaker Cannon has
planned all along TO gag the House,
where Il is not a difficult matter. He
can not we'll shut off debate on ap-
preparation bills. which may explain
the delay about preparing these meas
ures for consideration.
NAVAL AFFAIRS STORMY.
It is quite likely that one or both
branches Of Congress VIII witness some
lively scrfmmage over navy matters,
for the President has virtually thrown
the gage down 70 the Congressional
hackers Of Admiral Brownson in the
fierce bureau quarrel with Admiral
Rixey. He has written two letters 10
Secretary Metca1f. which have been
given 10 the public, setting forth his
views emphatfcalIy and upholding the
stand taken by his family physician.
Dr. Rixey, chief OF the Bureau o.
Medicine. All during the week after
he returned from his Christmas vaca-