Daily press. [volume] (Newport News, Va.) 1896-current, 1908-01-05
aaaasa and Senate Leaders Feal
Party Must Make a Racofa.
IARE FEARFUL Of MONEY SCARE
No Financial Legislation Unless Both
lie,ses Agree on Just How Far to
aocannon Anxious TO Work.
WIN Aid Any Candidate.

WASHINGTON, ID. c., Jan. A.
Sneaker Cannon and Vice President
Isairbanks, each as leader of his re-
sppctive house of Congress and both
III presidential candidates, are about
10 join hands with thor colleagues
In the House and Senate to save the
Republican party from political dis-
<aSter They are preparing TO sub
lacfge their own political ambitions
temporarily and work for their party
on the theory TINT unless this Con-
s ssress, which will reconyene makes
81 record which shall include
Meditation to mend the financial
condition OF the country. men who
are being prominently mentioned for
the Republican nomination for Pres
ident now will DO running away from
Tint nomination when the Republican
convention meets next June.
The scare which has come to the
Republican leaders of Congress be-
cause of the money strlngency has
been emphasized by events within
\ the last few days One OF them Ia
& the ieceivership for the Seaboard Air
LANE, This scare Ia political rather
than the result of any idea that the
( county 10 going into prolonged hard
7umea. The fenr of the Republican
leaders lies rather In TIE fact that
repcuon from the present disturbance
VIII be slow and that Its reaults may
e not i,illy accrue In time for the polit-
3 icai harvest next fall. For that rea-
son, rs n loader OF the House said to-
lly, Uncle joe Ia ready to take OF
nis coat and work for Secretary Taft,
Goyernor Hughes. Vice President
4 Fselrranks or any other candidate the
llnsepuhlicans man namo for President
me hrst consideration is to make 1,
certain q Republican can be elected
PRESIDENT when nominated.
Financial Legislation.
What will be done In the way of
financial legislation depends some
&. what unon what Senator Aldrich
brings back to washington. The
lthods Island Senator left washing
ton before the recess with the ayow-
ID purpose OF trying TO find out just
AZ 9 It..ssssofie matter yis,h the coun-
lsifv fiismcialty and 10 dr,,W-a bin
which would remedy tho situation.
Nobody In Washington now pretends
10 know what form this bin will take.
+ lSeiore he left Washington Senator
Aldrich got the Views of the House
leaders In n general way which In
dictated how far they would go on the
subject of central bank. asset cur
fenry and other suggested remedies,
and when he returns he will confer
With SENATE and House leaders.
In the meantime Speaker Cannon
{ and many Senate leaders are deter
s1nined that there shall be no agita-
atiQn OF the financial situation in Con-
iyFess.
Various remedies have been
bfoached by many substantial organ
iRations and by the press" said q
House leader today. This agitation
MSS ayailed nothing, If we permit
bill for a central bank or asset cur
fency to come up In the House at
this time the friends OF such meas :
lsrc will become excited and think
hey q re going to get that form OF
iegislation. n such bill passed the
ficli5es and did not pass tho Senate
he country would be just That much
SworaG Of for the agitation.n
The leaders OF both houses have
ccided that nothing shall be done in
{ Congress on any financial or corpor-
alton legislation until beth houses
: slgree in advance absolutely to pasS
the legislation. This determination
applies TO Senator Aldrioh's proposed
financial bill first of nll
This IS no time to be trying to find
the man who made the hole the RE-
lican party now finds itself In, say