Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-11-10

come that the advocates of the PROPOSE
| ton were forced. much against their in
| clinations. to realize that any resolution
designed to express the sense OF the con-
plan would fail So It was dropped.
Not only this, but IL Is realized tina,
President Taft's speech on the subject al
Boston-the first policy utterance OF MS
swing around the circle-fell absolutely
| fiat.
Mr.. Aldrich has said that he does not
know chat recommendations the none
tary commission will make, and other
members of that body have expressed
themselves to the same erect. Grantne
| this to be true, It Is nevertheless reason
| able to suppose that the body will be IN
fuenced to a considerable extent by the
views Of three Of its leading members
Mr. Aldrich, who, as stated. IL generally
supposed to favor the central bank plan;
Representative vreeland OF New York
chairman of the House committee on
| banking and currency, who. through Q
speech made not long ago, STANDS com,
| United to the central bank plan. ano
Senator Burton OF Ohio. who, 10 certain
extent is in the same boat.
Mr. vreeland succeeds Representative
| Fowler OF New Jersey as chairman OF the
committee in question. He Is q man o.
| influence in the House and joint autnor
rency legislation that followed the panic
| OF two years ago.
Sounding Western Sentiment.
Mr.. Aldrich undertook the trip on which
| he is at present engaged with the idea OF
ascertain.nR, at first hand. the drift OF
sentiment in the middle west toward plan
of currency legislation and with particu-
lar reference to the central bank IDEA.
The Rhode Island senator has MADE
comprehensive study Of the. financial
~ no tmnOTtant
eign governments. most OF which,
not all, have central institutions for the
issuance of bank paper, and is unoer-
stood not to agree with these opponents
of the central bank plan who claim thas
while il may work well and smoothly
abroad, 1t cannot successfully De Trans
planted to the United States.
However, he has not held that any par
I'ticuIar central bank plan could be trans
planted in its entirety to this country,
but has indicated that he believes In the
principle of the proposition. leaving tne
details to be worked out to Mt the needs
and peculiarities of the money CONDITIONS
of this country.
Evidence Of Cold Comfort.
1t seems to be the idea here that Mr.
Aldrich will find cold comfort for the
central bank scheme in the section which
he is now visiting. and that all the con-
ditions point to absolutely no legislation
along financial lines at the coming ses-
sion Of Congress. There Is no prophe,
who will venture to suggest whether or
not a special session of Congress Will De
necessary to tackle this question. whlcn
is more important and even more vexing
in it's qualifications than the tarfn, mas
much as there Is ordinarily little time TOT
aught save the regular money oiils at
a short session Of the national legislature;
but it seems to be certain there Will be
nothing doing in the near future.
Undoubtedly, however. the results OF
Mr. Aldrich's trip will have a great deal
| 10 do with the time Of filing the report
| of the monetary commission and the SUB
| seouent activities of Congress in the mat
| Ter.
Fowler on the Warpath.
Dispatches from the west announce
that Representative Fowler, former
chairman of the committee on banking
and currency. and opponent Of Senator
Aldrich's central bank scheme. is on the
warpath. He secured Senator Aldrfch's
itinerary IL is said, and Is beating him
to it, by going around the circle and
| talking with bankers before the senator
| lights in town.
| He made a one-night stand in Mime
| apolis rounded UP the bankers and talk.
| ed anti-central bank on the very eve OF
the senator's arrival. He announced that
| he proposes to take up the cudgels In
| Congress early in December, and make a
| speech against the Aldrich scheme.