The Washington herald., 1910-01-22
AIRPOSTALBANKBILL
President and PenrOse, Car
ter, and Crane Confer.
TAKES A FAVORABLE ASPECT
Aldrich Expected to Use Power 10
Get Measure Through Senate at
Early Date-Taft Hopes for Success,
Believing Deposits Would Enable
Government to Refund Its Bonds.

President Taft had talk yesterday
with Senator Carter. Of Montana; Sena-
tor Penrose, Of Pennsylvania, and Sena-
tor Crane of Massachusetts. about the
pending bin providing for the establish
ment OF United States postal savings
banks. Senator Carter Is the author of
the BILL while Senator Penrose, in addi-
ton 70 being chairman OF the Senate
Committee on Post-ofices and Post Roads,
before which the bill is pending. repre-
sents a State where the private savings
bank interests are very large. Senator
Cranes State, Massachusetts,. has extern
slve private savings bank interests also.
The conference marked the beginning Of
the Presidents campaign for a savings
bank law.
1t was said yesterday after the con-
ference that Senator Aldrich's opposl-
ton 10 the postal savings bank bill had
been mainly on the ground that he be-
Heved It was unwise to adopt any legis-
lation having a bearing on the financial
system OF the government until the ma
tional monetary commission had sub
mitted its report. and was prepared TO
present a measure for general monetary
reorganization. probably in the form Of
bill for the establishment Of q central
bank.
There IS every reason to believe that
Mr.. Aldrich came around to Mr.. Taft's
view, and will use his powers 10 put the
postal savings bank bill through.
Would Help Federal Debt.
One Of the arguments advanced by
President Taft in talking with Senators
whom he is anxious 10 convert TO his
support OF a postal savings bank bill is
that postal banks. with the enormous de-
poslts. will give the government a suf-
ficient amount TO redeem the $60OWo.OOO
2 per cent bonds, which have troubled II
for some time. The governments efforts
10 maintain these bonds at par has given
1t much concern, and 1t would Ike to get
the bonds back IN its own hands again.
England's postal savings banks have de-
posts aggTegating about S700. 900, 600. and
administration officials contend that sim
liar institutions in the United States should
ultimately obtain deposits amounting to
S1,OOO.O00.O0O.
President Taft yesterday decided 70
attend the Lincoln dinner to be given by
the Republican Club OF New York at the
Waldorf-Astoria Hotel on the night OF
February u. Lincoln's birthday.
Meets Distinguished EngIishmen.
Ambassador Bryce, Of the English En-
bassy, called at the White House yester-
ggx stvfer N 7
Burleigh and Sir Daniel Morris, OF Lon
don. Among the other callers at the
White House during the day We're Sen
ator Ellzins, OF West Virginia; Secretary
OF state Stuart F. Reed, OF West Viz
gtnia, and Virgil a. Highland, a prom
inent business man OF Clarksburg. W.
Va
Charles D. Wood, Of Name DR.. A n.
Cook. Of South Dakota; George L. Elan
ders, assistant commissioner Of agri-
culture Of New York, and Or. W. NJ.
Allen, OF North Carolina. representing the
Association Of State and National Dairy
and Food Departments, called on the
President to present a petition. The
nature OF the petition was not given out,
but II Is said to contain suggestions for
numerous changes on rulings on food
preservation as made by DR.. Harvey
Wiley. Chief OF the Bureau Of Chemistry,
Department Of Agriculture
y conference was held yesterday be
tween President Taft and Postmaster
General Hitchcock and State Chairman
Hanna and National Committeeman Jack
son, Of Maryland, in connection with the
collectorship of internal revenue at pres
ent held by Philip Goldsborough, cover
ing the States OF Delaware, Maryland.
and the District Of Columbia. Senator
Du Pont and the Delaware Republicans
are after the appointment, believing that
they are entitled 10 it. as the place has
been given TO Maryland for twelve or
fifteen years. The question has not been
determined.