The Washington herald., 1910-05-11
TAFT And ALLIES
DISCUSSPOSTALBILL
President Certain of Agree
ment at Early Date.
COMPROMISE ON PROVISIONS
VIII Further Allow that Deposits of
Postal Funds VIII BE Secured by
tive Urges Party to Pass Measure
in Compliance with Platform.

Having succeeded in bringing the Re
publicans Of the House together on the
railroad bill. President Taft is now try
ing his hand as a compromiser in CON
nection with the measure providing for
the establishment Of a system Of postal
savings banks.
The subject was discussed last night
at a White House conference Repre-
sentative Weeks. Of Massachusetts. chair
man OF the Committee on Post-ofIices and
Post Roads, and Representatives Card
ner, Of New Jersey. and Fassett, Of New
York, members Of the committee. went
over the postal savings bank bill with
the President with the result that an
agreement is expected on il at an early
date. ConServative members Of the COM
mittee have insisted that the funds Of
postal banks should be invested in gov
ernment securities as proposed by Presi-
dent Taft
Remain I'm Communities.
The Indications now are that the bill as
reported win provide that postal deposits
TO the extent of 30 per cent will remain I'm
the communities I'm which they originated
and the other % per cent invested in a
new issue of bonds bearing the face value
Of s2i and multiples thereof. from the
proceeds of which the government shall
take up 3 per cents now outstanding.
The compromise VIII further provide
that deposits OF postal funds shall be Sc
cured by government bonds and ether Sc
curities against which the taxing power
shall lie. u has already been decided by
the Mouse committee that the board OF
trustees created by the bill shall deter
mine whether deposits shall be made in
first-class post-oflces only or accepted az
post-ofices OF all classes.
President Taft told ms callers that IL
was incumbent upon the party 10 pass a
postal savings bank bill in compliance
with the Republican national platform
The compromise provision considered az
the conference will be made the subject
Of a discussion at a caucus OF the House
Republicans soon 70 De held
Awaits Embassy Note.
President Taft viii not name a special
envoy 70 represent this government al
the funeral Of King Edward VII until
he has received official notification
through the British Embassy here OF the
date OF the obsequies.
/ At the White House last night IL was
said that no such official communication
had been received from Ambassador
/ Bryce. and that. consequently. the Presi-
dent had not considered the matter.
/ II Is pretty we'll understood, however
that Mr.. Taft will name Col Roosevelt
when the proper time comes.
The cold which begun 10 bother Presi
dent Taft Just about the time when ht
| finished his last trip 10 the West was q
| little worse yesterday. and the President
/ was quite noticeably hoarse.
The cold~is not al all serious. but it i'
/ uncomfortable and bothers the Presiden
quite a little. He gave UP his contem
plated automobile ride yesterday after
| noon. partly on that account and partly
/ because Of pressure OF business, and re
mained at home during the evening try
/ ing 70 shake II of.
! The President got back yesterday afte
/ his trip 10 New York and Passaic. y. J.
/ ready 20 stay at the White House proba
/ bly, until Congress adjourns. With tw,
( contemplated trips wiped from the slat
OF travel, the President now has but on
more journey in view-to Detroit, Mich.
and Ada. Ohio.
This trip was to be taken early in June
but It is believed will be called off. TIL
| President intends from now on 70 devot
his energy TO putting through his legisla
/ tive programme.