Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-05-26
POSTAL BANK LAN
IS NOW ASSURED
REPUBLICANS TO VOTE FOR UN-
POPULAR MEASURE TO RE-
DEEM PARTY PLEDGES.
HOUSE CAUCUS INDICATES
OPPOSITION WILL CEASE
No FaetionaI Politics to Enter and In.
surgents and Regulars Will Attempt
to Carry Out Platform Promises =
Caucus Concludes Only Portion Of
Work and Others Will Be Hold.


Work and Others Will Be Hold.
Washington, May 26.-Postal savings
banks are assured The house Of rep
resentatives will pass the bill modelled
upon the Gardner measure, which was
approved by the house postoffice COM
anittee and indorsed by the administra-
the phraseology, but the essential prin-
ciples Incorporated in the Gardner bill
probably will be adopted.
This situation, surprising in some
opposition to any postal savings pro-
posal, was apparent last night at a
caucus of the house republicans. The
caucus did not finish Its consideration
of the bill, and other caucuses must
be held until "a measure which all can
y support is framed. But such a spirit
of harmony, of a desire to discharge
the pledge Of the national republican
platform, however distasteful it might
be to some of the individuals present,
pervaded the gathering, that even the
opponents Of the proposition were
forced to admit that a bill of some kind
would be reported favorably to the
house for passage.
Missing Insurgents Favor Bill.
There are 217 republicans in the
house. There were 141 present last
night OF the absentees many are in
favor Of the Gardner bill. Fourteen
insurgents were among the missing.
These were:
wisconsin-Gary. Cooper. Lenroot,
and Nelson.
Minnesota Davis, Lindbergh. and
volstead.
Nebraska-Hinshaw and Norris.
Iowa-Hubbard and Wood.
North Dakota-Gronna.
Washington-Peindex
New Jersey--Fowler.
All Of the foregoing insurgents are
in favor Of the postal savings banks.
Some Of them are against the Gardner
measure Gronna, Hinshaw, Norris,
yolstead and Wood are counted as
supporting it.
One Of the leaders OF the insurgents
favoring the Gardner proposition Is
Victor Murdock, Of Kansas. No one
has scrutinized the bill with greater
care than he has. He has gone over
effect Of every proposition and search
ing for iokers. He has found none Of
The latter and does not believe they
exist.
No Politics in Fight.
The fact that the insurgents are d.
vided shows conclusively that the pos
tai savings is not matter upon which
either side will seek to play politics.
The strongest opposition to the pro-
posal exists among the regulars. 1t is
estimated that from 80 to S. per cent
of these men are either bank direct
ors or have some connection with the
great financial institutions. Their nat
,ral tendency would be to defeat the
Gardner or any other bill establishing
postal banks.
The democrats will vote for postal
savings. probably on the final roll call
They are opposed to postal savings to
a considerable extent because the cam
paign is approaching and the southern
states bankers or interests connected
with banks contribute largely to the
local campaign funds.
This shows that, so far as the house
of representatives Is concerned, postal
savings are not popular. It Is only the
belief that the people intend to have
such repositories that is responsible for
the disposition to act.
But such a reluctant attitude as the
members OF the house have makes 1t
imperative that every change they
make in the Gardner measure be
watched and considered with the ut
most care. An effort will be made 70
insert provisions which will limit the
operations of the postoffice and which
will tend to discredit this method OF
popular banking. Mr.. Nurdock is maxi
ing himself personally responsible for
every feature Of the bill, tho, it Is true,
some Of them originated with other
members, feeling that he would never
forgive himself if anything crept into
the measure which would render 1t in
nocuous or harmful.
Features Considered by Caucus.
The caucus lasted three hours. II
considered only the first four sections
Of the bill, the first creating board OF
trustees for the control, supervision
and administration of postal savings
the second directing the postmaster
general to prepare and issue special
stamps for use in the transmttal OF
free mail resulting from the adminis-
fration Of the act, the third authoriz-
ing the board Of trustees to designate
postal savings depository offices. and
the fourth prescribing the persons
qualified to open accounts.
AS many as fftyseyen amendments
were offered, many relating to the des-
dgnation OF the offices that should be
the repositories. Most of these> were
rejected, and no changes Of consequence
were made.
The caucus will enter the realm OF
dispute tonight when it must consider
the section relating to the disposition
Of funds deposited in postal savings
repositories The Gardner bill provides
= 81
that 41N Per ccftt oi poss.-- Evil kS
shall remain on deposit in the banks
in each state and territory where made.
This IS ot'erlficient, in the view OF
many members OF the house. who will