The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-03-05
NAY PASS POSTAL BANK BILL
SENATE LEADERS SAY 20 AFTER
COUNTING NOSES.

. AshfSoToN, March e.-hepuble1n
( leaders in the Senate feel tonight tina
'hey have the situation IN regard 20 the
postal savings bank bill well in hand
and that the hill will be passed to-mor-
row A. Of Old. the Democrats will
pull The Republican chestnuts from the Are
| Yesterday the twenty-five Democrats
IN the Senate voted solidly with the Re-
publican insurgents and several other
| Republicans who heretofore have stood
by the organization. and the comb.
nation apparently had control of the ait
, uation ~ regards pending amendments
to the hill.
The organization leaders were con-
s'ierably alarmed over the prospect.
hut tonight they have counted noses
and say that the Cummins amendment.
advocated nv tho insurgents. will he
defeated the Snoot amendment pa SOD
and the hill finally accepted. II IL under
stood that AZ least Ave Democrats have
| s'gnihed their intention Of voting II neces-
sary for tho Smoot amendment. which
! IA supported by the Administration. and
against the amendment introduced nv
Insurxen- Commine None OF these
Democrats will vote for the bill itself.
hut II is believed that u the tangle over
the amendments 10 straightened out
to tho satisfaction OF the Administration
most Of the Republicans who have baked
. will feel obliged to vote for the bill.
The Republican leaders were ready 10
/ put the amendments and tho bill itself
I TO q vote lateyfhis afternoon. but Senator
( Ia Toilette served notice on them that
II they attempted 70 do thls he would
| speak all night Such a prospect vas too
I l.
they CONSENTED tn a recess until Iitj
O'Clock Tomorrow morning, Az far as
the Senatss of8cial day 10 concerned. ~
- still Thursday. the agreement having
heen To take the measure up on that day
and continue ~ until q vote was reached
before the close Of tho Legislative day
What senator La Follette's purpose
was m insisting on q possponement 81
| the vote can only be surmised. II 10
supposed that the insurgents knowing
that the Republican organi zation had the
votes to put the measure through. are
playing for time in which to lay further
plans. IL was said. in fact. that the in
surgents will INTRODUCES another amend
ment " the Cumrnins amendment 10 voted
down
The Cummlna amendment proposes 10
.
hank funds for investment IN Govern
menH securities 80 a time OF war The
Srnoo: amendment which will probably
10 passed gives the President the power
to invest the funds IN Government bonds
in times Of war and in other exigencies
IN wh,ch the Governments credit may be
involved
The new amendment which the insur-
sWevpNtNaa unnrnanm
will restrict the Investment Of the funds
to bonds that pay more than -. per cent.
Til" acceptance 81 this amendment
u ould prevent the Use Of the postal saw
inEs hank funds to take up the 500. 600 900
Of per cont bonds now held by the
national hanks as security for circulating
notes. which President Taft has already
said IL one OF the purposes to which the
deposits ought 10 be applied senator
Ia Toilette n said 10 he pruning himself
for a speech and IL Is likely that he will
deliver u tomorrow.
The skirmish over the postal savings
hank hill has had the effect Of bringing
the insurgents in the Senate more clearly
into II ght and has enabled President Taft
to Judge more accurately Of their pur-
poses and intentions toward his Admin
istrauon The President is convinced
nov. " 10 understood. that the leaders
Of the insurgent movement in the Senate
are og' 60 emharraas HE Administration
in every wsy possible and TO defeat his
programme 81 legislation In fact he
feels that these insurgents are dong nov
exactly what they said only few months
ago that senator Aldrich and speaker
Cannon would be doing as regards the
Administration programme Of 'egi--
lauon To White House callers the PTesi-
dent has said that u the insurgents sue
ccec n ihe.r hght against his programme
the HOUSE ~ Representative - VerV
lik",v TO 60 Democratic The President /
10 repre- snt-d a. being AZ a loss Ia under I.
ftand IlIsi " hat the insurgents are work I.
ing Tor unless ~ - solely 70 emba rr7ss
Tho Aiininistrat ion. for - ~ pointed cat 4
thaf with IN. Horse Democratic and .
with the senate still Republican there
would T." u" legislation. progressive 81 .
Now that the lines between the Admin ;
lsiratiou and tine insurgents have been
drawn more CLOSELY va the postal savings
tank skIrrntsh. u - likely that the Presi-
dent will have something To- saw on the .
subject lie leaves on a nine day trip on
March ~. which will extend as far west as
Chicago and he will probably make his 1
ews known on this trip. The President
- said to be considerably aroused over I
the tactics that have been employed I
toward the postal savings bank ball and 1
the railroad bills but II he does say any
thing u will he sharp and 70 the point.
The President's friends believe that -
will he only q question OF a short time
when he viii feel Obliged 90 take n decided
stand in the open against the Senate
insurgents. The most active OF the in
surgents are Cummins and DOlliver OF
Iowa. Bristow OF Kansas Ia Toilette OF
Wisconsin and Clapp of Minnesota.
II was a day OF OrAtoTy in the senate
SENATOR Root Of New York opened the
debIie on the postal savings bill with a
defence OF his amendment. which re-
auires that postal savings funds when
Withdrawn from the hanks shall be- in
vested only IN Government s~c,IrIties
SENATOR Root expressed himself. how
ever a. willing 20 accept the compromise
amendment offered by senator STnoot
Senator Root declared that without the