Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1910-05-13
AFFAIRS IN WASHINGTON.
President viii Not Urge Central Bank
9lll-Postal Savings Bank Bill to Be
Reported Soon.

Reported Soon.
Especial Correspondence Of The Phnnixl
Washington, d. c. May IL.
Opposition to a central bank, which
has been widely voiced, is greatly allayed
by President Tafts official announcement,
through his secretary of the treasury,
Franklin MacVeagh, that he is not in
favor of such an institution at present.
1t is not expected that the President will,
In the near future, advise a change in the
present banking system which might, he
fears. unsettle the financial world. 1t is
therefore unlikely that a currency bill
will be presented in Congress this year so
that this disturbing project. which was
suggested by Senator Aldrlch and the
monetary commission, will be set aside
possibly to be brought up at the next
session OF the present Congress.
The railroad rate bill passed the House
yesterday by a large majority. Repub-
leans from New England, together with
Democrats and western insurgents, were
finally able to defeat the merger amend
ment, supported by Chairman Mann, who
had the bill in charge.
This amendment was especially object
ionable to New England congressman,
who fear a law that would permit one
of the well known New England lines to
consolidate steam, electric and water
lines.
The bill will not go to conference. but
just when or in what shape it will come
out is much mQOtcd question. The Senate
has discussed this measure and it Is
understood that they Will insist upon GER
tain amendments Of their own, which are
likely to be strenuously opposed by the
House conferees. whoever they may be.
1t is the intention of the administration
senators and representatives. to push to
vote the sO-Called Taft measures to
the end that there shall be as early an
adjournment as possible
The House will vote Monday on the
resolution changing the date of future
inauguratiOns OF presidents and vice
presidents of the United States. The
resolution fixes the date as the last
Thursday in April and changes the
terms of both the President and Vice
President as well as those of the mem
bcrs Of Congress. This measure will
have opposition from Congressman who
are loath to interfere with what they
consider a constitutional precedent, If
not law.
The experience, however. with past
inauguration conditions will influence the
vote on this resolution changing this
ceremony to more convenient and
mildrr season of the year
The postal savings bank bill which will
soon be reported from the House post
office committee. will provide that %
per cent of the money deposited in postal
savings banks bee invested in government
bonds valued at 81 each the remaining 80
per cent. to remain in the locality where
the money is deposited 1t is thought
that these small bonds will be popular
with the people who will buy them rs a
safe Investment These bonds will be
used, according to the intent of the
provision, to take up the 81. pu.Oo1 worth
of three per cent bonds on call This
postal savings bank bin may encounter
a rocky way when it comes into the
House. 1t has been changed by the
committee from the original idea Of the
President. but the latter may approve it
and in the event of its endorsement by
a Republican caucus it probably will
become a law in some form
Nice-P President Sherman has agreed to
deliver "A number Of speeches this sum
mer in aid of Republican congressional
candidates. He will 20 West next week
and he has agreed TO speak to the Repub-
lican editors at Saratoga Springs June
2
Whether the battleship Maine was
blown up by explosives from the outside
PRESIDENT