The Washington times., 1910-06-21
PRESIDENT TALKS EMPHA
Some Advice to LEGISLATORS.

-S' u-icoS NOLSIeSS passed the postal
the House.
Some Advice to Legislators
Before the Cabinet met this ulo-nf7r
ne President had called in a long lfs-
o- senators and talked % them ike a
uncle He told them the postal savings
.4lA pledge was IN the platform ani
-aa 20 ne observed He said FOR hiz
la-- ne would stay here all summer and
autumn II such course were 7aoss-
l-s %. o2-a-n postal savings legislation.
ne made IL clear he did not v-7s- ~
bil 10 20 10 conference Tor The -azz,-
llat u u did there would be EeIa- "a
-oZe'-y 5-ore a 7il such as he could no. ap-
! The President. so far as known. 5-s
; @ 10y H1enlion the subject OF calling con-
EreSs iE extra session. Hrt -rrC-e -
Z learned how he felt abovr f- coz 49,. t--.
IErsS.on rra- something ~ -1a- s--
-.ElJ ne % store - the session er5sf
"---o-I postal savings measure
Condemns Senate Bill
Not only did the President tax % his
-e-.z-7 a7e-- me need for enactment OF
@-a- savings legislation. bur the Som
@-e N--- was condemned in severe terms
r. was given C-- thar The r,-as5--.---
--0k5l on the Senate bin as rr---fzs
y mar some OF the Senator'S were told -Is
{
-. ana also f1ar i- conferred s0er-aT
lflt .-eEeS on the banks on The ---Lz-
ttHG- me House bin was Sf-0-e--,- -
proved and the fact thar III vs. -s1-r-
..one1 ny a caucus NJ the E0-r-~ ra0rrD-
leans was mentioned as greatly in rs
Among the Senators called in wen.
Crane. Lodge, Ellzi-s. Stephenson a75
tnEEenheiT- The President told rbsse
senators that the postal bill had TO %
Much Of the objection TO the poz-al
savings bin, in any form. comes from
Ne" --ns-and- This explains the csI1f--
IN o. the Massachusetts, Senators II
mas been declared that promise had
oeeE given that New E1Eland was not
10 be given any postal SAVINGS bs-,-,
and that only in consideration OF this
would the New England men support it
Report Is Denied.
This Is strongly denied at the vy--l.s
House T. IS said there thar nobo5J-
could give any such assurance bur -ra
President, and that he has not rf,-er II
At the White House II was said thar
the Senate bin was based on u1sound
principles, whereas the House bill vas
sound, from the standpoint OF good
banking.
II was given out as the White House
view that ii was silly OF the country
bankers 10 think that mOney. could be
prevented from flowing 20 the large cen
terS simply by provision that the Dos
tai savings funds had 90 he kept on de-
post IN the local banks and r1r v-5-1--
drawn. thar the country banker vvsz
NOT enLllled 10 any special cOrsfTn~qrf0r,
IN respect 70 the disposition OF t-ass
LanCS- ana, that the provision Of -ra
senate bin which provides rHa- 10
banks snail give indemnifyinr bonds aS
security for deposits OF postal ss-f--s
L-h-S s Objectionable and not ar an
satisfactory.
Opposes Bond Plan.
The President does not think thar The
inoemnityinE bond is a proper security
Tor the funds at ALL and he does nor
want this feature in the bill Moreover
II IS declared 10 be rhe White House
view that the surety bond COMPANIES
are diligently promoting the use Of the
luQemnifyinE bond.
IL was given out ar the White House
IHat yesterday group Of Baltimore
surety bond Companv reoreSerrs rT,-ss
nad oeen IN Washington urging the use
or the Undermining bond as securify
Tor postal savings deposits and had bee7
d. tne White House in pursuance OF
their mission.
The White House attitude is rhs- f+
IS the surety bond people who are chief
~ concerned about the use OF these
BONDS as security FOR postal savings
funds
Like Roosevelt Days.
Some one remarked today that the ac-
tivity OF the President with respect 70
postal savings banks was a reminde-
Of the DAYS Of Roosevelt, when thar
parsonage was engaged in .-lambast-
inc" Congress and failing every hsad
tEa- roiled itself up out OF the r0oF
or Tho Capitol
IN addition 10 calling in Senaro~s. IN
the postal savings BILL the President
called ia Senstor Bailey who Is ff5usr-
ering against the bin 70 increase tie
engineer CORPS.
Senator Bailey was evidently u-aov-
ed when he IcIt- lie declared Congress-
CONTINUED on Seventh Page)