Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-07-24
FACTIONS IN SENATE AND HOUSE
EAGERLY LOOKING FOR CAM
PAlcN ISSUES.
MONETARY LEGISLATION
HOPELESS THIS SESSION
All Factions Agreed That Monetary
Commission Must Be Abolished-En.
actment Of Comprehensive Currency
Measure Seems Improbable Con-
grsss Ignorant on Subject.
Special to s-Republican.

Washington. July 24.-That it will!
be utterly impossible to get any none
tary legislation passed before the next
presidential election is the belief that
has settled down over the capitol and
nearly everybody in Washington who
is hoping that omething will be done
before long to strengthen the banking
and currency system Of the country.
If there is one thing that has been
made more clear than another in the
extra session, it is that there is a gen.
eral disposition in congress to play
politics. Less is thought of among the
leaders in house and senate of putting
thru legislation needed by the public
than to gain d political point and put
somebody on the other side in a hole.
This spirit is the difficulty of the sit
uation just now as to getting any tariff
revision legislation. A large element OF
the democrats in the senate and housv
is unwilling to do anything that may
work out to the advantage Of the in
surgent republicans. The insursent re-
publicans are unwilling to strengthen
the hands Of the democrats. Insurgents
and democrats are trying to get Pres
ident Taft in a position of disadvant-
age. Regular republican leaders are
unwilling to do anything that seems
inconsistent with their action when the
Payne Aldrich bill was up and thus
everything is at skies and sevens.
In the regular long session which
will begin next December. the question
Of monetary legislation will be at the
front. 1t will probably be prominent
from the very outset OF the session.
The report of the monetary commission
will be made and there is no doubt the
monetary commission will he abol-
ished. Even the senate regular leaders
now admit the commission has to 60
With the adjustment of the commits
sion will probably go. to considera BILE
extent. the outcry against Aldrich. tho
there is no Disgusting the fact that the
Aldrich monetary plan will be open to
bitter attacks SO long as it is before
congress. The mere name OF the former
Rhode Island senator will draw fire.
But when it comes to trying to enact
comprehensive banking and currency
measure next session. it will be found
impossible to get far. Congress is is-
rorant on this subject. to begin with
The suspicion of the national reserve
association plan in congress is wide
spread. 1t is widely felt that somehow
the control of it in the last analysis
will rest with few big eastern insti-
tutions. And then. on the eve of
presidential campaign. any form Of
centralized banking Will be roundly
abused for reason OF pure politics.
Col. William Jennings Bryan has en-
tered the lists with banking and cur
rency plan. 1t does not look now as If
congress would ever be induced to take
1t seriously. Still. it will help to muddy
the waters round q subject that does
not loom up with much clarity at best.
The mere fact the most Of the banks
are for the Aldrich plan or the plan OF
national reserve association will be
used by politicians as a reason for
finding fault with it. President Taft
will sanction the Aldrich plan or one
closely like it and this will be the sig
nal for his enemies in congress to tear
it to pieces. House democratic leaders.
too are likely to try to work out some
scheme Of their own and in the null
tiplicity of propositions and the shad-
ow of big politics, there will be failure
20 get anywhere The most that can be
said is that the discussion of the sub
ject in congress and the press next
winter is likely to have its educational
va Inc