The Richmond palladium and sun-telegram., 1911-08-20
There Will Be Tariff Legis-
lation Without End and
Monetary Reform Ques-
tion Will Have Hearing.
FLOOD OF PRIVATE
BILLS TO COME IN
Attempt Will Also Be Made
Of Devising Some Method
for Government Control of
the Corporations.
(National News Association

(National News Association
WASHINGTON, Aug. 1e.-That the
next session of congress will be one of
the busiest in many years is already
foreseen because of the events of the
extra session
Besides tariff legislation without
end, Congress next winter will have to
wrestle with monetary reform sys-
tenn, a new code for the control of cor
porations, direct election of senator's,
and the big appropriation bills. There
will be flood of private bills.
These private measures will come
largely from the Democrats, who have
in the past years been in a minority
and in no position to demand recogn1-
tion of their legislative plans.
OF course the tariff revision will
be the paramount issue. The Presi-
dent has vetoed all the revision meas
ures which have gone to him during
this session
That means that the wool, the cot
mer's free list bills will go over They
will have to be dug up in the regular
session, and considered In the commit
tees and again reported out and pass
ed. If the Board does not report, they
will be again vetoed, provided the
President does not change his mind in
the meantime.
Expect More Revision.
And, in addition to the schedule
now before the extra session, there
will be some others. The Democrats
Is wen As the insargent Repdbliean1
are committed to the policy OF revis-
ing downward practically all the sche-
dulles placing a tariff on raw materials.
This policy embraces a number of i'm.
portant articles now being considered
for revision.
Probably the next question to be
taken up, that is, next in Importance,
is that of devising some method of
governmental control over industrial
corporations. This is problem which
has come before the country more
prominently through the Supreme
courts tobacco and oil decisions than
through any other matter.
At the time the two famous decis-
ions were handed down, the country
realized that unless something was
done corporate wealth would sooner
or later control the country. The su.
preme court declared that competition
must exist, but the industrialists de.
clare that competition cannot exist
They say that, instead of competition
being the life of trade, it is the death
of trade.
In other words, it is evident that
some code must be enacted that will
give the federal government power to
regulate monopolistic corporations. II
may even be necessary to give the
government supervision over the pric
es of commodities. This is seriously
talked about, and even though it is
thoroughly Socialistic, it appears to
many congressman that this must ev
entually be resorted to.
Meet In November.
The senate committee on interstate
and foreign commerce has decided tc
hold hearings in November to deter
mine what must be done as prelimi
nary to his new governmental policy
These hearings will of course imme
diately precede the reconvening o
congress, and it is planned to make
some kind of report by the first ol
the year.
Already the monetary commission
has announced that it will submit its
final report on currency reforms a,
the December session of Congress
This will result in half dozen bills
for financial reference. Nearly thai
many measures save even now beer
proposed.
The Aldrich monetary plan is nov
looked upon as the issue. 1t became
known as the Aldrich plan through
the fact that the then senator from
Rhode Island fathered it as chairman
/ of the monetary commission. He hal
proposed in general way, for reservt
banking associations in all the larg.
financial and business centers of thu
country. These associations are ex
pected to serve their communities
during periods OF financial stres.
/ just as the new clearing house asso
citation did in the last panic.
There will be still other monetar,
plans proposed. The Democrats viii
want advice in the new measures. ant
bein in control of one house, they viii
be able to force a compromise, At an,
rate.
reform currency systems at this time
the general impression is that ther,
viii be no currency laws passed unit
after the next presidential campaign
Neither party is keen TO proceed wit!
(Continusd on Paes Eight