New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-09
Iron TIE Tribune Bureau. I


worth rNCrJ-pr, STATE BANKS
The National Monetary Commission. as III
dicated 10 some extent by Senator Aldrich
in New York recently, Is seeking 10 oe' 80
method whereby the benefits Of the pro-
posed National Monetary Association my
be placed within the reach OF all s'"'e
banks which have attained 10 sufficient s'"0
to warrant H. II is believed this can w
accomplished without serious difficulty. VI
course. the two points 10 which cher AT
tenticn would be directed IN such scheme
would be. first. tho resources OF the banhS'
and. second. some method of examination
similar 10 that now performed for the na-
tional banks by the national bank exam
iners. This extension of the plan will meet
tho views OF a considerable number or
members Of Congress who have hcsita'ed
10 commit themselves untll they were salts
fed that tho commissions scheme Wouu
not work a hardship to the state instl'u-
tions. Those who have given serious cor
sidera,ion 20 this subject are convinced
that such state banks as avail themselves
OF the privilege will bo abundantly COM
pensated by tho Increased confidence Which
they will enjoy as result 1t is note
worthy in this connection that many sta'e
bankers have already warmly indorsed 'ne
scheme outlined by Senator Aldrich ana
which is OF course in entire harmony WIN
the views Of the commission az who'e'
Last friday the state Bankers Association
II Louisiana formally Endorsed the COM
MISSIONS plan. and others have done 40 ne
fore II is the opinion Of some of the
Southern members Of Congress that, with
an extension which would admit state banks
10 the proposed association. the South. ow-
ing 10 certain conditions which prevail
there would be benefited moro than any
other section. After the adjournment Of
Congress several Of the members Of the
commission will accept invitations TO visit
certain commercial centres and explain the
plan. In the mean time arrangements are
being made by several banking and COM
merciaI organizations 20 visit Washington
~ explain their views 10 the commission
and TO examine the plan under considera-
ton at first hand
DEMOCRATIC TROU S-Despite the
determination Of Speaker Clark and Chair
man Underwood TO save at least one-haif
tho existing duty on wool there are indica-
tious tonight that the movement for free
wool will got away from them. and that
the caucus proposed for next week will not
be amenabc to the leaders. The Demo
cratic members of the New York delega-
ton net to-day i'm caucus and voted IS TO I
for free wool and later in the day the New
Jersey Democrats caucused and voted TO
/ for free wool. The thought Of free wool
letr 20 ba ~ McCcrc Clark
and Underwood. They believe tho party
will thereby lose almost the entire farmers
vote IN the Middle West and that all their
pretence of aiding the farmers by putting
implements and other things used by the
farmer on the free list will 20 for uaught.
This phase Of the situation is 70 them even
more serious than the fact that to place
wool on the free list would curtai the
revenues by not less than s0.c0,n1o The
Democratic leaders have recognized all along
that there was a large amount If free
wool sentiment in the House. but they had
planned 70 hold caucus and by that means
to bind tho dissenters 70 the % per cent
proposition. r.. however. 2 sufficient mum
Der Of delegations follow the example If the
New York and New JArsev Democrats. the
general caucus will certsinlv get away from
Speaker Clark and his associated leaders,
All Of which nav result in an adjournment
of Congress much earlier than has been
expected.
Or-TDQ TOM REFD.--It was expected
that the Democrats Of tho House would
warp the rules and parliamentary proceed
ure Of that body whenever occasion re
Z ,,,I
member was prepared for the hich-hand.d
exhibition afforded TO-DAY. when amend
ments we're proposed to tho pending Farm
ers Free List bill, an exhibition never
eaualled by Speaker Reed or any Of his
successors The bill was taken up under
the I'VE minute rule. supposedly for amend
ment Within thirty minutes IL became ap
Parent that tho chair. occupied by Repre-
sentative Alexander, Of Missouri. would
recognize M amendment as Geru1are. II
vas only necessary for Mr.. Underwood or
some other Democrat r. make point Of
order against any amendment TO secure
its immediate rejection without a vote. II
mattered not how relevant the amendment
might he Mr.. Alexander mad only the one
observation TO make: The chair sustans
the point of order II was not for the
chair 70 sag why. twas his but 70 do ~
/ die And the chair performed in man
nor so artistic that the engineers If the
Democratic steam roller voted Mr.. AleXan-
der an admirable chairman. IN vain DID
NEUTRALITY-SUSPICIOUS.. such as the minority
leader. Mr. Mann: ex-Speaker Cannon and
Representative Asher Kinds. protest against
the unprecedented and unexplained rulings
! HIGH-HANDED PROCEDCRE.-Amo
the amendments howIed over on mere
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