The Washington times., 1912-05-22
CURRENCY MEASURE
IS HALTED SIMPLY
FOR PRESENT time
Generally Understood Spe-
cial Session Will Be Called
for Next Spring.

The movement for currency legislation
is by no means halted, in spite of the
fact that this session of Congress will
do nothing worth while In this direction.
The supporters of the Aldrich banking
plan, for a central reserve association,
amounting to a form of centralized
banking, are by no means idle.
On the other hand, they are looking
far ahead and are directing their cam
paign now to the Congress that will
meet after the new Administration be-
gins. 1t Is generally taken for granted
the next President will call Congress
In extra session in the spring of 1913.
Otherwise the next long session will be-
gin in December, 1913.
In any event the promoters of the
movement for the Aldrich currency plan
and related plans are busying them
serves In the work of organizing for
1913. Then they hope to exert such
powerful and concerted pressure on
Congress as to force 1t to enact COM
prehensiVe banking and currency legis-
lation.
Expect Delay.
About the only activity Of Congress
now that touches on the banking and
currency question Is the Money trust in
Is undertaking, but as to which there is
so much deliberation that the charge
Is freely made that the House leaders
want no poking up of the Money trust
animals until after election.
The National Citizens League. With
headquarters In Chicago, is extremely
active Just now in promoting the move
ment Tor banking ana currency reform.
Cutwardly, the league is not committed
TO any specific measure. 1t is. however.
favorable to a national reserve associa-
tinn AMI Is in effect promoting senti-
ment for the Aldrich plan CIR one close
ly akin TO 1t.
One method OF keeping the question
stirred up is to get State political con-
Nentions to adopt resolutions in favor or
non-partisan banking reform. Not less
than SIX state conventions have re-
Gently adopted such resolutions. Thc
Alabama Democrats, the Delaware
democrats, and the Republicans in
Arkansas, Delaware, Pennsylvania, and
Icy Ssw York. have declaIed for. banking
REFORM Of a non-partlsan sort.
Want 1t In Platform.
This movement to get the State con-
ventions conmitted to banking reform
Is going to be carried far this ycer Az
many state conventions will be commit
ted as possible. The natural sequence
VIII be 10 get the national platform to
come out IN favor OF comprehensive
banking reform. II this can be done
then a long step will haYe been taken
to getting the movement well started in
the next Congress.
, Tho efforts 20 get the present session
OF Congress to pass currency AMI
banking legislation have been pre-
lininary and desultory. 1t has been
quite plain that no legislation could he
forced through on the eve Of great
pOlitical canpaign The cha N Mons ~
currency and banking reform feel 1918
will be much more salutary tirne than
now for such legislation. Congress will
now. and besid IS the date for the OK
rtration of the emergency currency law
v i'll be mead and the pressure for some
thing t. take its place will be great
| IT is plain the country has heard only
| the beginnings of the agitation for the
| Aldrich plan or .soWe kindred form OF
| centralized banking.