Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-10-08
WILSON DENIES
CALLING FOES OF
HIS BILL REBELS
Issues Statement That Report
ed Saying Is Contrary to
His Character.
HE HOPES O'GORMAN AND
REED WILL FALL INTO LINE
Pres. vanderIip. of National City
Bank, Approves Many Fea-
lures of Measure.

WASHINGTON, Oct. 8.-Reports
that President Wilson was attempt
ing to prod Democratic senators in
to quick action on the currency bill
and a published statement that he
would class as rebel" any Demo-
crat who did not support him
brought out an emphatic denial from
the White House today. The presi-
dent made public the following let
ter:
ITO the Editor of the Washington
Post:
Sir:-I am quoted in your issue of
this morning as saying that anyone
who does not support me is no Demo-
crat, but rebel OF course, ! never
said any such thing. 1t Is contrary
both to my thought and to my char
acter and / must ask that you give
a very prominent place in your is
sue of tomorrow to this denial. VERY
truly yours,
WOODROW WILSON"
President Is Hopeful.
At the White House there was a
disposition to look upon the currency
situation as on the way to amicable
adjustment. The president, it was
said, today feels sure that Senator
Reed, of Missouri, would soon Join
the administration supporters in the
banking and currency committee and
that Senator O'Gorman would in the
end side with the majority.
There was no such sanguine feel
ing, however, with respect to Senator
Hitchcock. of Nebraska.
While there have been many pub
lished reports to the effect that the
President was considering a state
ment charging the existence of a
lobby by the big banks exerting con-
troll over smaller banks to oppose the
bill, the White House today declared
the President would not issue such
statement at this time.
Administration officials have re-
ferred privately, however to the
visit of a prominent business man
to the Senate banking committee,
and Representative Glass recently
charged that the unnamed man had
been advised by some of the larger
bankers of New York as to what
they would like him to say before
the committee, and had faithfully fol-
| lowed instructions"
Makes Panic EmpossibIe, He Says.
Frank A. vanderlip president OF
the Natlonal city Bank, OF New ork
| told the Senate banking committed
| today he indorsed many important
| features of the administration cur
rency bill Mr.. Vanderlip, however
criticised adversely certain points
| notably the independence of the re-
gional reserve banks, the character OF
the note issue plan and the section
compelling all national banks to be-
come members of the proposed sys-
| tenn.
Aside from those objections, how.
ever, he found many excellent quail
ties in the administration plan and
took issue with many bankers who
have criticised adversely different
| parts of the bill.
A repetition Of the panic of 1907
from such causes as brought 1t about
would be impossible under the pro-
| posed banking system, said Mr.. Van
| derlip He declared that the call loar
market would be greatly minimizee
! In importance under the new plan an6
that hundreds of millions Of dollars
now used for call loans on stock ex-
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