El Paso herald. (El Paso, Tex.) 1901-1931, 1913-10-21
WILSON HAS HOPE
FOR MONEY BILL
President Expects Report in
NEUTRALITY-SUSPICIOUS.
Not Optimistic.

Washington, D. c., Oct 20.-Presl-
dent Wilson wrote representative
/ Underwood, the majority leader of
the house today, expressing the opinion
that the currency bill would be reported
to the senate not later than the first
week in November and passed after
two or three weeks debate.
I have had conferences with mem
bers Of the senate committee on bank
ing and currency, both Democrats and
Republicans" wrote the president. As
a result of those conferences, I feel
confident that a report on the bill may
be expected not latter than the first
week in November Most of the mem
bers of the committee with whom 1
have conferred have shown themselves
keenly aware of the disadvantage to
the country of any unnecessary delay.
Confident Bill VIII Pass.
q believe that the action of the SEN
ate on the bill will follow within two
or at the most three weeks after the
report is made. I do not believe there
VIII be any attempt to delay It's pass
age by dilatOry tactics. Senators on
both sides realize that the business of
the country awaits this legislation, i'm
patient of being kept in suspense, and
display most public spirited desire to
dispose of 1t promptly The passage of
the bill is assured.
In these circumstances. I should like
to confer with you as you SO kindly
suggested as to the action the house
suits.
Senators Not Optimistic.
Senators BristOw and Hitchcock were
not optimistic of the bills passage at
man thought it might be possible but
that 1t could not be determined Ito
certainty" Senator POmerene agreed
with the president
One development which lent encour-
agement to those who hope for speedy
action came when the president let it
be made known that he was not finally
committed TO any particular number of
reserve banks, so long as there were.
enough to meet business requirements.
ana that the federal reserve board did
not necessarily have OF include the
secretary OF agriculture and the con-
troIer OF the currency so long as it was
government controlled. Active oppOsi-
ton has been directed at those features.
Republican leader Mann promised to
let Mr.. Underwood know his position
on a recess tomorrow, meanwhile Mr..
Underwood is sounding sentiment in
the senate.
Victor Morawetz, of the National
Bank OF Commerce Of New York. en-
dorsed the general provisions of the
Dill before the banking committee, but
suggested reducing the regional banks
to five or six
Wilson To Meet Republicans.
Conferences between president VIII
son and Republican members of the
senate banking and currency committee |
with a view toward making the pend
ing currency bill a non-partisan
will be held this week
The president has been assured that /
not only is report from the committee |
possible Nov 4, but that the IegisIa- /
non can be enacted before the Deem |
Der session provided the Republicans !
ma Democrats come to a common
agreement on the bill.
From the first 1t is said, the presi-
lent has not been DESTROYS of making
he Dill q party measure though he
eelS that the Democratic party will be /
leld responsible for whatever law. is !
ramed- The idea that Mr. Wilson was
committed to the
rouse Dill led largely to that impress
non, but within the last few days he
las made it known that if the senate
VIII keep the main essentials which the |
desires changes in /
harmony with the fundamentals will be
acceptable.
The president is greatly encouraged
'ver the possibility of getting
unanimous report from the committee |
Senate in Executive Session
IN the senate senator Bacon forced !
IN executive session when senator Bur- I.
on moved to Investigate the appoint /
nent OF a postmaster at Salem. Ohio. I
republicans have charged a political
leal
The senate adjourned to noon Tues
Law
In the house Republican leader Mann
efused to consent to the absence OF
on official business. The
house adjourned to noon Tuesday.