Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1913-08-27

z D. q. 81 ..t . r. s. Z " Z g.
en- yard under his control on the
ground that he understood the.
chicken business better than any
other person in that neighborhood."
SPECIAL WASHINGTON coRREs-
PoNDENcE.
Currency as Well as Tariff BiIl5Like-
Iy to- Pass Before Close Of
Special Session.
Washington, August 25th. With
the currency bill through the caucus
and now before the House for action,
and the tariff bill nearing completion
in the senate, the last stage of the
special session called by President
Wilson has been entered upon. That
the House will pass the currency
bill there is not the slightest doubt,
for the caucus demonstrated that
the Overwhelming majority Of the
democratic members indorse the
presidents view that there is an UP
gent need Of currency reform to sup.
plement the tariff legislation. It is
confidently expected that the tariff
bill will go through the senate by a
safe margin. The only democratic
votes against any Of the schedules OF
the bill adon.et? were those of the
two Louisiana senators on free sug,
ar. They, have not been given any
support in the inconsistent position
they have taken OF voting protection
for the products Of their own state
while agreeing with the. reduction o.
duties on the products Of Other
states. If these two senators vote
against the bill on final passage
there will yet be sufficient demo
cratic strength to pass the bill and
carry out the promises OF the Balti
more platform. h n
The president remains confident
that the currency bill also will pass
the senate. He has been given add.
ed assurance that the senate leaders
indorse his opinion. Newspaper gos
sip has attempted to show Fiction
i'm the senate that does not exist
Chairman Owen of the senate bank.
ing committee effectua1ly put a stoI
to- rumors that he was opposing the
currency program when he went to
the White, House to assure the pres
ident that the administration bill
lad his full approval. Later he ex,
pressed the belief that the bill would
pass the senate this session. @
Speaker Clark added "a strong in
dorsement to the bill. He declared
that public opinion was agreed that
we have one Of the worst patchwork
systems Of finance known among
men. The Glass-Owen bill, he be-
lieved, would prove a great improve
ment on the present patchwork, sys-
tenn. He mentioned the provision
for loans on improved farming lands,
pohibited to national banks now, as
one Of the features that would be
beneficial to. the great agricultural
constituencies such as he represents.
lie added: s%
another thing is that the bill will
tend to keep the peoples money in
the places where it is owned and
not concentrate so much Of it in
one place. Still another feature
which rural folk will indorse, is that
it prohibits the loaning Of bank de-
posts for purposes of speculation
in stocks and bonds. But the best
feature of it is the governmental
control of the national banking sys-
tenn.
1T is objected that it confers too
much power on the federal reserve.
board, but power must be lodged
$ somewhere, in SOMEBODY, and it is
better to lodge it in a government
board than in private hands
Speaker Clark declared that il
was a thing incredible that any
president will regard his good name
SO lightly as to abuse the trust plac-
ed in him by the bill. No president,
he said, would appoint other thar
nen Of ability, character and patriot
ism on the federal reserve board.
No stronger evidence than could
be given of the total absence of fac
uonal strife among the democracy
than the whole.:hearted support CIV
en- to President Wilson by Speaker
Clark and Leader Underwood, both
for the presidential nom
nation last year, and on the able
nen in the cabinet, headed by Sec
rotary Bryan: 1t is this solidarity
which practically assures the sue
cess Of the presidents legislative
program and which has won such
widespread popular support for the
Wilson administration in the first
six months of its existence.
1t is reassuring to the three demo-
cratic congressman from Iowa, Con-
yressmen Pepper, Connolly and Kirk
patrick, that the Iowa democracy is
as free FROM factions as the ma
tjonal democracy has shown itself
to be. The three Iowa congressman
are in perfect accord. They have
won recognition in the House and
have high standing at the White
House. They have acted as a unit
in matters pertaining to Iowa af- |
fairs and have been given as unit
ed suppor+ by the Iowa democracy.
They have been among the strongest |
of the administration
ta-iff and currency bill and conf |
lently predict their passage.
J. K. DOUGHERTY.
PEOPI e BACK OF PRESIDENT