New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-11-15
Fight in Prospect When Demo-
Gratis Try to Carry Out Pro-
gramme in Senate.
BLOCKED BY REPUBLICANS
Latter Will Raise Question OF
Right of the Administration
Faction to Present Com
mittee Report.
From The Tribune Bureau

Washington. Nov. 14-Further differ
ences between the two factions of the
Senate Banking and Currency Committee
gave promise to-day OF a parliamentary
fight when the Democrats attempt TO
carry out their programme OF reporuhs
the administration measure next week.
The Democratic faction probably VIII
have its report ready tomorrow put us
plans for immediate action are blocked
bv the Republican faction, which VIII not
complete its revision of the currency
measure for a week or ten days Inc
administration faction is not Wiling 10
submit to this delay, and will try 10 take
the situation into its own hands by re-
porting the administration bin.
Whether the Senate will accept this
report remains to be seen. 1t is certain
that IT will not be accepted without pro-
test and that the Republicans will con-
tend that the Democratic group which
broke away from the Banking and Cur
rency Committee has no authority 10
make a report, because 1t does not con-
stitute majority.
Advantage with Republicans.
The Republican members Of the com
mittee and Senator Hitchcock, who Is
acting as chairman in the absence OF
Senator owen, who is allied with the ad-
ministration group, appear to have the
advantage They have possession OF the
committee room and have remained
"reeular" ever since the split brought
about by the Democratic conference. 4hey
have. moreover, been willing to continue
the deliberations Of the committee which
were broken off by the administration
members who refused 10 stand by the
amendments that had been ALREADY
adopted.
whether the trump" committee, maze
ND of Senators owen, O'Gorman' heeu'
Shafroth. Pomerene and Hollis, have au-
thority TO disregard the action OF the tuii
committee and make report TO the sen
ate. will be the first question on Whlch
there will be a clash between the adIiliil-
istraticn forces and their opponents IN
the Senate. Members Of the regular rae
tim insist that no report can be mace
without their consent, or the consent or
majority Of the committee. and they are
ignoring the duiIlliiAoli ONANA' -
haste by considering the bill carefuily
before taking action.
The breach in the committee appear Gu
10 be wider to-day than at any time
since the controversy began. Senator
Hollis made the prediction that no meet
ing Of the full committee would be heio
again TO consider the measure.
Provides Eight Regional Banks.
As completed tonight by the admins
tration faction, the currency bill provides
for a system of eight regional banks 10
be capitalized by enforced subscriptions
from the national banks Of the country
with unlimited powers of rediscount ana
currency issue and the power to holo
reserves, the entire system 10 be under
the control of federal reserve board.
Tn Democrats eliminated from the re-
demption section Of the bill the provision
that the new currency should be redeem
able In lawful money" as well as gold
The redemption was made on fiat gold
standard, but it was provided that the
new reserve notes might be held In the
reserve Of member banks on the same
terms as gold.