Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1913-05-23
WASHINGTON NOTES.
May 19, 1913.
THE SENATE AND THE WEST VA,
COAL STRIKF.

THE SENATE AND THE WEST VA,
COAL srRIKF.
Senator Kern, of Indiana, the
President of the Senate is press
ing a resolution for making an
investigation in the labor condi-
ton of the West Virginia Coal
field. TIE miners are claiming
that absolute slavery exists IN
the coal fields and that even the
U, S. mails have been interfered
with by the hired policemen Of
the coal operators in preventing
the delivery of mail to the
miners. Ex-senator Watson who
is a multi-millionaire coal mine
owner of West Virginia is exert
ing all of his powers to hush the
matter up, but it is believed that
Senator Kern, being well known
as u spokesman of the Admins
tration will have this matter
sifted out and punish those who
have been guilty of oppre ssing
the poor miners.
IMPORTANT CURRENCY LEGISLA-
TON.
Hon. Carter Glass, of Virginia,
Chairman of the Committee on
Banking and Currency in the
House of Representatives has
about completed his new bill
which has the approval of Leader
Underwood, Secretary Of the
Treasury McAdoo and President
Wilson. Heretofore National
banks could only issue bank
notes by depositing their full
value in Government Bonds with
the Treasury Department. This
Bill provides that banks may de-
posit state, county and municipal
bonds or other high-class securi-
ties and secure Bank notes from
the Treasury Department for cir
culation and loans. This meas
ure will enable the banks to
enormously increase the volume
of circulating money when there
is demand for it, such as at
crop moving time" or at other
periods when unusual activity of
business demands large volume
of money everywhere.
LOANS TO FARMERS.
At the present time National
Banks are forbidden to make
loans on real estate security, but
under the new Bill this 'restric-
ton will not only be removed so
the banks can loan money to
farmers but provision will be
made whereby farmers can secure
loans on their crops before they
are even harvested. This plan
is in operation in Germany, Bel
9ium and France and other
European countries and has add
ed wonderfully to the prosperity
of the European farmers.
THE PROGRESS OF THE TARIFF
BILL.
1t now begins to look as if the
tariff bill which passed the House
by two-third vote being, more
than 100 majority will pass the
Senate practically unamended.
Heretofore, when the tariff bill
gets into the Senate, the bribers,
the corruptionists, the lobbyists
and the debauchers of political
morality have never failed to e,
in their deadly work and in the
Payne-Aldrich Bill of 1909 their
work made that bill so iufamors
that it caused a complete wreck
of the republican party in 1910
and 1912. The present bill is
drawn absolutely in the interest
of the public, and probably 81
million people will receive sub
stantial benefit from the same
while one million people who
have grown rich in running their
hands into other peoples pockets
will suffer the loss of that priv.
lePe as they most certainly
should. Any senator of II e
Democratic faith who arrays HIM
self against this bill will dig his
own political grave. 1t has the
unqualified approval OF President
Wilson and Leader Oscar Under
wood and the people of the coun-
try realize that this Bill is drawn
in the interest of the whole
American people and their pros
perity and whoever opposes it
opposes the best interest of the
people and their prosperity.
The choice of a new collector