The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1913-10-23
CURRENCY CONFERENCES
Had BY President Wilson With Dem.
ocratic and Republican Members
Of Committee

Washington, Oct. 20.-President
Wilson wrote Rep. Underwood the
majority leader of the house, today
expressing the opinion that the cur
rency bill would be reported to the
senate not later than the first week
in November and passed after two or
three weeks debate.
IL have had conferences with men,
bers of the senate committee on bank
ing and currency, both Democrats and
Republicans, wrote the president. LAS
a result of these conferences, l feel
confident that report on the bill
may be expected not later than the
first week in November. Most Of the
members Of the committee with whom
have conferred have shown them
selves keenly aware Of the disadvan
tage Of the country Of any unneces
sary delay.
Action On Bill
Il believe that the action OF tle
senate on the bill will follow within
two or at most three weeks after the
report is made. / do not believe that
there will be any attempt to delay
it's passage by dilatory tactics. Sen.
ators on both sides believe that the
business of the country awaits this
legislation impatient Of being kept I'm
suspense and display a fost JubiI;
spirited desire to dispose Of 1t prompt
ly. The passage of the bill is assur
ed.
in these circumstances / should
/ ike to confer with you as you s.
kindly suggested, as othe action tie
house should take awaiting the ~
| suits"
Adjournment Impossible
The president does not believe an
adjournment is possible but thinks
some agreement might be reached
with the minority in the house for
brief recess. The president is fully
confident Of considerable non-partisan
support for the bill and told callers
today he did not expect any change
affecting any fundamental part Il the
| bill but rather, had found an unex
| pected agreement on the fundament.
ais.
The presidents letter was freel.
circulated in congress and renewed
active discussion Of recess prospects.
Senator Weeks, Republican, Of the
banking committee, observed that the
letter disclosed more optimism than
the facts warranted"
Views Of Senators
/ Senator'S Bristow and Hitchcock
were not optimistic of passage at the
present session. Senator O'Gorman
thought 1t might be possible but that
it could not be determined ito a GER
tainty." Senator Pomerene agre,i
with the president.
One development which lent encour
agement to those who hope 70 rspeedy
action came when the president let
it be known that he was not finally
committed to any particular humble:
Of reserve banks, so long as there
were enough to meet business -eQ ,ira
ments and that the federal reserve
board did not necessarily have to In
clude the secretary OF gIi,i:.Lre
and the comptroller OF the curren y
SO long as 1t was government control
led. Active opposition has been II
rected at these features.
Recess Question
Republican Leader Mann prom,se,
, to ct, Mr.. Underwood know his rcsi
lion on recess tomorrow, meanwhr
Unde wood Is sounding sentiment II
the senate.
Victor Morawet of the Nattora
, tank of Commerce OF New York Ell
dorsed the general provisions of tn
3 administration bill before the '.apR
ing committee, but suggested educ
ing the regional banks to five ~ ak
5
the nav. th,,ty dau. no