The Birmingham age-herald., 1913-06-12
SENATORS UNABLE
TO DETERMINE THE
ADJOURNMENT DATE
Johnston Will Not Leave
Until Entire Programme
Is Completed
CURRENCY PLANS
STILL UNDECIDED
Wilson Willing to Spend Entire Sum-
mer in Washington if He Can
Secure the Needed Finan-
cial Legislation
ny G. f. STEWART

Washington, June 11.-(Special)-I spite
of the limited legislative programme
adopted by the House and the further fac t
that the tariff bill las already passed that
body, and will be up for consideration in
first of next, no one can with any degree
of assurance fix the date for the adjourn
ment of Congress.
Senator Johnston said today that he he
lieved that the tariff bill would pass the
Senate about August /. But" said the
senator. that does not fix any date for
adjournment. If the President insists
upon the Senate taking up the currency
and the House has passed a bin by tina t
time, then there is no telling just how
long we will be wrestling with the finan-
cial legislation N the Senate. We may
be here till September Is. or even Octo-
Der II
'How about YOU campaign, Senator, ;
he was asked.
"Oh, well,' said Senator Johnston L
was elected 20 The Senate to perform GER
tain duties here. I shall not neglect them,
but will stay on the job if we run right
through into the Eext session. l shall
make no arrangements for dates in my
campaign until I know definitely when
Congress is going to adjourn. [ would not
feel justified in taking personal part in my
campaign in Alabama and absenting my
self from my place here with the impor-
tant legislation pending that is now and
likely to be before the Senate.
Not Even Agreed Upon
So far the currency bill is not even
agreed upon by the leaders and President
Wilson. Efforts will be made this week.,
it is declared to compose the differences
between Secretary McAdoo and congress
sional leaders as to new issues of curren-
cy to be provided for in an administration
currency measure. These involve the
question TO whether the government
should issue all the paper money or the
proposed reserve associations should he
authorized to issue notes in place of the
present system os national bank notes.
permitting all of the present issues of
United States cure ency to stand as at
present.
Secretary McAdco's tentative sugges-
tion it is understood, would have the gov
retire the present issue of gold certificates
amounting to 81, ,019e00, 600 and The national
bank notes amount to $75o.000,000.
He would make all the paper money
United States notes. maintaining th'
present issue of such notes and replacing
the gold certificates and national bank
notes by an increased number of United
States notes. Back of these notes would
be gold. based upon a certain percentage
of the issue, whicn has not yet been de-
termined.
Chairman Glass OF the banking and cur
rency committee, on the other hand, it is
said, would not disturb the present issue
of gold certificates or any other United
States notes, but would gradually retire
the national bank notes and permit the re-
serve associa tions to issue currency, basel
upon the assets of the membership banfs,
to take the place of the nationa. bank
notes.
Secretary McAdoo's plan is designed to
permit greater participation of the fed
eral government IN the operation of the
reserve associations than the other srg-
gestions propose.