The Birmingham age-herald., 1913-08-18
CONGRESS GIVES UP
ALL HOPE OF HAVING
VACATION THIS YEAR
CONTINUED from Page onel

fCOntinued from Page Onel
natural in view of the existing con-
ditions.
THE Baltimore platform" MY. Henry
asserted, declared against the Aldrich
'bill-an asset currency measure.
On Friday Mr.. Underwood freely ad-
mitted that this bill undeniably provides
for asset currency. Practically every
democratic representative now freely ad-
mits that Underwood correctly inter-
preted it.
And, most assuredly. such being the
case, the democratic representatives. are
hesitant about embracing it as now writ
ten. Those of us who are insisting that
if this country must go permanently TO
the doctrine of asset currency, it should
be fair to the farmer and allow him to
have money based upon his assets upon
the same terms through which it is ac-
corded to the banker and commercialst.
The farmer and wage Garner should not
be overlooked and will not be, if they will
wake up and demand their rights.
Real Fight Begins This Week
The real battle over the makeup of the
currency bill will begin this week with
the consideration Of the measure in the
House democratic caucus under what is
known as the five minute rule for amend
ments. The principal amendment relates
10 the rediscounting of paper based on
farmers products. Democratic Leader
Underwood and Chairman Glass OF the
banking and currency committee are
agreed upon the elimination of the words
and other securities from the list of
paper whose eligibility to discount the
federal reserve board shall have the right
TO pass upon. They believe that this So
called Glass Underwood amendment would
sufficiently reserve the credit of paper
based upon warehouse receipts or other
wise secured agricultural products. Mr.
Underwood is disposed, however to ac-
cede to amendments that would make this
point clearer if it develops they are neces-
sary.
Administration leaders are confident the
bill will go through without fundamental
changes while those pressing for amend
ments tonight expressed equal confidence
that the caucus finally would agree to
the substance of their propositions for
protection of agricultural paper.
Most of the representatives who have
been away for weeks have now returned
and are ready to take up the currency
legislation whenever the cuucus finishes
with the BILL
Meanwhile the House has adjourned un-
iii Tuesday when the caucus approved
bill to provide authority for granting right
of way for the $75,O00.e00 Hetch Hetchy
water supply project for San Francisco
Will be the pending business.
Sugar Schedule This Week
Tariff consideration will be enlivened
this week by discussion of the sugar
schedule the chief bone of contention
in the tariff bill. Democratic leaders in
sist that the free sugar proposal will
carry, despite rumors of possible defec-
tions from the party standard
Senators Ransdell and Thornton OF
Louisiana will vote against the admins
tration schedule, but the leaders do not
fear that any western senators, upon
whom minority leaders cast longing eyes,
will support any proposed amendment.
SQator Simmons, chairman of the finance
committee believes that the fight on sugar
sEculd take not more than two or three
days. and that free wool should be dis
posed of in as short a time after which
rapid progress through the remaining
schedules should be made.
Debate is certain to be prolonged, how
ever, on the cotton schedule. after which
the income tax and administrative section
and the cotton futures tax amendment
will present problems for much debate. 1t
hefore the tariff is ready for conference.
Lobby Probe Continues
Lobby investigation will continue before
committees of both the House and Senate
during the week. with the House commit
tee attracting chief attention through re-
sumption OF the testimony of former Chief
Page McMichaels regarding charges of
money paid by pawn brokers in an effort
TO prevent legislation
In the Senate the credentials of Repre-
sentative Henry d. Clayton, appointed by
Governor O'Neal of Alabama to succeed
The late Senator Johnston, will be pre-
sented. They will be referred to the COM
mittee on privileges and elections to de-
termine whether they ar acceptable under
the terms of the seventeenth constitutional
anye udment