The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-08-25
LINES OF PARTY
WILL Be TIGHTER
ON CURRENCY BILL
Continued From First PageA

nill and pass II by September E.Sond
that the measure could be finished by
me conference committee and signed
by Presiden. Wilson by September l6.
only unforeseen delay in debate viii
prevent tho tariff bill from becoming
law by that time, in the opinion or
senator Simmons. A sn!ri: OF har-
mony has been established I'm the con
slderatioh or tho bill in the Senate
This has taken out OF tho debate much
the personal bitterness usually
characteristic of tariff light The
Republicans Will make supreme ef-
tort to change the free wool provi-
sion, and all WOODEN tariff rates, late
this week. when the La Toilette. PEN
rose. Smoot and Catron substitute mea-
sures will be submitted and voted on
No Break I'm Ranks.
Democratic leaders declare, however
thero VIII BIO no break In their ranks
and that there Is no chance of tho
tariff bill being changed in any Of its
important details, To hasten the com
pieton OF tho bill, the Democratic mem
bers OF the Finance Committee will
meet each night this week to take up
unfinished schedules: and q caucus OF
Democratic Senators will be held in the
week TO pass on changes that the com
mitteo may decide to recommend
With the end OF the tariff revision
fight In view. members OF the Senate
are devoting themselves TO a prelmi-
nary study Of the currency question,
and preparing for the consideration OF
the bill now under fire In the House
caucus. Many suggestions for changes
IN the administration plan have been
offered by members OF tho Senate
throughout the week. and In q series
OF committee conferences to be CON
tnucd during the coming week. these
suggestions will be further consid-
cred.
Few of tho changes advocated by tho
bankerS conference in Chicago will re-
telve favorable consideration from the
democratic FORCES in the Senate. Chair
man owen Is unaltcrably opposed TO
the idea of changing the Federal board
OF control, so banking interests would
have share In Its management, or to
the banks, instead of by the Federal
government. 1t Is believed large
majority OF the Senate Will adhere to
the plan for treasury notes, rather
than notes 10 be issued by the banks.
Senator Shnfroth, "a majority mem
Der of the Currency Committee, to-
morrow will introduce in the Senate
proposed plan for the retirement OF
all existing currency except silver GER
tinc&tes and the issuance OF "A general
form OF treasury notes secured by a 90
per cent gold reserve.
Senator Shafroths bill also would
substitute treasury notes at once for
all outstanding national bank notes,
and would cancel the government bonds
that now form the security for the
national bank currency. He said to-
day his bill would save Sli,s00.000 in
interest now paid by tho government on
bonds used TO secure national bank
currency. a sum that would be in
creased to S22,246.000 IL the per cent
bonds were refunded with per cents.
Control With Government.
1t would take the control OF the cur
rcncy out Of the hands OF the banks
and place il In the government" said
Senator Shafroth. 1T would satisfy
the bankers because II would cash their
per cent bonds without loss"
Many requests for hearings have
been received by members OF the Sen
ate committee. Among these are re-
quests from officers of leading labor
organizations. on such letter. from Il.
J. Dolan. OF Chicago secretary-treas-
urer of the Brotherhood OF Steam
Shovel and Dredgnen. said In part:
The w6rkinginen OF the country are
just as much, If not more. interested
in the pending currency measure than
any other class. Az they are the people
who deposit their earnings in the saw
ings banks Of the country. l believe
!, representative men or the different
classes OF the people Interested in this
measure were Invited TO participate In
a conference great good would come
from It,"