The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1913-09-22
PRESIDENT EXPECTS
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Continued From Page One.
embodied in the bill that has passed
the house.
Thus far there has been a marked
independence of expression among
democratic senator's engaged In WORK
on the currency bill. as to independent
points of currency legislation. The
public hearing re-opened by Chairman
owen last week will continue part OF
this week. The actual committee work
on the bill probably will begin late
this week, and will develop for the
first time the real strength in the
committee In support of the presi-
dents plan for immediate endorse
ment Of the bill.
There is apparently no spirit of an
tagOnism to currency legislation
among the leaders Of either party in
the senate, but the wide differences Of
opinion as to the best method of revis-
ing the banking and currency system
will bring the test of strength, in
which senatE leaders expect President
| Wilson's influence will be brought into
the situation. A striking feature Of
the situation in the senate is that the
vote of one democratic member of the
banking and currency committee
would be sufficient to prevent the
committee from favorably. reporting
the currency bill. There are seven
democrats and five republicans on the
committee. The republicans almost
without exception have expressed the
belief hat q thorough study of cur
rency reform needs and the careful
preparation of a bill to enact a new
system, would require more time than
the committee could give 1t during the
present extra session.
Chairman Owen and one or two 9TH
er democrats on the committee have
within the last few days declared they
believed senators who have been
studying the question have all in
formation necessary for immediate
consideration of a currency bill, and
that no good could be accomplished
through further delay. This position,
it is understood, reflects the admins
tration view, II will be backed UP
by the argument that the currency
bill will be subject to free and unlim-
tied debate and amendment when 1t
reaches the senate.
The presidents friends in congress
insist there will be serious hitch in
the currency problem, and that legis-
lation will be enacted by the latter
part of November. In the meantime,
both houses of congress will enjoy
what vacation they can get through
three days recess, while the senate
committee members work on the cur
FSACy pTODleIn.
The house and senate conferees at
work adjusting differences in the tar
if bill will resume work tomorrow in
the hope that the completed confer
ence report can be brought back to
both houses by Thursday or Friday.
Some of the more important con-
~troversies over the tariff rates have
not been settled, and the conferees
still AVE before them practically all
Of the amendments to the income tax
section, the Clarke cotton futures tax
amendment. n the amendments to
administration sections of the bill.
Mutual concessions by both houses
on a few Of the more important items,
however, would carry with them the
settlement of many of the lesser prob
lens, and members Of the committee
are confident Of completing work by
Thursday. Republican conferees who
thus far nave been barred from the
conferences, then will be invited to
consider the completed bill, and a re-
port will be made to each house.
1t is anticipated that a fight will be
made in each branch of congress over
the acceptance of the report, but little
delay is expected. 1t Is believed the
tariff bill will be completed and placed
before President Wilson for his sigma
ture by the end of this week.