The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1913-08-20

committed to his keeping by the
Glass s-Owen currency bill"
Representative Henry said that slow
progress on the currency measure
was natural in view of existing condi-
tons
me Baltimore PLATFORM" Mr..
Henry asserted, declares against the
Aidrich bill-an asset currency meas
ure. On Friday Mr.. Underwood free
ly admitted that this bill undeniably
provides for an asset currency. Prac-
lcally every Democratic representa-.
tive now freely admits that Mr.. I'm
derwood correctly interprets it.
And most assuredly, such being the
case, the Democratic representatives
are hesitant about embracing il as
now written. Those of us who are
insisting that If this country must
go permanently to the doctrine of as
set currency. 1t should be fair to the
farmer and allow him to have money
based upon his assets and upon the
same terms through which it is ac-
corded the banker and commercial
list. The farmer and wage Garner
should not be overlooked and will not
be If they will wake up and demand
their rights"
The real battle over the make up
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
hVe minute rule for amendments. The
principal amendments relate to the
rediscounting Of paper based on farm
ers' products. Democratic Leader Un-
derwoOd and Chairman Glass of the
banking and currency committee. are
agreed upon elimination OF the words
and other securities from the list
or paper. the eligibility to discount the
federal reseve board shall have the
right to pass upon. They believe that
this socalled Glass s-Underwood amend
ment would sufficiently preserve the
credit OF paper based upon warehouse
receipts, or other well secured agri-
cultural products. Mr.. Underwood is
disposed, however, to accede to
amendments that would make this
point more clear. If it develops they
are necessary. The administration
leaders are confident the bill will go
through without fundamental chang.
es, while those pressing for amend
ments tonight expressed equal con-
fidence that the caucus would finally
agree to the substance Of their
propositions for protection of agricul-
tural paper. ~ 81. ....
Most Of the representatives who
nave been away for weeks have now
returned and are ready to take up the
currency again whenever the caucus
finishes with the bill Meanwhile the
house has adjourned until Tuesday,
when the caucus approved bill to pro-
vide for granting right -Of-way for the
$4,000. 900 Hetch- h-Hetchy water sup
ply project for San Francisco will be
the pending business.
Tariff consideration will be enliyen-
ed this week by discussion of the
sugar schedule. the chief bone Of con-
tention in the tariff bill. Democrat
10 leaders insist that the free sugar
proposal will carry, despite rumOrp
Of possible reflections from the party
Aandard. Senator'S Ransdell and
Thornton Of Louisiana will vote
against the administration schedule,
but the leaders do not fear that any
Western senator's upon whom minor
ity leaders cast longing eyes, will sup.
port any proposed amendment. SEN
ator Simmons. chairman Of the
finance committee, believes that the
fight on sugar should take not more
than two or three days; and that free
wool should be disposed Of in short
time. after which rapid progress
through the remaining schedules
should be made. Debate is certain to
be prolonged, however, on the cotton
schedule. after which the income tax
and administrative section and the
cotton future tax amendment will pre-
sent problems for much debate. 1t
will be well into September, If not
later before the tariff is ready for
conference.
Lobby Investigations will continue
in committee in both houses during
the week, with the house committee
attracting chief attention through re-
sumption of the testimony Of Form
er Chief Page cMichaels regarding
charges Of money paid by pawnbrok-
ers in an effort to prevent legisla-
ton.
In the senate the credentials Of
Representative Henry ID. Clayton, ap-