Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1913-06-16
PRESIDENTS
MESSAGE IS
READY
ON CURRENCY REFORM. Twill READ
IT TO CONGRESS HIMSELF
CURRENCY BILL ALSO ABOUT
READY TO Be INTRODUCED.
WILSON REFUSES
TO TALK ABOUT II

| Washington, D. c., June 16--Presi
dent Wilson probably will read his
currency message, possibly to botl
branches of congress assembled in
the hall of the house, as he did his
tariff message. He finished writing
the message today Il Is about 1,20O
words long and urges immediate re-
vision of the banking and currency
laws.
The president expects the currency
bill to be launched in both houses of
congress some time this week. 1t
represents the administration views
and according to Mr.. Wilson himself
will be mo mans BILL but the re-
suits of common counsel among cur
rency advocates where suggestions
were condensed and formulated by
Secretary McAdoo Of the treasury de-
partment. Chairmen Owen and Glass
of the senate and house banking and
currency committees, respectively,
with the advice and assistance of the
president
At the semi-weekly conference with
the Washington correspondents to-
day the president was asked for an
explanation of some of the principles
of currency reform, but said that mas
much as the bill and his own message
would be made public within week
he would refrain from comment. The
president was undecided as to whether
his message would be presented to
in advance of the currency
bill, or whether both would be made
public about the same time. The i'm
preston prevailed However, that the
bill will be introduced in both houses
by Wednesday or Thursday of this
week and that the president will pro-
nounce his views to congress about
June %.
Chairmen Owen and Glass confer.
red again today and Mr.. Owen after
ward announced that the bill practi-
oally had been completed. would be
in committee this week and
aiken up and passed before the extra
session adjourned.
"This talk against currency legisla.
ion at this session" said Senator
owen, ''is based on artificial senti.
nent. 1t is sentiment stirred up by
,erosns who didn't want currency leg
slaticn Some of it, Of course, springs
rom the idea that it is a deep sub.
ect which will require prolonged study
md debate. This is because no con- !
rete proposition has been submitted
or the consideration of senator's |
When we present a tangible PROPOSE
ion, I think they will see that prob
EN- is not such a difilcult one, after
H."
Senator Owen believes in plan
which the bill will embody of region
! reserve system and a central board
t control dominated by the federal
overnment
PERSONALLY" said Senator Owen,
| believe that the bankers should get
ut of the governing business, just as
he bankers have argued that the gov
rnment should get out of the bank
lg business
With Representative Henrys effort
} reopen the money trust inquiry.
enator Owen is in accord except that
c does not agree that it would delay
urrency legislation.
Currency legislation may proceed
Ist the same,' said the senator.
81 think that Representative Henry
right in demanding further investi.
alton of the money trust and believe
the public is given the whole truth
ertain bankers who have posed as
enefactors and patriots may be !
lown in different light II