Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1913-12-27

'T~itiF1 OiS, zee. Zo.-- ! MS at
ternoon the currency bill passed the
senate by a vote Of 43 to rs. The bill
has been sent to the President, and
will be signed before the day is over.
President Wilson has invited Senator
Chiffon to witness the signing Of the
bin
The conference report on the ad.
minisGation's currency bill was
adopted by the house last night by a
vote of 29S to so. AS the final step
in legislative routine, it was sent 20
the senate at Ills O'Clock last night.
The upper house, however, did not
undertake % ret upon the report. but
agreed to meet this morning aud
vote by 2 o'clock in the afternoon.
This means that the currency bill
viii be signed by the President tais
stternoon.
The house had no sooner taken
final action on the measure than it
Esssed concurrent resolution pro.
vlding for recess of congress from
today until January 10
The vote in the house was preced-
ed by about three hours of debate
Although the conferees had reached
an agreement early in the morning,
the entire day was consumed in per-
fecting the bill and they were not
ready to report to the house unsil
evening.
Announcement by Glass.
The debate was notable chiefly for
statement made by Representative
Carter Glass, chairman of the com
mittee on banking and currency, in
reference to the elimination in con.
ference of the senate's provision for
setting aside fraction Of the earn.
tags Of the federal reserve banks for
the purpose Of creating a depositors'
insurance fund.
There will be separate measure
to meet this demand" announced Mr..
Glass, "and with that end in view
the insurance provision was stricken
out by the conferees.
"There win be enacted a proper
bank deposits law" Chairman Glass
added a moment later
This announcement was accepted
as the most important development
Of the day. Many construed it to
mean that a serious effort would be
made to put through later depos-
itors' guarantee measure. This is
one of Secretary Bryan's old hob
bfes. His plan provided for a tax
ON the national banks to insure de-
positors. Representative Glass did
not indicate what the character of
he bank guarantee measure would
be. He has consistently opposed the
inclusion of bank deposit guarantees
in the bill The question being asked
now is: Has the Wilson administra-
ton decided to support the Bryan
bank deposit guarantee plan or some
similar plan?
All but three Democrats in the
house voted for the conference re-
port. The surprising feature of the
vote was that thirty-four Republicans
and al lof the Progressiyes voted for
the Democratic bill The three Dem
ocrats who voted against it were
Witherspoon, Of Mississippi, and Cal
laway and Wingo, of Arkansas. MI
three are silver Democrats, and oh
iected to certain features of the bill
relating to the redemption of the
treasury notes on a gold basis,
The Republicans who voted for the
bill we're Barton, Burke, of South
Dakota: Cooper Champion, Curry,
Davis, Dillon, Esch, Farr Freor
Haugen, Helgeson, Kelly, Of Mich'
san. Kent, OIL OdilioiHld hi~''s 49,
kaid, of Nebraska La Toilette, l4aft-
elty Lenroot, Lindqulst, Lanahan'
Mapes, Miller, Moss, Of West N'r-
ginia; Nelson, Morton, sinnott,
Sloan, S. w. Smith, Of Miehigan;
smith, of Minnesota; Stafford, suth-
erland, Trsadway, and Young. Of
North Dakota
Democratic members of the confer
ence committee OF the Senate ard
House did not reach Ia complete agree
ment on the questions at issue In the
currency bill until nearly A o'clock
yesterday morning.
For several hours there was
struggle in the committee over sin
gle issue That was '5hethor the comp.
troHer Of the Currency should be a
member ex oficio OF the Federal re-
serve hoard The Glass bin as I