The Detroit times., 1913-07-01
Finish of Present Inquiry Will
Bear Out Contentious He
First Made
EXECUTIVE PLEASED OVER
LATE DEVELOPMENTS
President Maintains First Atti-
tude Regarding Reform For
Currency
BY JOHN EDWIN NEVlN,
(staff Correspondent Of the United
Press.)

WASHINGTON, June 3O.-"The lob
by Is out OF business so far as ma
tional legislation Is concerned. II
has ceased TO embarrass the admins
tration. When the present investiga-
ton ends. lobbying as profession
will be classed with the dodo and
other things extinct"
That at least is the view taken by
President Wilson When he saw the
newspaper correspondents today, the
executive wore the placid expression
OF the cat that had swallowed the ca
nary. CARRIED In a suit OF immaculate
linen, which set off to advantage his
spare form. the president looked cool
despite the heat of the capital In mid
summer. His very first remark In
dictated that he was greatly pleased
with the latest lobby Developments.
although, for obvious reasons, he did
not care TO discuss them in detail
The president made II very plain.
however, that he is behind full and
complete inquiry into every phase OF
the question. He believes that the
charges OF Judge L,ovett and others
that an attempt has been made TO
hold up Wall-st.'s interest on behalf Of
certain lawyers; that the National AS
ISOLATION OF Manufacturers crushed
or made congressman at the within OF
its officials, and that subterranean
methods have been used In creating
terrorism In national legislative halls,
should all be probed TO the bottom.
And the president himself is~t the au:
thority for the statement that the
T..
ter who may be smirched. or what
their political belief may be.
The president very frankly admits
that the lobby revelations have proven
OF great benefit TO his tariff bill. He
no longer has the slightest apprehen-
sion regarding the ultimate passage
of the Wilson U Underwood bill, even
more drastic than originally planned.
And he gives credit to the lobby for
this change In sentiment here.
The president maintained his posi-
ton regarding the currency bill. The
agitation OF the bankers TO be per
mitted 10 name minority member
ship ia the federal reserve board has
not switched him from his original
position that the executive should be
entirely responsible for the make up
OF this board The demand that the
bill be amended go that this board be
made y-partisan.~'%ill receive no sup
port from the present administration
President Wilson believes that the
currency should not be political
question He does not believe that
any man who was elected by the ma
jority of the electors of the nation
would ever play politics with such
an important matter. He will stand
squarely by the bill as at present
framed.
The president will not favor the APP
pointment of the members Of propos-
ed board for life as in the supreme
court. He insists that ii would be
decidedly unwise for a single bank
10 bind itself to a single president or
a single director for life and that, II
this Is the case in one institution. IL
would be very much more dangerous
in the case of national organiZa-
ton.
So far as the currency bill is con-
cerned. II is nowhere near the object
OF popular interest that the tarin
bill has been. President Wilson has
received only one important communi-
cation on this subject, and TINS came
from the executive committee of the
American Bankers association On
the tariff he received dozens of let
tiers daily.
The president considers the CANT
netu incident closed tIe has order
ed that the cases be prosecuted with
the utmost diligence and believes that
is all he is called upon TO do at this
time. And 1t can be stated on the
best OF authority that the develop
ments have not interfered with the
confidential relations between the
president and the Encouragement
The president continues TO repose the
utmost confidence in McReynolds.
Progress Ia being made with the
japanese negotiations and the presi-
dent intimated today that he is very
hopeful that all points in dispute will
soon be amicably adjusted.