The Washington times., 1913-07-27
PRESIDENT WANTS
NEW CURRENCY BILL
Wilson Ready to Fight Against
Adjournment Without Pass
ing Measure.

President Wilson will fight against the
plan for adjournment of Congress with
out enactment of currency BILL With
In the last week there have been ex-
changes among Democratic and Repub-
liean Senators on the subject of early
enactment of the tariff measure. TO be
followed BY adjournment Much sup
port has been found for this program
President Wilson, however. is adverse
to such action, and VIII bring to bear
strong pressure against IL. The indica-
lions are that. under pressure from the
White House, most of the Democratic
Senator's will yield. Few Of them are
willing to seem to come In conflict with
the White House. Probably not half a
dozen Democratic Senators will prove
otherwise, than plant IN the Presidents
hands.
AS matter oftfact. the great major
ity of the Democrats In both houses are
opposed TO. currency legislation this ses-
sion. But the President, thus far. has
dominat ted the Democrats at both ends
OF the. Capitol, completely.
Long Session Probable.
Under these circumstances. the prob
abilities are that currency bill will
OS aPdS5S0 anu lfAoA NOAbACoo VAL " -
session most of the fail, unless an ar
rangenient for a short recess is patched
up or the President, after getting the
bffl through the House, ylefds and lets
the bill wait until next winter.
The President hopes to win out in his
plan to get rid Of the dtssensions IN the
House banking and Currency Commit
tee by having the bill sent to the eau
Gus forthwith. Il is the White House
q mediation that PrQQf6Qnf
shape the bill as he desires IN caucus.
However, this Is not SO certain, accord
ing to members VINO are friendly TO the
Ragsdale amendments to- permit cur
rency to be issued on warehouse re-
ceipts for agricultural products.
They say that the majority Of the
House Democrats are for the Ragsdale
amendments. BY promising to aid In
the passage of a farm credit bill next
winter, however, the President may win
defeat the Ragsdale amendments.
Win Get Busy On Bill
Senator Owen. chairman Of the Senate
Banking and Currency Committee, who
in recent canvass found all but a few
Of the Democrats ready to pass a cur
rency measure this session. intends to
have his committee busy itself this week
on the consideration OF the Administra-
ton currency bill
One of the interesting phases of the
situation, phase helpful to the Presi-
dent, is that some of the Democratic
Senators who have been opposed TO the
tariff bill. are trying to take advantage
of the currency situation to show their
loyalty to the President.
Senator Ransdeu of Louisiana Is con-
spicuous in this connection. He has
fought the Administration free sugar
plan and has since been looking for a
chance to square himself with the Chief
Executive. Consequently he has come
out strong for currency legislation with
out delay.
Considerable support has developed
for a plan to decrease the tax on
emergency currency issued under the
existing law and to extend that law.
Senator Clapp has proposed this In the
Senate and Congressman Towner in the
House. Their plans are not Identical,
but similar in principle. Many bankers
have written them that this plan would
be adequate for the present.