Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-05-31
Washington
Y Y LETTER
Nv L 2 MAI kER
WILSON WINS IN CURRENCY

Star stnn oorresponaent.
Star Bureau,
Metropolitan National Bank Bldg
WASHINGTON. May 81.

Star Bureau,
Metropolitan National Bank Bldg.
WASHINGTON. May 81.
President Wilson is to have his
way, and a currency bill is to be in
PRODUCED and passed in the House
during the special session of Con-
gress.
Whether the bill will also be taken
up by the Senate at the close of the
tariff debate, or will lie over for SEN
ate action until the regular session
next winter, will depend in the Sem
ate itself.
The White House proposal to have
currency legislation taken UP at the
present session, II is now known, has
been opposed from the start by Oscar
Underwood and Speaker Clark, who
have objected to the Introduction of
any other subject at the special ses-
sion, as being likely to divert atten-
ton from or divide interest with the
tariff bill.
Demands from every section of the
country, from business interests, for
currency action, however and the be-
lief of the President and his advisers
that currency legislation is necessary
as a close follower of the new tariff,
to spike the guns of the money trust
and possibly obviate anything like g.
made o-order tariff panic, has led
the administrat ton to insist that cur
reney legislation must be at least in
itiated at the present session.
After several weeks of conferences
on the subject, the Underwood-Clar
practically told the President that
while they will no longer oppose his
program, he will have to take care of
the money legislation without their
help.
To Be an Administration Bill.
1t is the present program to force
through both houses of Congress
currency bill that will be marked as
an administration bill. It is not at
all certain, however, that this can be
done.
There are already rumors of revolt
in both houses over the currency pro-
gram. Carter Glass, chairman of the
House committee on banking and cur
rency, has bill which is declared by
more radical Democrats and by the
Progressives to be merely the Aldrich
commission bill in Disguise. Senator
Owen. has bill and other members
have bills.
1t has been suggested that Secretary
of the Treasury McAdoo should take
all these bills and out of them COM
pile one that can be forced to passage
as an administration measure. But
it is certain that any bill emanating
from him will be put under very close
scrutiny by radical members of both
houses and of all parties.
Then, too, the understanding is that
Glass and some of the others who are
urging particular measures, want to
pass bill giving greater elasticity to
the currency and ignoring the money
trust question, and this does not meet
with general approval, even among
Democrats.
Aim to Destroy Money Trust.
In fact, number of members of
both houses. and including both Dem
ocrats and Progressives, have an.
rnounced that they will not permit the
passage of any measure affecting the
currency which does not provide for
destroying the money trust.
Another crowd of Democrats, with
Republican backing, is demanding
immediate continuance of the Pujo-
committee investigation of the money
trust. Men of this crowd say that
the Pujo hunt did not really go to
the root of the money power problem,
but merely touched some of the high
spots, and developed just enough
facts to show the need for going
further and deeper into the question
If the House passes any kind of a
currency bill, it is very likely that
there will be enough senators to in
sist on senatorial action at the pres
ent session to force a continuance of
the debate in the upper house with
out recess.
A large section of House members,
of all parties, are growing restless
over the prospect of two or three
months of inactivity in the House
while the Senate debates the tariff
and are anxious to follow the Presi-
dents lead and take up the currency
question as quickly as possible.