The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1913-12-24
By ASSOCIATED REs

washington DSc. 23.-PreSiden
Wilson signed the Glass-Owen clirren-
| cy bill at o'clock tonight Members
Of the cabinet and congressional lead
ers were present at the ceremony
The bill came to the president early
this, afternoon after the senate had
approved the conference report by a
vote Of 45 to 20. The democrats voted
solid for Il and were joined by Jones,
Norris and Weeks, republicans, and
Poindexter. a progressive.
10 a distinguished group which
Eat1ered TO witness the signing of the
bill the president delivered short
address. He declared the measure
furnished the machinery for free.
elastic and uncontrolled credits which
has been put at the disposal of mer-
chants and manufacturers for the first
time In fifty years"
He expressed gratitude to the con-
gressional leaders who helped frame
the biIl and pushed it TO its enactment.
He said in the preparation Of this leg
isIation the party leaders had shown
a growing aptitude for team work"
and predicted other great constructive
measures would follow. The president
declared the bill party measure. but
pleased that SO many republicans CO.
operated IN making It perfect Il
The tariff bill, said the president, re-
moved eeat ifnpe6in ents to Industry
!. y ~a54,s Rs -
sarlta9e of the new epseoltusnait ties
vvf,irh meant new day Il acnleEe-
:, - .szss- sss9 fey. American industry We've
cine TO the beginning OF rnat uaSs
sssS,a kha president and men are ~
longer resisting the conclusions lnsl
nation has arrived at as 10 the nsSSos-- nsA
f5,sinass men Of all sorts are showing
: WILLINGNESS to come into this new
arrangement -. 4,,t,v,
The occasion was Joyous ratner tllan
solemn. The president and consrsss-
men were in happy numor oser lle
victory ana prospect of vacation. =.
TmmediateIy after passage OF the Dill
congress adjourned for two weeks. ana
the president was preparing TO leave
in 8. few hours for q rest IN the souln-
RRISTOW MAKES SPEECH.
WHEN tlae senate debate began un-
a., fIse agreement to vote by 2:So this
aFternoon. senator Bristow, one OF the
ssanr1bltcans OF the banking commlttee
who had been denied adIn1tlalce 70
tre deliberations OF the Democr1llS
conferences led Off with en- attack, say
~ . he nroposed to express his opinions
where they would get into the perma-
nent record.
The agreement placing the secretary
oe the treasury, secretary or asrlcul-
t,,,.e and COMPTROLLER of the currency
~ -. +y,s ronanniftee to organize the new
system. he declared was move 10
bring the whole system under polilicaA
control .s-.,z
that Senators Bristow, Nelson, and
other republicans who oppose me con-
ference agreement Woula nave
three hours to talk ..,..x.
sanafor. Bristow declared he believ-
ed senator Owen had excluded MN
from the conference for fear he wou4d
1oin some OF the democrats against
Owens pet measures.
sTt was done because he knew he
could not control my vote, cried Nir. MI
T3rIstovy "as he could not contfo1 the
votes of some of his Democratic COL
leagues in the interests OF certaln
lesss u..ses4 I,avI<lnc, interests that have had
La1d fhroughout in framing this
%til The senator from Oklahoma mas
,..-eerted the most offensive provisions
- 4he Aldrich bill and has covered
tl,ena with a mask to deceive the peo-
pie" ,-.. e.-.,e,.. rsr;s.
80 I,ad been excluded from the de-
1ss.sv,a f{ons of the democrats because
4hexy aid not want their conference TO
..hecome q debating society
ssIf the senator from kanses laanas
- can split the democratic party to
.,,t his own convenience and change
sts nolfcies as he desires, he is mis-
4-I.ay, - said Mr.. Owen. He tried II IN
the banking, committee and failed.
s.Nfy allegation is that this bill mas
SnaaYa drawn IN the eN4CSSN7 ~NN~
Ds1sL D7y.. - Continued Senator Bristow.
.stnaf the senator from Oklahoma Is
,srrelv interested in banking: that the
nrofits derived from this system Dy tne
ranks he is interested IN VIII aad ol
res.tIv to his personal fortune and that
- has voted To increase from to
-1e,. cent dividends paid by the new
1-arionai banks on the stock held oy
Ersstoyss attack was based on a rule
- Tefferson's manual OF parliament
9rrv practice, that a senator should not
sss.fe On legislation in which he was di-
,-s~tyv interested. Bristow read u
-,suvspaper clipping that purported TO
mote senator Owen as saying he had
taken stock in a new national bank
=, ~. orga anized in St. Louis.
CHARGES ARE FALSE.
~, owen retorted that BTistowss
.s,arres were false and ridiculous
senator Owen said that tWehty- -four
tcontinued on Page Twol