The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-06-15
TROUBLE BREWS
OVER HENRY PLAN
Spirited Battle Promised by Bill
to Reopen "Money Trust"
Hearing.
MAY EMBARRAss WILSON
Presidents Proposed Currency
Legislation Is Likely to
Be Defeated.
MAY EMBARRAss w
WILSON

Washington. June .14.-Representa-
law with a view to reopening the
money trust" investigation, the same
TO be in lieu of any other action on
currency Legislation at this session has
precipitated the liveliest kind of a row
in the Democratic party in Congress.
More than that. the scrimmage shows
signs Of extending into the national
administration and echoes of it may
even be heard around the Presidents
Cabinet table That the situation is
serious. threatening tho failure of
President Wilson's plans for currency
legislation, is admitted
lntimation of likelihood Of this action
by Mr. Henry was published n week or
SO ago. The introduction of Mr.. Henry's
OH, Following the suggestion of Sec
rotary McAdoo for utilization of the
s50O, 100000 emergency currency fund,
creates situation for the President.
in the opinion of President wilson's
friends at the Capitol. which he will
find difficulty in overcoming
One serious phase is the possibility
that the House leaders. who up to this
| time have been opposed to reopening
the money trust inquiry, may now
swing into line with Mr. Henry, as
they are opposed to currency legisla-
weapon to bat currency reform over
the head and at least stun it until
next session.
Mny Appeal to Caucus.
MT Henry does not propose to rest
content with possible refusal OF the
Rouse committee to report his mea-
sure favorably After waiting a rea-
sonable time. he will appeal to the
Democratic caucus and expresses the
belief that he can win a majority OF
his colleagues to his view and force
the bill out of committee.
TWO elements the present state
OF affairs contribute to the possibility
of Mr.. Henrys confidence not being
misplaced. First. there is the un-
doubted dissemination OF a great many
Democrats TO take hold of the cur
rency question at this time-a question
with which the new membership ad-
init their unfamiliarity. The summer
Is upon them, the tariff halts, affairs
back in the "decstrick" beckon them
and they fam would get away.
In the next place Mr. Henry has
sounded note which finds echo in the
radical bosom-his slogan to resist the
encroachment of the money trust and
] OF Wall street. 1t sounds good to manv
Western and Southern Democrat
Persistently in the past two or three
weeks the rumor has pervaded the
lobbies and committee rooms of n cur
rency bill classed as being fayora bile
TO the banks. That the pendency OF
such described bill could be nothing
more than rumor was assured from the
TACT that the rank and file knew moth
ing or the terms of a proposed bill
because no bill had reached the point
! of perfection where it could be OK
| hibited
! Opposed to Currency Lepi.Ia,,o,
Anyhow, even though the report NAV
| have been, as alleged by some. crossed
on suspicion and unfamiliarity. the fact
remains that day by day there has been
building up wall of opposition to the
| Presidents desire for currency ,e,is-
lation, and that opposition was in mart
the aforementioned natural disinclina-
ton of men to tackle this big subject
and In part increasing doubt as TO the
nature Of Legislation which might be
| passed
The fact that Mr.. Henry is a close
iriend OF william j. Bryan, and that
there has been dreibund of friendly
association with Samuel Untermyer
has led to the circulation of other
rumors-and in this article thew ore
distinctly classified only as rumors-
to the effect that President Wilson'S
Secretary Of State vas not In sympa thy
with the efforts for currency legisla-
ton, and that he was in accord with
tho Henry-Untermyer plan to reopen
| the money trust investigation
| The advocates of currency lecisla
ton are dismayed over the outlook.
Asking remedial Legislation from the
administration. they stand a good
probe which will. 1t is feared by some
OF them, add to an already uneasy sit
uation.