Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-01-22

Endorsement of existing executive reg
ulatlons providing for increased efficiency
OF the consular service. and demand for
their perpetuation by legislative enact
ment. and the designation of a committee
OF i've with power to act for the pro-
motion of the Pomerene bill, which pro-
vides for uniformity of bills of lading in
interstate and foreign commerce. were
accomplished in resolutions adopted.
Recognition OF China.
A resolution urging the United States.
in compliance with precedent in recOS-
nizing the efforts toward self-government
of other nations, to give diplomatic rec
ognition to the new republic of China.
was referred to the committee on resO-
lutions.
President Wheeler announced his pur-
pose in naming the committee of five to
further the Pomerene bill. to select its
personnel from the directorate. so as to
safeguard what might prove dangerous
preceden of intrusting to committee
the power to commit the organization to
its course. motion to reconsider the
vote by which committee was ordered
to be appointed, in view of MIR. Wheeler's
opinion of the danger of the precedent,
was made. The chair declared it's willing
ness to allow the matter to stand as it
was. but the vote was called for. The
motion to reconsider was lost. those vot-
lilS DclnS III ABOUT equal proportion
and against.
To Go to White House.
Announcement was made that the Pres
ident of the United States would receive
the delegates to the convention at the
White House at o'clock this afternoon.
He will also attend the dinner at the New
Willard this evening and make an adj
dress Secretaries Nagel. Fisher, Slim
son. Meyer and MacVeagh, Speaker Clark
and members of the Senate and House
will also be present at the banquet.
Against Central Bank.
Representative Carter Glass of Virginia
chairman of the House subcommittee on
banking and currency, delivered an ad-
dress at last nights session of the con-
ventiOn on Currency Reform" in which
he declared that the central bank idea
of Europe is not adaptable to the bank
ing of commercial habits of the people
of the United States. He advocated
some plan of currency reform that will
unite existing banking institutions of the
country in a way that Will gain the ad-
vantage of joint strength while preserv-
ing the independence and unity OF each
institution.
Mr. Glass declared himself to be for
provision for rediscounts or sale of
commercial paper in way and to an ex-
tent that will enable banks to get fluid
resources whenever their customers may
require; the issue of a safe and elastic
paper currency, gradually displacing the
bond-secured bank notes; regulation of
government deposit of current funds with
the banks of the country, and. lastly,
| more stringent inspection of banks"
Like ''Red Hot Poker"
The rich-Vreeland monetary pIan
Mr. Glass said, came far from remedying
| the difficulties OF the time, and he COM
| pared il to "a red-hot poker held out to
| drowning man."
| Mr. Glass called attention to what ne
said were disquieting symptoms in pres
ent-day finance. Il would not commit
myself to any definite prediction OF a
recurrence of the trouble of 1907 he
| said, but l do say that it would be
the height of folly for us to defer action
until ii is forced upon us by the immi-
nence of panic.
| Although not on the speakers program
Representative Charles y. Fowler of New
| Jersey, VINO has been identified with
| banking and currency matters In the
= House for many years, also delivered an
address, seeking permission to express his
| views He declared that in the last fifty
| years there had not been single change
| in the banking laws of the country, and
he said he, therefore, wished TO eXnOrt
| the members of the National Commerce
| Chamber to watchfulnesS. He urged
| them TO work for refOrmatory measures.
| Unless you have whisker-pulling and
| hair-tearing campaign over this trouble,
J God help you. he said
Homes for Diplomats.
Advocating higher salaries and the pur-
chase of suitable residences for American
! State Department officers abroad paper
! was read before the convention by Evan
| E. Young, foreign trade adviser of the
! consular department of the State De-
! partment which was to have been read
by Wilbur j. Carr, director of the con-
| sular service, who prevented from
| doing so by illness. Other addresses Were
made by T.. A. Filene of Boston, vice
| president of the International Congress
| of Chambers of Commerce. Frank W.