Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1913-03-22
Probable That Monetary
Legislation Will Get At
tention at Extra Session
Of Congress This Summer
BRITISH PAPER
MAKES COMMENT
English Press Commends
President Wilson's Policy
Toward Chinese Loan OPP
posing Dollar Diplomacy.

HOol1S DOAAoA DAPAOAAAo%SJ
Washington, D. c., March I'll En-
couraged by the rapid progress already
made in the preparation of a tariff re-
vision bill, close friends of President
Wilson predicted that there surely
would be currency reform before the
extra session of congress adjourned
next summer.
The president talked Informally with
some Of his callers about the prospects
for currency legislation. They went
away convinced that while the presi-
dent would devote himself first and
foremost to tariff revision. he now
hoped that at least a start on none
tary reform if not actual legislation,
would be possible during the extra
session. ...E....
From the first the president has
believed in the necessity for immedi-
ate currency reform, and though
anxious that congress should focus its
attention and that Of the nation on the
tariff question he never has given up
the idea of getting currency measure
before the country within few
months. Some Of his friends said
that they were particularly hope
ful for currency reform because Of the
attitude OF the democratic leaders In
congress toward expeditions action on
the tariff. Senator Simmons, chair
man of the finance committee, is re-
ported to have said that the tariff
could be disposed of within three
months. Like the tariff, the currency
bill when drawn will be presented as
a party measure, carefully worked out
by congressional committees in CO.
operation with the president. 1t will
not be made public, it is said, until 1t
has been closely studied by members
Of the cabinet, recognized authorities
on currency questions, and some of the
leading business men of the country In
whose Judgment the administration
has confidence. 1t is pointed out that
all the work of preparation can be
carried on inconspicuously while the
tariff debates occupy the center OF the
stage In congress.
Republican Caucus April 5.
A caucus OF house republicans will
be held April for the purpose of or
ganization. Minority Leader Mann, Of
Illinois, will be his party's candidate
for speaker.
The progresslves will discuss their
line OF action in the coming session at
a meeting to be held April 2. Repre-
sentative Murdoch of Kansas. is
spoken of as their candidate for
speaker.
The democrats will hold their caucus
to pass upon the tariff policy and the
house organization on April 7 or 8.
Representative Hinebaugh OF 1lli-
nois has issued a call for the
progressive caucus on April 2. The
progressive spokesmen are avoiding
predictions Of strength until after the
members begin to gather in larger
numbers for the extra session, but they
figure on anywhere from fifteen to
thirty, including one or two from Cali
fornia, to line up as progressives on
the issue OF speakership.
British Press Comments.
London, March 21.-While the opin-
ion prevails in the London stock ex-
change that the other five powers will
continue negotiations. with regard to
the loan to China in spite of the with
drawal Of the United States, political
circles tend to the view that President
Wilson's action means the dissolution
o fthe group. -
The Daily News, which has been a
consistent opponent of the group, takes
the latter view, and expresses the
hope that the other powers will fol-
low the United States and withdraw
their support. The News continues:
president Wilson's action, is the
more valuable because 1t belongs to a
general policy, and he means to have
nothing more to do with dollar diplo-
macy which makes the foreign Of
fees instruments of international
finance"
The Morning Post, also inferring
that President Wilson's action means
an end to dollar diplomacy" says:
Whatever they may wish. the
democrats are unable to escvape the
responsibilities which rest on their
country in Central America. Political
and military adventurers In small re-
publics pay little heed to mere ex-
hortation, and If the president does
not wish to continue the republican
policy he will have to find other
means Of enforcing his WILL"
d 3, r M & ~ 4