New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-21
Expresses Absolute Confidence
Bill Will Be Passed in the
Present Session.
SUGGESTS A HOUSE RECESS
Wilson Invites Underwood to
Confer on the Subject, and
Negotiations Begin to Let
Members Go Home.
From The Tribune Bureau.l

| would be passed in the present session
according to his programme, his sanguine
! attitude being based on assurances, he
asserted, that report on the measure
might be expected not later than the first
week in November.
There were also developments. confirm
ing The Tribune's exclusive announce
ment. pointing to a recess of the House
pending the consideration Of the currency
! legislation by the Senate. In letter to
| Representative Underwood, the President
expresses a willingness TO confer with
! the majority leader regarding "the acton
| the House should take while awaiting the
result and this is taken to indicate that
he will approve a plan 10 give the House
members a vacation.
! Unanimous consent will be necessary to
| pass joint resolution for a recess. be-
cause there is no quorum of the House
| IN Washington. Because OF this situa-
, ton, the President realizes that the ques-
| ton of a recess is up TO the minority for
| the present
| President Wilson told callers to-day
that he believed that the bill would be-
| come n law without any fundamental
| changes in the measure. He admitted
that there were several debatable phases
! OF the BILL but said that eventually he
| hoped there would be a unanimous re-
port from the committee, and he had
| received strong limitations to that effect
The number Of regional banks. he de-
| clared. was not necessarily fundamental,
except that there should be enough 10
conform TO the principles Of the legisla-
ton.
Friends Of the President were jubilant
to-day over what they believed TO be a
happy termination OF the differences
among the Democrats regarding the ex-
pediency Of the currency legislation. They
asserted that the President had won his
fight against adjournment before the cur
rency bill was passed, and that there
would be no more bitches OF any conse-
quence.
In his letter TO Representative Under
| wood Mr.. Wilson said
81 have had conferences with members
! Of the Senate Committee on Banking and
| Currency, both Democrats and Republi-
cans. AS a result Of these conferences |
| feel confident that report on the bill
| may be expected not later than the first
week in November Most OF the mem
| bers OF the committee with whom have
conferred have shown themselves keenly
aware OF the disadvantage to the country
Of any unnecessary delay.
81 believe that the action Of the Senate
upon the bill will follow within two or,
at the most, three weeks after the report
is made. | do not believe that there viii
| be any attempt TO delay It's passage by
dilatory tactics. Senators on both sides
realize that the business Of the country
awaits this legislation. impatient Of being
| kept In suspense, and display a most
public spirited desire TO dispose OF 1t
promptly. The passage OF the bill is as
| sured.
I'm these circumstances | should like
TO confer with you, as you so kindly sug-
gested, as to the action the House should
take while awaiting the results
Following the receipt OF the Presidents
letter Representative Underwood opened
negotiations with the minority leader. Mr.
Mann, TO bring about a thirty-day recess
of the House. Mr. Mann promised to
sound out Republicans. both in the Senate
and the House. and make an answer TO
Mr.. Underwood's suggestion tomorrow.
| The minority leader declined to be spe-
| cihc, because of the several complica-
| tons which would attend the adoption Of
a resolution permitting one branch OF
/ Congress to recess while the other re-
NAMED in session.
| The minority leader is firmly OF the opin-
| ion that both the Senate and House should
| adjourn outright, but If an understand
ing can be reached the recess plan may
| publicans. Mr.. Mann explained. however.
that the attitude of Senator'S would
| largely affect his reply to the adjourn
ment proposal. He does not care TO give
support TO a resolution for a recess which
may be rejected by the Senate, and at
the conference between Mr.. Underwood
| and Mr.. Mann II was decided to make q
thorough canvass of the situation at both
ends Of the Capitol before the Presidents
accompanied by a resolution permitting
House members TO take recess. while
the Senators continue at their posts.
That the President is rather optimistic
| In predicting the passage of the currency
bill in November is the general opinion in
the House. as we'll as the Senate Ex-
perienced legislators are unable to under
stand on what hypothesis the President
bases his hopes for ouch early action.
| Senator Hollis and one or two other
Democratic members 81 the committee
who support the President agree with his
views Of the situation. The committee as
a whole. however. believes that the hope
that the bill may be passed before De-
cember hangs on a very slender thread.
Some Senator'S predicted to-day that the
measure would not come to a final vote
until some time in January.
Victor Morawetz. OF New York. disap-
proved OF the single bank idea to-day be-
fore The Banking and Currency Commit
tee on the ground that II would provide
occasion for the exertion OF political in
fiuenoe.
THE demands Of different sections of
the country are so different" said Mr..
! Morawetz. that they had best be ad-
ministered to by regional banks. II you
! have but one bank. the South for ex-
| ample. will want money to hold its cotton
for better prices, and political influence
will be brought TO bear upon the board
II there are not less than Ave banks. this
sectional conflict OF interest will not
arise. Each section will look after its
| own needs"