Arizona republican., 1913-12-16
In First Test of Strength On Democratic Measure Vote Carries Tabling of Substitute for Section Two of the Bill.
REED REPLIES TO
 ROOTS ATTACK
Says That Typewriter Doc ument Proposing Senator Root for Presidency Was Given Press Before He Made Speech.
TAssocIArED PRESS D1spATcH1


 WASHINGTON, Dec. 15.-Nictory ! for the administration forces in the first test of strength on the currency reform bill marked today's session of 1 the senate. The vote tabled the sub stitute offered by Senator Hitchcock for section two of the administration bill, proposing a system of four re gional banks, with a possible increase to eight, the regional bank stock to be owned by the public.
 Defeat of this amendment virtu- ally insured the adoption of the Owen plan, which provides for from eight to twelve regional banks, with the stock owned by the national banks which become members of the spective regional banks. Democratic leaders assert that the result of the test vote, including one of the most important features of the fight indi- cates the complete success of the administration measure.
 Efforts to reach an agreement as to the time to begin the final voting on the bill were not successful today, but leaders of both sides looked for ward to an early termination of the debate on the bill and for final action before the close of the week
 When the Hitchcock substitute had been tabled. Senator Reed made a speech. defendending the Owen bill, replying to Senator Root who on Saturday attacked the measure, and called Secretary Bryan the dominat- ing influence" behind the proposed new currency system. Replying di- rectIv to Senator Roots prediction that undue imitation and financial panic might ensue. if the currency bin is passed in it's present form. Senator Reed said that no imitation of the currency could occur until sound money men who run the banks" brought it about
 Senator Reed said a typewriter document proposing Senator Root for the presidency had been prepared and given to the press before he made his speech.
 Ut is not difficult then to under stand why the secretary of state was brought in" he added.
 When the voice of ambition calls it is not difficult to understand that men will let their interest overcome their spirit of fairness and candor"
 Senator Hitchcock made a sharp attack on the control of the regional reserve banks by the banking inter ests of the country. He declared this feature of the bill would turn over the country reserves to the use of these bankers and would legalize methods of combination of control against which the country has long protested.
 Quoting the speech of Senator Stone on Saturday, in which the latter at tackled A. E. Hepburn and Frank A Vanderlip of New York and Milton Ailes of Washington, as representa- lives of the class of bankers who are fighting effective currency re- form, he insisted that under the democratic bill control of the cur rency system of the country would be turned over to these other bankers.
 If the Vanderlips and Allies are going to control" interrupted Senator Stone, 'it is remarkable that they are opposing this whole system They have been down here fighting it and are fighting it yet They are invok- ing every agency to defeat it. They want central banks"