Las Vegas optic. (East Las Vegas, N.M.) 1908-1921, 1913-06-16
he DESIRES EARLY ACTION
WANTS THE MONEY LEGISLATION
ENACTED BY THE SPECIAL
SESSION
HE HAS LITTLE TO SAY
DECLARES THE MESSAGE AND
THE PROPOSED BILL WILL BE
FORTHCOMING SOON

Washington, June President
Wilson probably viii read his curren-
cy message, possibly to both branches
Of congress assembled in the hall Of
the house, as he did his tariff mese-
age. He finished writing the message
today. 1t Is about 1900 words Ions
and urges immediate revision Of the
banking and currency laws.
The president expects the currency
bill to be launched in both houses CT
congress some time this week. 1t rep
resents the administrators view and
according to Mr.. Wilson himself, will
be mo mans" bill but the results of
common counsel among currency I'D
Vocates where suggestions were con-
densed and formulated by Secretary
McAdoo of the treasury department,
Chairmen Owen and Glass Of the SER
ate and house banking and currency
committees, respectively, with The.
advice and assistance Of the presi-
dent.
At the semi-weelzly conference witi1j
the Washington correspondents today
the president was asked for an exp'a-
nation Of some Of the principles Of
currency reform, but said that mas
much as the bill and his own mess
age would be made public within a
week, he would refrain from comment.
The president was undecided as to
whether his message would be pre-
sented to congress in advance of the
currency bill or whether both would
be made public about the same
time. The impression prevailed,
however, that the bill will be introduc.
ed in both houses by Wednesday or
Thursday, and that the president Will
pronuonce his views to congress about
June 49,
Chairmen Owen and Glass confer
red again today and Mr.. owen after
wards announced that the bill prac-
tically hal been completed, would be
considered in committee this week
and taken up and passed before the
extra session adjourned.
This talk Of no currency Iegisla-
tion at this session. said Senator
owen, ~is based on artificial senti- T
ment. 1t is sentiment stirred up by 7
persons who don't want currency leg,
islation. Some Of it. Of course, springs
from the idea that it is a deep subject T
which will require prolonged study I
and debate. This is because no CON
crete proposition has been submitted
for the consideration Of the senators /
When we present tangible PROPOSE
tion, think they will see that the
problem is not such difficult one
after aIl.s
Senator Owen believes in a plan.
which the bill will embody Of rel
gional reserve system and a central {
board Of control dominated by the fed
eral government.
Personally said Senator Owen
4 believe that the bankers should get
out Of the governing business, Just
az the bankers have argued that the
government should get out OF the
banking business"
With Representative Henry'a effort
to reopen the money trust inquiry
Senator owen is in accord. except
that he does not agree that 1t would
delay currency Legislation.
Currency legislation may proceed T
just the same, said the senator
think that Representative Henry is
right in demanding further investisa-
ton Of the money trust. and believe
# the public is given the whole truth,
certain big bankers who have posed
as benefactors and patriots may be
shown in a different light