The Barre daily times. (Barre, Vt.) 1897-1959, 1913-12-20
Are More Kindly Disposed
to Currency Measure
Than Formerly
SENATE PASSED
BILL, 54 TO 81
1t Now Remains for That
Body and the House
to Agree

ANNN 1Oihs ittS' --N' 'HS
the currency bill finds the local bank
ing community, which was none too
kindly disposed toward the measure in
its incipient stages, more or less ready
to accept the conditions of the bill. 1t
is thought that no national banks OF
importance will carry out the threat,
so often heard few weeks ago, to re-
linquish federal for state charter.
The president of one Wall street bank
said to-day that all of the SO national
banks of this city could be depended
upon to enter the new banking system
as soon as the new law took effect.
Washington, ID. G., Dec. 20.-The final
work or preparation Of the currency bill
for the presidents signature was begun
to-day when the House and the Senate
conferees met to adjust their differences
between the Owen substitute measure in
the Senate and the Glass bill, which
was the administration measure in the
House. The plan now is to have the
president sign the bill before Wednesday,
and the administration official will plan
to make the bill Christmas present to
the American people. The bill was
passed By the Senate late yesterday by
a vote of "a to 81.
The forces that had fought together
for the Improvement and amendment of
the measure to the last divided when
the final vote came.
Hitchcock, who led the opposition to
the bill returned to the Democratic
ranks and Weeks of the Republican
leaders with five other Republicans and
Poindexter, Progressive, voted for the
measure.
Wide differences exist between the
form of the legislation passed by the
Senate last night and the bill that
passed the House several months ago,
The Democratic leaders have adjust
ed these differences and predicted last
night the bill will be completed by
conference committee and sent to the
president for his signature by Monday
night.
Throughout the afternoon Mrs. Will
son and a party of friends were inter
ested spectators of the proceedings.
Mrs. Wilson left just before the bill
passed.
To hasten the final enactment the
Senate named conference committee
which will work with the House com
mittee to compose all differences be-
tween the two bills.
The chief points of difference between
the House and Senate follow;
The House provided for twelve re-
-. a.. -
twelve, discretion being left to federal
reserve board.
The Senate added provision creating
a fund to guarantee deposits of failed
banks that are members of the reserve
associations. The House limited the
rediscount of commercial paper at re-
gional banks to that maturing in 90
days.
The Senate provided that $50 day ag-
riculture paper be accepted under GER
tain limitations. The gold reserve re-
quired of regional reserve banks against
circulating notes is placed at SO l-3 per
cent. by the House and forty by the
Senate.
The banks will be permitted to loan
on five year farm mortgages by the'
Senate; on one year mortgages by the
House.
How the Senators Voted.
The senators who voted for the Owen
bill We're:
Democrats-Ashurst, Bacon, Bank
head, Bryan, Chamberlain, Chiffon,
Clarke, Fletcher, Gore, Hitchcock, Hollis,
Hughes, James, johnson, Kern, Lane,
Lea, Lewis, Martin, MARITIME, Myers,
Newlands, 0pGorman, Overman, Owen,
Pittman, Pomerene, Ransdell, Reed Rob-
inson, Salisbury, Shafroth, Sheppard, |
Shields, Shively, Simmons, Smith of Ari- |
zona, Smith of Georgia, Smith of Mary
land, Smith of South Carolina, Swanson, |
Thomas, Thompson, Tillman, Varda- |
man, Walsh and Williams-47
Republicans-Crawford, Jones, Per- |
kins, Norris, Sterling and Weeks-6.
Observation-Disclosures
Those who voted against the bill
were;
Republicans-Borah, Bradley, Brady, |
Brandegee, Bristow, Burton, Catron, |
Clapp, Colt, Cummins, Dillingham;, Du- |
pont, Gallinger, Golf, Gronna, jackson,
Kenyon, La Toilette, Lippitt, McCumber,
Mclean, Nelson, Oliver, Page, Penrose,
Root, Sherman, Smith of Michigan,
Smoot, Sutherland, Stephenson, Town
send, Warren and Works-34.
Absent and paired -Burleigh, Clark of
Wyoming, Culberson, Fall, Stone, Lodge,
Thornton.
Vacancy-A1abama