The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-08-18
Con gressmen Settle
Down to Long Grind
Of Legislation.
WILSON'S WISHES
AGAIN PREVAIL
Both Tariff and Currency Will
Be Settled Before Congress
Quits, and Snow May Fly
Long Before End Is in
Sight-Speaker Clark
Confident.

Washington, August 17.-Congress.
having yielded to the wish of Presi
dent Wilson and sent home for It's fall
clothes. members are becoming recon
-ciled to blasted vacation hopes and
settling down to complete tariff re-
vision with deliberation and to take up
currency reform without undue haste.
When the special session will be
ready TO adjourn has ceased TO be
subject OF speculation. 80 one pre-
tends to hazard any more guesses. and
leaders in both houses declare that
currency legislation is to be completed
even IL II is necessary to run right up
to the regular session In December.
Senator Gallinger. speaking In the
tariff debate yesterday OF the necessity
for Republicans to debate certain pro-
posed rates at length. was asked II
he had sent home for his winter
clothes. Ho answcred with an afflrma-
tive nod. About 1889 p. NJ on No
vember 80" Speaker Clark Is writing
friends who ask him about adjourn
incnt.
Clark Confident of Success.
with the currency bill still in tho
Democratic caucus of the House.
Speaker Champ Clark issued state
ment tonight. in which he asserted
that the bill would he sent to the SEN
ate early in September with solid Dem
ocratic support. Representative Henry,
chairman Of the House Rules Commit
tee. also issued a statement relating
to the hesitancy OF some Democrats TO
accept the bill now written. Indi-
cations that the Senate Democrats pro-
pose to make a bin OF their own are
Increasing. and efforts TO commit them
10 any currency bill or definite policy
failed at the caucus last Thursday
night Speaker Clark In his statement
on the situation, asserted that the
Democrats In the Baltimore convention
promised tariff and currency reform
The promise 10 revise the tariff down
ward, he said, now was practically an
accomplished fact, while the redemp-
tion OF the currency promise ''is inst
beginning"
That is to say" the Speaker con-
iinued. The currency bill has not been
presented To the House Having passed
the hrst stage. that is. action by the
democratic membership OF the House
Committee on Banking and Currepcv
whatever of difference exists among
Democrats are being threshed out in
me caucus. the proper place to thresh
'hem out After caucus action we will
as we have done on important cues
lions for three years, present n solid
front and send the bill to tho senate
early in September. Abundant onnnro
tunity for debate and amendment vii,
be offered. Nobody has any disposition
10 railroad IT through either the caucus
or tho House
democrats United Now.
Originally Democrats were divided
IN opinion RS to whether the currency
question should be disposed of at tbis
session or should be postponed untiI
'ho regular session. but President vii
son. In the exercise OF his constitr.
eionaI junction. delivered his currency
message urging action. since yrbicb
event the public expects currencv IT,
lslation at this session and b,.inae,
mon OF all sorts and sizes. farmers
miners merchants. nanufacturer.
bankers, etc. desire that a bill shall ho
passed. thereby ending the uncertainty
or the situation.
Giaas-Owen bill as perfect TO bel,awe
.nae IL Is q great Improvement on tba
present patchwork aystem.
Hat VIII be counted as among the
sooa features of the hill by such great
@ @uiturai constituencies as rep.
resent, is the fact that 1t makes NJ
vision In the savings department for
.odhs on improved farming land
prand new thing for national ba
another is the fact that 1T Will tend
70 Keep the peoples money, in places
"here IL Is owned and not concontrata
SO much of 1t in one place: sti,i a.
ether feature which rural folks vii,
morse Is that 1t prohibits the loaning
OF banks deposits for purposes of snec
ulaion In stocks and bonds; but the
80 OF II Is the governmental
control of the national banking svstam
~ is objected that 1t confers too much
po"er on the Federal reserve board
put power must be lodged somewhere
III somebody, and it is better to lodge
lt In a government board than in pri-
vate hands a.
Presidents Fnmc mt Stake.
a Presidents fame will rest Iorgo,,
or the Justice. wisdom and PATRIOTISM
win which the Federal reserve board
uses its great powers and DISCHARGES
us important duties. Conseuuently. as
any PRESIDENT desires the good of the
i'copie and is jealous OF his own fame
ne VIII appoint men only of ability.
character and patriotism on the Fed
eral reserve board, and then keen close
watch on them to the end that all the
people may be treated impartially and
tnnt our present prosperity may in
crease cit is thing incredible that
any President will be ever SO base or
regard his own ground so lightly as
tt abuse the stupendous trust commit
ted to his keeping by the Glass-Owon
currency BILL
representative Henry said slow prog
ress on the currency measure was nat
ural in view of existing conditions
The Baltimore PLATFORM" Mr. Henry
asserted, declared against the Aldrich
Iill-an asset currency measure. On
Friday Mr.. Underwood freely admitted
that this bill undeniably provides for
an asset currency. Practically every
Democratic Representative now freely
admits that Underwood correctly inter- |
prets 1t.
And most assured1y, such being the
case, the Democratic Representatives
are hesitant about embracing 1t as now
written. Those OF us who arc insist
ing that II this country must go per-
manently to tho doctrine of asset cur
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