El Paso herald. (El Paso, Tex.) 1901-1931, 1913-06-14

I for harmonious action and predicted
a clear Democratic majority for the
/ tariff measure as 1t comes from the
caucus. The Democratic majority re-
sumed consideration OF subcommittee
reports.
Charge Print Paper Schedule.
Amending the section Of the Under
wood tariff bill which would place
on the free list all print paper valued
at not more than 1-2 cents a pound.
I the majority members of the senate fl
nance committee voted to incorporate
in the bill the provisions Of the Ca
madam reciprocity act passed in 1911.
This action would extend the free
list to include all print paper valued
at not more than four cents a pound
on condition that no export duty, eX-
port license fee, or other export charge
Of any kind whatever. or any prohi
bitiOn or restriction in any way Of
the expectation shall have been i'm
posed upon such paper, board. OF wood
pulp, or the wood pulp used in the
manufacture Of such paper or board.
Operates Against Canada.
Although the word Canada" IS
omitted from the amendment adopted
by the committee, it would operate
against Canada because of that ma
tons restrictions on exports OF wood
and chemical pulp Senator Simmons,
chairman of the finance committee,
said that other restrictive provisions
Canada which have been proposed have
not been acted upon by the majority
and that the matter would be taken
up again He also said that there
might be reconsideration of the action
thus far taken.
Delay Customs Changes.
The proposed reorganization OF the
customs service would be postponed
two years by the passage Of the bill
introduced by representative Clark, of
o
to delay the reorganization six months
Urge Action on Currency.
President wilson wants currency
legislation enacted at the present ses-
sion Of congress and Will bend every
effort TO accomplish that purpose. The
president planned to write his cur
rency message TO congress today. It
VIII De presented about June % or "a.
1t was announced that secretary Nc
AdOO and chairmen owen and Glass. {
OF the senate and house banking and /
currency committees, respectively had i
reached an agreement on the main /
features Of their currency bill
Texan Scores Wall Street.
An undercurrenI OF opposition among !
a considerable number Of house Demo
cfaLS 10 the plan Tor currency legiS-
lauOn at this session of congress took ]
definite shape when representative
Henry, Of Texas, chairman Of the rules
committee, openly charged that Wall
street was back of the propaganda for |
currency legislation. While favOrinE
revision Of both the banking and. cur
rency laws at the next session of con !
Sress, Mr. Henry insisted that further |
investigation Of the sOcalIed money I
trust should be pressed Immediately.
The PuJO committee he declared !
barely scratched the surface of the
facts underlying the concentration Of l
control and money credit but the con- |
TOier OF the currency refused access ]
= MS records, making ii impossible I
1Or the investigators to expose com
pletely the existing relations between I
the Wall street bankers and their al
lies with the trusts and monOpIies, /
stock gamblers and financial con \
spirators."
wall street bankers" he added. I
now are demanding legislation on /
the currency question in order that /
commercial paper (much Of it based on I
rotten securities) and have currency
issued on their assets"
Bill Amends Banking Laws,
M Henry introduced a bill to amend /
the banking laws, so as to make bank
ing associations subject 20 the Wis
itOrial powers exercised or directed 1
by congress or by either house of I
While this was going on it became |
known that the administration meas
ure representing the combined views
OF president Wilson, secretary Of the !
treasury McAdOO, senator owen. of \
Oklahoma, chairman of the senate \
banking and currency, and representa-
tive Glass, chairman of the house com
mittee, would be introduced in the
house Wednesday and a full commit
tee of the house would meet to take /
up the bin within the next day or
two.
1T is an imperative duty to pass
currency legislation at this session of \
congress" said Mr. Glass tonight at
seems singular to me that any well in
formed member of congress should i'm
agine that the need is not urgent"
Emergency Currency Not Needed.
Mr. Henry in his statement accom-
panying his bill, declared that the |
wall street bankers, thinking the peO-
pie confused and upset by tariff re-
vision, have begun their old stand Of \
TO hurry through a plan 4
giving them the right to issue or have !
issued by the government, asset cur
rency.
There IS positively. at present, no
need Of an emergency currency bill,
the Aldrich-Vreeland bill is on the
statutes and has a year to live. It
certainly suffices for that length Of
time"
Charging that the only aim Of the