Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1913-12-20
CURRENCY BILL
CAUSES HOT
DEBATE
A MOTION THAT THE HOUSE CON-
CUR IN THE SENATE AMEND
hiENTS IS LOST, AND, AMID
SCENES OF DISORDER, MEASURE
GOES TO CONFERENCE.
MANN WANTS TO TAKE
UP HI1CRCOCK'S BILL

Washington, D. c., Dec. 20.-After
a hot debate in the house today ad
ministration leaders had their way and
sent the currency bill to a conference
committee. Attempts to concur at
once in the senate amendments were
defeated 294 to SO.
A group of middle west Democrats
made a futile fight to accept the sen
ate provisions for guarantee OF depos
its, re-discount of six months agricul
tural paper and five year farm mort
gage loans by national banks.
On it's way to conference, the bill
struck a snag in the house where a
fight over the number of conferees
and the question of a separate vote OH
some of the senate amendments caus
ed delay. Representative Glass asked
unanimous consent to disagree to the
senate amendments and send the bill
to conference. Hardwick of Georgia
and Madden of Illinois, contended the
house should have as many conferees
as the senate and said they desired
an opportunity to vote on some of the
amendments. Majority Leader Under
wood was given unanimous consent to
take up the bill, but Representative
Murray of Oklahoma, moved to concur
in the senate amendments and the
reading of the fifty pages of changes
made by the senate was ordered, caus
ing a long delay in getting the bill be-
fore the conference committee.
The fight in the house developed a
movement to insure retaining the SEN
ate amendment for guarantee of bank
deposits.
Representative Glass declared the
enactment of the measure into law, as
it came from the senate would be a
calamity.
- 81 want the bill sent to conference, y
he said, because | am convinced that
as Hhe bill has, been SAzlpletedsby the
senate it would not be a workable law.
He pointed out several provisions in
the senate amendments, which he
said conflicted,
Mr.. Glass attacked the bank re-
serve requirements as amended by the
senate.
"Under this provision" he said, 'the
total reserves of the banks in the sys-
TEN, both in cash and in credit. with
the reserve banks, would be less than
they are at present holding in cash.
Within few months under these pro-
visions we would have saturnalia OF
expansion, of wild imitation
He declared the senate guarantee
provision was mere pretense'.
There are things in this bill
which would bring calamity to this
country, and they ought not TO be
allowed to become law" he declared.
Majority Leader Underwood closed
the debate, declaring that the measure
should be sent to conference, and the
house lined up for vote.
With the house in disorder, Repub-
lican Leader Mann moved to instruct
the house conferees to disagree to the
senate amendments and agree to the
Hitchcock bill rejected by the senate.
A parliamentary wrangle ensued and
another roll call was ordered to shut
off debate.
The bill went to conference. with
the house managers instructed to ac-
cept the senate amendments extend
ing the re-discount privilege to six |
months commercial paper and permit
ting national banks to make five-year
farm mortgage loans.
z, vote of 211 to 81, the Demo
Gratis voted down instructions offered
by Representative Mann to substitute
the Hitchcock bill During the debate,
Representative Glass declared that no
agreement between the
two houses was likely, although other
leaders predicted early action.
There are serious differences be-
tween the two houses" said Represen-
tative Glass, "and I cannot see any
of an immediate agreement"
Then. after the house had wrangled
back and forth for more than four ;
hours, Speaker Clark finally got to s
point where he could name the con- ;
'erees and he formally named Repre- T
,entatives Glass, Korbley and Hayes. E
The guarantee of deposits amend ,
nent was passed during the fight on {
he floor, but when the conference (,
committee was ready to meet, it was 1
understood that Representa-
i've Glass and the house conferees ,(
would stand against it. t
conferees Meet. @
Preparing the administration cur Ii
'ency bill for President Wilson's sig
lature was begun today when house F
Ind senate conferees met to compro- is
Mise differences between the Owen
ubstitute as the measure was known =
IS it passed the senate, and the Glass
ill which was the administration
MEASURE in the house. n
Senators Owen, Reed, O'Gorman. n
'omerene, Shafroth and Hollis, Demo. =,
rats, and Senators Nelson, Bristow :,
nd Crawford, Republicans, will rep 81
esent the senate in the conference. al
Chairman Glass of the house bank rs
ng committee, who was sponsor for n