Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-08-26

| w LETTER
BY r = WALKER
BIG STICK HOLDS REBELS"
BY r v
Star stan Correspondents
Star Bureau,
Metropolitan National Bank BLDG
WARRINGTON, Aug. 20.


Metropolitan National Bank Bldg,
WASHINGTON, Aug. 20.
Fear of the administration big
stick, and of loss of patronage is the
sole influence that Is so far ayertlng
an organized bolt from the Demo-
cratic caucus by majority members
of the House who oppose the Glass-
Owen currency bill.
Steam-rollered in their effort TO
strike a blow at the money trust by
forbidding interlocking bank direc-
torates and certain of defeat in their
attempts to place farmers and
producers on an equality with mer-
chants and manufacturers in facili-
ties for obtaining bank credits, the
group of Democratic so-called in
surgents,' led by Representative
Henry, of Texas, are trying to get
their courage UP to the point OF be-
coming real insurgents, boiling the
caucus defying the administration
and carrying their fight onto the
floor of the House of Representa-
tives.
The opposition to the bill is reeov-
ering from the effect of William
Jennings Bryan's Endorsement of the
measure and instead of placating the
insurgents the main effect of the
Bryan letter promises to be to de-
stroy his influence and leadership
among the radicals in the House,
who are accusing him of having de-
serted his old standards and become
conservative and timid In his politics.
With the administration in control
of at least two-thirds of the House
majority leaders are predicting that
the currency and banking bill will be
out of caucus before the end of the
week. and that 1t will pass the House
with little delay, with the entire
| Democratic membership pledged to
its support, and without change or
amendment.
The only amendments to the
| measure being permitted in caucus
are those concerning details in the
administration of the bill or methods
of organization, which do not affect
its general purpose and program.
President Wilson'S desire that the
measure shall be purely a CONNER
cial banking bill is being carried OUT
by the majority leaders in the caucus.
and the Presidents orders that thr
recommendation of the Pujo moneN
trust committee and its findings shall
be ignored in the pending legislation
are being strictly obeyed.
1t has been brought out in the de-
bate that instead of being prepared
by prominent students OF economies
and experts on financial questions, the
pending bill was drafted by H. Parker
Wills, correspondent for a New YORK
newspaper, who was employed by the
House committee as an expert.
An ANALYSIS of the Glass-Owen bill,
and of the Aldrich bill, denounced by
the Baltimore convention, has been
made which shows the main features
of the administration measure to be
so nearly like the main features OF
the Aldrich bill as to be hardly dis
tinguishable.
Paragraph for paragraph, word for
word and page for page, large part
of the bill being urged by wilson and
BRYAN, is copied from the Aldrich bill
Aside from the substitution of regional
reserve banks for central bank, gov
ernmental instead of banking control
of the reserve bank boards, and gov
eminent instead of bank issue of cur
rency, this analysis, carefully made
for the use of a senator who will fight
the measure when it gets to the SEN
ate. shows the entire plan of the
Aldrich bin to have been generally
written into the administration meas
ure, care evidently having been taken
to rearrange the text matter so that
the 1QenllCttl ldltS ueiBt anu ~
of other sections would not be recog-
nized in a superficial study of the
measure.
Insurgents against the administra-
ton orders to pass the bill without
change are comparing their position
with that of the Republican insur-
gents who revolted against the Payne
Aldrich tariff bill the Vreeland-Ald-
drich currency bill and the Court of
Commerce legislation sent from the
White House by President Taft with
the same kind of orders. The Demo-
cratic would-be insurgents are recall
ing that Taft refused to recognize the
insurgents who bolted his legislative
program, in the distribution of pat
ronage. Some of them are also recall
ing that while practically all the Re-
publican insurgents against the Taft
program are still in Congress, there
are very few left of the Republicans
who stood by the Taft measures.