The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-06-24
y. \. .ss TON
ON CURRENCY laws
rREsIpEHr SMITH rNDITns LrrTrn
70 coNGaEssroNAL DnEr0A-
ZION rAoM VIRGINIA.
WRITES WILSON. TOO
s0LoNS SEND VARYING REPLIES,
THOUGH MOTT or THOSE Ar
PRoAcKED ARE m FAVOR or
IMMEuGATE ACTION.

Reminding them Of the fact that
the substantial commercial interests
OF Richmond are practically . unit In
the demand for q revision OF the bank
Ing and currency laws without delay,
President Alvin NJ. Smith, OF the Busi-
ness Mems club recently indited COM
munications to all the members Of the
Virginia delegation in congress urging
the passage Of law at the present
extra session. President Wilson and
Chairman Oscar W. Underwood were
not neglected either. and the issue was
put sQuarely up to both Of them in
President Smiths letters.
The Business Mems club put itself
sQuarely3 on record on March 9Th
with 4 resolution demanding imme-
diAte revision Of the currency laws
and the club represents over 100
Of the substantial. business men OF the
community.
Some Replies Received.
Quite q number Of replies have
been received by President Smith and
few OF the congressman who have ex-
pressed themselves hesitate to pledge
their support to legislation at the
present session.
The only word from President
Wilson was a note from Secretary
Tumulty informing President Smith
OF the fact that he called the matter
to tho Presidents attention.
Congressman e. e. Holland, OF the
Second district, promised to give the
matter his careful consideration"
Senator. Thomas 8. Martin declares
that he sis eminently in favor of
prompt action and will give the sub
ject his close attention.
Congressman Walter A. watson IL
doubtful whether 1t will be practical
to deal with a subject OF such i'm
portapce In any very expeditions way
and desires a reasonable timo 30 Tar
az he Is concerned to study the ques-
ton. He is perfectly willing that the
time of the extra session should be
devoted to It.
Cannot Evade Issue.
Congressman c. x. CARING be-
lieves that congress cannot evade leg
islation relating TO banking and cur
rency at the present session.
Congressman Carter Glass declares:
IT am doing all In my power to Inn
press my colleagues with the inn
perative necessity Of currency legis-
lation at this session"
Oscar w. Underwood does not take
an altogether optimistic view of the
outlook. IT IL a question. he says,
whether the house has sufficiently di-
gested the new proposals to be ready
to act on them at the present session.
and expresses the opinion that IL IL
impossible to say whether action will
be taken this summer or whether the
currency legislation will have to be
deferred until next winter.
Text OF Letter.
The text OF President Smiths letter
follows:
Honored Strive have noted in
the Associated Press report this
morning that Mr.. Underwood does not
believe or feel that banking and cur
rency reform can be had at the extra
session of congress unless the business
people get behind II and push 1t.
We wish to. call your attention to
the fact that the Business Mems club
OF Richmond. Va. on March 6, 1912,
passed resolution favorfng imme-
diate revision OF the banking and cur
rency laws OF our country. The mem
bership of this club u composed of
over 100 OF the most substantial men
In this community. and we fail to see
how Mr.. Underwood or any other
member Of congress can eyade the Is
sue At this time.
We urge the passage OF banking
and currency law at this extra session
of congress. and trust that we may
have tho ntsaeu ~ sing our
memt.ar.KS LOOSENED. c.,r
"a 4. /.
hough Steve Griffin has frequent
MED that he was headed for the
managership OF the Colts, thu.
~ of Joe NOEL and his excs.dent
showing in yesterdays r.