The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1913-05-31
TAKE UP CURRENCY
VIRTUALLY IDENTICAL BILLS
WILL BE INTRODUCED IN
HOUSE AND SENATE.
RECONCILE EAST AND WEST
Problem Which Confronts President
Wilson Is to Make East and West
Meet on Common Ground on
Financial Legislation.
BY GEORGE CLINTON.

BY GEORGE CLINTON.
Washington.-It seems to be as
sured, and the Democrats apparently
80 believe, that the currency bills
which will be introduced into the
house and senate will be virtually
identical and that the two measures
will express the wishes of the admin
istration on legislative subject
which has troubled financiers and the
lawmakers for a good many years.
Representative Glass, who will be
the chairman of the house committee
on banking and currency. is said TO
be much more of conservative on
financial questions than is Senator
Owen, who is the chieftain of the cor
responding committee in the senate.
1t is Said that the views of Mr. Glass
are the views of the east and the
views of Mr.. Owen are the views OF
the west. If the president can make
the east and the west meet on com
mon ground and can secure the en-
actment of bill which is neither too
radical nor too conservative, the Dem
ocrats say that he will clinch his
growing fame as a leader of men
sometimes inclined to be Maynard.
In previous dispatches Senator
Owens belief that the currency is not
the vexed question which men have
made it has been told. Mr. Glass
does not view currency legislation IN
the care-free and entirely cheerful way
with which 1t is viewed by the Okla
homa senator. Mr.. Glass seems TO
trouble ahead before a measure sat
isfactory to all hands can be written
into the books. There is an intense
interest among members of congress
Of all minds on finance, in the form
which the presidents krecommenda-
tons will take when he sends his
currency message to congress.
Leans on McAdoo.
President Wilson seemingly leans
more on Secretary McAdoo for advice
as to the form which financial legisla-
ton shall take than he does on either
Mr.. Owen or Mr.. Glass, although the
representative and the senator con-
fer frequently with the president. The
secretary Of the treasury feels that
his Office has just as much II not
more at stake in the outcome Of cur
rency legislation than congress has, |
and that the success or failure of his
administration of the treasury de-
partment will depend upon the sta
bility or instability of things after
the currency bill gets the force Of |
law.
Most of the Democratic senators do |
not want to take up the currency de- |
bate at the present session. The |
house is entirely willing to do so be- |
cause it will have virtually nothing
to do while the senate is debating the |
tariff. 1t is easily conceivable that |
Mr.. Wilson's message on the cur
rency will be followed by house &C
ton and that bill will be passed |
by the representatives to be ready |
for the senators by the time that the
tariff measure has the senate's sane
ton and goes to the committee of |
VIII Be Progressive.
Some Democrats have said. but OBJ |
viously not for publication with their
names attached, that the currency bill |
which the administration will sane
ton Is to be framed in accordance
with prediction promises Almost
certainly there is no truth in this re-
port.
The whole course of things since |
Woodrow Wilson became a candidate
for the nomination for the president
makes it appear that he will be as
progressive in currency legislation as
he has been In other things, althou IN |
progression" in a matter of this kind |
must be pretty we'll checked by con.
many Democrats say. un-
less things are to be turned upside |
down. II Secretary McAdoo, Senator
Owen, Representative Glass and As
sistant Secretary of the Treasury
Williams can get together on a cur
rency bill and give a heart whole
sanction to II, 1t seems certain that
the Democrats in congress can he
brought together to support the bill
rs II is framed. The president. II Is
said. wants to make It bill that/will
be acceptable to all parts of the
Tariff legislation. congress
men admit, presents no such gigantic
task
Long Debate Likely.
1t was originally the intention of the
Republican senators to say little
Or nothing in debate on the GUS
IONS measure which is now in
the senate's keeping. 1t was only
lay or two ago that the Republicans
seemed to get a second thought on
the matter and to agree that 1t would
Dan TCMDcDc aMD s,.Io,uro