New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14

proposed 1eQeral reserve DallhS was COli-
3emned. Third, the broad powers given
the federal reserve board We're deplored,
and II was charged that the board would
become a political asset. Fourth, the
fact that the proposed new currency ia
10 be in the nature of a government OBJ
legation, although issued by the banks
was accepted as making possible de-
mand on the gold reserve in the Treas
ury. such as characterized the Cleveland
administration.
Representatives Galloway, OF Texas. and
Ragsdale. of South Carolina, were Demo
cratic critics OF the measure. Repre-
sentatives Kahn, OF California, and Smith,
Of Minnesota. Republicans, were especial
Y vigorous in their dcnunciation of the
ali. Mr. Smith wheeled into the cham
Ser a tombstone-like affair, more than SIX
,eet tall upon the four sides OF which
we're printed in large letters the sixty
zine powers and functions of the federal
-eserve board The domination Of the
BOARD over commerce. agriculture, labor
and industry" was set forth under each
heading. Mr. Smith pointing out that the
proposed board would WELD greater
power than has heretofore been delegated
10 any government agency.
prize of National Elections"
What | contend for is the substitution
Of uon-partisan. non-poltical control for
control by banks" said he. THE great
rolitical power which President jackson
saw in the first and second national banks
Of his day was the power of mere pys-
mics. when compared 10 the gigantic
power imposed on the federal reserve
board. and which, by the proposed BILL
is made the prize Of each national cleo
ton.
II a method or means can be evolved
by which the government can maintain
control and regulation of the banking
and currency system, and at the same
time prevent il from becoming a tool
and instrument of political pressure and
party eXDedicncy. it would be a decided
improvement over the measure now be-
tore the House
Mr.. Smiths exhibit" was made Of
wood, covered with thick white paper
and from a distance resembled a tomb
stone of granite.
Looks like they are trying TO curry
the Glass bill, with epitaohs on all four
sides of the monument" commented AL
falfa Bill" Murray.
Representative Kahn said one reason he
was against the Glass bill was that WILL
lam j. Bryan was for it.
Il am rather doubtful Of the success
OF the bill for another reason than those
which have been given here said Mr.
Kahn. at has the unqualified approval
81 no al ~
State. have learned by past experience
that whenever Mr.. Bryan puts his stamp
OF approval on any proposed Legislation
you want 20 scrutinize II very carefully
Democrats Shy at Bryan.
81 remember his unqualified approval
II the williams currency bill in the Goth
Congress. offered by the then minority
leader when the Vreeland bill was under
consideration. TO test out the Democrats
/ offered the Vreeland bill as q substitute,
and only six Democrats had the temcr-
ity 10 vote for the measure, which had
been praised by Mr.. Bryan OF the nine
ty-three Democrats who answered pres
emit there were John Sharp Williams.
Champ Clark, oscar w. Underwood and
present
Lesson. About fifty Democrats abstained
from voting. Only six stood by the meas
ure so highly lauded by Mr.. Bryan, and
now he praises the Glass bill in extrava-
giant terms"
Mr.. Kahn deplored the fact that the
Democrats had made a partisan issue
OF currency reform and had given bank
ers little opportunity to he heard.
1T seems that those naturally inter
ested in proposed measure must no
longer be heard" he said. IF they who
are interested in legislation dare issue
arguments why this or that feature OF a
hill should not be enacted into law they
are held up 70 public obloquy as insdi-
GUS lobbyists l have always believed
experts and specialists could throw a
world Of light on subjects which they
have made their life work. but 1t seems
In revising the currency system we must
not listen 10 those most directly interest
I'd in the proper solution Of our troubles
and who are qualified TO speak on this
irritating subject"
Anderson Renews Fight.
ContendinG that only education and
aroused public sentiment can bring about
4 change IN the legislative procedure and
rules OF the House, Representative Sid
new Anderson, the Minnesota Republican
who quit the Ways and Means Committee
because of Democratic caucus rule, to-
day issued a statement outlining pro-
posed reforms i'm the system.
In suggesting numerous changes in the
rules OF the House, Mr.. Anderson critl-
cises the practice of allowing legislation
on appropriation bills urges calendar
# committee meetingi, recommends the
,bolishment Of parliamentary motions
.hjcb tend 10 aid ilibustering, and adds:
Reform of legislative rules and meth
,ds IS the most difficult of all reforms.
uore than one hundred new members
.o,ne into the House with each Congress-
md they know nothing Of the inherent Vi
-ionsness and ineficiency of the system.
rxuerience alone brings realization. sub
.nr,dence 10 the dominant organization
Treoueutly accompanies this experience
: legislative reform. therefore. is difhcult'
"a only education and aroused public
an,,,osnt can bring II about" -