The Washington times., 1913-06-15

was approved by President Wilson be-
fore it was made public. 1t is his COM
mittee as we'll as a House committee,
and he could have brought about
changes in the personnel, had he de-
sired.
The fact that the names Of members
Of this committee were submitted to the
President before the committee was
formally created, indicates a disposi-
ton on the part of House leaders to
shift to the shoulders of the President
full accountability for the bill which
Is reported
Sever al members of that committee,
however, are now exceedingly Gispleased
because. they have not been called into
consultation regarding the Administra-
ton bill. Chairman Glass has done
all the .'conferring," and certain men,
bers of the committee privately COM
plain that they have been overlooked.
Henry Plan Considered.
CONGRESSMAN Henry's demand for
reopening of the money trust will be
carried TO the caucus If necessary.
Friends of the Texan, who is likewise
opposed to an asset currency, assert
that he is a fighter and that he will
have generous support when he Urges
a "go slow policy in currency reform.
Mr.. Henry, however, does not desire
20 be put in the attitude of lighting the
President. IT is a difference of opinion
regarding policy.
Contention of Henry.
The contention of Mr.. Henry is that
no currency bill is complete unless 1t
takes into account the recommendations
of the Pujo committee for the resula-
ton of the Money trust" and the con-
centration of wealth and credit.
There is unqualified opposition at the
House to a caucus which will bind the
party to a currency bill. Members
close to Speaker Clark, Congressman
Underwood. and other leaders of the
lower body, say they will not attempt to
force party solidarity if the Admins
tration bill is in any way unacceptable
to the rank and file.
of the Banking and Currency Commit
tee. it is now asserted that no House
leader wants to enact a currency bill
now. 1t will overcloud the hoped-for
victory on the tariff, and may result IN
a divided party.
Democratic member gloomiiy pre-
dicted TODAY that the currency bill Will
precipitate the biggest fight in the party
since Cleveland insisted upon taking Up
the silver issue in the early nineties.
Cleveland's party became SO split over
the money question that 1t made fall
ure of the tariff.
The Democracy Of today Is unNed on
the tariff. but faces serious split over
currency
While House members are not united
on the Henry proposal to reopen the
Money Trust probe, they are IN suostah-
tial accord with his statement that the
emergency currenc;
It will suffice for present needs.
Attitude In Congress.
During the discussion on the Aldrdch-
Vreeland bill several years ago Demo-
Gratis both in the House and Senate
were almost solfdly against asset cur
rency. An asset currency bill fathered
by a Democratic Banking and Currency
Committee would bring even greater
now.
Mr. Henry does not contend that there
should be a long -winded probe by
special committee itno the Money trust, |
but that the Banking and Currency
Committee can resume the inquiry while
ca nbe aided by possessing visitorial
powers over national banks
The situation on currency today may
be summed up as follows: |
President Wilson thinks now is the |
time to have currency legislation. The |
Senate and House want to wait.
There is no disruption in the party
now existing; but IL may come. It
depends upon whether subsequent events
prove the President or the legislative
branch to be right.
Chance For Wilson.
II the President can put through
both a tariff measure and a currency
bill at one extra session, and they
work out well for the common good.
there'Il be nothing to it but Wilson"
If the party splits, as ii did twenty
years ago; whatever good effect may
come of the tariff will be oyershad-
owed by a row on money.
At present the President thinks he
Is right and is going ahead. Congress
will make a stab at putting through |
the bill: but IL House and Senate |
members don't think its the right |
kind of a bill no special rule for it's |
passage will be granted in the House |
and 1t may be talked to death in the |
Senate during this session.
Prospects now are that the measure |
will squeeze through the House, but |
will not go through the Senate before |
the regular session. In any event full |
for action will be put |
up to the President and he Is expected |
to be willing to assume II.