The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-12-19
Last Of Opposition
Amendments Voted
Down in Senate. Il.
END OF STRUGGLE
NOW is IN SIGHT
Clark and Underwood Express
Opinion That Measure Will Go
to President and Be Written
Into Law by Monday
or Tuesday at
Latest.

Washington. December lS.-With tho
iemocratic legislative machinery run
ming smoothly the administration Cur
tehcE hiil to-day moved rapidly to-
ward ITS final passage in the Senate
! The last of the opposition amendments
10 tho measure was voted down. and
I Senator owen began the presentation
| OF the Democratic amendments, calcu-
lated to perfect the measure which
were adopted without meeting strenu-
Gus protest
Legislative leaders declared tonight
the end OF the currency fight was i'm
! sight In the House. Speaker Clark ana
Majority Leader Underwood expressed
.he opinion that the measure would go
10 inc president and be written Into
! law by Monday or Tuesday at the lat
est. Mr. Underwood announced his in.
'oht,on OF Offering an adjournment
luton, which would give Congress
holiday recess until January lc. inst
as soon as tho bill was passed. In
iorntl conferences on the measure he
said, already had settled all but II few
disputed points in the differences be-
tween the two houses
Debate Hurried Along.
The final efforts of Senator Hitch
cock and the Republicans to mt somo
OF their ideas Into the bill were voted
down one after another to-day the Sen
4
unit Speeches to fifteen minutes each,
/ and hurryinG debate along
Ihen senator owen presented the
amendments agreed on by the Demo-
cratic caucus last night. The oppo-
Siuon did not insist roll calls. and
thc amendments were adopted with llt-
''c DEBATE until Senator owen pre-
schted one to authorize the Federal
reserve board to appoint ATTORNEYS.
"Nperts ahc assistants" without regard
TO the civil service laws Then tho
i'epunicans broke forth in protest, ana
| prevented immediate action
one amendment adopted provid.,,
! 'hat banks in tho new system could
not employ former Secretaries of tho
treasury, assistant secretaries Comm
!toliers OK inc Currency, or members OF
| 'hc Federal reserve board for two
years after they severed their con
hection with the government Another
change gave the Secretary of the
treasury discretion 10 use "A part of
the earnings of regional banks to buiId
up the gold reserve The salary of thn
members OF the Federal reserve board
| was increased from $4,000 to $4,000.
~ number OF amendments calculated
to simplify the work of putting tho
new system into operation We're adopt-
ed and various changes were made to
facilitnte the entrance OF State banks
and trust companies.
| Attnck on Democrats.
/
| Cummins attacked the Democrats for
| the proposal that the employees OF the
! board be exempted from Civil Service
! requirements.
IL Is now apparent" declared Sena-
! tor Br!stow. that the haste enforced
| in the consideration OF this bin is nor
only proposed to quiet the financial un-
/ rest in the country, but also TO satisfy
/ the horde OF hungry otiice-seekcrs, who
! have besicged the capital for the past
L. lft.ap Ktto,r
/ tions TO partisanship would force tho
! Federal reserve hoard to go into poll
ties whether it wanted to or not"
senator owen declared that but Il
! small number OF employees would be af-
/ fccted by the provision. and asserted
I that 1t was proposed in order that the
I Federal reserve board might not
/ be hampercd or relayed in beginning
I work.
/ When the Senate recessed at {
o'clock. the Democratic caucus reas-
sembled to perfect hnal amendments
to the bill.
Completes Work ON BiIi.
When the Democratic conference ad-
! journed at o'clock il had completed
/ work on the bill and had indorsed
amendments covering a number or the
! points most vigorously demanded by
: the Republicans, These included pro-
! vision for an extension OF the timo
/ limit on rcdiscountablc commercial pa
/ per OF agricultural transactions from
! 90 to $50 days, wiki the discretion left
/ 10 the board OF reserve to accept the
/ longer time paper. The guarantee OF
I deposits in state banks that may join
! the association. we'll as in the ma
| tional banks. and provision that
| would permit clearing house associa-
| tion to continue their present system
| OF examining tho transactions of tho
| banks within the clearing house asso-
! citation.
! The Democrats determined to stand