Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-07-25
PRESIDENT MOVES
TO AVERT A BREAK

Continued From First Page)
passage of bill. and win adherents to
the administration bill.
insurgents" Wingo and Ragsdale have
been invited to confer with the President,
In the spirit of open mindedness'' which
the President maintains toward the opin-
ions of others. Other insurgents will
also be asked to unbosom themselves to
the executive in the hope of getting an
agreement of some kind out of all the
mass of individual opinion.
Up to the President.
That it is incumbent upon the Presi-
dent to take the sitaution in hand and
bring order out OF existing chaos is ad-
mitted by all. IT'S up to President VIII
son." is the remark most frequently
heard.
This necessity is emphasized by the
fact that the militant leadership OF the
House is not very enthusiastic at best
over currency legislation. and has
not been from the first. The leadership
fears currency will interfere with tariff.
but has been content to keep hands of
and let 1t be shown what the admins
tration can do with a currency bill.
That attitude is we'll known to the in
least not acted as a deterrent even II it
has not encouraged them. 1t Is a wide
open contest as the case stands. and the
insurgents" are said to feel that they
have as much standing in court for
their ideas as any one else.
The republicans are much pleased with
the mess in which the democrats find
themselves. and are freely predicting
to agree upon bill to meet the demands
of the country for practical currency re-
form.
Criticism by Mr.. Mann.
1T is the same old party" said Minor
ity Leader Mann today. incompetent and
incapable of actual government, princi-
pally useful for furnishing chautaqua lee
lures while it tries to destroy the right Of
the minority in the House to call atten-
ton to its shortcomings.
1.-The party wants fiat money and the
jobs. The civil service law Is being prac-
tically violated right along SO as to- give
the jobs and when 1t gets the jobs 1t
will split with the President unless he
agrees to imitation.
1.-The Glass administration currency
bill was bad enough in the way Of po-
litical control but 1T was not bad
enough to suit the democratic party
fnAationists. 1t is the same old party
which wanted to issue unlimited green
back currency, which favored free sill
yer. which opposed the gold standard
not control it as against currency in
f1ation and fiat money"
Further elaboration Of Mr.. Henry's
plan for agricultural. industrial and
day by the author of the proposed
amendments submitted by him to the
banking and currency committee last
night. Mr.. Henry thinks that ii the
what he terms their "moth-eaten'' assets,
the farmers merchants and industrial
workers should have currency against
visible and tangible assets to the extent
Of SO per cent Of their value.
Plans Of Representative Henry.
Mr.. Henry would print the new cur
rency so that it would show exactly
what 1t is intended for and could be
segregated. On the agricultural notes
he would print cotton bales and corn
stalks; on the Industrial notes the
figure of Vulcan at the forge, and on
the commercial notes Hermes. the
NEUROLOGICAL duplication Of trade.
Further celebrating his ideas of these
three classes of currency. Mr.. Henry's
statement says:
1.-THE provision for industrial currency
to the states will be the most solvent
and salutary. of any feature and the
most far reaching. Under it there will soon
develop a wonderful system OF internal
state improvements to bless and beautify
our whole country, and still carry to COM
mon labor and business a constant flow
of money at cost. Going out from the
government to the states as godsend,
1t flows down to the counties and cities
as a messenger of peace and prosperity.
Sk& rrl0 Ak<A
land. filling it with public comfort and
joy and then return to the government
which gave 1t.
Regarding Agriculture Currency.
''The agricultural currency goes free
from usury to the most patient, long
suffering element of our national life, the
farmer, the mudsill in the bridge that
passes us from poverty to prosperity. 1t
will enable him to coin one-half of his
staple crop into cash and hold the same
till the price level reaches fair and just
figures. Being automatic and elastic. it
will prevent a congested market, help to
turn traffic in the crop along natural and
economic lines and set the country free
from all combinations which seek to de-
moralize trade and monopolize farm prod
ucts.
when these principles are once put
into practice they will be enlarged. finally
opening the way to the most wonderful
development and prosperity the world
ever knew. The mind can hardly con-
template its progressive utility
1--WE have seen proper to limit the state
to $1O.O0O,O0O lest state might be led
by an abnormal spirit OF development by
industrial votes to demand an excessive
emission of currency.
1.-The limit Of 500 Oo0. 600 will prevent
any excess in the currency, and by this
flexible flow into and from the states it
will tend to solve our labor problem by
steady and honorable employment to
workingmen, and free the states at the
same time from all depression in the
money market. and fix a never-failing
market for her bonds at the lowest pos
sible interest And the most glorious
feature is that it will enable the states
to carry on their internal domestic af-
fairs regrdless Of panics and money
stringencies in any part Of the world
AIMED AT STRTYERpEAYTp