Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-16
WILSON FINISHES
CURRENCY DRAFT
Cabinet to Go Over Message
TOm0rr0W-PreSident to
Read 1t to Congress.
Is EXTREMELY HOPEFUL
OF MEASURES ENACTION
Executive Expects All Objections
to Measure to Be Overcome.
Owen Shares His Views.

President Wilson has completed the
first draft of his currency message to
Congress and. I'm his own language.
has put 1t away to soak for a short
time, which means that he will read 1t
over to his cabinet at the cabinet ses-
sion tomorrow. where such corrections
as demand best will be made After
printing and delivery to the press as
sociations, the President will fix upon
a day for its presentation to Congress.
where. i'm all probability. he will read
1t personally. as he did his first mes
saage upon the tariff.
The President is extremely y hopeful. in
spite of many difficulties. that n cur
rency bill will be enacted at the spe-
cial session. He believes that the dis
agreements that have existed over the
main features of the bill are being
smoothed out, and expressed ii as his
opinion that within forty eight hours.
possibly earlier, a bill will have been
completed that will apparently have
unanimous backing from the heads of
Congress committees. Secretary Nc
Adoo. representing the President, and
the democratic leaders generally. The
President was most sangune iR his
assertions of the belief that there is
no danger of serious dissenscn on tn.
bill. He can see where 1t is possible
tHdt tHeTe SnOulu De genuine diner
ences of opinion on such a measure.
but he Is confident common counsel
among all concerned will smooth away
the difficulties.
Fears Only Hot Weather. .
The President is frank i'm realizing that
the democrats were more in accord on
the main features of tariff bill than
they have appeared to be on a currency
measure, but he is strong in the hope
that there will be no material objections
after the new bill has been prepared. MI
| that he can then see in the way of pas
sage OF the bill is the coming hot weather
and the Discrimination of the Senate to
remain here to thrash out currency
| measure. All differences will be elm
| mated at an early stage of the currency
| hight, in the presidential view, and the
sentiment of the country will come in to
urge Congress to take action without
postponement to another session.
The President already is receiving let
| ters from the country at large impressing
him with the need of currency reform.
and he thinks that Congress will be com
PEELED to recognize the demand for action
before it has had the problem before it
| for many weeks
! The President himself is prepared to
| stay in Washington until next fall II
necessary. to obtain currency legislation.
| He is taking the warm weather philo-
1 d
be better prepared for a long siege than
| Congress. The refrigerator plant i'm the
| cellar Of the executive offices, just be-
meath the Presidents room. was started
| today. and by tomorrow the President will
| find himself in a temperature nearly ~
degrees cooler than in any other part of
| the White House or executive offices. The
cold air from the seven tons of ice con-
| stantly on storage will enable the Presi-
dent to defy the weather except when he
| is in the open.
While the dignified senate is squirmng
under temperature twenty degrees
warmer than that in Mr.. Wilson's office
the President will direct the efforts t.
| make currency reform a real fact along
with revision of the tariff.
The President did not wish today to go
into details of the bill that is about TO
be agreed upon. He confessed that h.
was not an expert on the subject AMI
that he was keeping track only of the
main lines of the measure.
Owen and Glass Confer.
Chairmen Owen and Glass conferred
again today. and Mr.. Owen afterward an
nounced that the bill practically had
been completed and would be considered
in committee this week and taken ~
and passed before the extra session add
journed
This talk of no currency legislation
at this session." said Senator Owen. lis
based on artificial sentiment. 1t is senti.
ment stirred UP by persons who do NOT
want currency legislation. Some of IL. ot
course, springs from the idea that IL
is a deep subject which will require pro-
longed study and debate This is be-
cause no concrete proposition has been
submitted for consideration of senators.
When we present a tangible proposition
think they will see that the problem
is not such a difficult one after all
Senator owen believes in plan. which
system and a central board of control
dominated by the federal government.
Personally said Senator Owen. Il
believe that the bankers should get out
of the. governing business. just as the
bankers have argued that the government
should get out of the banking business.
With Representative Henrys effort to
reopen the money trust inquiry, Sena-
tor Owen is in accord except that he
does not agree that it would delay cur
rency legislation.
Currency Legislation may proceed
just the same. said the senator II
think that Representative Henry Is
right in demanding further investiga
ton of the money trust and believe
if the public is given the whole truth
certain big bankers who have posed
as benefactors and patriots may lee
shown in a different light"
Democratic Leader Underwood Of the
House said today regarding the pros
pect of currency Legislation that 50
far as ne was concerned lntIC WIS no
idea of bringing up the question At
the democratic caucus OF the House
June 90.
Representative Henry of Texas, who.
like many other members, is prepared TO
fight all along the line against asset cur
rency, has no present intention of bring
ing up the question at the caucus. but
reserves Judgment as TO what course he
will pursue. He has made it plain to his
colleagues however, that he has not
taken issue with the President at all, but
is unalterably' opposed to any currency
plan that contemplates abdication OF the
government function of issuing currency.
Martin Favors Early Action
The feeling among the democratic SEN
ators that it would be advisable to enact
currency reform legislation at the pres
ent special session of Congress appears
to be gaining ground steadily. Senator
Martin. chairman of the appropriations
committee. said today that he believed
it would be for the public good to have
some currency legislation as soon
possible.
Senator Kern. democratic leader OF the
Senate also announced today that he
knew of no reason why a currency law
should not be enacted at the present ses-