Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-08-11
WILSON APPROVES
CURRENCY CHANGES
Thinks Attitude of Banks Isl
More Friendly Since Amend
mentS to Bill.
SEES NO OBSTACLE TO
PASSAGE THIS SESSION.
Opposition to Measure Eliminated
From Banking Circles All Over
U. S., Senator Owen Says.

President Wilson today expressed his
approval OF the administration currency
bill as submitted to the House demo.
cratic caucus, and told callers that the
attitude of banks had become very much
more friendly since certain changes were
made.
The President believes the smaller
banks are almost unanimously in favor
OF 1t, and that practically the only oppo-
sition was apparent In one or two 10.
calities. He intimated that by those he
meant the New lork banks The Presi-
dent also let II be known that he had
looked over the Senate carefully and saw
no serious obstacle to the passage OF the
currency bill before the end Of the pres
ent session.
New York Banks Relieved.
The proposition made by Secretary
McAdoo. and laid before the bankers OF
the south. west and Pac fic slope, to pro-
vide government deposits of $JO.o00,0O0
to move the fall crops. involves the ex-
act principle of the pending currency
bill. said Senator Owen chairman Of the
Senate banking and currency committee.
q White House caller The banks OF
New York city. he says have been re-
lieved OF the usual strain upon them or
a demand for extraordinary funds for
This annual purpose.
Opposition to the currency bill has
practically been eliminated from bank
Ing circles all over the country. said
Senator Owen. In the Senate the OBJ
stacles also have practically disap-
peared. and the enactment OF the legis-
latiye program is assured, he is con-
fident.
Even the opposition from the larger
banks In the big money centers. New
York and Chicago. has been satisfied. In
his opinion. He cited the attitude Of a
representative Of the largest financial in
situations OF Chicago and other big west
ern cities, one of those who attended the
conference of bankers with Secretary Nc
AdoO. This representative. he said. was
entirely converted to the government 8
program. and satisfied with the way an
objections have been met in the amended
bill as reported from the House COM
mittee.
owens Bill Wins Favor.
Senator Owens special bill to meet the
argument that the proposed CURRENCY bill
would act to depreciate the investment
value of government Is, providing for the
purchase of retired p with Treasury
notes, and the Issuance of government -.
without the currency privilege. TO the
same amount, he says. has received 'ai-
most universally favorable comment IN
financial circles.
He believes that II meets the posGbii-
ity of q deprecated investment value
for Is, and cites the recent recovery on
the stock market In the quotations on
Is as showing the restored confidence
Of the banks In the administration paen
and Its adequacy to satisfy every con-
dition.
The cause Of q republican, CANADIAN
for postmaster OF Reedsborough, VI,
without recommendation. was laid Do.
fore President Wilson this morning oy
Senator Page OF Vermont, himseit z
republican. The candidate is the choice
Of 80 per cent Of the residents OF tne
community, republicans and democrats
alike, Senator Page told the President
While he would not urge the appoint
ment of a republican, he wanted to lay
the facts before the administration
such conditions are not infrequent, IN
Vermont, he said, where there Is little
partisanship.
A pardon application brought Senator
Zones of Washington to see the President
Senator Smoot said personal anairl
brought him to the White House. a chaa
on general affairs, including the currency
bill, occupied Senator Luke Lea and the
President.
The recently nominated commissioners
of labor statistics, Royal Meeker, was
caller. Mrs. Meeker accompanied him.
They are seeking a home in Washington.
Others callers were Representatives
Byrnes, Levy and Valley OF South Caro-
lima, Evans OF Wyoming and Mccoy OF
New Jersey.