The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-03-02
WORK WILL FALL
ON CARTER GLASS
Virgiuian Must Take Lead in
Matters OF Currency
Legislation.
pujo's TASK COMPLETED
lie Will Make No Effort TO
Secure Notion on Money
Trust Report.
WILLIAM HOWARD TAFT.
TSpecial to The Times Dispat,.h


Especial 10 The Times Dispatch.I
Washington. March 1.---Chairman
l'ujo, Of the money trust committee.
will make no effort 10 secure any
action by thc House on the legislation
his committee recommended to break
ip the existing system OF control Of
money and OF credits
The report. with Tho bills. were re-
fcrred To the House Banking and Cur
rcncy Committee. Chairman Pujo. OF
this committee. VIII retire from Con
gress with .Ee close OF the present
session. He vii; be succeeded as
chairman OF the committee by Repre-
sentative Carter Glass OF Virginia
When tho rcw Congress convcncs in
special session next April, Glass Will
reintroducc the bills ia thc House and
thcy Will be acted on by the Banking
and Currency CoIrmittcc
Mr.. Pujo introduced to-day q rcso-
luton calling for the printing of 5000
copies of tho money trust report and
bills for general distribution through
out the country. Demands arc coming
In from bankers and ilnaslciers for
copies OF the bills 1t is probable that
the legislation proposed Will be at
tackled by the bankers. and that there
must be heat lnC@ on the bills before
the Banking and Currency Committee
VIII decide whether the legislation
proposed can he reported In its present
shape.
II is not likely that tho Investigation
OF the money trust viii be continued
Ey special committee rs recommended
in the lujo report. Leading Democrats
OF the House hold tho opinion that the
Investigation that has Just closed has
been sufficient to establish the exist
cncc OF money trust and the prevail
cncc OF financial conditions demanding
remedial legislation. Any other in
vestigation that may be necessary to
develop additional facts in connection
With the control of money can be
brought out by the Banking and cur
rency Committee IN lis efforts to de-
wise legislation for general reform
OF the monetary system.
Mr.. Glass and subcommittee OF the
Ba liking and Currency Committee has
been conducting such an investigation
for several months Tho general com
mittee Will complete this work early
in the next session OF Congress and
will report n general financial revision
bin to the House. 1t Is probable that
the IT oney trust bills presented ven
terday may be Incorporated in the
general revision bills to bc considered
by the House during the special ses
sion along with the tariff legislation.
Has Legislation Framed.
Washington. March THAT cur
rcncy reform legislation has been
framed TO he presented to the House
at the extra session. if President VIII.
son includes it in his legislative pro-
gram. was the announcement made to-
night by Representative Carter Glass
OF the subcommittee of the House
Banking and Currency COMMITTEES,
which has been investigating the sub
ject.
Mr. Glass said Ills currency plan had
been practically completed, and that
II did not include the remedial legis-
lation' suggested by. the report OF the
pu3o subcommittee on the money
trust .s. QsSfs X 4 s.sl'