The Barre daily times. (Barre, Vt.) 1897-1959, 1913-11-13
AGREEING
ON CURRENCY
Committee Asks More Time
and the Caucus Is
Called Off
DECIDE ON EIGHT
REGIONAL BANKS
Wilson Stands Firm Against
All the Other
Changes

Washington, Nov. l3.--The attempt t.
force the administration currency bill
through the Senate by way of Demo
cratic caucus was yesterday abandoned
and the banking and currency committee
OF the Senate was given time Tor further
consideration of the bill
practical agreement was reached by
six Democratic senators. half the com
mittee, and hope for a Hnal report with
in five or six days was reported to the
Democratic conference when it met by
Senator Owen and at his request the
conference took no action. To-day the
full committee will meet and attempt
to secure an agreement by majority.
Marked progress toward an agree
ment by six of the Democratic members
of the Senate banking committee result
ed in request that action by the Demo-
cratic conference be deferred. The six
Democrats, Senator OGorman said. were
reaching an agreement by mutual con-
eessions and the conference would be
asked to leave the question to the com
mittee members in the hope that the bill
in form approved by the president
might be presented to the Senate, signed
by the six Democratic members at an
early date. Senator Hitchcock Of Me-
braska was the only Democratic member
of the committee not in yesterdays
conference of committeeman. The other
six Democrats prepared to ask the con-
ference to allow them further time,
The Senate Democrats, in party con-
ference yesterday, took up the currency
situation with the idea of getting the
administration bill out of the compleXi-
ties which have grown up about It in the
banking committee and getting it ON the
way to passage in a form acceptable to
President Wilson. Before the conference
met the Democratic members on the
committee met again in an effort to
agree on report preserving the funda-
mentals OF the House bin for which the
president contends and embodying the
amendments agreed upon for its per-
lection.
Senators Owen, Pomerene, Shafroth
and Hollis. who have stood behind the
House bill in the long committee fight,
were prepared for report and admins
tration supporters believed Senators
O'Gorman and Reed, who have been OPP
posing some features would come into
line when the bill became party meas
ure No one expected, however, that
Senator Hitchcock, the so-called insur
gent Democrat on the committee. would
Join them. He has announced that he
would decline TO abide by any decision
of a caucus, should one be called.
Senators 0'Gorman and Reed went
into the committee meeting but Senator
Hitchcock did not attend. A compro-
mise was effected as between the twelve
regional banks in the House bill and the
four voted in by majority of the Sen
ate committee. The Democrats agreed
to recommend eight.
Bank ownership OF stock in the re-
gional bank was taken up. but the ad
senators refused to yield,
and it was practically agreed that the
House provision on that point should
stand. A similar controversy arose over
control of the banks, but the admnistra-
ton supporters in sisted that the Honse
provision be adopted, providing for six
directors elected by the banks and three
appointed by the government.