Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-12-15
DEMOCRATIC LEADERS FIX TIME
FOR PASSAGE or MONEY
BILL.
REPUBLICAN, SPELL BINDERS
MAY BRING ABOUT DELAY
LaFoI!ette, 6ristow and Others May
Insist on Privilege Of Talking indsR.
nitsIy-opportunity For Politics in
Appointment Of Dirsetors-Rsd Tape
After sili's Passage.

NdSillIIS iOH, DcC. TO- AOOnlnlUIE0
ton supporters after having had per-
sonal and committee conferences with
republicans and democrats, announced
that the ina vote on the currency bill
is expected to be taken in the senate
at 6 O'clock next Saturday evening.
Expressions from most quarters indi-
cate that an agreement will be reached
to that effect.
Republican senators who have been
treating across the party line with the
democrats probably will come to an
understa nding with the majority lead
ers today. The democrats are anxious
to close general debate by Thursday
and to devote the balance Of the time
to h consideration of amendments
to the bill. II the final vote can be
taken Saturday it is believed the diff
ferences between senate and house can
be adjusted and the bill sent to Presi-
dent Wilson for signature before
Christmas.
Obstacles Ahead.
Altho the senate leaders Of both
parties profess confidence that they
will De able to put the finishing touches
on currency revision and lay the bill
before the president, without q confer
ence. before the end Of the week. there
are plenty Of snags that may YET spoil
this plan.
And II some Of the more loquacious
such AZ La Toilette, of Wis
consin: and Bristow. Of Kansas. have
their Unrestricted say. Santa Claus may
in Washington and find the
senate still talking about the currency
bill
Even after the bill has passed both
and received the signature Of
the president Of the United States. tho
real wor Of currency revision will
only have begun. For it Is q long and
process laid out by tho forth
measure for the Inauguration
Of what amounts practically to . new
Of banking. It will take many
to install the contemplated
regional reserve banks. No enc knows
how long the nation may have to wait
the promised remedy for dnan-
cial stringency will be effective.
Aidrieh ehif Extended.
Fol this reason the senate viii add TO
the house bill Q provision extending
the Aldrich- vreeland emergency u
rency'' act from June 80. 1914. to juno
30, 1915. This frightening Of life o
eighteen months from the present time
indicates most clearly how skepticAl
even the Democrats are Of tho speedy
operation OF their program.
There is no way in which the present
can get anywhere near to
operation before next spring-far too
late to be Of service in h present
Of financial difficulties. The first
step. after President Wilson has signed
the bill. win be the appointment Of the
federal reserve board Of seven mem
bers, the chairman Of which IL to be
Secretary McAdoo. and he other six
to be appointed by tho president. OF
these six It Is specified that two must
have had actual banking experience.
Politics Play . Part.
OF these seven the president 10 to
the secretary Of the treasury
and at least two others an Q reserve
organization committee" whose
duty II will be to divide h country
into at least eight federal reserve dis
tricts'' and TO designate in each Of these
districts a city which II to be tho homo
Of the regional reserve bank" for that
district
This II where democratic politics will
have q splendid chance for operation.
Already a host of cities are clamoring
for recognition. The chief asset In most
cases il the possession Of q democratic
position in democratic national politics.