Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-11-06
President Said to Be About
Determined to Have Senate
Party Caucus.
REPUBLICANS CONTROL
VOTES IN COMMITTEE
Two Democrats Join in Putting
Through Central Bank and Pub
lie Subscription Plans.

currency bill a provision opening UP to
public subscription the capital stock of
the proposed reserve bank system. The
national banks which enter the system
will be directed to underwrite this
stock and the stock will be open to
public subscription for sixty days. At
the end Of that time the banks will be
expected to subscribe for the remainder
OF the stock. provided there is any re-
mainder
The smaller subscribers are to be given
the preference in the sale of the stock.
and no one will be permitted to purchase
more than $4,000 of the stock
The committee also voted to have the
stockholders of the national banks elect
four members of the boards which will
govern the regional reserve banks, and
the government to appoint five members.
thereby placing the control in the hands
of the government.
Got Two Democratic Votes.
The committee adopted these provisions
by vote of TO >. Senators Hitchcock
and Reed. democrats, voting with the re-
pubIcans III favor of them. The resolu-
ton carrying these provisions was the
result of the combined efforts of Senators
Hitchcock Reed and Weeks. 1t was Sem
ator Weeks who was called in by. the
President last night to discuss the cur
rency situation, with particular refer
ence to the republican attitude toward
the bill.
There was sharp shift in the currency
siuation at the White House today. leav-
ing little doubt that party loyalty is to
be appealed to and the screws applied to
the democratic senators on the banking
and currency committee who continue to
stand out against the administration de-
sire that the House bill be put through in
all fundamental particulars.
President Wilson was decidedly, firm to-
day, and found democratic senatorial
callers unanimous in their insistence that
the time has come when the Senate DEM
Ocrats will have to take charge of the
currency bill as a caucus affair and give
II to the country as strictly democratic
measure. The President. having found
that a non-partisan bill means that
everything he wants is to be trimmed
and his desires eliminated. has concluded
THAT the situation 1ustifies his asking the
real democrats of the Senate to take
charge and put bill through with as
little delay as posi- ble- --ees. -s....sss
{ strengthened by Elections.
Feeling that the country has indorsed
his administration in no uncertain tones.
and that he has the people back of him,
the President is willing to go forward
without much regard for those who have
been promising things and doing nothing.
Not only have the election returns stiff
ened the President, but every returning
senator or representative tells him in
clear language that the people are at
tached to him in wonderful manner
and willing to back his plans and pur-
poses
Senator Simmons. who led the tariff
bill to successful termination in the
Senate, conferred with the President to-
day on the currency, and later the Pres
dent talked on the same subject with
Senators Thompson of Kansas, TilIman
Of South Carolina. Vardaman of Misss-
sippi and Lea of Tennessee. Each Of
these statesmen came out fiatfooted for
,sction by the democrats with little more
delay. and declared they would not ac-
eept u committee bill made up largely
hN republican votes. What they wanted
vas a democratic bill, and they proposed
Ia have il.
Senate Support Unlikely.
There is no reason to expect that
democrats on the floor of the Senate
viii support a bill which a majority OF