The sun. [volume] (New York [N.Y.]) 1833-1916, 1913-12-23
Thirty-four Republicans and
All PrOglps>ives Sup
port Measure.
DEPOSIT GUARANTEE OUT
Separate Bill to BE Introduced
tO Provide for Such
Insurance.

w,SHtNGroS, Dec. o2.-The conference
repor; on the Administrations currency
ll was adopted by the House tonight
T., a vote OF aaS to co AS the final step
in legislative routine il was sent to the
senate at 1875 r. NJ.
Tie senate did not undertake to act
upon the report. but agreed to meet to-
morrow morning and vote by 2 o'clock in
the afternoon. This means that the cur
r,ucy bill will he signed by the President
tomorrow afternoon.
As soon as the House had taken final
seton on the measure it adopted a con-
current resolution providing for recess
Of Congress from tomorrow until Janu-
sry le.
The vote in the House was preceded
by about three hours debate. Although
tho conferees had reached an agreement
early in tho morning the entire day was
consumed in perfectns the hill and they
wcrc not ready to report to the House
uu'il evening.
rhc debate in the House was notable
chiefly for statement made by Repre-
sentative Carter Glass. chairman OF the
,'omnittc" ON Banking and Currency. in
l.f.r,ucc to the elimination in conference
OF the S-uates provision for setting aside
2 fraction Of the earnings of the Federal
reserve banks for the purpose Of creating
= drpositors' insurance fund.
\ separate Measure.
'sTh..o will h. a separate measure to
..A
"aud with that end in view the insur-
aa,c provision was stricken out by the
,ogf..~cs.
There will bc enacted a proper law
providing for the guarantee OF bank de-
POSTS" Chairman Glass added a moment
later
THIS announcement was accepted as the
most important development OF the day.
Many construed il to mean that serious
..lolt would be made to put throug-
later a deposi,ors guarantee measure.
This is one of Secretary Bryans old
hobbies Ills plan provided for a tax
upon the national banks to Insure de-
poyitors. Representative Glass did not
Indicate what the character OF the bahk
ru4raut,. measure would be.
..rlusron Of bank deposit guarantees In
ITO currency bill The question being
asked now is Has the Wilson Admin
is,ratou decided TO support the Bryan
bank deposit guarantee plan or some
similar scheme
Al except two Democrats In the
House voted for the conference report
The surprising feature OF the vote was
Wat thirty-four Republicans and all of
the Progressives voted for the Democratic
bill
Tie two Democrats who voted against
3' we're Witherspoon of Mississippi and
CaraNay of Arkansas. Both are sill
ver Democrats and objected TO GER
-ain features OF the bill relating to
tle redemption Of the Treasury notes on
gold basis.
The Republican support.
The Republicans who voted for the bill
cc-- barton. Burke OF south Dakota.
cooper CHAMPION, Curry, Davis. Dillon.
i'ch. Farr. Frear, Haugen. Helgesen
kelley Of Michigan. Kent OF California,
hi.~s, kinkaid OF Nebraska. La Toilette.
ianerty. LenrOOt. Linquist. Langham,
Naprs, Miller, Moss OF West virginia
Nelson. Morton SinnOtt Sloan, =. ".
smith of Michigan. smith OF Minnesota,
stafford. Sutherland. Treadway and
Young OF North Dakota.
Democratic members of the conference
committee OF the Senate and House did
rot reach a complete agreement on the
F'estlons at issue in the currency bill un-
For several hours there was a strug-
:" in the committee over n single issue.
That was whether the Comptroller of the
Currency should be member ex officio OF
~" Federal reserve board. The Glass pill
a. passed the House, provided for three
"N ofilco members. the Secretary OF the
Treasury, the Secretary Of Agriculture
and the Comptroller Of the Currency.
tn" Senate dropped all except the Sec
l"idry OF the Treasury, The House con
i'r""s readily acquiesced in the elimina =
n"1 OF the Secretary OF Agriculture from
'l' board, but refused TO allow the Comp
i'"Ilcr of the Currency to be left off.
"h>"" supports House COnfcr~es
President Wilson and Secretary McAdot
backed the House confcrccs and II seem ed
''' time as though an agreement would
h' 'nrossble Finally, however, the tele-
mon" he'll in the committee room rans
hnd one Of the Democratic Senators an.
"""r"d it, After n brief conversation this
'a'or returned to the conference table
'nd said in substance:
Gentlemen. I've Just been talking &c
' President As we all know. he has
followed our deliberations. ! would sug
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