The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-06-17
WILSON FINISHES
CURRENCY DRAFT;
MESSAGE READY
VIII Read 1t Over to Mem
bers of Cabinet at Meet
ing Today
VERY HOPEFUL OF
FAVORABLE ACTION
Expects All Objections to
Measure to Be Overcome.
So Does Owen. But
Not Underwood

dent Wilson has completed the first
draft of his currency message to con-
gress. and in his own language. has
put ii away to soak for snort
time which means that he will read
it over to his cabinet at the cabinet
session tomorrow. where such correc-
tons as demand best will be made.
After printing and delivery to the
press associations. the president will
fix upon a day for its presentation to
congress, where. in all probability, he
will raed 1t personally as he did his
first message upon the tariff.
The president is extremely hopeful,
in spite of many difficulties. that q
currency bill will be enacted at the
special session. He believes that the
disagreements that have existed over
the main features of the bill are
being smoothed out, and expressed
it as his opinion that within forty
eight hours possibly earlier. a bill
will have been completed that will
apparently have unanimous back
ing from the heads of congress
committees. Secretary McAdoo. rep
resenting the president. and the
Democratic leaders generally. The
president was most sanguine In his
assertions OF the belief that there Ia
no danger of serious dissension on
the bill. He can see where 1t 10
possible that there should be genuine
differences of opinion on such
measure. but he is confident common
counsel among all concerned will
smooth away the difficulties.
Fears Only Hot Weather.
The president is frank in realizing
that the Democrats were more in ac-
cord on the main features OF tAriff
bill than they have appeared to be on
currency measure, but he Is strong
In the hope that there will be no ma
terial objections after the new bill has
been prepared. All that he can then
see in the way of passage of the bill
Is the coming hot weather and the dis
inclination of the senate to remain
here to thrash out currency meas
ure. All differences will be eliminated
at an early stage of the currency night.
in the presidential view, and the senti-
ment of the country will come In to
urge congress to take action without
pcstponement to another session.
The president already is receiving
letters from the country at large nm
pressing him with the need of cur
rency reform, and he thinks that con-
gress will be compelled 10 recognizes
the demand for action before 1t has
had the problem before II for many
weeks.
VIII Stay Till Fall,
The president himself is prepared
to stay in Washington until next fall.
If necessary, to obtain currency legis-
iation He is taking the warm wealth
err philosophically. and in one way. at
least, will be better prepared for
long seige than congress. The re-
frigator plant in the cellar Of the exc
cutive offices. just beneath the prest-
dents room. was started today, and by
tomorrow the president will find him.
self in q temperature nearly 20 de-
grees cooler than in any other part OF
the White House or executive ofnces.
The cold air from the seven tons OF
ice constantly ON storage will enable
the president to defy the weather ex.
cept when he is in the open.
While the dignitied senate Il
sauirming under a Temperatures
twenty degrees warmer than that In
Mr.. Wilson's office, the president VIII
direct the efforts to make currency
reform a real fact along with revision
Of the tariff.
The president did not wish today
to go into details of the bill that H.
about to be agreed upon. He con-,
fessed that he was not an expert on
the subject and that he was keep
ing track only of the main lines OF
the measure.
Owen and Glass Confer.
Chairman Owen and Glass con-s
ferred again today. and Mr., Owen
afterward announced that the bill
practically had been completed and
would be considered in committees
this week and taken up and passed
before the extra session adjourned.
This talk CT no currency lezislA~S
ton at this session." said Senator
Owen, lis based on artificial senftss,
nent 1t is sentiment stirred up III
persons who do not want currency
legislation. Some of 1t. OF cournAsS
springs from the idea that 1t ID III
deep subject which will require pro-
longed study and debate. This II be-
cause no concrete proposition hoG'
been submitted for considerationmef a.,
senators. When we present Q tAM@s
gible proposition think they will -
that the problem is not such din
Icutt one after all
For a Regional Reserves
Senator Owen believes in o. 0eox4
which the bill will embody. o. ~ N
gional reserve system and GeA1N4s
board of control dominated bys ~
federal government. n sszxl
Personally" said Senator OW1Gs
II believe that the bankers should IN
out of the governing business. 1s
as the bankers have argued thAt ~
government should get out Of
banking business" 81 ss
With Representative Henry'u e1e&f~z
to reopen the money trust tnQU
Senator Owen il in accord. Co.
that he does not agree that Il WoS
delay cuxrancs gies@kto1s
Currency legislation may pxQ0
Just the same said the .en.scsx
49, N ~