Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-06-16
Message Completed and Win
Be Read to Congress By Mr..
Wilson in Person Next Mon
day.
IMMEDIATE REVISION OF
PRESENT LAWS Is URGED
Bill Embodying Ideas of Exc.
cutive to Be Launched in
Both Houses Some Time This
Week.

tby AFnseo Wire tO Evening herai0.l
Washington. June l6.--Prcsident
Wilson probably win read his cur
rcncy message to both branches
Of congress assembled In the
han Of the house. ns he did his
tarim message. He finished writing
the message today. II is about 1900
words long aud arges the immediate
revision Of the banking and currency
laws. The president expects the cur
rency bill to be launched In both
houses OF congress some time this
week. II represents the administra-
ton views and according 10 Mr. Will
son himself viii he mo mans bill. +"
but the results OF common counsel
among currency advocates whose sug-
gestiOns were condensed aud formu-
lated by Secretary McAdoo OF the
treasury department. Chnirmen owen
and Glass OF the senate and hoaSe
banking and currency committees.
respectively. with the advice and as
sistance of the president
At the semi-weelsly conference with
the Washington correspondents today
the president was asked for an ex-
pianatlon Of Some Of the principles Of
currency reform proposed by him. but
said that inasmuch "a the bill ana
his own message would be made pub
Nc within week he would refrain
from comment The president was
undecided as 10 whether his message
would be printed In advance of the
currency bill or whether both would
be made public az the same time.
The impression prevailed. however.
lIp the bin would he introduced In
10Th houses by Wednesday or Thurs
day and the president will pronounce
his Views Ia congress about June %.
Chairmen owen and Glass OF the
senate and house committees on
banking and currency conferred again
today and MIR. owen afterward an
nouncod that the bill practically had
been completed and would be consid-
cred In committee this week and taken
up and passed before the extra session
adjourned. This talk of no currency
legislation at this session. said Sena-
tor owen. lis based on artificial SEN
timent. ~ IN sentiment stirred up by
person who don't want currency leg
islation. Some Of II. OF course.
springs from the idea that Il ls u deep
subject which will require prolonged
study and debate This II because
no concrete proposition has been sub
mitted Tor consideration of senators
When We present a tangible PROPOSE
tion. think they viii see that the
problem II not such a difficult one
after all"
senator owen believes in plan
which the biil will embody Of re-
glonal reserve system and "A central
bourd OF control dominated by the
federal government.
Personally" said Senator owen
~ believe that the bankers should got
out of the governing business Just az
the bankers have argued that tho
government should get out OF tho
banking business"
with Representative Henry's effort
Ia reopen the money trust inquiry
Senator owen IL IN accord except
that he does not agree that II would
delay currency legislation.
Currency legislation may proceed
jus, the same" said the senator. 81
think that Representative Henry Is
right In demanding further investiga-
tion of the money trust and ! believe
II the public Is given the whole truth
certain big bankers who have posed
az benofactors and patriots may be
shown In different light"