The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1913-08-20
MEMBERS TO WORK ALL FALL
TARIFF WILL BE COMPLETED
AND CURRENCY MEASURE
WILL BE TAKEN UP.
With Bill for Reform Still I'm Caucus
Speaker Clark Declares 1t Goes to
senate in Early AutsAl with Full
Democratic Suppt5rt.


fall clothes. members are becoming
reconciled to blasted vacation hopes
and settling down TO complete the
tariff revision with deliberation and
to take up currency reform without
undue haste.
When the special session will be
ready to adjourn has ceased to be u
subject for speculation. No one pre-
tends to have any more guesses and
leaders in both houses declare that
currency Legislation is to be COM
pieted, even IL 1t Is necessary to run
right up to the regular session in De-
cember. Senator Gallinger. speaking
In the tariff debate yesterday of the
necessity for Republicans to debate
certain proposed rates at length, was
asked IL he had sent home for his
winter clothes, answered with an af-
firmative nod. about 1850 p. m. OH
November So" Speaker Clark is
writing friends who ask him about
adjournment.
With the currency bill still I'm the
Democratic caucus of the house.
Speaker Champ Clark issued a state
ment tonight, in which he asserted
that the bill would be sent to the sen.
ate early In September with solid
democratic support. Representative
Henry. chairman of the house rules
committee. also issued statement
relating to the hesitancy of some
Democrats to accept the bill as now
written. Indications that the senate
Democrats propose to make a bill of
their own are increasing and efforts
to commit them to any currency bill
or dehsife policy failed at the caucus
last Thursday night.
Speaker Clark. In his statement as
sert that the Democrats in the Bal
timore convention promised tariff and
currency reform. The promise to re-
wise the tariff downward, he said. now
was, practically an accomplished fact,
while the redemption of the currency
promise lis just beginning" ,..r',..
THAT Is to say" the speaker con-
tinued, the currency bill has not yet
been presented to the house Having
passed. the first stage-that Is, action
by the Democratic membership of the
house committee on banking and cur
rency--whatever' difference exists
among Democrats Is being threshed
out in the caucus. the proper place to
thresh, IL out. After caucus action
we will. as we have done on import
ant questions for three years, present
n solid front and send the bill to
the senate early In September. Abund-
ant opportunity for debate and amend
ment will be offered. Nobody has any
disposition to railroad it through
either the caucus or the house.
Originally Democrats were divided
In opinion rs TO whether the currency
Question should be disposed at this
session or should be passed until the
regular session, but President Wilson
In the exercise Of his constitutional
function delivered his currency mes
sage urging action. since which event
the public expects currency legislation
at this session and business men of
al sorts and sizes. farmers. miners
merchants. manufacturers, bankers
etc. desire that a bill shall be passed
thereby ending the uncertainty of the
situation.
"A person does not have to rate
the Glass-Owen bill as perfect to be-
lieve that 1t is great improvement
over the patched up system.
What Ia counted "a among the
good features OF the bill by such
great agricultural constituencies as ]
represent Is the fact that II makes
provision In the savings department
for loans on improved farming lands.
a brand new thing for national banks;
another Is the fact that 1t will tend
to keep the peoples money in places
where II Is owned and not concentrate
so much OF 1t in one place; still an
other feature which rural folk will
indorse il that 1t prohibits the loan
ing OF bank deposits for purposes
OF speculation In stocks and bonds;
but the best feature Of it Is the gov.
ernmental control OF the national
banking system. II Is objected that
IL cOnfers too much power on tn,
several reserve boards. but power
must be lodged somewhere. in some
body, and IL is better to lodge II In
government board than I'm private
banks
"A presidents fame will rest large.
Iy on the justice. wisdom and patriot
Ism with which the fedora, reserv,