Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-23
PRESIDENTIAL MIND
OPEN0N CURRENCY
Mr.. Wilson Tells Visitors His
Judgment as to Detail Is
Subject to Change.
LIMIT OF S5OO,OOO,OO
MAY NOT BE MADE RIGID
Representative Stephens Declares It
Looks Bad for Indian Ap.
preparation Bill.

PRESIDENT Wilson admitted to visitors
today that his judgment on Tho cur-
rency bill and any other legislation 4,
open to change. but he could not see
any better proposition in connection
with currency reform than that the
cohtrol of the proposed system of
emergency circulation should rest in
the hands Of the government and NOT
In the hands Of the bankers 1t was
question Of one or the other as those
who had framed the bill saw it II
was not believed that federal re-
serve board. to supervise eyervtbinp
would operate well as mixed affair
On considering the question whether
the government or the banks should
run the central board. the administra-
ton reached the conclusion that the
government would be best
AS to criticisms that a government
board might play politics. the President
asserted that he did not believe that any
set OF men, representing any administra-
tlon. would attempt to inject politics into
a system so vitally important 10 the
country and to the masses of the people
There might be men at some time who
would attempt to play politics with part
of the people. but they would never do il
where all the people are involved In
bankers themselves will accept the fed
eral reserve board. made up of repre-
sentatives of the government. as not only
being best for the banking business, but
most satisfactory to the people at large.
who will prefer government supervision
and have confidence in the currency is
sued under il.
May Raise the Limit.
The President frankly admitted that
there is doubt whether the rigid limit Of
500 OOO.OOO shall be fixed on the cur
rency that may he issued under the plan.
In times of trouble in the past banks had
issued clearing house certificates not near
ly as much as $.N.OO,W0. but II might
be just as well not to make the limit so
low so that there could be no danger OF
insufficient money.
The President once more reiterated his
confidence that currency revision and
substantially the bill as agreed upon. will
be passed at this session of Confress. He
felt that the country was demanding il,
and that Congress could not adjourn
without action SO important to the best
interests OF the people.
Indian Appropriation Bill Unlikely.
Representative Stephens of Texas.
chairman Of the House Indian committee
and chairman Of the House conferees on
the Indian appropriation bill. told Presi-
dent Wilson plainly today that the prob
abilities are strong that there will again
be no Indian appropriation bill and that
the Indian service will be without funds
to operate after July l. Mr. Stephens
stated that the Indian appropriation bill.
as agreed upon just before the close of
the regular session of Congress early in
March, but which failed to get through
the Senate in the closing hours, after
agreement of conferees. carried total
of $1O0OO,OOO for the service. The House
conferees had yielded at that time in
many things that did not suit them
rather than be responsible for the failure
of the bill
Since the last session of Congress the
Senate has added something like $1,000
900 more to the bill, which now carries
about S12,OO0,O00. Under no circum-
stances will the House agree to the
Senate amendment Mr. Stephens said
and unless the Senate Yields in the
next few days tho Indian service will he
without funds after July /. The Presi-
dent listened to the statement of Mr..
Stephens without expression of opinion.
evidently feeling that it was a row that
in no way concerns him. except in so
far executive establishment may
have to shut down business.
Confer on Michigan Patronage.
Gov. Ferris of Michigan. accompanied
discussed Michigan patronage troubles
with President Wilson today. The origi-
nal Wilson men are demanding control Of
all the good things while Gov Ferris
who was himself an original Wilson man.
is recommending that the administration
give recognition to the Michigan demo-
cratic organization believing that it will .
distribute the patronage wisely and fair
ly among the factions.
Il did not mention single mans
name to the President" said the gov
ernOr, the only democratic chief execu-
tive Michigan has had in many wears,
but | did tell the President that the
future OF democracy in our state must
be conserved by fair treatment of all
and this | believe he will