The Forrest City times., 1913-05-09
Treasury McAdoo. and Senator Owen.

Treasury McAdoo, and Senator Owen. chairman of the senate's new commit tee on banking and currency, have held several conferences on the mat ter of currency reform. While it seems generally believed now that a bill reforming our financial system will be introduced at the extra ses- sion it is not yet certain that it will be taken up and passed prior to the regular session.
 Several of the more conservative Democrats in the upper house have told the president that the promise given him by some of their colleagues that the tariff bill will go through the senate quickly and exactly as the president wants it, Is not likely to be fulfilled. Senator Williams of Mis- sissippi has said that congress will not adjourn before September, and this means he thinks that there will be a protracted debate in the upper house on many of the provisions or the bill in addition to those affecting wool and sugar, upon which discus sion is foreordained to be long drawn out.
 It seems likely that the conservative Democrats may be unwittingly over stating the case when they talk about protracted debate and long session, for taking all the direct and indirect information which can be obtained, 1t seems altogether probable the tarin bill, If it gets out of the house by May 10, will be out of the senate by July l.
 The absorbing matter of interest with congress today is the attitude Of the president concerning currency re form legislation at the present ses- sion. The Democratic leaders of the house are holding back information as to their intention in the matter of the chairmanship of the house committee on banking and currency. MT. Glass of Virginia, by right of precedence, ought to be made chairman. He fully expects to be and he has currency reform bill ready to present.
 May Jump Glass.
 Some of the Democrats say that MT. Glass has not had experience enough to fit him for the chairmanship of this important committed He was not member of the Pujo Investigating committee and he therefore has not the information, some of them say. which the inquisitors secured, MT Stephens of Texas wants to be chair man of banking and currency, and there Is something more than whis- per that the leaders are rather in- clined to the proposal to do him spe- cial honor.
 For days the representatives of the financial interests of the country, to say nothing of the representatives of its legislative interests, have been try ing to find out at the White house what MT. Wilson meant in his address to congress when he said that later" he would have something to say about currency reform. Later" might mean tomorrow, next week, next month or declined to set the date for which later" stands.
 It may be that currency reform will be discussed by the house, following a message from the president. while the senate is dingdonging with the tariff. but if this is to happen it will be a condition directly counter to that which MT. Wilson intimated ought not to arise
 If the tariff bill goes through both houses fairly quickly, and currency re- form can be disposed of by August l, the chances are that the Democrats will get two of the big problems solved to their satisfaction by the be- ginning of the second summer month
 May Let Tariff Slide.
 If the word is true which the presi- dent has received from the progress sive Democrats that his party in the upper house stands ready to put through his tariff bill as he wants it the passage of the measure will lie entirely with the progressive Repub- licans of the upper house. The high protection Republicans seemingly fin ally have made up their minds not to discuss the tariff at great length. They talked themselves out on it through two or three sessions but this Is not the real reason for their apparent intention to let the legisla- tion slide through without much oppo- sition this year. They know that talk will be futile, and moreover by com. bination with the progressive Repub- licans and possibly a few conservative Democrats. they can do nothing ex- cept possibly to modify some of the reductions which have been made II the Underwood bill
 Some of the progressive Republic. ans in the senate. 1t is said, are ready to try to effect some compromises with the Democrats. The progressive N., -1f .t.,-