Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-10-07

cause OF the people, from their positions.
Senator Weeks demanded that SHIRLEY
name professors who had been thus
treated.
go University. replied Shibley, was
discharged because he attacked the
Chicaso gas trust. John r. Commons
Of Syracuse was discharged for voting
Tor William Jennings Bryan. James
Allen Smith. OF Maxietts. Ohio. WAS driven
from his place. The present President
Of the United States had a narrow escape
because he advocated the short ballot
But he continued in the service OF the
people and has now trdumphed."
Senator Bristow, a member OF the com
mittee, today added another element to
currency bill in the Senate. Senator
Brisfow said that he introduced the bib
by request, and thought 1t contained
valuable points.
Provisions Of Bristow Bill.
The MEASURE would allow the present
national banks with capital OF 100000
and q 20 per cent surplus In addition to
their present capital secured by 2 per
cent government bonds to take out adj
ditional unsecured currency" upon the
amount OF their capital. This currency
would be secured by drSt lien on the
assets Of the bank.
This circulation would be taxed 3 per
cent the hrst six months It was out, 8
per cent for the next three months. z
per cent for the next three months and at
currency could order It retired. The tax
could be used to form q guarantee FUND"
against the circulation out against banks
which might FAIL The banks could be re-
quired to deposit a per cent redemption
fund similar to the present fund against
bank notes.
The bill was referred to the committee.
The statement given out yesterday by
Chairman Glass Of the House banking and
currency committee. attacking the atti-
committee and characterizins the Senate
hearings az waste OF time aroused much
criticism at the Senate End OF the Capitol
today. Senator Hitchcock said In refer.
ence TO Representative Glass stetement:
II have no controversy with MI. Glass
over the currency bill. / think he did re-
marknbly well with the bill In the Hnuset
considering the obstacles he enco0tere6.
! see no reason, however, why my COM
ments on currency legislation should
have been singled out by him Tor such
criticism"
President Wilson Dsasd.
The Senate banking and currency
committee threw down the gauntlet to
the President yesterday Afternoon
when. in executive session. it voted 10
end the hearings en- the currency bill
ION or before October 25." Before TAX
ing thfs action the committee turned
down Q proposal to have the hearings
clpse October 10. The resolution calling
was supported by two democrats and
FOUR republicans, ana was opposed by
the four democrats Of the committee
who have lined up with the President
In his efforts to get currency legisla-
ton at the present session. Those vot-
ing AYE" were Senator's Hitchcock
and Reed. democratic. and Senators Nell
son. Bristow. Weeks and Crawford. re-
publicans: those voting mo- were Sem
Hollis all democrats.
It has been suggested that the Presi-
dent will demand that the Senate demo-
Gratis shall pass . resolution dloeharg1ng
the banking ana currency committee from
further consideration e Ire bill end se
bring it into the Senate. But It II urged
that this would not only create q bitter
feeling among the democrats "a the Sen
ate, but would result In intefmina6le de-
bate I'm the Senate itself. where the meas
ure would not have the support OF q
committee.
1t may be that democratic caucus will
be held to urge quicker action on the
bin by the committee. but Il 10 doubtful
whether this would be successful. SEN
ator Hitchcock. who n opposing hRSty
action on the bill 1t win b remembered.
bolted the caucus ON the tari6. and bit
tesly assatled the caucus method Of doiu1
businesA
Glaw O.1fanoos Ultuhoock
Representative Carter olsn. chsaxman
Of the House cUmnmtfDe On bau13nB and
currency, issued statement lAst u1ghi
L 49,