New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-17
WILSON DETERMINED
ON CURRENCY ACTION
Administrators reform" Bill
Drafted and Will Go to
Congress This Week.
FEARS ONLY HOT WEATHER
President Believes He Will
Have His Way, but Many
Leaders Think Legislation
This Year Unwise.
[From The Tribune Bureau

rFrom The Tribune Bureau
Washington. June 16.-The President
refuses 10 believe that there can be any
serious hitch in his currency legislation
programme. lie expresses himself as
sanguine 10 the utmost degree over the
prospects for the passage of a currency
bin Al the present session. The perss-
tent reports that the leaders IN oota
houses are averse to such legislation at
the present time have not reached Presi-
dent Wilson. he says. He asserts that
his assurances have been that there VIII
he harmonious action, and that all dit-
ferences as 10 the general features OF
the proposed administration measure
will he dissipated.
4 draft Of President Wilson's MESSAGE
ON currency legislation has been COM
pleted and will be discussed at the cab
met meeting tomorrow II is also eN-
pected that there will be a conference IN
a few days at which the currency eN-
perts in Congress and Secretary McAdoo
Will have an opportunity 10 adjust their
differences in accordance with the ad-
ministration bill, which is already COM
pleted
Mr. Wilson believes his message will
be ready for Congress by Thursday. al
though there may develop issues which
will cause a further delay. 1t is pos
sible the President will read his mes
sage to Congress. but this has not been
decided. In any event the message will
reflect emphatically the President
views and will be a personal appeal for
united action by the Democrats.
The only III omen seen by President
Wilson is the hot weather. which he
thinks may possibly cause many members
Of Congress to wish they were home or
somewhere else than in Washington. He
does not believe, however, that the
weather will block the currency bill. and
is confident the Democrats will see him
through.
Senators lrrtated.
~ Announcement that President Wilson
had decided to put the question of cur
rency legislation up TO Congress during
the present session was received in no
deferential spirit by the Senator's Demo
cratic or Republican, who are preparing
for the long struggle on the tariff. The
prediction was made that the Senate
would never consent 10 take on the ad-
ditionaI task, even il the House did, and
II was declared that the President was
preparing TO goad Congress beyond the
limits Of patience and endurance.
The senate. laboring hard over the
arif. has put currency aside. for the
most part in the expectation that Il
would not be necessary TO consider i
until December. There is no fight ovel
lhe merits Of the controversy. Republi
ans as well as Democrats are willing t'
undertake currency reform as soon a.
he tariff is settled, but the tariff is re
sardCd as being a long way from settled
The Finance Committee to-day extended
ITS estimate Of the time in which the bill
WI be reported for general debate 4
June 25. with the probability that it vii
not reach the Senate until June 80
Allowing two months for debate and Z
week or two for consideration Of the bill
n conference, 1t will not be out OF tht
nav until some time in September. VIII
this in prospect Senators received th'
report Of the Presidents decision TO force
tho issue with manifest irritation.
The announcement was a disappont
ment 10 some Republican Senators who
had hoped that the administration would
seek their cooperation in an effort tC
make the legislation non-partisan. They
had hoped that Secretary McAdoo would
consult with them before adopting plan
The administration has apparently decid
ed 70 follow its own course. Even Sen
ator owen and other Democratic mem
bers Of the Banking and Currency Com
mittee have not been apprised of thu
provisions OF the bill approved by thu
President and his immediate advisers.
Senator owen and Representative Glass
were together for long time to-day
Senator owen has d decidedly differen
conception Of currency reform from tina
Of Mr. Glass The President however, Il
most favorably disposed toward the Glas
views. which are embodied in the admin
!stration measure.
To Be introduced This Week.
The administrations currency bill prob
ably will be introduced in the House mex
tTlQdI, ana CeHdlOl OhNlis DO n matte
Of form, may introduce il simultaneous!
In the Senate. In neither body will tn
bill be welcomed
The measure was completed at a con
ference late to-day in which Secretar,
McAdoo, Senator owen and Mr.. Glas
took part Its essential features have beel
printed from time to time, as agree
upon, in dispatches TO The Tribune.
Despite the optimism Of the President
there were fresh indications to-day tina
the currency bill has hard road ahea'
Of II in both Senate and House. 1t Il
frankly not wanted at this time by tn
leaders in Congress. with the exception o
Senator owen and Mr. Glass who's
names will be linked with the importan
legislation.
President Wilson's dissemination 70 TAX
seriously the reports Of opposition to hi
programme evidently is proceeding on TIT
theory that it is not opposition, but mere
disagreement as TO details which he hal
70 face. The fact is, that the disagree