The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-10-23

banks TO issue circulation on COM
mercial paper up TO 100 per cent o.
the banks capital and surplus.
Republican Leader Mann opposed
The bill and forced several roll calls
on points OF no quorum hoping to
prevent a final vote before s o'clock
when adjournment was expected.
The bill was passed to its third read
ing on roll call after a two hours
wait for quorum.
As soon as the quorum appeared
the speaker signed the enrolled war
revenue bill and the plans OF the
leaders for enrolment were COM
plete. At 5 o'clock Representative
Mann forced another roll call, con-
hdent that before it established a
quorum the senate would have pass
ed the adjournment resolution end
ing the session. Even the cotton
belt representatives relaxed in the
expectation OF adjournment.
Murray Organizes Quartet.
Alfalfa Bill Murray of Oklaho-
ma entertained the scanty mem
bership and the scattered crowd in
the galleries by organizing a bi-par-
tisan quartet which rendered Good
Night Ladies'" and other ballads OF
farewell. The house took on a hol-
iday aspect. When six o'clock ar
rived the clock was turned back
twenty minutes, the house moment
arily expecting the passage OF the
adjournment resolution in the senate
The quartet which had grown tc
a chorus evoked applause with a
phenomenal rendition of How Dry
l Am"
Then Majority Leader Underwood
entered the charmber and announc'
ed that all hope of final adjourn
ment was lost, and that with NJ
prospect of securing a quorum in th'
house before election day there wal
nothing to do but to adjourn unit
tomorrow and the hundred or NOR
representative who had been wait
ing with their grips in the cloaI
rooms and their trunks at the uniol
station filed dejectedly out Of tn
chamber. Some left Washington de
spite the situation, while other
cancelled their reservation.
Fiaht to Be Continued.
The cotton states leaders on bot
sides in the capitol asserted tina
they would continue their fight to
, morrow. In the house the souther
ers demand the passage Of amend
p ments to the currency law broad
ening the credit power of banks
I the federal reserve system.
These amendments in addition
increasing the amount of currenc
a bank may issue on commercii
paper TO 100 per cent of its capitt
e and surplus, would add to the cred
9 power Cf the ivserye system by a
lowing member banks to deposit
d reserve banks those reserves whiC
mdSt now lie held in their oW
J. vaults. with these is coupled a
e amendment authorizing the treasul
q to institute a system of bank no
| ! ciaarances through the federal 7
- serve banks and to appoint reser'
9 banks as redemption agents for ci
= culation.
e These bills are now under consit
y Grafton in the house under a speci
s rule and debate on them has bee
o exhausted. They will be follow
if a quorum can be secured for
- vote on them by the Lever cottt
: warehouse bill which would crea
system of government inspect
warehouses for the storing of co
ton.
|, In addition to these Senator Smi
\ tonight asserted that he desired
> amendment to the banking laws whi
would repeal the present tax OF
, per cent on state banks circulatiI
notes in order that southern stat
might issue state circulation bas
on cotton warehouse certificates.
N President Wilson made no col
Of ment on the failure of congress
III adjourn. Earlier in the day he
ID pressed the hope that some of
IS, cotton relief bills might be passed