Evening Republican, Volume 17, Number 186, Rensselaer, Jasper County, 6 August 1913 — DEMOCRATS SPLIT ON CURRENCY BILL [ARTICLE]

DEMOCRATS SPLIT ON CURRENCY BILL

Motion Passed at Last Moment Extending Privilege to Interests on Saving & Trust Departments Washington, August s.—The administration currency bill, still further amended in Important particulars, emerged from the Democratic conference of the house banking and currency committee today over the protests of Representatives Neeley, of Kansas, Eagle, of Texas, and Ragsdale, of South Carolina. At the end of a lively session in which the democratic objectors promised to carry their fight to the floor of the caucus next Monday, the Glass bill was approved by a vote of 11 to 3. Earlier in the day President Wilson’s currency program had come v in for open criticism in the senate. Senator Hitchcock, democratic member of the currency committee of that body, in a speech directed against the plan for currency reform at this session, said he believed “the mere agitation of the banking and currency question at this session has been a mistake.” The differences Wong democrats of the house cortrmittee were not settled by i final action on the bill Besides the three who voted against it, Representative of Arkansas, expressly stated that be would fight for amendments to the measure in the caucus. Notice was served upon Chairman Glass today that an attempt would be made by the opponents to have the caucus Monday thrown open to the public. It is understood to be their desire to bring out open discussion on the amendments defeated in the committee, for the legalizing of corn, wheat and cotton warehouse receipts as the basis for circulating notes. rr The savings bank and trust companies amendment proposed by Representative Bulkeley, was adopted by a vote of 10 to 4, and Representative Neeley’s motion to recommend an open caucus and Representative Wingo’s amendment to prohibit interlocking banking directorates, were defeated by similar votes. In each of these contests Representatives Neeley, Ragsdale, Eagle and Wingo voted against the balanee of the democrats. The currency bill probably wiß not be passed upon by the republican members of the house committee until it has gone through the democratic caucus.