| Show CONGRESS WEAK WUK IN HOUSES Small Chance for Intelligent Remedy for Alleged Short Shortage Shortage Shortage age of Currency ALDRICH GUIDES SENATE WALL STREET DIRECTS RHODE ISLAND SENATOR Special to The Herald Washington Nov 17 The financial disturbance In New York and a the flur flurry flurry ry 19 In other parts of ot the country will result in considerable discussion of ot finance at the coming session of ot con congress congress congress gress and will produce unusually large numbers numb rs of ot bills to amend the banking laws Jaws The subject will be discussed by the president in his message and the Congressional Record will be loaded with all kinds of ot talk as to the advisability of ot changing the currency laws of ot the nation But the more con eon conservative conservative men who have viewed the situation In its broadest light believe there will be ho no financial legislation and in their judgment the talk will come to nothing If It these views prove to be incorrect and financial legislation is undertaken en enIt It will be most unfortunate for the country because the legislation will willbe willbe willbe be to two committees which are art not properly constituted to handle a Ii subject of this importance The Thi senate committee Is largely composed of or men who are incapable of ot framing safe financial legislation or who would take advantage of ot the situation to put through legislation In the Interest of Wall Vall street rather than In the Interest I of the entire country Tho The house com corn committee i is made up almost entirely of men vho who are Incapable of passing judg judgment judgment ment mont upon a subject of such conse consequence consequence consequence quence Personnel of Committees I 4 The Tho senate committee of finance is f constituted as follows V Republicans Nelson W v Aldrich of Rhode Island William B Allison of ot Iowa Julius C Burrows of ot Michigan Thomas C Platt of New York Henry r e V Hansbrough Hanabrough of North Dakota Boies Boles Penrose of Pennsylvania Eugene Hale of Main Democrats John W Yo Daniel Vir Virginia ginia Hernando D eD Money Mississippi pi Joseph Jos h W Yo Bailey Texas James Tames P Taliaferro Florida The house committee is composed of the following t members Republicans Charles N Fowler Fowier New Jersey George W T Prince Illinois William A Calderhead Kansas Llew LIew Llewellyn Llewellyn ellyn Powers Maine alne Henry Henr T McMorran ran Michigan Capol Weems L Ohio George D McCroary Pennsylvania Joseph R Knowland California George E Waldo New York Everis Evens A Hayes California John W V Weeks Massachusetts Democrats Elijah B Lewis Georgia Areene P Pujo Louisiana Carter Glass Virginia Oscar W V GillIspie Texas Ollie W T James Kentucky Kentuck George S Legare South Carolina Wall Streets Representative Senator Aldrich chairman of ot the finance committee is not a man in whom the general public has dence denee He is related by b marriage to H H Rogers and has always alwa s been re as Wall streets most Influential representative In the senate therefore any an legislation which Aldrich proposes will be carefully scrutinized scrutinised before it Is accepted acc by b the public There would be n e strong suspicion that Mr Aldrich would attempt legislation in the tho In Interest Inter interest terest ter of Wall Vall street rather than In the tho interest of the fie country Senator Allison the next ranking member of the committee Is the most solid soUd man on the tho senate committee Al lison In his long public career has earned the confidence as all well wall as the respect of the entire country countr and his Judgment on financial matters would be perfectly sound Allison however Is a very old man and Is not in robust health and It Is doubtful If tr he will be beable beable beable able to take an active part In framing any financial measures Senator Hale of Maine the last man manon manon V on fl the committee is ono one of ot the ablest men in the senate and would probably do more than any other to bring about safe legislation He Is a man of sound business principles Hale does not fin lin linger finger I ger under the suspicion which over overshadows overshadows overshadows shadows the chairman and he is not always dominated by b him although It often happens that Hale and Aldrich Aldric work together In carrying out a deft definite definite nite program laid down by br the senate committee Small Fry Senators Senator Burrows Senator Hans brough and Senator Penrose are not men of large Jarge caliber nor are they men perfectly juf conversant with financial condItions They are of a It type tYDe to whom the country is not willing to In 10 trust tr st the shaping of any financial leg eg Penrose Pen rose Is a man of very small caliber and shines only at times when hen corrupt politics Is 1 I being played The Tho other remaining Republican member of the committee Senator Platt Piatt Is too weak to t take any an part art in m inthe inthe the work of the committee and has hils for some years been inactive in the discus discussions discussions discussions of ot tho the senate Platt Is too well known mown to need further comment A Platt financial bill would have no Democratic Df members of fir f the thep p committee are afe freer from suspicion than han the Republican side but except for Senator Daniels of none of the other members are especially In Influential Senator Bailey has been a power among the Democrats but since the charges made on him in Texas and andor of or which he was ultimately acquitted it has shaken the confidence in him and his hili standing before the committee com is not what it was two years ago House Utterly Incapable It Is a matter of ot wide comment that the house of or representatives contains very ery few men competent to frame any financial laws In the last congress when the representatives were called upon to pass a banking bill only two members Fowler of New Jersey and ond nd Hill Hili of Connecticut seemed to possess any knowledge of the subject The Theother Theother Theother other members sat around and listened and seme acme few asked questions but the vast majority had no conception of what was proposed by the alleged financial experts One of these two financial experts Fowler is chair chairman chairman chairman man of the committee on banking and anil an currency which would have charge of any financial legislation which might be introduced It is true that if financial legislation became necessary the speaker could reorganize this committee substituting competent members for those who now hold places at Mr Fowlers committee table The present committee was made up at a time when financial leg legislation legIslation was not expected and the served largely to afford places where nonentities could be disposed of Such committees s have been reorganized In the past when the situation de demanded demanded demanded it II and can be again |
