Show FINANCIAL ACT TO Of I Statesmen Say That Wise Leg Legislation Legislation Legislation Will Be Needed Soon Washington Sept 21 AIn In something lose lees t than five years to be exact on Oft June JUM M The Vreeland financial act a t tWill will expire Ly limitation and unless leStI be H before before fore tore that date it ia is replaced by a wisely framed measure of broad scope COPe the coon coun country try will again be in the perilous situ situation situation that is commonly believed to have resulted In toe the panic of There ia Is a general g ueral realisation re of f the tM i necessity of legislation lation on os this t subject Speaker Speake Cannon believes that a mere lucre ex en extension tension of the present law with perhaps a few amendments in details wilt will ill suf ant suffice suffice fice flee President Taft raft looks with favor tavor upon the proposition to create a great central bank and there are all sorts sort of schemes Probably that which commands the greatest support will willbe willbe willbe be based bas d upon up n the recommendations of the monetary commission which has been at work for tor more than a 8 year gather tog big the material for the construction c of ot the actual legislation It Is ia fully understood by Senator Aid Ald Aidrich Aidrich rich who heads tho commission and by the of finance that it will be difficult to arouse interest of the mass may massof massof of the people in the detail details of this rath rather er abstruse subject and that only by general agitation can the national legis logic legislature legislature lature be 00 brought to the point of action If It J C it required ten years t ara to bring about a revision of the tariff certainly a pe period period rind of ot less lees It s than five years year is none n too toe long to perfect and enact legislation on ona ona ona a subject t so complex and important as asis asIs asis is involved in a general revision of ot the entire financial system of UK th republic Therefore Ther fore soon after the return to Amer Ameto tea lea from Europe of Senator Aldrich AMrich and Andrews and other members of the iD in which ia Is t expected tob to tobo tobe bo be b about the middle of next month prep preparations will be made for the publication tion Zion of the preliminary report of ot the com coin commission mission and it Is 1 hoped that this can be I ready for submission lon to congress when it reassembles reassemble In December D I |