Show I FINANCIERS FINANCIERS OPPOSE EXTRA SESSION OF NATIONAL CONGRESS NEW EW YORK Nov 10 4 Financiers t.-Financiers ers of New York hold opposing views rc regarding regarding regard regard- ard ing tho su suggestion estion that President Roosevelt call an nn extra session of congress congress con con- gress ress at once to provide for currency reforms Half Halt a dozen members of con congress ross men prominent in the house ep oppose ose it The financiers who oppose a special session of congress generally favor or currency currency cur cur- currency rency reform but the they hold hoM that the ther r regular ular session session of con congress is so 60 near the tho the subject can caD be considered then Leslie M. M f. f Shaw Sha president of the Carnegie Trust company and former farmer secretary of the treasury is one of those who favors immediate action He lIe says if congress eon had acted last winter the crisis through which we are ll now W pa passing would not have happened Wise legislation he said cannot cannot cannot can not be passed too quickly quick I. I E. E H H. Harriman James Stillman and Henry Clews arc aro against the idea Mr r. r Harriman said No Ko e extra session can help existing conditions What we vre need is rest and quiet and the tho opportunity for things thin s to become normal Tames James Stillman president of the National National Na Cit City bank said Wo C WO should have havel moro more currency Financiers have o known this for years I have worked for it but when it comes to adopting legislation we must musto go o slowly So far as present condi conditions ions nr aro arc concerned all that is needed is for the tho press to keep on reassuring the public that there is no occasion for tor apprehension Values Valus are absolutely fixed fired but of course w vo we cannot have havo money with which to do business if people hoard it away There is no danger danger dan ger and the people should understand this Henry Clews said aid c C p X p harm harl will b be done dODe b by waiting f for far r the rc regular session The present difficulty will ill gradually pass away da day by bv day We are already alread over o the worst of 01 it Theres There's no longer any sting of panic pani As soon aa as congress conETe 15 does meet it will be for the president then to present pre pray sent seat his views vif on the situation to th them cut and start them on their work ork AmoD Among the congressmen interviewed on the tho subject and all of whom expressed expressed expressed ex ex- pressed opposition to tho the idea of calling calling call call- ing a special session sjon to consider tho matter were Charles N N. Fowler chairman chair man of the hou house 6 committee on banking banking bank bank- jn ing and currency W. W P. P Hepburn chairman of the interstate and foreign commerce committee John Dalzell Joseph Jo seph H. H Gaines and W W. C. C Calderhead |