Show CURRENCY PARAMOUNT T IN SENA IE Many Conferences Held in Effort to Bring Order Out Oat of 01 Co Confusion fusion BRISTOW DOUBTS PASSAGE OF BILL Expert Charles A. A Conant Approves Principle of Administration Administration Administration Ad Ad- ministration Measure WASHINGTON Sept 30 Currency Currency legislation loomed today as a paramount para mount issue bane on the senate side of the capitol with the administration tariff law within a a. few rew days of the statute books A series of or conferences at the tho White House and at atthe the capitol endeavored endea endeavored endea endea- to bring some sort of order out of ot the confused contused situation on surrounding the administration currency bill in the senate banking and currency com corn After Chairman Owen and aull Senator of the committee had discussed dill dis die die- cussed the situation with the president they conferred with other members the Uie committee None Norie of oi tho the ID Demo Demo- mo cratic members ers of tho committee would venture a prophecy as ae to the I course courso or of orth the bill biJ but Senator Bristow of ot Kansas Kanea declared that he believed there was little chance hance of currency le legislation at this session of con congress Action in Senate Unlikely I presume that some o a a. a bill biU will be bo reported jn in some way aY in ili ia a month or so 10 sid said I There will 11 l ev ral re C l t 1 bu Bb able t td get et the Democrats on the com committee com together i including ludin Senators R Reed ed 0 OGorman O'Gorman and Hitchcock I cannot cannot can not say but hut that hardly seems seems Jik likely h. h unless th tho h bill is radically radie changed There is not Dot likely to be a any y currency bill passed by the senate at this se ses ses- ses sion ajon An expert discussion of the administration administration adminis adminis- currency bill biJJ was given Riven before the committee today bv by Charles A A. A Conant of Now York Mr Conant devised devised de de- de I the currency systems now operating oper oper- in hi the Philippines and in Panama I Mr Conant indorsed the theory an and 1 general prin principles of th the tho bill He said saW that the tho plan of iss issuing money on rl rigid d security s such ch as bonds was not a means meaDS of providing an elastic currency He Ho favored the scheme in the bill bilI of issuing f currency n y on on short time commercial com corn mercial paper |