Show PLAN ON CURRENCY LA LANew LAW New Measure to Be Placed Before Both Houses of Congress Today o ay IS RESULT OF CONFERENCE Emergency Money Question I S Again to Come Up Before I i Legislators Washington tn 2 TIme The The 7 May announcement announcement announcement an an- was v made made- m o tonight by y Senator Aldrich that a new compromise compromise com corn comI I promise emergency currency plan had been agreed upon by the thc senate Donate an and house cont conferees and that time the bill 11 would be introduced ed d. d tomorrow and plC dl lo 3 t oj t l Time The senator taid aid that only time the g s oral the plan determined determined determined de de- de- de ern outlines t of or ce upon The Tho details are arc to tobo toe tobe bo be e worked out tonight and n agreed reed upon nt ot a conference to bc begin Jn to tomorrow tomor mol mol- row morning at ot 9 o'clock and amid continue coP con until the bill 11 ha has boon been passed Pending Pending- the presentation of ot the Iho bill bi all al the thc parties partes to the conference pledged ed themselves to secrecy as to the terms of or the compromise The rite members members mem mem- bers of ot the house committee interested In the measure are arc assured 1 by the thc house COI conferees that many conce concessions have been made b by the senate conferees con con- nn and more are aTC expected from the Lime upper house It I is rumored that the new bill bl will wi carry carr both the bond bon feature of or the Aldrich ldrich bill bi and the time bank asset feature feature fea fea- I ture ure of ot the tho Vreeland bill bJ as a soun sound basis for fOl the issuance of ot emergency currency to the extent of or Issuance ma may be made on municipal bonds bons to GO CO per cent of their face fac value and on hank bank a assets sets to 10 40 percent pet per cent of their value The reserve will willLie wi be Lie 10 per cent in gold Senator Aldrich expects congress to toa a adopt opt the bill bi before adjournment A number number of Democratic senators senator howver how how- ever ver stated state In private to today that tho they i iwi will wi oppose an any measure aSUe which In Involves Involves In- In s the house idea Idea of or asset currency currency cur cur- rency reney or the use of clearing house certificates certificates us oS basis for emergency mer ency Issue Isue of or money by tho the banks Senator Senator Sena Sena- tor Lor Culberson the tho minority leader er Senators Teller Teler Clay and Bailey Daley have ha declared their Intention to talk such sucha a n bill 1111 bi to death cath Senator clator Al Aldrich de declines de- de e- e clines chines to bol believe eve that there o will wi be bo a Democratic filibuster in the senate Democrate a against the thc conferees conferee's report 1 President ent Roosevelt cH has lias ha taken en an active part In bringing about tho the com com- promise He did not wish congress to 10 show sImon any 01 Inability to legislate on currency questions |