| OCR Text |
Show Mil WILLING I ilCCEPHlffi WCULD NOT FIGHT REDUCTION IN NUMBER OF RESERVE BANKS CANGE IN BOARD. Announces Willingness to Consider Proposal for Recess of House, Believing Be-lieving Currency Bill Will be Passed at Present Session. Washington. With President Wil. son willing to accept substantial umtndmejils to the administration currency bill in the hope of securing secur-ing speedy action on the measure in uie senate committee, supporters of the administration on (Monday grew optimistic over the chances for the passage of tho measure before the end of the extra session of congress. The president himself in a letter to Majority Leader Underwood an-nounced an-nounced his willingness to consider a proposal for a recess of the houso, because, he said, oonlfarences with members of the senate conference committee led him to believe the bill would be reported to the senate the first week in November and passed at the present session. Republican members of the committee commit-tee and Senator Hitchcock of Nebraska Nebras-ka were inclined to look upon this plan .as too optimistic, but other members mem-bers of the committee said they hoped " to be able to live up to the president's expectations. A reduction in the number of re-serve re-serve banks, fixed by the administration administra-tion bill at twelve, and the removal of the secretary of agriculture and the comptroller of the currency from the federal reserve board which would control the new currency system, were amendments which the president presi-dent let it be known he would not oppose.- Almost all the witnesses before be-fore the senate committee have contended con-tended for these amendments, and a majority of the committee is believed to favor them. |
