WASHINGTON -- By a vote of 48 to 35 the Senate this afternoon sent the currency bill to President Wilson for approval. The vote on the conference commission's draft came at the end of four and one-half hours of acrimonious debate in which Republicans assailed the majority party for its course in framing the measure.
A flood of telegrams were received today by Secretary of the Treasury McAdoo from banks wishing to become members of the federal reserve system.
WASHINGTON -- The currency bill will become law at six o'clock tonight. Debate in the senate was perfunctory in view of the promise by house leaders when the bill passed the house that a separate measure would be presented at the present session providing for guarantee of bank deposits.
The engrossed bill is expected to reach the White House at four o'clock but because Senate and House leaders desire to make a ceremony of the signing the president has delayed his approval until six o'clock. He plans to attach to the measure a memorandum of what he believes the bill will accomplish.
The house passed the conference report on the administration currency bill at 10:46 o'clock last night by a vote of 298 to 60 and sent the report to the senate, which had waited in session to receive it before adjournment for the night.
Prolonged and uproarious cheers from the democrats greeted the announcement of the vote by Speaker Clark, and many members of the house hastened over to the senate to see the report received there. Earlier in the evening the senate has agreed to vote not later than 2:30 o'clock this afternoon and the leaders regarded it as certain that the completed bill would be in the hands of President Wilson for his signature before tonight.
On the final vote thirty-four republicans, eleven progressives and one independent, Kent, of California, voted with the majority for the report, and two democrats, Calloway, of Texas, and Witherspoon, of Mississippi, joined the opposition.
The vote followed a debate of nearly three hours during which the galleries remained crowded with spectators, including many prominent figures in official life. The house adjourned until 2:30 p.m. today, when the leaders hope to put through a joint resolution for a recess until January 12.