Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1896-04-09
nAnp smor Ar snnnMAN.
His Conduct on Foreign AHair. Com
mittee Criticised.

mfttee Criticized.
Washington, April s.-Afr Lodge.
CRcp.. Massl gave notice that eh would
take up the immigration bill on tie
10th inst, and Mr.. Nelson Rep. Mimi
said he would submit some remarks on
the subject The bin was passed grant
ing a pension Of $50 monthly 20 the
widow OF Major-General Charles 5.
Hamilton.
Something OF debate on banlSlng
came up on MIR Teller's request that
n bill requiring national banks TO
keep their reserves IN their own vaults
be referred to the committee on nm
ance. Mr.. Teller said there was a con-
geslion Of money on the large Eastern
cities growing from the fact the law
permits bankers to keep their reserves
in New York city drawing interest.
thus taking the funds from the local
use. He rdgarded ibis as very dctri-
mental. Last septeishcr 5000. 900 900 Of
this outside money WAX lfftcd UP In
New York II tendedto Increase specu-
iation lie was informed that 75 per
cent ~ these funds were used In stock
speculation and not In legitimate huai-
ness He urged tho finance committee
to devise some method OF reform.
Mr. Hoar tRep., Mass,l agreed with
Mr.. Teller that a reform was necea-
sary. Since the national bank law
went into force the practice had grown
up OF having outside banks deposit
their reserve funds In the large cities
In order to get their interest. II pro-
vided the former reciprocity OF inter-
est between the borrowers and the
local banks. The borrowers now dealt
through the brokers who dealt with
the large cities. Gradually, said Mr.
Hoar. I'VE were building up two huge
classes, one the money borrowers and
the others the money lenders In case
OF panic. the whole structure would
tumble MS though nerve had been
touched" his opinoln the banking
law should be amended to prevent the
payment OF interest ON reserve de-
poslts in all cases.
Mr.. Morrill,, chairman OF the finance
committee. said both were mistaken
as banks OF standing did not pay In
tcreRt on reserve deposits Mr.. Hoar
insisted that they did and cited the
Boston banks. which. he said, paid 3
per cent on outside deposits. The bill
went to the finance committee.
Bills were passed authorizing
bridge across the Chattahoochee river
at or near Columbia. Ala. For the
Improvement OF the roads at Getfya-
burg national park.
Mr.. Turple, Dem, lnd) was then
recognized in support Of the Joint reso-
luton OF Mr. Call for the sending OF
a United Staten fleet TO Cuban waters
10 protect Americans and TO prevent
Spanish barbnrities. Mr.. Turpie said
this resolution was full OF meaning.
This resolution proposed to send a
United States fleet to Cuba. During the
Chile and exercised a most saIutnry
Chile and exercised most saintary
influence And now United states
fleet should go to Havana. The resolu-
tion was the natural outRrowth OF the
inert action and obstruction OF the
chairman OF the committee ON foreign
relations (Shermanl since he took ref
uge In the crypt Of conference CONF
mittee. Mr.. Turpie seriously criticised
Mr. Sherman's "ahnormal proceedings"
IN handling the Cuban resolution.
The resolution offered by MIR. Sher-
man had proposed intervention" but
Il was not disclosed by this remark
able document whether we were to In
terfere 10 restore the grasp OF Spain
on Cuba or IN behalf Of Cuba TO throw
on that grasp.
when the time comes FOR interview
fion." exclaimed Mr., Turplc. u am
Tor Intervention on the side Of Cuba
for the sake Of freedom and indepen-
dence md for no other reason"
Here was a war wnglnE for a year.
and yet. In the twenty or thirty
speeches BY Mr.. Lodeg. and number
by Mr.. sherman, before he retired 20
the cave OF Abdalnh. all that could
he learned was the calculations, There
Is a war IN cuba,r and "greut 81 the
Cuban question
Mr. sherman sat across the ASIDE.
smiling at times, while Mr. Turpie
proceeded with his vigorous nrfairn-
ment Of what he considered the mis-
management OF the Cuban regulations.
Mr.. Turpie then proceeded to describe
tho c0rdition of Cuba to-day.
Mr. Turpie took UP IN detail the con
dltons existing IN Cuba. He conceded
that exact ofiioial information WINS
meagfe Yet the "ncn Of she preaH"
aud the mass OF corrsspoHdenis. ea-
tahiished certain general and easen-
tIn principles showing a fragrant con-
Faid he had pcrisonally collected data.
lie had kept tally OF tho raids by The
spaniards lie had noted the raids