Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-01-30
WEATHER BUREAU
KNOCKED OUT
Continued From Page T..

caily, L am here to condemn It. and to
insist that 1T i'll becomes the Secre-
tarY or the Treasury to go into part
nership with a corporation"
with Its interest on its nominal pay
ment to the Government and its de-
posted bonds and with the rental
charge upon the Government, rental
oeing -FOUR per cent. on the purchase
price, this Juggling had enabled the
bank to make s357,000 up to date.
COMING AND GOING"
Mr.. Sulzer. of New York, the author
OF the resolution. said the Republican
party dared neither to smother nor Ig-
more the resolution. Ever since the
present Secretary had been in office
Mr. Sulzer said. he had been aiding the
National City Bank at the expense of
other national banks. 1t had been maxi
ing millions coming and going" He
declared that the people of the country
recognized that the Secretary of the
Treasury was unfit and Incompetent to
hold the purse strings. The United
State Treasury was made the fnstru-
ment of the Standard Oil trust Ave
more, he said the people believed the
Secretary should be impeached.
MIR. GAGE DEFENDED.
Mr.. Hopkins. of Illinois, in reply, said
that all this discussion was premature
and out Of place. Il simply rise" said
he, TO protest against this unfounded.
unwarranted and untrue charge made
by the gentleman from Tennessee
(Richardson). What right has he to
impute false and fraudulent motives to
the Secretary OF the Treasury 2"
why did the $4,000 remain unpaid?"
interrupted Mr.. Richardson.
"Ill come tn that rap1;a5 AZ,
kins. Proceeding. he said Mr. Richard
son had charged that the Secretary had
entered into q fraudulent contract At
affirm" he said, that there is no sup
port whatever for the charge The
custom-house property was sold to the
National City Bank. 1t took possession
and made lease. I claim that the citv
and State of New York can proceed to
the collection of taxes Just as if the
paper title had passed
Under the law, the Secretary of the
Treasury sold the property to the high
est bidder. The National City bid
$4,000 more than any other bidder
What is the next offense? That the
purchase is a government depository
selected by a Democratic administra-
ton because of it's financial standing.
and deposit in that bank was the
D.
treasury or in the Treasury itself
RESOLUTION CRITICISED.
Mr.. Hill. of Connecticut, declared
that the resolution for an investigation
was pure buncombe, intended for Do
litical purposes. just as a similar reso-
luton directed against the Democratic
Secretary of the Treasury in the last
administration was.
AS to holding back $4,000, Mr. Hill
replied that the law under which the
property was sold compelled the pay
ment of only S750,000 cash, the remain
der from time to time.
The Secretary was compelled to re-
ceive any cash payment in excess Of
s75O.000 Furthermore. the city could
not lose the taxes upon the property.
He proceeded to explain the tax laws
of New York relative to national banks
Therefore" said he, In conclusion, "the
disreputable charge that the Secretary
of the Treasury did anything with
fraudulent intent falls to the ground"
(Applause on the Republican sde)
QUESTION UNANSWERED.
Neither Mr.. Hopkins nor Mr.. Hill.
said Mr.. Richardson, had made any
answer to his question as to why the
Secretary of the Treasury had not
taken q paper credit for So, 100000, in
stead of s3.215,oOo. He insisted that
failure to answer had left open the
question rs to taxation. He also ques-
toned the right of the National City
Bank. with capital Of $1,000 900, to