The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-01-05
LOOKING INTO THE TREASURY.
SECRETARY GAGE CALLED on FOR
MUCH INFORMATION.

The House Calls for All Correspon-
dence and Agreements With Ma
uOnal City Bank and Hanover Ma
tionaI Bank Relating TO Govern
ment Deposits-House Also Wants
to Know About Sale of New York
Custom House.
Washington, Jan. 4-The House session
was very brief again to-day, the only in
cdent being the adoption of the Sulzer
resolution introduced yesterday calling
upon Secretary Gage for all information
regarding the deposit of government funds
in certain New York national banks.
The resolution as adopted was made
more general in It's scope and an amend
ment was added to cover information re-
specting the transactions relating to the
sale of the New York custom house site.
Secretary Cages friends had been inform
ed that he courted The fullest investisa-
ton and was prepared TO submit all the
facts to Congress. Accordingly there was
no friction over the passage of the resolu-
ton, which was unanimously adopted.
Mr.. Payne. chairman of the Committee
on Ways and Means, presented the Sulzer
resolution as modified by the committee
for immediate consideration. The resolu-
ton as modified is as follows
Resolved, That the Secretary of the
Treasury be and he hereby is requested to
furnish the House of Representatives The
following Information: nov
First. Copies of all letters, agree
ments, papers or documents between the
treasury department of the United States
or any person connected herewith ana
the National City Bank and the Hanover
National Bank of the city of New York
or any person acting for them, or either
of them, since the 4th day of March, 1897,
relating to the depoSiting of pubic 1uhus,
bonds or revenues in said bank or banks,
or any other relations of business trans
actions now existing or heretofore had be-
tween the government and the said BANKS
or either of them.
Second. The amount of public money,
bonds or revenue deposited with said banks
or either of them or with any national
bank by the government, upon What Sc
curity, for what length of time ana the
reasons therefore, and whether said banks
or any of them have paid the government
any interest on said deposits, and if 50,
how much, and all other information con-
corning the same or in any way relating
thereto.
Third Also the date of the sale of
the custom house property of the United
States in New York city to said National
City Bank the date of the execution of
The deed thereto the date and manner of
payment of the purchase money therefor,
the disposition of the proceeds of the said
sale and whether or not the government
has paid any rents for the said property
or any portion thereof for any purpose,
since the day of sale, and if so, to whom,
and all facts relating to the said transac-
tion."
Mr.. Sulzer arose after the presentation
of the resolution and said he would accept
the amendments.
Mr. Richardson the minority leader,
asked for five minutes which he desired to
yield to Mr.. Levy, Democrat of New
York The request was compiled with and
Mr. Levy offered an amendment to the
resolution, which included a request for
the secretary's reasons for delaying the
deposits in national banks until the panic
had occurred. Mr. Levy said he had
warned the secretary in September that
a panic was imminent. Had the secret airy
needed that warning and deposited govern
ment funds in national banks in Septem-
Der and October, instead of buying bonds.
the panic would have been averted. The
amendment was promptly ruled out of or
der and the resolution, as offered by Mr..
Payne, was adopted.
Then. al 1920 p. m, the House adjourn
ed until Monday.