The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-02
THE DAY IN TIE SENATE
Mr.. Allen Discusses Secretary
Cages Dealings With Banks.
lie Comments Upon the Reply to the
Resolutions of Enquiry Corre-
spondence With New York Finnn-
cinI Institutions Again Brought Up
MIR. Rawlings Seeks Information.

Mr.. Allen addressed the Senate yester
day on the subject of his resolution dis
charging the Finance Committee from fur.
ther consideration of a former resolution
submitted ~ him, calling for information
/ from the Secretary of the Treasury as tt
| his transactions with the National Cit,
! Bank and the Hanover National Bank o
New York.
When the former resolution was laid
before the Senate Mr.. Aldrich stated that
he did not think there was reason for fur
ther enquiry in view of the replies tina;
have been made by Secretary Gage. Mr.
Allen replied to this statement, saying
that the replies have not been sufficient
! and that as it appeared that distractions
were TO be placed in the way of further
| investigation he considered 1t his duty
TO make some remarks on the correspond
ence involved in the transactions referred
to: He first read letter from Vice
I president Hepburn, of the National City
Bank, OF June 5, 1897. asking Secretary
Gage to continue that bank as a national
depositary. calling attention to the list
OF its directors, and adding that the bank
had great political claims, in view of
what was done during the canvass last
year" -
The Hepburn Letter.
Mr.. Allen read the list of directors in
cluding the names of Mr.. Havemeyer.
President of the Sugar Trust: Mr.. Post. 4
director of the Sugar Trust. and Mr..
Rockefeller. President of the Standard Oil
Company. He said that there was no rec
ord of any reply to Mr. Hepburn's letter
but that he desired to call attention to the
fact that it was followed by large Govern
ment deposits in the National City Bank.
which increased from 5000. 900. on May IL
1897, to the enormous sum of S2i O0O. .000 a
short time ago.
Mr.. Allen commented upon the letter OF
Secretary Gage to Mr.. Stillman, President
of the National City Bank. speaking Of his
intention TO dine with the directors Of the
North American Bank of Philadelphia. and
proposing quiet conference at the Walton
Hotel.
He went on to speak of the familiar
terms in which President Stillman and
Vice President Hepburn addressed the Sec
retary of the Treasury. which he said was
hardly consistent with the attitude sup
posed TO be maintained by Cabinet officer
toward those with whom he is having busi-
ness relations.
He spoke of another letter from Vice
President Hepburn TO Secretary Gage as
''an invitation TO enter a conspiracy with
him and to give the false impression To
the country that there was more money in
reserve in the national banks OF New York
than there really was
"One would suppose" said Mr. Allen,
that an attempt to entice the Secretary
of the Treasury into a conspiracy of that
kind would call forth a sharp rebuke from
him. yet this correspondence indicates en-
couragement rather than rebuke." Refer
ring TO Mr.. Hepburn's proposal TO be the
financial agent Of the Government in Ma
Mia, he criticised IL as proceeding that
was out of the ordinary, and that should
not have been encouraged.
Mr. Carter of Montana said that he had
happened to be in the office OF the Paymas-
ter General of the Army at that time. and
found that the Paymaster General was ab-
solutely without facilities for securing he
payment OF troops in the Philippine ISL
lnds. except through London.
Mr.. Carter's Question.
Does the Senator from Nebraska" he
asked, regard as improper the effort to
have American banking connections there
our soldiers and sailors serving
in that distant country may be paid in
American coin. through an American bank.
without the ruinoas discount they would
nave TO pay in getting it through London -
Mr.. Allen replied to this that such a
question might be considered departure"
n pleading. 1T is not a departure from |
he truth interposed Mr.. Spooner. sar. |
though it may be departure |
rom your speech"
Mr.. Allen said that he objected to being |
in that manner. aud that he |
lesired TO proceed with his remarks with |
,ut attempts being made to divert him /
rom the subject.
81 understood the Senator's remarks to |
Dc a criticism Of the Secretary OF the |
replied Mr. Carter. "for pro-
,osing to have bank organized in Ma
lila to AFFORD facilities for the transfer of |
money between Washington and Luzon"
IT the Senator understands that" an
'wered Mr.. Allen. "he is in error. as he
5 in many other things. ! have made no
omment upon that thus far"
Mr.. Aldrich remarked that the Senator
rom Nebraska was endeayoring to show
hat an American bank WIS trying to get
hat business, not that the Secretary of |
he Treasury was trying to give it,
To this Mr.. Allen replied: THE Senator
rom Nebraska enters a denial to the COIL
lusions of both those Senators. and viii |
lake his own logical deductions"
"a logical deduction made by the Senator
rom Nebraska" Mr.. Carter exclaimed,
Mr.. Allen next referred TO the efforts
made by the National City Bank. through
enator Platt of New York. to have that |
'ank made the depositary of the post
fice fund. He commented at some
ength on this subject and read the cor
relating TO it. closing with
Ir. Cages letter to Mr.. Stillwell. in
orming him that the postal funds were.
y law. under the control of the Postmas-
er General. who had designated as the
epositary the Seventh National Bank of
Few York. of which Perry Heath, Asst
mt Postmaster General, is a director.
AT this point the morning hour expired
'ithout Mr.. Allen having concluded his
emarks.
A Question of Personal Privilege.
At the opening OF the session Mr. Raw
Ms rose TO a question of personal privi-
sge and OF parliamentary enquiry. He
aid that he had noticed in the Record"
Ir last week that frequent references
, himself had been made in the other | :
ouse to the effect that he might have re-
called certain things as to the domestic |
FAIRS of the citizens of his State, and ,
the moral status OF membe. or
embers of the House of Representatives. ,
THE parliamentary enquiry which /
ish to make" he continued. lis whether
not such illusions TO a member Of this
Idy is q breach of the courtesies aud :
-ivileges OF this body and whether or not
would be within the privileges of
ember of the Senate TO reply TO such
lusions." 4
The presiding officer tMr. Frye replied
at If any Senator should begin an attack
ION a member Of the House he should