The Superior times. [volume] (Superior, Wis.) 1870-1912, 1903-09-05
WASHINGTON LETTER.
(From Our Regular Correspondent
Washington, Aug. 81, 1908.

Sec. Shaw has greatly relieved the
approximations entertained by leading
financieis, by devising method
whereby he will be able to deposit in
the national banks fund Of not less
than SAC, 1000 if the movement of the
crops this fall liz attended by money
stringency. According to the Secre-
tary's explanation, he began last fall
to gather the internal revenue re-
ceipts into fund to meet just such
an emergency. These receipts have
been segregated so that there has
been no intermixture of customs re-
ceipts and the Secretary believes,
therefore, that he has all necessary
authority to use the internal receipts
TO relieve the banks if The occasion
arises. IL is, moreover, the intention
of the Secretary to accept state and
municipal bonds as collateral for the
deposits of the internal revenue funds
as was done last year when the strin
gency in Wall Street became acute.
| 1t was not the intention of Secretar"
| Shaw, however, that this source OF
relief should become known at this
time, az he feared That his ability To
relieve the situation might be dis
counted, but the facts leaked out and
now the Secretary will explain his
plans in an address he will deliver in
Chicago this week,
Meanwhile, Senator Aldrich has
issued statement from his home in
Providence in which he says that he
has reason to believe that material
progress Is being made in the har-
moniztng of the views Of the Senate
and House on the subject of currency
legislation and the Senator even goes
80 far as to say that when Congress
conyenes, Speaker to be Cannon
will be found to be as enthusiastic in
support OF the measure which the
Senate Finance committee viii bring
In, AS Mr.. Aldrich himself. " such n
result is attained 1t will prove another
monument to the great harmoni2ing
powers Of Senator .lldrich who has
gone west on a mission OF peace and
education Senator Quay. who has
passed through Washington on his
way to Florida last week gave out q
brief and characteristic Interview Oh
subject of financial legislation which
foreshadows an intention on the part
of tn Q senator from Pennsylvania tt
make trouble when the tinancia
measure comes up on the door OF the
Senate. The Senator says that he
sees no occasion for financial legsla
ton, that there liz money enough toI
everyone but the Wall Street bi oker'
and he secs no reason why Congres'
should legislate TO please them. Mr.
Quay also says that he appreciated
that Wall Street can occasionally cor
ner the money of the country, but h,
does not believe that any reasonable
1
ton will foil the avaricious mischief
makers of Wall Street There is some
doubt, however, among those who are
acquainted with the willy Pennsy Ivan
ian, IA to whether he was altogether
sincere In this interview and it is sug-
gested as not unlikely that Mr.. Quay
was merely seeking to bring Senator
| AldgiCh to terms on a Statehood bill
which, 1t IL said, is to he rcsuscitated
at the coming session of Congress. II
Sen. Aldrlch will give Mr., Quay his
way with the Statehood bill, Mr..
Quay's opposition TO financial legisla-
ton will silently fade away, say the
political wiseacres.
Numerous phases of the Indian Ter
ritory land scandals continue TO be
aired and ii has become evident that
there are grave abuses in tho Terri.
tory which call for immediate action.
Meanwhile, the Secretary OF the In
'erior, acting under the directions of
the President, is using every endeav-
or TO secure a competent commission
eT, not connected with the Depart
ment OF the Interior, to make a thro-
ough investigation OF the situation.
and the Acting Attorney General is
trying TO secure an examiner TO in
vestigate the employees OF the Depart.
! ment OF Justice, against whom similar
charges have been preferred. There
Is now little doubt that practically all
| OF the members of the Dawes Com
mission have interested themselves in
| companies organized TO make money
! out OF the Indians and It is predicted
that an effort will be made by the
| President to get rid of them, The
Presidents prompt action in the case
of Jenkins of oklahoma, who was
found to he interested in contract
for supplying provisions TO the terri
( torial Insane asS lum, is cited rs fore
runner of his action in this case,
Doctor, tur ,n,,nna,