The Minneapolis journal., 1905-10-15
Admit They Have No Business
Touching on Subject Other
Things They Stunned.
CULLoM's PLACE ON
COMMITTEE SECURE
Mackenzie Will Not Sumbit Esti-
mates on Needed River and
Harbor Work.
Nv w. w. Jern,ane.

Washington, Oct. i 14.Those mem
bers Of the American Bankers asso-
citation who are still in town are saying
that a mistake was made yesterday
when, the convention being in the hub
bub Immediately preceding adjourn
sidy legislation was introduced and
adopted. ~
The bankers of the country are not
experts on the subsidy question, and
probably very few of them have any
sort Of exact information concerning it.
Some Of the bankers are now saying
that it was an act Of questionable pro-
priety to force on their gathering a
snap vote on matter of this kind.
Fortunately the declaration will do
no harm, for the circumstances under
which it was brought about will pre-
vent its having any effect on congress
It is probable that the incident was
chiefly due to the fact that Secretary
Shaw, in a speech to the bankers the
day before, advocated the subsidy, and
followed the speech with a reception.
to the bankers at his home. Perhaps
the bankers who presented the resolu-
tion felt that 1t would be fair to indorse
the secretary.'s speech by resolution
as an actaof reciprocit s :.
Other Better Topics. szse
IF, however, the convention was to
let itself be hoaxed on public questions
Of general interest outside the banking
specially, it is obvious, as one Of them
pointed out today, that there were sew
eral topics on which it could have ex-
pressed itself with more propriety and
profit than on ship subsidies. # I
Among these topics are the misuse OF
,cn'isS 1aa VvnofI
seats in dummy; directorates,y and the
close connection that has existed be-
| tween some of the great insurance COM
spanies and certain trust and banking
| houses of New York for purposes Of
! speculation in insurance funds.
These subjects come within the pnr-
view Of banking, and would have been
topics Of Legitimate inquiry or Tesolu-
ton. Ship. subsidies have no more to
/ de with. banking than they have with
the law of graV graVita -. IS
/ cullom,s Yace Secure.
There issno tfufls in the report sent
out from this eitysN the effect that an
j effort willss be maze when congress
meets to retire Senator Cu1lom from his
place as chairman of the committee on
I foreign relations. Cullom will hold that
! place by right of seniority as long as
he remains in the senate and that body
i is controlled by republicans, and neither
Lodge nor Beveridge wants to unseat
! him.. - ,-.-< - s.,
In. attempting such a. thing they
would war aginst all precedents estab
lished for more than century and
having all the force. of law, and :woule
also do something that might imperH
their own chairmanships IN future
years. The entire story is without
foundation.
A It is also untrue that the president
turned Cullom down in refusing to ap
point Lieutenant Governor Sherman OF
Illinois to the Interstate commerce com
mission in succession to Governor Fifer
resigned. - .:.@. ~ .s'' e
u Man From Pacific Coast.
The president knew Of Fifer's. pro
posed retirement several months ago
long before it came to the attention
Of Cullom or any Illinois politicians
He then decided to fill the vacancy, whe1
BIT should occur, by naming some mar
from the Pacific coast. He had already
arranged to do this before Cullom called
this week to request the appointment o.
Sherman, and had been In correspond
ence with the man he had picked out
The situation was explained to Cullom
who is entirely satisfied. .zeSa
:. The president is not dissatisfied will
: Cullom g management of the Santo Do
mingo treaty. Cullon has favored tha