The Montgomery advertiser., 1906-06-19
PULLMAN IS
 AFTER WALSH Spicy /sbate in the
 ,< Senate. ..ZfICISED BY MR. HOPKINS South Carolinian Presses His
 Investigation Resolution. AIdrich Said southerner Was Endeav- bring To Try Case Before Evidence Was Secured and Lauded Chi-
 cago Banker.

Washington, June 1S-Senator Till man again today called up his resolu- tion providing for an investigation or the question of national bank contri- buttons to political campaign, also the recent failure of the Chicago National Bank.
 Speaking of the resolution MT. Till- man said that Senator AIdrich had waived aside the resolution on the ground that the Senate had recently passed a bill prohibiting the banks. from making campaign contributions, but MT. Tillman contended that such action on the part of the Senate was not sufficient. Believing that the banks were the principal source of revenue of the Republican political committees, he did not belieev that the House would pass the bill prior to the election next fall. hence he still felt the necessity for the investigation provided for by his resolution. He insisted that the rese- lution should be retroactive, but con- fessed that he had little hope in that direcion.
 'The bankers will get an immunity for past offenses," he predicted.
 Speaking of the Chicago bank fail ure. MT. Tillman presented extracts from testimony Of Banker Fenton of Chicago, taken by the House Committee on banking to the effect that the disas- ter was due to loans made by the banks to concerns in which the president of the bank, (John R. walsh) was inter ested. He claimed that this testimony showed that the Comptroller of the Currency had known for months before the failure that the bank had In effect loaned $15,o00.o0o to It's President
 Endeavoring to Try Case.
 Senator Aldrich charged Mir. TillHan with an effort to try the case against Mir. Walsh. saying that the matter was now in the hands of the department of justice. Mir Tillman replied that he only desired to secure an inquiry. ad- ding that Mir. Aldrich should mot pooh-pooh his efforts and claim that everything in connection with the ChI- cago bank Is wholesome and sweet, when 1t Is known that some of Mir. Walsh's acts have been crinlinal.'
 MT, Tillman referred tc q report that Mir. Walsh was contemplating trip to Europe, but said that instead. of per hitting him to pursue that course the district attorney should press the case against him and thus ascertain the truth or the falsity of the charges against him. He declared 1t to be the custom of the comptroller of the cur rency to minimize wildcat banking until 1t became too late to apply remedy
 Senator Hopkins replied that Mir. Tillman had been misled by irrespou- sible Chicago men and declared that the South Carolina Senators. "tIrade" had proved another illustration of the fact that little learning Is d danger ous thing" He charged the South Carolian with a desire to injure the Chicago banks to exploit himself I say to the Senator that he could not serve Wall Street better he said.
 TOT Wall Street wants to get con- trol of the Walsh interests.'
 TrRnsucffOnn Honorable.
 He again declared that the trans actions in Chicago had been entirely straight forward and honorable, He said Mir. Eckles had informed him that not only depositors and stockholders would be paid fully, but that several millions In addition could be saved, defended MT. Walsh as for many years one of the great bankers of the coun- try. He had not Investigated the ques- tion as to whether MT. Walsh had vio- lated the criminal law, but he knew that MT Walsh has stood ready right along to meet any such charges. No action was taken by the Senate.
 When the Senate Committee on Fi- nance meets tomorrow afternoon MT. Aldrich will lay before 1t a letter from Comptroller Ridgely bearing on the subject matter of the Tillman resolu- tion. The latter spoke at length of the Walsh failure, and commends the acts of the clearing house banks in assuming the liabilities of these failed banks and preventing a threatened pan ic in Chicago securities. The comp troller said he had no Knowledge as to whether the acts of Walsh were crlm- inal, but that this subject now Is be- ing investigated by the department of Justice. The letter Ignores that part of the resolution which directs an inqui- ry Into the subjects of whether the na- tional banks have contributed to polit- ical campaign committees. A copy of the letter was furnished to Senator Tillman and from this he assumed that the committee would report his res olution adversely.