New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-21
NOW TO SUBCOMMITTEE
p,yK INQUIRY STAGE.
=. fiction on assembly Resolution
by Senate FinGnciers.
n. Telegraph 20 The TT1hune.l

r-eb s0-Although the oeiate ii'o''No
AioaN. considered the information winch
COMM higgins furnished relating to the XII
0o''' ,-,es to-day. no action was taken to"a'u
pui" -, tbe Assembly resolution Gaining io'
s0'"..,gation Of the State BANKING Depart
81 u ..oe-ently no such action VIII be takeh'
mem ,bore is a prospect that after the meet
siio-e -, cor,rnittee next week the resolution
na =. mi before the Senate
VII letting to-day only resulted In con-
'"' - the delay which has marked the de-
"N'' r. an investigation since the Assembly
nsnu - ,,aeks ago The Finance Commit
fcuOH ..os a subcommittee. consisting OF
i@ mas Stevens and Grady, who are 10
ssHo- .,a,e the views Of the committee on the
l-.,,o,, from. the Governor and report next
week -. ,,,o-,,bars Of the
-, Tho earnestly desire the favorable
ctr, -a.,nr of The Assembly resolution and Wig
Y.s arriving out Of its provisions the senu-
=. ~ the majority appears OVERWHELMINGLY
,be favorable reporting Of the resolution
-o,srary- believed that when the resolution
rs - ~ the Senate as a whole the effort
.h.s,D an investigation VIII he voted down.
s.,.,or Aids. according 10 HIS promise. gave
-. .bs committee the documents relating to the
A.rgss against Superintendent KilbuIn IN the
80 !. The German Bank Of Buffalo and the
,,,-cbsnts' Trust Company Of New-hork. Ine
-s,-v ~ these documents took about three
to,rs They contained little which has not al
...sv been made public except letters 10 the
,c,,srnor from a number Of Buffalo citizens who
,ormended the course pursued by Superintend-
~, Kiburn as to the German Rank.
NJ attention was paid 10 the Assembly reso-
,rtiop or its provisions. The committee. after
discussing the documents for about an hour.
unanimously passed resolution for the sub
committee II was 70 consist Of Senators Raines'
stevens and Grady Senator Raines suggested
N his place Senator Aids.
The chief obstacle 10 the investigation IS the
dread uhich some ~ the Senators have Of an
,rvestigsticn ~ specific institutions. Fhey fear,
,bev say that If II became known that banks
orcsls we're n be examined. there would he a
WIN nm that hank which might result disas-
,rovsly for half dozen others. Behind these
reasons however are the personal reasons Of
soms poIiticians who have headed the opposition.
II the opponents Of an investigation can have
,her wav. there VIII he no inquiry and they
think now that they have with them, for various
reasons. a majority Of the Senate.
The argument VIII he advanced that the Gov
emor. in passing so curtly on the Kilburn
charges IN the two cases. obliterated any grounds
on which an inquiry might he ordered. THE
Governor has said K;lburn was not guilty" the
opponents ~ an Inquiry saying, ''and we
are forced 70 say that we agree with him. on the
Information which he has presented 70 us. These
are the only charges which have ever been pre-
ferred against Kilburn. How can we report the
AsseInbly's resolution for an inquiry when we
have no charges against the department."
The evasion. however, even If the Senate agrees
with the Finance Committee IS not likely 10
stave Of the inquiry permanently. In the As
semhly the minority is planning 10 take IL up
as a political issue for campaign material, and
some of the Senator's especially Senator Stevens.
firm in their belief that the safety Of tbs
Republican party depends on a thorough Yenti-
lation Of the conditions existing in the Banking
Department