The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1906-01-26

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tbsf. b. an siismri 10 fusiiig ihs Hs5.
ffiaffH 0IufHr Ih. maIttf Nll o. raf'
ied info thf Senate
HTVrfV UoruHlUln memhff ~ the
committee rln. .|HUa with senator hai.
Ist fhsf ihis lnIn0 ial hHfteWsnt ttntH-
mount t0 "a treaty With ine republic
~ panamn. W.a snfHfsd Iufo without
any warrant m law
There haa been no more Important
political step IN recent ycam in Was'
ington than that decided upon by lead
NIX members of the senate. without
regard 10 partv with reference - the
propensity OF President Roosevelt 10
act on.his own responsibility without
reference to Congress. o. has been
definitely decided that Mr. Roosevelt
shall be curbed. ana effectually curbed.
whether this Is 10 be peaceful proc
ess viii rest entirely with the Pres
ident
"The Senate Is going 90 Investigate
every act OF the President that II COM
siders unconstitutional or as invading
It's prerogatives. and as the first step
II proposes 10 inquire. at great length
and with much formality, into the ac-
tion of Secretary raft, under instruc-
tions from the President. In making the
now famous agreement TO maintain the
parity of the silver coinage of the re-
public Of Panama with the money OF
the United States
mir. Roosevelt knows OF this inten-
Al. ss ..rgsh MT fra
equanimity
MIR. ROOSEVELT WARNED.
"The first sign of this rebellion Of the
Senate was shown when Senator Kit
tredge told Mr.. Roosevelt three weeks
ago that he had better prepare for the
fullest sort OF an investigation or his
acts in connection with the Panama
canal. The next sign came yesterday
when the Senate, without dissenting
vote, adopted a resolution introduced
by Senator Bailey of Texas, directing
the Finance Committee to inquire into
the circumstances of the agreement for
the maintenance of the parity of the
silver money of Panama.
Some of the most prominent mem
bers of the Finance Committee have
expressed the opinion that, in making
this agreement, President Roosevelt
and Secretary Taft had, in an entire
ly Illegal and unconstitutional way,
made treaty between the United
States and Panama. They had acted,
one Senator said, as If the republic of
Panama We're one of the colonial pos
sessions of the United States.
"The agreement, which the Senate
holds is a treaty, was made between
the Canal Commission, acting through
Secretary Taft the republic of Pana-
ma, acting through William Nelson
Cromwell, its fiscal agent, and these
bankers: Ehrman & Co.. Isaac Bra
den & Bros, the International Bank
ing Corporation and the American
Trade Development Company. 1t was
entered into by Secretary Taft in
Washington, on June 20, 1904, and con-
firmed and promulgated In Panama on
December 8. 1904.
Under the agreement the silver coin
age OF Panama was to be recognized
each dollar of United States curren-
Cy. EXcnanRe dt HdnaInd WAS at tne
rate OF two pesos and one cent for each
American dollar. American money
was to be exchanged for Panama
money at the rate of three-fourths
per cent, and exchange on New York
was to be sold at rates not to exceed
three cents"
THE ALAMEDA COUNTY DYNASTY
President Roosevelt would not be
likely to sacrifice the judiciary to any
question of political expediency, or To
the preservation of his own political
fortunes-but the President is a good
politician, and II he can make friends
of the California Senators and at the
same time do the judiciary no harm.
he would be something more than hu-
man If he failed in the effort at least
to make the Senatorial friends. The
Californians from Alameda county are
politicians, too, and as has been said
before will stand together to win any
fight for any man whom they count as
friend. George Hatton is Judge Rob
insons friend, and 20 is Victor Met
calf, and so is Senator George c. Per-
kins.