Daily press. [volume] (Newport News, Va.) 1896-current, 1907-12-17
.PITCHFORK STICKING
INTO BOND ISSUE
Senator TII|man Delivers Characl-
srIstlc Speech 10 Senate on
Financial Question
WANTS THE HANDOUTS TURNED ON
Believes That Roosevelt Has Turned
on Enough Light and That 1t is
Now Time to Do somethIns-oues-
tlono Awarding of New Ronda-can't
Get Inflammation.
(By Associated Press,


WASHINGTON, ID. e., Dec. 1G.-
a characteristic speech was today de-
livercd In the Senate by Senator Till
man.
Mr.. Tillman spoke on HIS resolution
directing an investigation of the re-
cent bond Issues and clearing houses
certificates, but he took occasion to
comment on n good many matters
concerning the financial affairs OF tho
country.
II must confess have not studied
finance very much from the books" BE.
gan Mr.. Tillman. alphabetically" my
own labors In that direction. having
lcen confined to my own experiences.
Mr.. Tillman said he did not know
whether the criticism OF the chair
man of the House Committee on
banking and currency (Mr. Fowler)
had causesd the Secretary of the
Treasury TO halt In the issuance OF
bonds. but change OF plans seemed
to have been, made. and sshe had
not been able To learn how much N
the proposed bond Issue had been nut
out. He expressed the opinion that
the Secretary of the Treasury Ind
violated the spirit of the law II he
IF We are not In the midst of n
panic we are in the midst OF n chill
produced by the danger of panic"
declared Mr.. Tillman.
The Treasury, he said, dumped"
Its money in Wall Street. and the
country has praised the patriotism of
j. Plerpont Morgan, Sin aiding the
country to get grip on itself and not
Lot EVnrVhn1x.
tate further loss and horrors on the
country"
Speaking of published interview
with the President by Mayor Dahlgren
OF Omaha, in which the President Is
alleged to have said that II he WINS
responsible for the panic he was glad
of 1t. as 1t brought to view the rotten
condition of the country's finances.
he said. 81 fear that Mr.. Dahlgren -
Immediate danger of joining the
Ananias club. Perhaps somebody Will
use the telephone and find out about
that"
He said that he would not worry
about the panic, but he found so many
faults connecting the Treasury De-
partment, even the Senate and House
OF Representatives. with Wall Street
that ne was Obliged to recognize them
especially as the farmer, the cotton
planter and manufacturer were affect
ed. He said he wanted to know "who
struck Billy Patterson" he smoke
OF the manner in which the financial
stringency has operated.
Kind Word for Roosevelt
and he added. 1.-The President
says he Is proud OF it. At least Dahl
gren says the President says ne is
proud OF 1t. cannot believe he said
1t. He has said many things lacking
discretion. but do not believe he is
so callous as to see any pleasure In
the conditions of paralysis which con-
fronts us. believe he Is n patriot.
though he has perhaps shown 1t badly
| at times"
The Senator held aloft n banking
houses certificate and in a loud voice
called upon the Senate to look at IL.
Here Is a Sherman" he declared.
looks like what you call Confederate
money-shin plaster-and yet they
are issued by national banks. LooI.
| at II. am going to have Il engraved
If 1t can be done without destroying
1t. and put 1t in the Congressional
Record. But | don't propose to have
1t destroyed and lose dollar just to
have you enlightened ON the cur
rency."
He wanted only good greenbacks.
and in rasping tones, speaking of the
necessity of money he said: "You
will have to go to the bone yard II
yon can't get It,"
AS between shinplasters In the
form of clearing housse certificates
and greentacks, he said he would pre-
Ter the greenbacks drawn on railroad
and other stocks although they were
in his opinion filled with water. He
was daily in receipt of letters from
people who think they know all abort
the currency and have schemes for
currency reform But I don't even
read them he said. at has been
alleged he said, that the bonds re-
Gently issued had not been sold to the
highest bidders" and he read news
paper copy of letter by Mr.. Sch
rambuschram. of New York, saving
he had hid S103h nm e5n nm 10 tha