Daily press. [volume] (Newport News, Va.) 1896-current, 1907-12-11
BONDS moi NEEDED, GENERAL DEL|Ef
Senators TiIlmon, Clay and culber.
aon Agree Ne, to Press Their Res
buttons on the Subject .us, al,
Present South Carolina Man No,
saying Much Blu, PhahtOrk lie Out,
(special u the Daily prcss.,

WASHINGTON. ID. c.. Dec. 10 -
Senator Aldrich today informed the
Senate that ,;hc Committee on FL
nance would within II very short time
bring In resolution providing for
an inquiry into the recent bond issues
Of the government. and that II would
provide for an investigation into All
matters contained In resolutions Offer
cd by Senators concerning the flnan-
cial sringency and the efforts OF shc
government TO relieve the situation.
With this assurance Senator Cul-
berson OF Texas and Clay of Gcor-
Ella, agreed to permit their resolution
10 so 10 the committee for its con-
sideration. Senator Tilman allowed
his resolution on the same subject
10 lie on HE table until he desires to
present them 10 tho Senate. The
Senate adjourned ut ] u. III. Mr..
Culberson's resolution directs the Sec
resaIy OF the Treasury to supply the
Senate wltlisccrtaip Information bear
Eng on .,he ijnAahial sifnat lon 81 !.
MI. Culberson said If lie could be
assured that the resolution for an
inquiry would cover the information
called for by him he would be sat
listed to have that course pursued.
Senator Gays resolution calls for
information concerning the dcposi,
Of money in national banks.
Mr.. Clay said that up To The pres.
ent time S250.000000 had been de-
posted By the government In ma
t;onal banks and most of II had been
on deposit during the present year
II do not believe" he said In the
Senate today. that We can justify
the placing of such money In banks
and then call for moro money by The
issue OF bonds. That system shouln
BE- investigated aud condemned"
He then agreed 10 have ,he reso-
lution so TO the committee OH IL
nance.
Tiilman Wants information.
Senator Tiliman's resolutions wore
introduced yesterday directing the
committee on finance 10 mike inves-
legations concerning the rccen, bono
issues and also relative 10 clearing
house certificates. Mr.. TIlman
said today that III view OF what han
beer done with tho other resolutions
on the same subject. he would nor
discuss his resolutions ut this timc.
but said he would l!ke 10 have them
lie on the table uutil he could Sc
cure Information he wished 10 get.
The fact that an agreement to refer
the Culberson and Clay resolutions
10 the inaacc committee ana 10
postpone The consideration OF the
Tillman resolutions was reached 80
easily in the Senate WAS traceablc
TO the brief meeting OF the finance
committee which was held jus; be-
fore the beginning of the session OF
the Senate. An understanding was
arrived AT in that committee for the
disposition that was made OF the
resolution.
Mr.. Aldrlch then promised to have
tho matter taken up at meeting OF
| the committee 10 be held on Thurs
day, when, ne said. he would be Will
ing to have adopted resolution
calling upon the Secretary of the
Treasury for all he information ask
Cd for By the resolutions.
senator Cuibcrson has from the
first preferred to have the informa-
ton which his resolution calls for
before beginning the financial discus
sion in the Senate and 1t Is under.
s.ood that Senator Tillman is de.
slrous OF accommodating more material
before addressing the Senate on the
subject. He is working very hard.
and when he was asked today VIA,
he wos doing he replied that he was