The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-18
CONGRESS- WEAK
IN BOTH HOUSES
Small Chance for intelligent
Remedy for Alleged Short
age of Currency.
ALDRICH GUIDES SENATE
WALL STREET DIRECTS RHODE
ISLAND SENATOR.
ALDRICH GUIDES SENATE
lspecial to The Herald.O

Washington, Nov. 1.-THE financial
disturbance in New York and the fur
ry in other parts OF the country will
result in considerable discussion OF
finance at the coming session of con-
gress and will produce unusually large
numbers of bills to amend the banking
laws. The subject will be discussed
by the president in his message, and
the Congressional Record will be
loaded with all kinds Of talk as to the
ACCESSIBILITY of changing the currency
laws of the nation. But the more con-
sentative men who have viewed the
situation in it's broadcast light believe
there viii be no financial legislation
and in their judgment the talk Will
come to nothing.
If these views prove to be incorrect
and financial legislation is undertaken
ii will be most unfortunate for the
country, because the legislation will
be intrusted to two committees which
are not properly constituted to handle
a subject of this Importance. The
senate committee is largely composed
of men who are incapable of framing
safe financial legislation or who would
take advantage of the situation to put
through legislation in the interest of
Wall street rather than in the interest
VI llt tlililt NOultiN ne 1OuSG COM
mittee is made up almost entirely of
men who are incapable of passing judg-
ment upon a subject of such cOnse-
quence.
Personnel of Committees.
The senate committee of finance is
constituted as follows:
Republicans-Nelso w. Aldrich of
Rhode Island, William B. Allison of
Iowa, julius c. Burrows of Michigan.
Thomas G. Plat of New York, Henry
c. Hansbrough of North Dakota, Boies
Penrose OF Pennsylvania, Eugene Hale
of Main.
DemOcrats-JOhn w. Daniel. Vir-
ginia; fernando D. Money, Mississip-
pt; Joseph w. Bailey. Texas: James P.
TaliaferrO, Florida
The house committee is composed OF
the following members:
Republicans-Charles N Fowler. New
Jersey; George w. Prince, Illinois
William A. Calderhead, Kansas; Lew
ellyn Powers. Maine; Henry McMor-
ran, Michigan; CapOl L.WeemS, Ohio.
George d. MCCreary, PENNSYLVANIA
Joseph r. Knowland, California;
George E. Waldo. New York; Everis
A. Hayes, California; John w. Weeks.
Massachusetts,
Democrats-Elijah B. Lewis, Georgia;
Areene p. PujO, Louisiana: Carter
Glass, Virginia; Oscar w. Gfllispie,
Texas; Ollie w. James. Kentucky;
George S. Legare, South Carolina.
Wall Streets Representative.
Senator Aldrich, chairman of the
finance committee, is not a man in
whom the general public has conf
dence- He is related by marriage to
II. II. Rogers and has always been re-
garded as Wall streets most influential
representative in the senate. therefore
any legislation which Aidrich proposes
will be carefully scrutinized before it
is accepted by the public. There would
be strong suspicion that Mr.. Aldrich
would attempt legislation i'm the in
terest of Wall street rather than in
the interest of the country
Senator Allison, the next ranking
member of the committee. is the most
solid man on the senate committee. Al
hson IN his long public career has
earned the confidence as we'll as the
respect of the entire country, and his
judgment on financial matters would
be perfectly sound. Allison, however
is very old man and is not in robust
health, and it is doubtful if he will be
able TO take an active part in framing
any financial measures.
Senator Hale of Maine, the last man
on the committee, is one of the ablest
men in the senate, and would proba bIv
do more than any other to bring about
safe legislation. He is a man of sound
business principles. Hale does not lin
ger under the suspicion which over
shadows the chairman, and he is not
always dominated by him, although II
often happens that Hale and Aldricb
work together in carrying out a def
mite program laid down by the senate
committee.
Small Fry Senators.
Senator Burrows. Senator Hans
brough and Senator Penrose are NOT
men of large caliber nor are thew men
perfectly conversant with financial
conditions. They are of a TYNE IN
whom the country is not willing TO in
trust the shaping of any financial leg
islatiOn. PenrOse is a man of very
small caliber and shines only at times
when corrupt politics is being plaved.
The other remaining Republican
member Of the committee. Senator
Platt, is too weak to take any part IN
the work of the committee. and has for
some years been inactive in the discus
sions of the senate. Plat is too well
known to need further comment. A
Plat financial bill would have no
standing.
The Democratic members of the