Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1907-12-17
TILlMAN TALKS FINANCE.
Senior Senator lndulsed In Warm Talk
Yesterday.


Senior Senator INDUCED In Warm Talk
Yesterday.
A speech by Senator Tillman, filled
with denunciation Of the president, the
secretary Of the treasury and the de-
partment OF justice. of financiers and
captains OF industry" was the chief
subject OF interest in the senate yes
terday. His remarks were based on
his resolutions directing an investiga-
ton by the committee on finance OF
the recent bond issues by the treasury
department and Of the issuance OF
clearinghouse certificates throughout
the country.
Il must confess l have not studied
! finance very much from the books"
began Mr.. Tillman apologetically, my
own labors in that direction having
been confined to my own expenses"
Mr.. Tillman said he did not know
whether the criticism Of the chairman
of the house eU8mmittee on banking and
currency (Mr. Fowler) had caused the
secretary of the treasury to halt in the
issuance of bonds, but change Of
| plan seemed to have been made and he
had not been able to learn how much
of the proposed bond issue had been
put out. He expressed the opinion that
the secretary had violated the spirit Of
the law II he had not violated the law
itself
IF we are not in the midst of pam
| ic, we are In the midst Of chill pro-
duced by the danger of a panic" de-
clared Mr.. Tillman.
THE treasury" he said, has dumped
its money in Wall street, and the coun-
| try has praised the patriotism OF j.
Pierpont Morgan in aiding the country
to get a grip on itself and not let ev-
erybody go crazy and precipitate fur-
| ther loss and horrors on the country
Speaking Of a published interview
with the president by Mayor Dahlman
of Omaha, in which the president is
alleged to have said that II he was
responsible for the panic he was glad
Of 1t as 1t had brought to view the rot
ton conditions of the country's finances,
he said:
Il fear that Mr.. Dahlman Is in immi-
| nent danger of joining the Ananias
club. Perhaps somebody here will use
the telephone and find out about that"
He said that he would not worry
about the panic, but he found so many
facts connecting the treasury depart
ment, even the senate and the house
of representatives with Wall street
that he was Obliged to recognize them,
especially as the farmer, the cotton
planter and the manufacturer were
affected. He said he wanted to know
who struck BILLY Patterson"
He spoke of the manner In which
the financial stringency was operated.
And" he added, "the president says
he Is proud of 1t. He has said many
things lacking discretion, but do not
believe he Is so callous as to feel any
pleasure in the condition OF paralysis
which confronts us. 1 believe he Is
patriot, though he has perhaps SHOWN
1t badly at times"
The senator held aloft a banking
house certificate, and in a loud voice
called upon the senate to look at 1t.
| Here is a specimen" he declared.
Looks like what you call Confederate
money-shin plaster-and yet they are
issued by national banks. Look at 1t.
/ I am going to have 1t engraved II II
can be done without destroying 1t and
put 1t in the Congressional Record.
But 1 don't propose to have 1t destroy
ed and lose a dollar just to enlighten
you on the currency
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 if you can't get it."
AS between the "shin plasters,' In
the form Of clearing house certificates
and greenbacks, he said he would pre-
| fer greenbacks based on railroad and
other stocks and bonds, although they
were, in his opinion, filled with water.
"He was" he said, daily in receipt
of letters from the people who think
they know all about the currency and
have schemes for currency reform.
| r
at has been alleged" he said, that
the bonds recently Issued had not been
sold to the highest bidders and he had
read a newspaper copy Of a letter by
Mr. Schram, Of New York, saying he
had bid $103.1-2 on $4,000 " the
bonds, but had not rec eivcd any or
them, although they had been sold as
low as $102. 1.-THE COMMITTEES on n
nance" he added, could find out
whether that Is true" =,
"The comptrollers Of the currency.
he said, "are so complacent and polite
while they are In office that almost
every one Of them has graduated into
the presidency Of bank >,
'The officials about tn, president, "
he said, "go out to join the kings OF
finance. The president turns on the
light. Why don't he turn on the
handouts when he finds somebody
stealing? He goes to the country and
makes speeches and destroys the con.
| fdence Of the people, but we do not
find him putting anybody in prison
He referred to a resolution he had
introduced in the senate a year. ago
for an inquiry into the failure OF the
bank Of which John R. Walsh, Of Chi
cago, was the president, but a year
and a half had gone by before the trial
was begun. "As Walsh was under
trial" he said, "he would not COM
ment further on that subject. He had
on Saturday telegraphed the district
attorney in New York. asking about
recent bank failures. but that official
had replied that he could not give out
the information regarding the investi-
CATION that Is being made.
"I expected to be put off," declared
the senator. "That seems to he the
policy of the department Of justice
and the treasury department"
Mr.. Tillman said he only intended
to bring these matters before the COM
mittee on finance as questions for 1t to