The free lance. (Fredericksburg, Va.) 1885-1926, 1907-12-12
T|LLMAH JEALOUS
Nants investigation Of COrtel-
you's Relief Steps.
PRESENTS TWO RESOLUTIONS

Senator Demands mar LeS""V "
Treasury Operations During Money
crlsIs Be Investisated-Are Cert'fl'
Gates Legal?
Washington. Dec. 1O.-senator TIL
man introduced two resolutions car
ING on the senate finance committee
to investigate and report on tne It.
qalitv of the action OF Secretary Cor
telyou in the steps which he took re-
Gently for the relief Of the money
market.
In his resolutions Mt. Tillman asks
that the finance committee be IN
structed to make an investigation ana
report tc the senate.
The fist one was as follows:
Resolved. That the committee on
finance be instructed to inVesVsa'e
and report 10 the senate
whether the Issue OF the cer'ih'
Gates of Indebtedness bearing per
cent. interest. bids for which were IN
ylted by the secretary OF the treasury
ON November IS. 1907, were for the
nurpose NJ borrowing money to meet
nublic expenses" as provided by sec
ton 80 OK the act approved June Id
1893 and II not whether there Is any
warrant of law for the issue OF saiu
certificates. n
? whether the issue OF fifty mil
lions bonds OF Panama canal loan
hids for which were called for by th'
secretarv Of the. treasury on Noyem
her IS 1907, was required to "deiraA
the eyponses" on said sanal, there De
ing at the time when both oi thes'
ioons were made upward OF s2OO,OOO'
600 in the treasury for current eXpen
ditures.
2 Whether there is any Legislation
necessary to protect the people AM
business Interests OF the country iron
the issue Of unlawful money, If clear
ing house certificates are such. and {
nrevent the Illegal increase OF IN
nubllc debt in time of peace. m
The second one foll2xe-s-
e Resolved; a,;,srxGl1lSs the commltte'
; ~ - - instructed to invest
keel, and report to the senate as 500
ano practicable
''er' 1. Whether clearing house &C
Gates. with which the country Is
flooded. have been issued under
thority OF law or contrary to
same.
.tion 2. Whether the issuing OF such
nent tihcates by an association OF ba
iund both state and national, and the
Ion- of the same as money subjects
"as certificates or notes to the tax
tbs per centum as provided.
ior 3. Whether 1t would be pe-mis
under the law as it is for an ass
Int ton OF Lanks, warehouses and e
or tors to issue certificates based on
ed. ton. wheat and tobacco stored In
26 warehouses and elevators and
2S insured 70 be used as money In
= o. keting said crops In the same wa
: o. clearing house certificates are
! IA used.
/ AZ Senator Tillman asked that VI
; 43 nous consent be given to MN 10
rs dress tho senate on his resolution
Ga Mr. Lodge (Rep.. Mass) sugge
50 that in the absence OF Mr. Ala
70 chairman of the committee on nna
or the resolutions should go over.
90 90 THAT is satisfactory to me,
Al Mr.. Tillnan.
III The resolution of Senator Gu
} 40 son, of Texas, relating TO the issu'
II the secretary of the treasury OF
62 ANA bonds and per cent. trea
90 certificates, and the resolution OF
90 90 ator Clay. of Georgia, concerning
0e deposits of public funds In natl
as banks, came up in order, but at
, 81 suggestion Of Senator Allison, OF Il
3S they were allowed to go over
| 80 Senator Aldrich, the chairman OF
81 finance committee, shall be presen