The herald and news. [volume] (Newberry S.C.) 1903-1937, 1907-12-20
TILLMAN ON MONEY.
Roosevelt and Cortelyou Flayed-
Holds up Clearing House Bank
Certificates for Ridicule.

4 characteristic speech was on
M,ndav delivered in the senate by
Sela1or IiIlman. Mr.. Ti!lman spok''
IN his resolution directing az Ill
ve>;;ea.ion Of the rerent bond issues
aa.l clearing house certificates, but
ie tcc1z occasion TO comment on
gcod many matters conc ernlng ::;a
financial affairs Of the country. ~
must confess I have not studied tlr-
a,"e very much from the books, be-
gan Mr.. Tillman apologetically. MY
OWE. 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 committee on banking
and currency (Mr. Fowler) had caus-
ed the secretary of the treasury to
halt in the issuance Of bonds, but a
change Of plan seemed to nave been
made and he had not been able to
learn how much Of the proposed
bond issue had been put out. He ex-
pressed the opinion that the secre-
tary had violated the spirit of tne
law if he had not violated the law it.
self.
eff we are not in the midst of
panic, We are in the midst of a chill
produced by the danger Of panic,'
declared Mr.. Tillman.
The treasury, he said, has "dump-
ed" it's money in Wall street and the
country has praised the patriotism Of
J. P. Morgan Gin aiding the coun-
try to get a grip on itself and not
let everybody go crazy and preeipi-
tate further loss and horrors on the
country.'
Speaking Of a published interview
with the president by Mayor Dahl
man, Of Omaha, in which the presi-
dent is alleged to have said that if
he was responsible for the panic he
was glad of it, as it had brought to
view the rotten conditions Of the
country's finances, he said:
II fear tnat Mr.. Dahlman is in
imminent danger Of joining the An
anias Club. Perhaps somebody here
will use the 'phone and find Out
about that
He said that he would not worry
about the panic, but he found so
many facts connecting the treasury
' department, even the senate and the
/ house of representatives. with Wall
street that he was compelled to rec
osnize them, especially as the far
mer. the cotton planter and the man.
ufacturer were affected. He said he
wanted to know who struck "Dilly
Patterson
He spoke of the manner in which
the financial stringeucy has oparat-
ed.
"And.' he added, ''the president
says he is proud of it. I cannot be-
, lieve he said it. He has aid many
things lacking discretion, but [ do
mot believe he is so callous as to feel
any pleasure in the condition of par
l alysis which confron1s US. l believe
he is patriot, though he has per-
eps shown it badly at times
icules Clearing House Certificates
le senator held aloof banking
certificate, and in a loud voice
upon the senate to look at it.
is a specimen, ne declared.
IS like what you call Confe1-
pey-shinplaster- and they
by national banks. Look
going to have it engraved
be done without destroying
1t it in the Congressional
4 But I don't propose to have
it Dyed and lose dollar just
to : ghten you upon the currency
situaHon.''
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 "shinplasters" in
'xthe form Of Clearing House certif-
Gates, and greenbacks he said he would
prefer greenbaeks based on railroad
] 4Lo,. -toal-e and ho-dS althnnrh