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

A characteristic speech was on
Monday delivered in the senate by
Senator lillman. Mr.. Tillman snok..
on his resolution directing ali i'll
ve>siea.ion Of the recent bond issues
snl clearing house certificates, but
&c took occasion to comment on a
good many matters concerning :.,,;a
tinane'al affairs Of the country. II
mGat confess [ have not studied fin
aa"e very much from the books.'' be-
gan Mr.. Tillman apoiogetically. "My
own. labors in that direction having
been confined to my own expenses"
Z Mr.. Tilman said he did not know
wht;her 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 secrc-
tary had violated the spirit of the
law if he had not violated the law it.
self.
eff we are not in the midst of q
panic, we are in the midst Of chill
produced by the danger Of a panic,n
declared Mr.. Tilman.
The treasury, he said, has "dump-
ed' its money in Wall street and the
country has praised the patriotism of
). +. Morgan Gin aiding the coun-
try to get grip OH itself and not
let everybody go crazy and prccipi-
tate Further loss aid horrors on the
country"
Spcakin" 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
acountry's finances, he said:
81 fear that Mr.. Dahlman is in.
imminent danger Of joining the An
anias Club. Perhaps somebody here
Will Use the 'phone and find out
about that.'
Hc said that he would no worry
about the panic, but he found SO
many facts connecting the treasury
department, even the senate and tae
house Of representatives with Wall
street that he was compelled to rec
o@nizc them, especially as the far
mer. the cotton planter and the man-
ufaciurrr were affected. Tie said he
wanted to know who struck "HilIy
PattcrSon.'
lie spoke of the manner i'm which
the financial stringency has operai-
ed.
"And' he added, "thc president
says he is proud Of il. I cannot be-
lievc he said il. He has aid many
things lacking" discretion, but I do
-nol believe he is SO caIlouS as to feel
any pleasure in the condition OF par
, alysis which confronts us. believe
We is a patriot, though he has per-
ah:Ws shown it badly at times.'
SRiMcules Clearing House Certificates
q Tine senator held aloof banking
SShousel certificate and in loud voice
Eealled upon the senate to look at it.
81 Here Is il specimcn,' lie declared.
||sN' 1t looks like what you call Confcl-
S4rate money--shinplastc and they
..ySare issued by national banks. Look
Tat il. | am going to have il engraved
!. if it can be done without destroying
!. 1T and put ii in the Congressional
lENscord. But don't propose to have
"a Nestroyed and lose a dollar just
ga t.Nlightcn you upon the currency
So AualXon.'
lie \wanted only good greenbacks
zzaza in Aasping tones, speaking of the
s sessity Aof money, he said:
|RlsSSE RE You Will have to go to the bone
|RIIiSl if .yo,A can't get it"
ssAs betwc cr the "shinplasters" in
kthe form Of Clearing House certif-
bates and grecnbacks he said he would
&,rcfcr grccnbacks based on railroad |
nd other stocks and bonds, although
they were, in his opinion, filled with
Mter.
@I He was, lie said, daily in receipt
70 letters from people who think |
E know all about the currency and |
n Ae schemes for currency reform.
E554f1{s R,j lon't o,nn rnnI iboo - H., |