Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-10
SENT TO FINANCE COMMITTEE
RESOLUTIONS REQUIRING IN
CURRY INTO BOND ISSUE.

Senator Culberson's resolution providing
for an inquiry by the Senate committee
on finance into the recent issue OF bonds
by the government was today considered
by the Senate, and was sent to the
finance committee upon statement by
Mr. Aldrict that that committee would
meet in few days and report a resolu-
ton covering the entire subject.
Mr.. Culberson said IL he could be as
sured that the resolution for an inquiry
would cover the information called for
by him he would be satisfied to have that
course pursued
Senator Clay's resolution calling for in
formation concerning the deposit of
money in national banks also was laid
before the Senate Mr.. Clay said that
up to the present time S2JO.OOO.0OO had
tional banks. and most of it had been on
deposit during the present year.
II do not believe" he said. that we
can justify the placing of such money in
by the issue of bonds. That system
should be investigated and condemned
Mr.. Clay then agreed to have his reso-
luton go to the committee on finance.
Senator Tillmans resolutions. intro
duced yesterday. directing the committee
on finance to make Investigations con-
cerning the recent bond issues, and also
relative to clearing house certificates,
were placed before the Senate. Mr.. Till
man said in view of what had been done
with the other resolutions on the same
subject he would not discuss his resolu-
tions at this time, but said he would like
to have them lie on the table until he
could secure information he was endeav-
oring to get
His request was agreed to.
Agreement in Committee.
The fact that an agreement to refer the
Culberson and Clay resolutions to the
finance committee and to postpone the
consideration of the Tillman resolutions
was reached so easily in the Senate was
traceable to the brief meeting of the
finance committee which was held just be-
fore the beginning of the session of the
Senate. An understanding was arrived al
in that committee for the disposition that
was made of the resolution.
Mr.. Aldrich then promised to have
the matter taken up at a meeting of
the committee to be held Thursday
when. he said, he would be willing to
have adopted a resolution calling upon
the Secretary of the Treasury for all
the information asked for by the reso-
luton.
Senator Culberson has from the first
preferred to have the information which
his resolution calls for before begin
ming the financial discussion in the
Senate. and 1t is understood that Sen
ator Tillman is desirous of accumu-
lating more material before addressing
the Senate on the subject. He is work
ing very hard, and when he was asked
today what he was doing he replied
that he was getting up pile of
rocks to throw.
Clearing House Certificates.
When Senator Tillman discusses his
resolutions calling for an inquiry by the
committee on finance concerning the legal
ity of the issue of clearing house certifi-
Gates in various cities of the country, he
will be prepared to exhibit some of these
certificates to the Senate. He was today
engaged in securing certificates in order
that he may be able to give an object les
son to the Senate of what he claims has
been circulated as money throughout the
United States since the present financial
stringency set in.
Down in my country he said today
''greenbacks have disappeared. 1t is all
white money down there