Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-12-17
SENATE HEARS
T|LLMAN ON
FINANCE
DECLARES ROOSEVELT
NOT TO BLAME FOR PANIC
Dramatically Waving a Clear
ing House Certificate South
Carolina Senator Makes Plea
for Issue of 6reenbaCkS,

By Morning journal Npeciui i.eased Nhe'
Washington. u. c.. Dec. l6.-lr
the course Of speech in the senate
today. Senator Tillman commented
characteristically on financial affairs
He said he believed that Roosevelt
was patriot and that while guilty
Of many indiscretions and said many
things which in cooler moments he
would have been willing 10 take Out
Of print. he did not believe the prcsi-
dent felt any satisfaction whatever IN
being instrumental in the present fin
ancial paralysis as had been charged
IF we are not in the midst of 9
panic we are I'm the midst of chil
produced by danger of a panic de-
clared Mr. Tillman.
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 II he
was responsible for the panic he was
glad of II, as il had brought to view
the rotten conditions Of the countrys
finance. he said
Il fear that Mr.. Dahlman IS In inn
minent danger of joining the Anan-
las club. Perhaps somebody here VIII
use the telephone and find out about
that"
He spoke Of the manner in which
the financial stringency has operated.
And" he added the president says
he Is proud Of Il. AT least Dahlman
says the president says he is proud OF
It. / can not believe he said It. lie
has said many things lacking disere-
tion. but do not believe he is so cal
lous as to feel any pleasure in the
condition OF paralysis which confronls
us / believe he is patriot though
he has perhaps shown II badly at
times
The senator held aloft a clearing
house certificate and loudly called
upon the senate to look at IT,
Here is a specimen, he declared.
Looks like what YOU call confederate
money-shin plastet--and yet they
are issued by national banks Look at
II. | am going 20 have IL engraved
if It can be done without destroying IT,
and put II In the congressional record.
But | don't propose 20 have II de-
stroyed and lose a dollar just To- en-
tighten you ON currency.
He wanted only good greenbacks
and in rasping tones, speaking of the
necessity OF money said.
You viii have to go 10 the bone
yard If you can't get it."
The comptrollers OF the currency,
he said. are so complaisant ana po-
lite while they are In office. that al
most every one Of them has graduated
into the presidency of a bank" He
named Mr.. Dawes as one Of them and
tried to think of others.
who WAS that democrat?' he
asked. and when some one mentioned
Mr.. Eckels said that he. too, had at
a Gs.s.
The officials about the president" "
he said. "go out to join the kings OF
finance The president turns on the
light. Why doesn't he turn on the
handouts when he finds some Jody
stealing? He goes to the country and
makes the speeches and destroys the
confidence OF the people. but we won [
find him putting anybody In prison
He referred to a resolution he had
introduced In the senate year ago
for an investigation into the failure
Of the banks OF which John X.
Walsh. of Chicago. was the president
but year and a hall had gone by
before the trial. A. Walsh was on
trial he said he would not comment
further on the subject. lie had on
Saturday telegraphed the district at
torney In New York asking about re-
cent bank failures. but that Official
replied that he could not give out in
formation regarding the Investigation
being made.
II expected 10 be put Off declared
the speaker THAT seems 20 be the
policy OF the department Of Justice
and the treasury department"
Mr. Tillman said hc only intended
10 bring these matters before the COM
mlttee on finance as questions for
them 70 answer When they should
answer them. he said. he would ask
more questions.