Waterbury evening Democrat., 1907-12-19

Refuse Either Action or Investisa-s
 tion," Minority Leader Says.
 . Washington. Dec. 19.-"I have not been one of those who have questioned publicly any statement made by the president. It was not necessary. He always admitted enough to provoke my intense opposition and to make me believe that his election to the presi- dency and his continuance ill that Of- flee is a menace to the public interests of the country.
 In those words Senator CulbersOn, the Democratic minority leader, de- clared that President Roosevelt con stitutes at all times a grave danger to the national welfare. Mir. Culberson was speaking to his resolution direct. ing the finance committee to investi- gate the monetary situation and sug- gest plan to relieve it and prevent recurrence.
 The Money Panic.
 "Existing conditions" said MT. Gull person. "are unprecedented in our his tory. The present financial calamity came upon us in the night-without warning and without industrial, com mercial or economic reasons. The country is prosperous business is pro- gressing satisfactorily. labor is satis- fled, good wages are being paid and no cloud is in sight. Suddenly. in moment, the large banks stopped cash payments. and there was a dearth everywhere of circulating medium. It is of vital importance that the reasons and remedy should be ascertained."
 Among the reasons assigned for the panic, Mir. Culberson said, was con- spiracy on the part of those who op- posed recent congressional legislation and the movement passed beyond their control. It was said also to be due to the machinations of stock gamblers, who would cripple trade and com merce in the interior in order that the money there might be forced back to the east for speculative purposes.
 criticises Republicans.
 Mir. Culberson said it is now self evident that there will be no action by the finance committee from Dec. 20 to Jan. looking to an entertainment of the causes of the panic or remedy. He read President Roosevelt's letter to Secretary CortelyOu on Nov. 16. in which the president said assurances had been given him that leaders ill congress are considering a currency bill which will permanently meet the needs of the situation. MT. Culberson asked if there had been a change in the administrations attitude or if the leaders have decided on another course. The statements of President Roosevelt had not always, he said been read with the enthusiasm given some of his illustrious predecessors like George Washington.
 f Although the country is in the throes of panics caused by the money , power. although the treasury has beer stripped of its cash, the majority si here and refuse either action or inves tigation. I want the American people to know that there are some men ir this chamber who believe immediate action is necessary"
 . AIdrieh Explains.
 Mir. Culberson announced that ht , would demand a quorum and have 2 . roll call on the motion to refer his res olution to the finance committee. 4 t. quorum was obtained and then Sena , tor Aldrich said that the finance com ' mittee is now engaged in an inquir! . into the operations of the treasury. it' 3 relations to the banks and all othe
 phases of the situation and will soor { be able to make a full report and sug - gest legislation which will be helpful n in future emergencies. He remarked s that history has shown that panics oc [ cur in all countries without apparen 9 cause. If, he added. the committe,
 should now stop it's inquiry and tak'
 up a new resolution 1t will be to aban don the substance and follow the shad
 ow.
 r We want the facts first regardin,
 the operations of the treasury ant
 those of the banks" said NIT. Aldrich Il "The panic did not occur as a resul C of legislation or because of it's omis 2 sion. Legislation will not prevent sim V liar disturbances in the future. prom ise that bill will be reported at al ': early date which may ameliOrate con 7, ditions and make panics less likely f n occur
 .t Mfr. Aldrich said his committee vii l. submit a report on the pending in
 quiry when congress reassembles ol Jan. 6.
 |, Mir Culberson's resolution was thel e referred to the finance committee by $ viva voce vote. Mir. CuIberson fsilinI l. to get formal roll call by which sens Is tors would be placed on record.
 Jews Ordered Out Of VIsdiVostok. ,< St Petersburg. Dec. 19.-A dispatc ,t received here from NladivoStOk ga! e that the Jews have been ordered 3. depart within four days. Jewish pro- n eTiy holders. however. have eightee r. days in which to liquidate.