The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-12-11
WILL INVESTIGATE
THAT BOND ISSUE
Chairman Of the Finance
Committee Promises
to Report.
MINORITY WILL
AWAIT REPORT
AIcssrs. culberson, Clay and Till
man Have Offered Resolutions
Indicating Disapproval of
Treasury Action Cons q
mittee to Recon-
mend Inquiry.
1 J. l. { r. S. }.

WASHINGTON. D. c., December 10.
senator Aldrlch to-day informed tho
Senate that-:he sCommittee on Financs
would. within very short time bring
III resolution providing for an in
curry into the recent bond issues OF
the government. and that 1t would pro-
vide for an investigation into all mat
ters contained In resolutions offered bv
senators. concerning the financial
stringency and the efforts of the goy-
ernment to help the situation.
with this assurance. Senator'S Cui-
borson. of Texas, and Clay OF Georgia.
agreed to permit their resolutions to
go to the committee for its considera-
ton. Il
Senator Tillman allowed his resolu-
tions on the subject to lie on the table
un'il he secures data he desires to pre-
sent to-. the Senate.
The Senate adjourned at 1:O5 P. NJ.
Mr.. sCulberson's resolution directs th4
Secretary of the Treasury to supply
the Senate with certain information
bearing on the financial situation. Mr..
Cnlberson said that If he could be as.
sured that the resolution OF inuuiry
would cover the information called 70,
by him he would be satisfied to have
that course pursued.
Clay Condemns Bond Issue.
Senator Clay's resolution calls for
information concerning the deposit OF
money in national banks Mr.. Clay
said that up to the present time $780,
oooOoo had been deposited BY the gov
efnment In national banks. and most
OF 1t had been on deposit during the
present year
do not believe" he said in tie
Senate to-day, that we can justify the
Placing of such money In banks and
linen calling for more money by thu
Issue of bonds. That system should be
Investigated and condemned
lie then agreed to have the resoI,,.
tion 30 to the Committee on Finance
senator TfHman's resolutions were
introduced yesterday, directing tia
Committee on Finance to make inyes.
ttgattons concerning the recent bo.l,i
issues and also relative to clearing
house certificates. Mr.. TIllman saIo
to-day that in view of what had been
done With the other resolutions on the
same subject lie would not discuss hla
resolutions at this time, but said iie
would Ike to have them lie OH tho.
table until he could secure inforr1a
ton he was endeavoring to set. His
request was agreed to.
Republicans Agree to Inquiry.
3 The fact that an agreement to refer
the Finance Committee and to post
pone the consideration of the TilIn,an
resolutions was reached so easily in
tho Senate was traceable to the mees-
ing of the Finance Committee, whic!l
was held Just before the beginning :.f
the session9of the Senate. An under
standing was arrived at in that com
mittee for the disposition thar Wsfs
made of the resolutions. Mr.. Aldrirl,s
then promised to have the matter ake:
up at meeting iof the committee -
be held on Thursday. when he said
he would be willing to have adopted
a resolution calling upon the Secretary
of the Treasury for all the informa tion
asked for by the resolutions.
Senator Culberson has from the first
preferred to have the inforna ton
which his resolution calls for before ].
the financial discussion IN
the Senate, and 1t is understood that
Senator rillman is DESTROYS of accu-
more material before address,
ing the Senate.5on the subject. He is 4
very hard, and when he ys-s
asked to-day what he was doing ne
replied that he was getting up a pits
pf IN