The semi-weekly messenger., 1907-12-13
THE BOND ISSUES.
Matter Held up Pending Action by
Cnuomitfee on EInancC-Secretary
of Treasury Directed to Furnish IN
formation Bearing on Financial Sit-
uation-Tillman Getting mp PIE Oh
Rocks to Throw"

Washington, Dec. 1O.-Senator Al
drich today informed the senate tha-
the committee of finance would Withlh
q short time bring III resolution
providing for an inquiry into the re-
cent bond issues Of the government
and that il would provide for an in
vestigation into all matters contalnen
IN resolutions offered by senators con-
cerning the financial str;ngency anu
the efforts of the government 10 re-
lieve the situation.
With this assurance Senator CulDer-
son of Texas and Clay OF Georgia
agreed to permit their resolutions TO go
to the committee for >ls consideration
Senator Tiliman allowed his resolu-
tions on the same subject TO lie Oh
the table until he secures data he ce-
sires to present to the senate.
The senate adjourned at 1:O5 p. m
Mr.. Culberson's resolution directs
the secretary of the treasury TO sup
DIV the senate with certain informa-
ton bearing on the financial situa-
ticn.
Mr.. Culberson said that if he could
be assured that the resolution for an
inquiry would cover the information
called for by him he would be satls :
fled to have that course pursued.
Senator Clays resolution calls for
information concerning the deposit OF
money in national banks. Mr.. Clay
said that up to the present time S2oO,-
600 900 had been deposited by the gov
ernment in national hanks and most
of it had been on deposit during the
present year.
Il do not believe" ne said in the sen
ate today" that we can justify the
placing of such money in the banks
and then calling for more money by
the issue of bonds. That system should
be investigated and condemned
He then agreed 20 have the resolu-
ton go to the committee on finance.
Senator Tillman's resolutions were
introduced yesterday, directing the
committee on finance to make investi-
cations concerning the recent bond
issues and also relative to clearing
house certificates. Mr.. Tillman said
today that i'm view Of what had been
done with the other resolutions on the
same subject he would not discuss his
would have them lie on the table until
he could secure information nc was
,endeavOring to get His request was
agreed to.
The fact that an agreement to refer
the Culberson and Clay resolutions 20
the finance committee and to postpone
the consideration Of the Tillman res
buttons was reached SO easily in the
senate was traceable to the brief meet
ing of the finance committee which
was held just before the beginning of
the session of the Senate. An under
standing was arrived at in that COM
mittee 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 on Thurs
day when, he said, he would be willing
to have adopted a resolution calling
upon the secretary Of the treasury for
al the information asked for by the
resolutions.
Senator Culberson has from the first
prefer5sd to have the information
with his resolutions calls for before
beginning 1.-THE financial discussion in
the senate, and it is understood that
Senator Tfllman is desirous of ac-
cumulating more material before ad-
dressing the senate on the subject. He
is working very hard, and when he
was asked today what he was doing
he replied that he was getting up a
pile of rocks to throw"