The Washington herald., 1907-12-17
Senator Tillman Sees Fault
in Relief Measures.
FINDS NO LEGAL WARRANT
He Creates Mirth in Sennte with
References TO "Annnias Club" and
Clearing House Ccrtihcates-Says
South Demands Currency Reform
that Shall secure safety.

OF his former utterances on the same
floor was the speech OF Senator Till
man. of South Carolina, in the Senate
yesterday upon the action Of the ad-
ministration in issuing Panama bonds
and 3 per cent certificates for the pur-
pose cf relieving the recent financial
stringency.
However, the Senator frequently
brought laughter from the crowded
galleries and smiles from many Of his
colleagues by his references 20 the
"Ananias Club" and some phases Of the
recent furry. and convinced many or
his hearers that however desirable the
government relief measures may have
been. they were not. strictly speaking.
in keeping with the Federal statutes.
ffter reciting facts to show the great
material prosperity of the country at
the time Of the crisis, and alluding
with fine sarcasm to the Dingley tariff
law and protection in general, the Sen
atOr related the causes leading up 10
the furry and the incidents which
marked IT,
scores Treasury Delay.
He said:
Presently We were informed that
the Secretary Of the Treasury, in addi-
tion to having placed practically all
the ready money at his command at the
control and for the assistance Of banks
ia New York and elsewhere, but mostly
in New York, felt constrained to in
crease the amount Of ready cash in
sight or available by issuing bonds
Panama loan bonds and per cent GER
tidcates OF Indebtedness The bids
were called for and sent in. But there
was some strange delay in announcing
who had succeeded in getting these
government securities.
There is abroad in the land, Mr. TiIman
declared, a feeling that the Secretary Of
tAe Treasury has at least violated the
spirit of the law If he has not ignored
tie letter thereof
We have upward Of S225 100000 in the
Treasury to-day not appropriated" he
continued. and therefore subject to draft
for the current expenditures. Is there any
need for increasing the public debt at this
time for building the Panama Canal or to
meet current expenditures?
Pcrtiuent Inquiry from Georgia.
ITO illustrate the concrete proposition
best some Of these people in the coun-
try. these cornheid lawyers, these corn
FIELD lnanciers. have very shrewd way
getting at the meat Of things. and one
OF my correspondents down in Georgia
las summarized and epitomized the en-
tire situation in letter written to me the
eQth OF November. rs follows
Dublin. Ca. Nov 2n 1907.
l. D. Beni r. Tii,man. Trenton 5 C..
SIR: iake the liberty Of asking ron 10 tell the
iEcr.lan ieoTlc when Congress assemblies why il IS
that the bauEs issue uoiuterest- bearing notes
clearing house crtifoatesl and force the people 90
take them in settlement Of debts while when the
government Issues notes II has make them interest
bearing IN crder 20 get the banks 10 acrept the free
nse Of them. Respectfully. J. B- CRESWELL.
Senator Tillman then referred at length
u the visit 70 the White House OF zone OF
The Presidents cowboy admirers. Mayor
Dahiman, OF Omaha. who had a special
entree when he applied for admission.
although il was Cabinet morning and in
rc-ding Dahlmans interview after the
meeting, printed widely in the news
papers, to the effect that the President
was glad If he had been responsible for
the revelation OF the rOttenness Of GER
tain financial circles. declared that he
was well aware that the cowboy mayor
had incurred the imminent danger OF
Joining the Ananias Club.
wall Street the Sick Man.
Senator Tillman continued:
'Of course the responsibility for the
conditions which confront US is a very
important thing for Us TO consider: almost
as important as to how we shall find a
medy or relief for this sick man. The
Treasury of the United States is not
sick Il is the fellow in Wall street who
Is out OF fix. I do not hesitate TO say II
II were not for the intimate association
and connection and domination Of Wall
street. with the Treasury of the United
States and its administration we need not
worry ourselves about this so much. But
when there are so many facts bearing on
this case which go to show that the con-
trcl of Wall street in our financial affairs
in This chamber and at the other end of
the Capitol-certainly in the Treasury De-
partment-is paramount. as to the Ioca-
ton OF the responsible man. the man who
struck Billy Patterson, so 10 speak. who
struck the American farmer. the Ameri-
can cotton grower. and the American
miner, and the American manufacturer.
and who has brought upon us this
paralyzing. chilly condition. we want 10
find out who he is
Treasury Friend In Need.
L said a little while ago. and 1 believe
statistics will prove it. that whenever
there has been any stringency whatever
IL Wall street in regard to currency and
the banks found themselves tied I'D. hard
up, as the phrase might be, all they had
to do was TO telephone or whisper into
the Treasury at Washington, Send me
ten or twenty or thirty or forty million
dollars or some other money. I am aw-
FUZZY tight to-day and at once the whole
machinery was set in motion to transfer
from the Treasury OF the United States
the subtreaSury money paid into II by
taxation 10 support the government here
and 10 carry on our proper governmental
Affairs, TO be paid over to aid and abet
and help these gamblers in putting up
prices or putting them down. as the case
might be, so that they could unload on
any innocent purchaser whenever any
innocent man, any lamb came in"
Has Fun with Certificates.
OF clearing house certificates. the Sena-
tor had quite a collection. and he created
great mirth in the chamber when. with a
mien OF mock severity. he strode toward
Senator Beveridge whose broad smile
showed that he enjoyed the humor of the
incident, and shaking the certificate al
him. said:
Here is a blessed looking specimen.
CExhioiting) 1t looks like what you peo-
pie would call Confederate money, with
which was very familiar when / was a
Doy-a shin plaster-and yet they are
Issued by the national banks. When
there ere Enrnn Of IL ..-hn -.-n..la -.