The herald and news. [volume] (Newberry S.C.) 1903-1937, 1907-12-20
TILLMAN ON MONEY.
Roosevelt and Cortelyou Flayed-
Holds up Clearing House Bank
Certificates for Ridicule.


Monday delivered in the senate by
Senator Iillman. Mr.. Tillman spok.
on his resolution directing ali in
ve>.iga.ion Of the recent bond issues
anl clearing house certificates, but
&c took occasion to comment on n
good many matters concerning ".';s
tinanr'a! affairs Of the country. II
must confess | have not studied fir.
ah"e very much from the boolxs.' be-
gan Mr.. Tillman apoiogctically. "My
Gown. labors in that direction having
I been confined to my own expenses.
f Mr.. Tillman said he did not know
the criticism of ths chairman
|s0f the house committee on banking
ySSand currency (Mr. Fowler) had caus-
ssSEed8the secretary of the treasury to
3haItSin the issuance of bonds, but Il
.Schange Of plan seemed to nave been
B S5mfadee and he had not been able to
ID learn how much of the proposed
y bond issue had been put out He ex-
ii&&ppIeesssd the opinion that the secre-
tary@had violated the spirit of the
law if he had not violated the law it.
self.
4 "lf we are not in the midst of a
q panic, We arc in the midst of chill
CRroduced by the danger Of panic,n
eSdsclared Mr.. rilman.
treasury, lie said, has "dump-
#ed' its money in Wall street and the
'geountry has praised the patriotism of
INK: p. Morgan Gin aiding the coun-
Try to get grip on itself and not
33Ilst everybody go crazy and prccipi
s2tata Further loss and horrors on the
ssscountry"
Speaking Of a published interview
with the president by Mayor Dahl
1smann,aof Omaha, in which the presi
Ea ert3is alleged to have said that if
sai asalsa1 responsible for the panic he
WAS glad Of it, as it had brought to
the rotten conditions of the
8sS!conntry's finances, he said:
fear that Mr.. Dahman is in.
danger Of joining the An
s5anias Club. Perhaps somebody here
Will 81 use the 'phone and find out
about that"
b 1lc said that he would aot worry
ESp bout the panic, but he found so
ssShlany facts connecting the treasury
SSd apartment, even the senate and thl
|Shous2 Of representatives with Wall
4strcct that he was compelled to rec
MSo"niZc them. especially as the far
.Emer, the cotton planter and The man
uiaclurrr were affected He said he
Wantcd to know who struck "nilIy
IF Patterson.
III He spoke of tie manner in which
Mthe financial stringcncy has oprrai-
NED.
@ "And,' he added. "thc president
fsays he is proud of il. cannot be-
, lievc lie said it,. He has aid many
things lacking discretion, but 7 do
..not believe he is so caIlouS as To feel
} any pleasure in the condition Of par
\ alysis which confron1s us. believe
Ae is a patriot, though he has per-
zb;Aps shown it badly at times.'
aRidicules Clearing House Certificates
sS The senator held aloof banking
EH Housei certificate and in il loud voice
s5ssseplled upon the senate to look at it.
|I8t Here is IL spccimcn,' lie declared.
|Esss&It looks like what you call Confel-
money-shinplastcr-- and they
issued by national banks. Look
I am going to have it engraved
Elf it can be done without destroying
Lit and put it in the Congressional
But I don't propose to have
destroyed and lose a dollar just
R tNpEghtcn You upon the currency
W W,aiSyon.'
tie Nwanted only good greenbacks
|IaA in lSasping tones, speaking of the
scssity Aof money, he said:
I.ss s You Will have to go to the bone
Is1il as sd il yo@ can't get it,
As betwe en the "shinplasters" in
! the form of Clearing House certif-
rates and grecnbacks he said he would
,rcfcr grcenbacks based on railroad
md other stocks and bonds, although
bhey were, in his opinion, filled with
Mter.
! "a He was, he said, daily in receipt
/ w. letters from people who think
a. know all about the currency and
- Mc schemes for currency REFORM.
EsS But don't even read thcm.' II,