The Washington herald., 1908-03-25

Mr.. Aldrich stated that Immediately sf-
ter the routine morning business to-day
he would demand that the currency bill
be taken up and the amendments offered
thereto considered He said he would
press consideration of the bill thencefor-
ward until II should be disposed Of. and
he intimated that he intended to have the
bill voted on this week. IL he found il
necessary to compel night sessions and
sessions on Friday and Saturday In order
TO gain his end.
When. at the conclusion OF Senator la
Follette's three-day speech against the
bin, Mr.. Aldrich asked that day be set
for taking a vote. Mr.. La Toilette entered
an objection. and declared that he would
maintain his objection 10 unanimous con-
sent being given for setting time for
the vote. as he believed that the right to
discuss the measure at any and all times
should not be limited by any such arbi-
trary action. which would be binding on
the Senate. once having been given, no
matter what contingency might arise dur
ing the final consideration OF the meas
ure.
Doesn't AIIay Heyburn's Fears.
Senator Hepburn protested against the
decision OF the Senator from Rhode Isl
and to force a vote on the bill at any
cost. declaring that a time should he set.
thus eliminating the necessity OF night
sessions. which he. for one. did not care
/ TO be required TO attend. Mr. Aldrich.
however. merely smiled an insCrutable
smile. and seid that since there was OBJ
lection 10 setting a time for vote he
would have to pursue the course which
he had mapped out
Ends Tbree-dny Speech.
Senator La Toilette yesterday concluded
his speech against the Aldrich currency
measure He spoke two days last week
against the bill. and made a powerful de-
nunciation OF the measure and the inter-
ests which he said il would benefit
Mr.. la Toilette yesterday took notice
OF the press comments and interviews on
his previous remarks.
There was no occasion" he said, for
the organs and claquers OF the system
TO become frenzied over my statement
81 easily proven by the directorates Of
the trusts and combinations controlled
by the system
He declared that he had been very con-
| servative in placing the control of 1he
consolidated industrial. transportation.
and financial interests which are domi-
nant in this country I'm the hands Of the
hundred men whom he had named He
said he had made the list too large
rather than too small. He cited S. ;.
Pratt. editor OF the Wall Street Journal.
who in an article published two years
ago in a magazine. placed this power in
the hands of only seventy-six men, hold
ing ii that time 1900 directOrships in the
trusts and combinations OF the country.
The Senator showed. on authority or
John Moody. an eminent authority n
Wall street on all corporation and stock
exchange affairs. an enormous growth in
trust consolidation and capitalization in
the past four years. -Four years ago Mr.
Moody. I'm an exhaustive work on trusts.
had placed the capitalization Of tho COM
bined Industrial franchise and railroad
trusts at over $4,000 10000 IN the four
years just passed the total has Increased.
| according TO Mr.. Moody. more than Sil,-
100000 .o00 or more than 50 per cent. This
81. go 0O0. 600. Of trust capitalization in
1898. " declared the Senator. docs not rep
resent all the corporate power In these
few men II does not show their
financial combinations. banks. trust COM
panies. and insurance companies.
How Control Is Held.
Then Mr.. La Toilette took up the list
Of the hundred men which he had laid be-
fore the Senate and analyzed and classi-
fed it and showed where the control
really rested He said:
Along with this enormous increase in
trust power has gone steady process OF
Capitalization in the control OF that pow
er. until now the entire situation is domiN
mated by the Standard Morgan COM
bination The old feuds between these
| two great powers have been laid aside
Mr.. Morgan's picture adorns the wall OF
the inner room OF the ROckefellers at 26
| Broadway In combination to-day they
are working together to gather in the
! smaller powers. Mr.. Hin has been taught
that he must not oppose the big ones
Standard OIL got I'm on the Great North
ern ore deal. The Gould interests are be-
ing swallowed up by the combine. Morse
and Heinze were neatly pocketed during
the recent panic. The smelter trust was
given a drubbing and started in the same
direction. The NanderbiIts can no longer
retain their important control, and them
selves see the handwriting on the wall
Analyses "the system"
Mr.. La Toilette then went on to analyze
his list. He named as next after Morgan
and the Rockefellers a group of fourteen
men. who, be said. were ''nig operators
and men Of large power and interests in
their own right" These men. he said
find their best interests IN working in
harmony with Morgan and Standard OIL
No combination which theN could form
among themselves or with others could
cope with that power. In this list Of
fourteen he placed the following men:
! w X Vanderbilt George J. Gould. John Jacob
! Astor August Belmont Jacob Schiff. James Speyer
Frederick Weyerhauscr. +. II. Hartman James J..
| HHI Henry G. Frick Thomas r. Ryan. ]. Ogden
Armour. Louis 5. Swift. and w. II. Moore.
4 second class OF men in the list were
the stars Of lesser magnitude but men
OF wealth and power. who work i'm with
the combine. and few of the higher rank
of attorneys and bank presidents OF the
system.
OF the third group. including the ball
ance OF the list. Senator La Toilette said
While some of them exercised large
power and held many directorships. IL
was q delegated power. exercised by them
in mere representative capacity"
Would Strengthen Money Power,
Senator La Toilette argued that the
AIdrich bill would only serve to strength
en- this great money power Of Wall street
He said that the demand for an emergen-
cy currency was no excuse for this bin.
TO give the system" s5e0.0c0OO0 20 specu-
late with. The crop-producing sections
had plenty of money of their own TO move
the crops with. had il not been locked
up in Wall street banks. New York owed
the rest of the country more than s4lO,-
100000 last fall. and over half OF this be-
longed to the crop-producing States Of