Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1908-05-28
Signed but Not Approved


that it enjoyed the unique distinction
of having been signed by every one OF
the Republican conferees and not APP
proved by single one of them.
FIFTY per cent of it," he declared, lis
house infamy, and 80 per cent is sem
ate infamy, thereby making the whole
bill bad.
The bill, he said, was one which
every Republican would vote for and
one in which no one believed. 1t was
the most extraordinary bill ever pre-
scented to the house. He maintained
the vreeland bill did not figure in it
at all.
Ollie James of Kentucky said: "You
have 100000 idle men and you say,
put them to work. Would you put
them to work under the provisions OF
this bill?"
This remark drew from the Repub-
licans boots and jeers. which We're
offset by Democratic cheers and APP
plause.
"Oh," he exclaimed, facing the Re-
publicans, you will howl worse when
the people get chance at you In Mo-
Vember.
Mr.. Cochran of New York inquired
IL there could be any such thing as
makeshift currency. He recalled a
former speech on the currency question
and said that any emergency was the
failure of banks to meet their -obliga-
lions, their incapacity to pay their
bills over the counter. Such incapacity
in individuals, he said, would be called
bankruptcy, which would neceSSitate
the immediate surrender of such cap
ital as the individual placed in the
hands of creditors and their exclusion
from the ranks of active business.
But when that condition overlook
bank, he said, it is not to be considered
a failure or bankruptcy, but an emer-
gency, and the government Is to step
in and relieve it.
Mr. Cochran put the question to Mr..
Burton whether the conference meas
IRE was not intended to enable banks
to discarge in an emergency currency
obligation collected in ordinary times
and required categorical answer.
"No," replied Mr.. Burton emphat-
ically.
The proposition covered by the bill
of the conference. Mr.. Cockfan SAID.
"narrowed down to the fact that banks
whose business was that of discounts
should take money from their depos-
itors and hold it and enter the field
into which no bank over yet entered
with profit to its depositors or with
safety to commercial system, ana
that was to engage in the business or
investment"
Williams Sarcastic
The minority leader, Mr.. Williams,
took the floor for three minutes. Adj
dressing the speaker, he said that the
gentleman was never so highly honored
in all his life as he was today. The
bill, he said, ought to have been en-
titled: 1.-THE Aldrich political
emergency BILL" Recently, he said.
the house had held up the Aldrich Dill
as altogether wicked, and would have
none of it.
The Republican senate had said that
the Vreeisnd bill was altogether in
iouitous and destructive Of the best in
tarests of the country and would have
none of it. 1t had been long before the
speaker offered up the prayer: ANY
thing, o God, anything! 1t makes no
difference what it is, just so I can do
something before the house adjourns.
It will not do for the Republican party
to go to The country with absolutely
nothing. I must have something that
can be called something by somebody
somewhere"
Mr.. Williams read from some recent
remarks by Mr.. Burton. the purport OF