Bluefield evening leader. [volume] (Bluefield, W. Va.) 1906-1911, 1908-01-15
CHARGE is MADE ny SENATOR
Cu1.BERsoN. WHO GIVES EVE
DENCE no SUPPORT TT.
SENATOR TILlMAN
WANTS INFORMATION
From the Secretary of the Treasury
Concerning Insolvcnt National
Banks--Bond Issue Is the Subject
Cf Much Discussion I'm the senate.


Washington, Ian. 15.-The recent
bond issue by the treasury depart
m mt was again the subject for dis
cusslon in the Senate yesterday, be-
ing brought forward by resolution
offered by Senator Culberson calling
on the secretary for additional in
formation concerning the reasons
that induced hi INTO awad bonds to
national banks instead OF TO Indl-
viduals who n, declared offered
higher price.
MIR. ALDRICH INSISTED.
MIR. Aldrich insisted that the res
olution should not be adopted until
after Secretary Cortelyous reply to
o resolution formerly adopted by
the Senate was received, but prom
Ised to aid in securing additional in
formation II that reply was INSULT
client. Mr.. Culberson's resolution
went over under the rules.
During the session Senator Till
man offered resolution embodying
n new series OF inquiries concerning
the financial situation.
The Senate passed n bill approprl-
ating S3.000.00O for a site on the
south side OF Pennsylvania avenue,
Wash..sgton. opposite the grounds
70 rth, White House for building for
the department -of state, Justice and
commerce and labor.
A bill to appropriate $10.00O,00O
to purchase all Dhe Rand on The
south side OF Pennsylvania avenue
between the capitol and the White
House grounds for the purpose of
the location OF public buildings as
needed was discussed The bill had
been passed by the Senate at pre-
vious session. Under objection the
bill went over.
CULBERSON'S RESOLUTION.
The resolution offered by Mr.. CuI-
berson directed the secretary TO in
form the Senate OF the amount OF
circulating notes Issued by each ma
tional bank to which was awarded
the Panama bonds under the treas
ury circular Of November 18. 1907,
which notes were issued I'm conse-
quence OF the award OF those bonds.
Mr.. Culberson said that the act OF
congress under which these bonds
were awarded provides distinctly
and unequivOcally" that the bonds
may be disposed Of by the secretary
OF the treasury at not less than their
par value under sucn regulations as
he may prescribe, giving" con-
tinued Mr.. Culbergon "to all citizens
OF the United States an equal oppor-
tunity to subscribe therefor"
Not only that" he added. "the
circular OF the secretary dated No
vember IS, 1907. contains this state
ment
I'm considering bids the bidders
offering the highest prices viii re-
ceive the first allotments"
~ desire. said Mr.. Culberson,
"to submit TO the Senate one of two
facts which indicate that the secre-
tary of tn. treasury has violated tho
law in issuing the bonds he hes
awarded"
WANTED IT ADOPTED AT ONCE.
lie wanted this resolution adopted
at once. he said, fro order that The
secretary might reply to &c when me
sends in his reply TO the resolution
offered by Senator Aldrich. He
read "a letter from y. r. Costan. OF
OgceoIa. Ark, who said he hoI bid
for $2.5O0,OOO OF these bonds and
added that several millions or dol
lars worth Of the bonds had been
disposed OF below the amount ne
he'd bid IFS bid had been S1O4f
for S1,0OO,OOO Of the bonds. and
St.O3.5 for S1,5OO,OOO Hc had
asked The secretary for an exrl9na-
ton. and had received the foIow-
ing.
I'm reply TO your letter OF he
18th inst you arc informed That
the department did not accept any
Individual bids whore the amount
exceeded 100000"
The letter was signed by }. IT. Ed-
wards. acting secretary.
Mr. Culbarson said he had q letter
from an attorney I'm this city. saving
Continued on page four)