The Washington herald., 1908-03-05

:
government through the Senate recently.
Senator Tillman has acquired the resoia-
ton habit, and in endeavoring 10 indulge
his taste in this particular yesterday he
had sharp little exchange Of pleasantries
with Senator's Aldrich. Hale and Depew.
When the resolution. asking about the
loans made by New York banks on stocks.
introduced by the South Carolina Sen
ator. came up yesterday, having gone over
from the previous day at the request Of
Mr. Aldrich. the latter declared that some
Of Its features were objectionable. and
said he thought that II had better go TO
the Committee on Finance. OF which he
is chairman. intimating that the commit
tee would endeavor TO revise it 10 suit
both Senator Tiilman and himself.
TiIIman's Ire IL Reused.
Mr.. Tillman Immediately demanded to
know what features OF the resolution
were objectionable. and Mr. Aldrich re-
marked that the most Objectionable was
the provision which called for the names Of
all persons 20 whom loans on stock had
been made. This. he thought. would be
the worst thing the Senate could DO.
! Mr Tillman was willing 20 modify e
/ by leaving out the names. referring TO the
borrowers as No. l. No. Q &C. All he
wanted was to find out about the stock
gambling.
Mr. Hale, CT Maine, objected,to the con-
sideration OF the resolution. which
aroused Mr.. TiIlman's ire. The Senator
from Maine could not crowd him of
the foor," he declared. The resolution
/ had gone over Tuesday on objection. Il
was properly before the Senate and he
/ CTillman) could discuss il until O'Clock
J II he desired.
I Dir. Hale disclaimed any intention OF
/ attempting 10 take Mr.. Tillman from the
1 floor. lie thought however. that the
resolution should be considered by the
} Finance Committee and the objectionable
! features eliminated.
! Wants to Know About Gambling.
Mr. Till,nan thereupon announced that
he did not care a snap about the names
/ Of the borrowers from the banks. Y
/ have no intention" he said. "of making
any inquisitoTial inquiry into the private
morals OF New York: what want Is the
record OF stock gambling there. in which
/ the banks assist by lending money on
/ himsy security"
Mr. Depew. OF New York, did not see
why he inquiry should be directed ex-
I pressl' az New York Whatever was
/ charged against that city would apply
also 10 other parts Of the country.
\ That might be true. bur in a less de-
gree" MIR TiIlman replied. quite snap-
/ pishly. but the bucket shops have been
run out Of most Of the States. and would
/ be shut up entirely II the head center of
ali such deviiment-the New York Stock
/ Exchange-would confine its business 10
| legitimate transactions"
Depew Defends Gotham.
Mr.. Depew suggested that If the New
I York Stock Exchange were closed up. the
+ industries in South Carolina ard all other
sections OF the country would sufrer, for
New York was the only place where they
/ could get the money 10 run them The
majority Of the loans made by the banks
OF New York, he declared were not made
on stock transactions. but in the course
/ Of legitimate business. He thought.
I therefore. that calling for the names OF
! borrowers would force a disclosure OF
secrecy that would cause great injury.
Mr. Tilman vehemently declared that
/ Mr.. Depew's admission was a confession.
/ that the New York banks we're doing
| just what ne (Tiliman claimed. But Mr..
I Depew thought any such conclusion was
based entirely on the assumption that
Senator's were better bankers than the
| New York bank officers.
Depew WOuId stop Gambling.
| Senator Depew declared that he was
perfectly willing 10 join senator TiIlman
/ In endeavoring 10 stop gambling in stocks
/ in New York, or anywhere else, if it
could be done
After Mr. Tillmsn had taken bit OF
a rap at Mr.. Aldrichs alleged control
Of the Senate, declaring that he knew the
/ resolution must go to the committee If
/ Senator Aldrich insisted upon il, Mr.
| Aldrich repeated his demand, and the
resolution was referred TO the Finance
/ Committee
Later. following Senator Hopkins
/ speech in defense of the Aldrich bill.
/ Senator Tillman sent the desk 10 be
read an article in a barking magazine IN
which a well-known Chicago oank..- at
/ tackled the bill Shortly before > O'Clock.
| the hour for the unfinished business to
/ be laid before the Senate. Mr.. Aldrich
asked that the reading be stopped and
that the article be inserted in the Record
( instead.
Not "BOss" of Democrats.
This aroused Senator Tnlman again.
The Senator from Rhode Island may
control his side of the chamber" he
cried. but thank God. he doesn't run US
over here. at least not yet"
/ When the unfinished business had been
laid before the Senate Mr.. Tillman Sc
cured enough time frors Senator Hey
/ burn. VINO had the floor. 20 have the
reading OF his article finished and TO
make a short speech upon il. In doing
so. he made remark that seemed to in
dicate an intention to criticise Senator
Hopkins, who had eft the chamber. Sen
ator Aldrich was on his feet il.a second.
Il hope the Senator will wfthhold his
criticism until the Senator from Illinois is
present to hear il" he said.
Mr. Tillman said he had no personal
criticism to make. but simply wished TO
show that Mr. Hopkins had changed his
views somewhat. Later. Senator Hop
kins came in and demanded that IL any
personal remarks had been made con-
cerning him he should like 10 have them
repeated Mr.. TilIman repeated what he
had said. Mr.. Hopkins declared in ef-
feet. that he had been misinformed as 10
the purport OF the Senator's statements.
Hopkins Pours Oil on waters.
IF the Senator desires" said Mr.. TIL
man. somewhat bellicosely. ''he can con-
suit the stenograph!c record"
Not at ALL said Mr.. Hopkins; .'the
Senator's statement is sufficient. and I