The herald and news. [volume] (Newberry S.C.) 1903-1937, 1908-01-24
answer them.'


mittee. l now will give some adii-
tional reasons why we should have
this information forwarded to us.
have a letter from Mr.. Kloberg in
closing a reply no received from AS
sistant Secretary Edwards.
| "This,' he continued, "may give
some light as showing why the Sec
retary finds it 50 difficult to answer
inquiries wa had propoundcd. This is
the letter giving reasons why he re-
fused to recognize bidders for
bonds"
In reply Mr.. Tillman read from
Mr.. Edwards his letter: "You are ad-
vistl that under the reservation made
by the department allotment was first
made to individuals and institutions
FOR amounts not exceeding $4,000
The remainder was allotted to The
highest national banks.''
"ThiS was followed, tnc letter
continued, because it was not dcem-
cd wise in the currency strin"encv to
withdraw money from the banks bv
maxim" allotmcats to individuals,
which Resulted in putting 90 per cent
OF the purchase price in the banks
and allowing them to take out adj
ditiohal circulation on the Panama
bonds.
'''Nhis circular made no rcscrva-
q Ia l. Il. I NJ
"This is purely III executive func-
ton and when the facts are brought
out think they will show that the
secretary of the treasury utterly dis
regarded the law in MS anxiety,
laubable as it may hava been, to
supply currency to New York
against other parts of the country.'
Mr.. 'rillman then turned to Mr.
Aldrich and INDUCED in some per-
S"nal references to him. He dcclar-
rd that nothing could have consid-
'rataon in Tire senate while the chair
man of the finance committee was
out of the chamber
Refers to Aldrich's Influence
"Wr have to sit hcrc,' he said,
"until his great parsonage comes
through the loor'
Mr.. Tillman declared that thc' Re-
publican side had to await the nod of
the chairman Of ihc committee on fl
nance. "Thr scnator.' added Mr.
Tillman. looking at Mr.. Aldrich,
"knows the great power and influ-
rnrc which he dc>cwcdly holds with
thc senate and with the country, and
it is moi worth while for him to af-
feet mock molcsty. He is too great
a maa to have any affection Of any
sort
Mr.. Adrich said he had great con-
filcnce in the secretary of the treas
ury and did not wish to discuss this
question until he had before him the
statement and suggestions Of THE
secretary. He was satisfied that in
Il short time t'ncy would he laid be-
fore the senate. and he Thought the
secretary should be given time to re-
ply in the best possible manner He
WAS sure thc secretary had done
what he thought was best.
Mr.. Tillman disavowcl any inten-
tion Of Sayim" that Mr. CoMclvou
had not done what he thought was
best. "Unfortunately," he said, Gin
this country VIC find ourselves sub
.lcrtcd to what appeals to some of us
as uSurpatioa Of powcr.'
Mr.. Tillman said he nal read in
the newspapers that the department
of justice had given notice that it
would not prosecute the coal carry
ing roads of Pennsylvania if they do
not obey The Hepburn Interstate
commerce law. Tn regard to the own
crShip of products they transport, ct
think this statement is phnomcnal.' -
declared Mr.. Tillman.
Senator Gallingcr suggested that
the law does not become operative
until May and he regarded the
| statement as so incredible that he did
believe it. "It is time the senate
should do little bnsincss," said Mr..
Tillman. "oa it's account. We nave
got doctor in command of ship
and all sorts of things are going on.