Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1908-03-12
Sixtieth Congress.
Washington, Mar. II
SENATE.

SENATE.
The Senate passed the House bill,
with amendments, Increasing the PEN
sions Of widows of the civil, Mexican
and Indian wars from IS to $l2 per
month.
Senator Tlllmsn offered a resolution
which proposes an investigation by the
Senate tinsnce committee on 3 number
OF important sui jscis. 1t Is as follow,
Resolved, Thst the committee on
finance is hereby instructed to Inquire
and report:
First, Whether the national banks in
the city of New York aud elsewhere sre
in the habit, unoer the guise of CONNER
cisl loans, of furnishing permanent capt.
tsl for speculative or other enterprises,
and il 30, what legislation Is necessary
to prevent continuance of such prsc-
lice.
Second, Whether the Treasury De-
partment had knowledge of the loans
made by the National Bank of North
America of New York city which are
The subject of r suit BY The receiver OF
said bank against Charles W.M0rse, and
of other similar transactions in other
national banks.
Third, Whether national banks are
now engaged, by themselves or through
other organizations, in attempting to
control or dictate the legislation of Con-
gress upon currency matters.
Fourth, The committee is further in
structed To ascertain what, if any, leg s.
l&tion is necessary to discourage or pre-
vent the habit of persons holding the
Office of Comptroller of the Currency
and other Treasury officers from
making their Offices a stepping stone
to employment by national banks.
Fifth, Whether national banks arr
usiog trust companies or other 6narcis
, associations ts dummy agencies through
| which TO transact busDuess forbidden BY
the law governing national banks, snt
what legislation is necessary to prevent
such an evasion of the statutes.
Sixth, Whether the national banks
in New York city lent their credit to
the stockholders by the certi6cation or
acceptance ot checks during the years
906 and 1907 and report whether Oh
not such transactions involved any VIC
lation OF the provisions of section 52OC
of the revised statutes rs TO making ex'
cess loans"
10 personting his resolution and ask
ing that it lie on the table until Mon
day, when he will discuss 1t, Mr. Till
mann, explained that he had for sewers
years been trying "tO insert The prob
Z. into the Treasury Department, M
that he had been baked by The rrn'
mittee on fiusnce, which smOthe,ed hi
resolutions. He expressed the mop
that the chairman of the cOrnmltte
| (Aldricb) "would be less suspicious q
my efforts to get light"
During the financial debate in To
Senate this afternoon Senator Lodge
defended the administrations bond issu
to meet the panic.
l Senator Nelson hiss decided to pres
consideration of bis plin to charge bank
interest on public deposits. He into
duced an amendment in he Senate thi
afternoon, to later be flered to the finan
cial bill, placing such interest at tw
per cent. on weekly balances.
In order TO provide for the safely q
pleasure seekersin San Francisco harbO
when the "battle heet' reaches there
the Senate passed bull enlarging e1istin
law relating to regulations Of regattss s
as to include marine parades. Unde
its provisions the Secretary of Commerc
is given authority to make proper reg
ulations aud providing penslitie
ranging from revocation of license to
fine of $3.50 to any other person aboAr
the vessel violating the regulations
HOUSE.
The penumatic tube mail servlc
stirred up q lively discussion In tb
House today. On a point of order tn
entire appropriation WAS knocked out
the posiofiice appropriation bill only I
be reinserted in = different form. B
the change thus affected, the Poslmssie
general may natal new service to tn
extent OF 81, 1888, 759 annually.
Penny postage on letters betwee
points on the same rural route is pre-
vided for in bill introduced by Nj
Griggc.
Wholesale Prices of Produce.