Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1908-04-10
CONGRESSIONAL
Submarine Case Continued.

NON0lkE99lON
Submarine Case Continued.
The investigation of the charges
made by Representative Lilley against
the Electric Boat company was resum-
ed before the house committee, and
President Rice of that company was
one Of the important witnesses. He
accused a rival submarine concern, the
Lake Boat Company of Connecticut,
with having offered to have the inquiry
called off if the Electric Boat company
would agree to consolidation, but he
did not say that Lilley knew of this
plot. Rice said that the proposition had
come to him from Hugh Grant Brown
of New York and that Brown had told
him that if the deal were made Sen
ator Buckley of Connecticut would
see to it that the probing stopped. At
once Senator Buckley asked the ccm-
mittee to call on him so that he might
deny that he had ever authorized any
one thus to use his name. Rice also
charged that Charles R. Flint had made
q proposal at st. Petersburg to buy the
Electric company for 100000 in case
the Lake boat won in the tests at New
port and 100000 nuisance value" in
case the Electric boat won. Most of
the Lilley charges Rice characterized
as malicious lies.
At a later session Congressman
Loud's former private secretary, Eden
boro, made the direct charge that the
boat company had coerced Loud into
supporting their interests by putting
up rival candidate in his district and
then offering to call him. off if Loud
would vote their way on submarines.
Aldrich Bill In the House.
The emergency currency bill intro
duced by Senator Aldrich having pass
ed the senate by the comfortable vote
of ~ to 16 on March q, the question
OF its fate in the house at once became
OF first Importance. The house com
mittee on banking and currency. of
which Fowser Of New Jersey is the
chairman and which has a currency
Dill of its own, has the Aldrich bill in
hand. Public hearings are now in or
der for one week AS it stands the
Aldrich bill authorizes the issue of not
more than $5oo,ooo,oOo of currency to
be issued to national banks upon de-
post by them of state, county or mu-
nicipal bonds, the same to be equitably
distributed according to the capital
and surplus of the banks, the banks to
pay half Of l per cent a month the
first four months and three quarters Of
per cent month thereafter. One
amendment adopted by the senate was
that all reserve city banks shall hold in
their vaults two-thirds of the reserves
required by law. Another amendment
of some Importance which was moved
by La Toilette would prohibit banks
from buying stocks issued by corpora
lions controlled by the officers of the
bank.
A Lineup In the House.
Pursuant to his announced purpose
of putting the Roosevelt policies. at
least some of them, up to the majority
of the house, Leader Williams of the
minority April began determined
hllbuster which lasted seven hours
and kept the house in session till after
10 o'clock. Williams insisted on the
roll call on every motion that was
made. Payne, the Republican floor
leader, denounced these tactics and de-
clared that the majority would do
business in it's own way. He proposed
that the house take up the topics in
the presidents message in their or
der and that the message be distribut-
ed, but he would not permit any dis
cussion of the motion. So the roll calls
went on until finally the opposition
was cornered by the closure rules. but
not until the Democrats had forced
their adversaries to vote down motions
In favor of two Of the presidents pet
measures-namely, to place wood pulp
on the free list and reduce the duty on
print paper and to limit the power of
injunction. The same day Speaker
Cannon moved resolutions calling for
light on the paper trust, inferring that
Ibis might explain the rise in the price
IF paper.
Reflection on Fairbanks Suppressed.
Two or three weeks ago Senator For
aker submitted report bearing on
The question of Alaskan sealing pre-
pared by Henry w. Elliott, an expert,
u which the statement was made that
Vice President Fairbanks had told |
deliberate falsehood in 1903 when he
sought to defeat the then pending bill. |
When this fact came to light the SEN
ate promptly met in secret session and
recalled the Elliott report, while Sen
ltor Foraker made profuse apologies,
IS he had not read 1t at the time 1t was
submitted.