The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-05-28

paign publicity bill courd be passed
before adjournment, and Mr.. Aldrich
declared that so far as he was con-
cerned he would favor voting on the
bill on that subject as soon as the
pending currency bill should be dis
posed of.
Mr.. Bacon said as it was reported
that both political parties favored leg
islation to give publicity to campaign
funds ne favored that question as the
one to be acted on without any other
question to complicate it
Mr.. Culberson interposed to say
that to insist upon the house pub
licity bill meant its defeat and Mr..
Foraker declared that he saw no rea-
son why senators should object to the
house measure unless they were OPP
posed to the enforcement of the pro-
visions of the constitution. Mr..
Foraker added that the Republican
members of the committee on priv
leges and elections were unanimously
in favor of the house publicity bill.
He said also that he favored pub
licity in the matters of campaign
contributions before as well as after
conventions. A request for unanimous
consent by Mr.. Beveridge that the
house publicity bill be taken up upon
the disposition of the currency meas
ure was objected to by Mr.. Hale, who
said he did not propose to mortgage
the future of the senate and that
question could be determined when
the pending measure was out Of the
way. The discussion of the currency
bill was then allowed to proceed. Mr..
whether the currency bill reported to
the seante would permit railroad
bonds to be used for securing emery
ency currency.
Railroad Bonds Included.
Mr.. Aldrich replied that it included
securities held by any bank, provided
they were approved by the association
"It undoubtedly" he said, pro
vides for the acceptance of railroad
bonds as a security if approved by the
secretary of the treasury"
Reverting to the question of the
publicity bill Mr.. Foraker said he
hoped to find somebody is authority
some day to enforce the fifteenth
briefly.
Mr.. Aldrich then appealed to the
senator from Georgia mot to further
lead the discussion away from the
pending bill" The request met with
ready response and the discussion of
the compromise bill was begun by
Senator Teller, who declared that the
door was exceedingly wide open in
the matter of securities" The house
bill joined to the senate bill" he said,
had never been discussed by the SEN
ate and he believed full consideration
should now be given it.
But he added, 1.-The published
statement that 1 favor a filibuster on
this measure is not correct"
IT do not believe the opponents of
the measure should enter a filibuster-
ing procedure" Mr.. Teller called
upon Mr.. Aldrich for information as
to whether cotton warehouse receipts
would be accepted as security for
emergency notes. and the chairman of
the committee on finance replied that
anything bank could take as
collateral security can be used If ap-
proved by the association and by the
secretary of the treasury and he con-
eluded warehouse receipts would be
included. In the same way mortgages
might be included in the approved
securities if taken by bank to Sc
cure its loan.
II object to this scheme said Mr..
Teller, because I do not believe it
will stop with what is. proposed in
this bill. l. know there is de-
termined effort among bankers to
make commercial paper an asset
upon which to issue money!"