Daily press. [volume] (Newport News, Va.) 1896-current, 1908-03-20
LA Toilette AGAIN
DEN0uNCES BANKERS
Repeats His Assertion That New
York FlRanclers We're RespOR.
sibIe for The Panic.
OFFERS The SENATE New EVIDENCE
Senator Gore Tired tc &c, the Man
From Wisconsin to Admi, That
President Roosevelt and Secretary
cOrtelyou Were Responsible for FL
nancla' Depression.
fRy ARaocialed Preas,

10y sHSsoS'aieu lSbSV
WASHINGTON. d. c.. March 10 =
Directing his remarks TO the cha &c
formally maize that the recent ilnan-
clai sirinsoncy was started by bank
ers and iinanciels. Senator I.aFollstto
Today declared that Since he spoke on
Tuesday he had secured additional in
formation proving that his charge was
correct. lie read letter signed By
II. H. Neimilla, auditor of the Wash
lhSton Life Insurance Company. call
ing upon an agent TO send premiums.
collected weekly, To New oYrk. and
he said such letters wee sent to
agents of thai company all over the
country.
Other New Yo.k Insurance COM
pahies, said Mr. LaFollettc, con
troiled ny identical and allied inter-
esis at the same time gave similar
instructions TO their state managers
IN. onghout the country"
Senator Gore. the blind representa-
i've OF Oklahoma. Interrupted TO ask
whether. in view OF the charges made
by the senator from Wisconsin. the
PRESIDENT was not the man who
brought on the panic.
Does the senator think he asked.
that President Roosevelt and sec
rotary Corteiyou were not star actors
IN that performance, or at least they
knew the chief actors when IL was
over?" WIS
,,, lie quoted a letter sent by presi
'ent roosevelt 10 Mr.. Coitelyou.
Mr. LaFollette deprecated the idea
OF bringing partisan politics into the
discussion and said he did not pro-
pose 10 be drawn into Criticism OF
me President, who had done the host
he could 10 relieve the situation and
mad not though ii wise at that Grill
'cai moment to attempt punishment
OF the incendiaries who had started
me conilagration. which the President
sought 10 put out
Congratulations Condemned.
Whatever the agencies back of that
panic, said Mr.. LaFollette what
ever the purposes were behind il tha
president and his secretary of the
treasury were conf, onied with n con.
aition He saw that legitimate bus
mess was put in peril and the resnon-
siDiiity came TO him as the head of
the government and TO his secretary
as the head OF the treasury denart-
n'eht. Where else could the money
nave been sent to stop the panic no
matter what influences might have
been behind this bill?"
senator Bailey said he aged with
me Oklahoma senator that the money
should have been sent TO the bonl,s
throughout the country whose ronnv
was III New York and was kent from
mem and lie did think such per-
,orhiahce should have been ended nv
ie'fer of congratulations from the Pros
ident. 60
Mr. Gore said he Justified the pcs
,Gent in standing and delivering to
me banks and depositing with them
me peoples money when their dag
ger Was 1T HIS throat
hui | cannot excuse him for ron.
graduating the pirates as benefoctors
+, excuse the President for helping lilo
lncindiaries who kindled the f,e hut
l can hardly 90 so far as to apnrove
MS congratulating them as the de-
iiFers of the country"
Mr.. Gore stated that he b,rd,v
agreed with the senator from wis.
consin that Mt Rockefeller and Mr.
Morgan brought on this country
panic which had ripened to a poinr
OF falling, hut he did not think they
should be hailed as benefactors of-
terward
Fault OF Aldrich RiII
referring to the Aldrish bill as
reported. Mr. LaFollette declared that
the railroad bonds should be whiskcd
out of the measure.
We are not through with that
proposition he added. at will an
pear again and again and until hn1l-
~ II Is overwhelmingly beaten or un-
W II is worked in and engrafted upon
me currency of this county,
He then discussed at some length
ms resolution for the valuation ar
railroad property which he said had
been sent to the committee on inter-