Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1908-03-20
DEBATE IN SENATE
IA TOILETTE CONTINUES Ap-
DRESS ON sLDRlcH BILL.
BANKERS CAUSED BIG PANIC
Blind Oklahoma Senator Takes 10
C0dgeis-Oouo.s Wisdom Of
Presidents Actions


cunning il the senate yesterday his
unfinished speech CT the Altriea cur
rercy bin, Senator La Toilette direct
ed himself 20 the charge made il his
remarks On Tuesday thai the rs-sat
financial Strinssacy was started by
great bankers and faanciers, 6sclar-
Irg that since he spoke o. Tuesday
ne had secured additional information
proving that his charge Vas correct
He read letter signed by H. R.
Vermilla, auditor Of the Washington
life Insurance company. calling upon
al agent 10 send premiums, collected
Eeek!y, TO New York and he said
sQch Letters were sen; 20 agents OF
that company all over the coaaIry.
Other New York Insurance c8E-
psaies," said Nj. La Folls,is, COT
tro!!ed by identical and allied inter
ests al the same time gave similar IL
s1ruc.ions to their state managers
throughout the country
Senator Gore. of Oklahoma, inter
rQpted TO ask whether. IN view of the
charge made by The senator from Wis
eonsin. the president WIS justified in
congraGulaIilg the men who brought
On the panic.
Does the senator think he said
that President Roosevelt and Sec-e-
Ia-y Co-telyol were not star actors
in hat performance. or at least that
1h.y Congratulated the chief actors
when il vas over
He quoted from Z lette- sent By
President Roosevelt 20 Secretary Cor
Ielyou
Senator La FcI.e1te deprecated the
idea Of bringing partisan politics III
70 the discussion and said he old NJ.
propose 10 be drawn into criticism Of
the president whc had d0ne the hest
he could To relieve The situation and
had not thought il wisa a. that critic
al moment TO attempt the punishment
OF the incenGi2ries Who had Started
the condas-2tioz he president sought
10 pu- out
Whatever the agencies we're back
OF that panic" said M Ia Folie-1e,
whatever the purposes we're behind
il. the president and his secretary Of
The treasury were confronted with z
condition The panic was oR,~ 6scla--
ed the senator il 1ragic tones tia.
rang through the CHAMBER.
The panic was On, I do Tot Know
how the president regarded IT, H
vas sitting there in the White ho1sa
He was 4 man who had faced al man
Ter OF dangers without f.EclEzs. but
he was confronted with 4 situation
and the panic was on, He saw that
legitimate business was put in peril,
and the responsibility came TO him
Is the head of the government. and 10
his secretary. as the head OF the treas
,ry department. Where else could
the nloaey have been semi 10 stop the
panic. 10 matter what influences
might hare been behind this bi1I2"
Mr., Gore said he justified the presi-
dent in standing and delivering to
these pirates and depostS:ng with
them the peoples n2oEey when heir
dagger was 1t his threat But can
not" he said. -'excnse him for con
s-ataaatins the pirates As public spirit
ed benetaceorS. excuse the presl-
dent for helping The Incendia-ies who
sin6lei the fire, but ! can hardly 20
so far as 10 approve his proclama-
tioD Of them as the deliysrers OF the
country"
Mr. Gore stated that he heartily
agreed with the senator from Wis
co2sia. that Nil Rockefeller and NJ
Morgan brought On this country
panic which had -ipc1ed 10 The point
ot falling. but ne did not think that
they should be hailed as beuefacto-s
a.te-Ea-d."
Referring 10 the bill as originally.
reported, Mr. La Toilette declared
with suggestion OF sneer that the
railroad bonds had been ~wL;Sked"
out OF the measure
We are not through with that
proposition" be added. Ill will appear
again and again until finally il is
Overwhelmingly beaten OF until it is
worked in and eRsratte5 upon the
currency system of this country" He
then discussed al some length his
resolution for the. valuation OF rail
way property which. he said. had been
sent 10 the committee On Interstate
commerce. but was NOT acted upon.
There was quite large attendance
OF democratic senator's in their places,
bat comparatively few republicans
Occasional conversations between
senators of the republican side calsst
the senator from Wisconsin to dis
continue the reading of his remarks
On one occasion he remarked:
If there is any comment on NY
remarks would be glad to have them
made so audible that can hear
them"
Senator La Toilette spoke more
than -vn r-Hf