The Cairo bulletin., 1908-03-18
| LAFOLLETIE ON
CURRENCY BILL
SPEAKS OF ATTITUDE OF NOR
GAN AND BANKS TOWARD
THE MEASURE.
ARGUES WITH ALDRICH
lrtimatee That High Finaneiers Are
Interested in Bill--Talks over
Two Hours and Whll Continue
Today

Washington March 17.-''What
have to say is made more pertinent, IL
possible, by the action taken during
the day with respect to the Aldrich
bill" said LaFollette In beginning his
speech if the senate today on the
currency bill His reference was to
amendments made to the bill by the
committee on finance
Speaking OF Morgan and the Stand
ard Oil Banks" and looking across the
chamber toward Aldrich, LaFolette
said:
Il will show the connection Of these
great groups with the bill pending
here, Notwithstanding the deXterous
withdrawal of the proposition to incor.
porate railroad bonds in the bill,
Aldrich said that the most earnest
objection to this bill was made by the
National City Bank of New York,
and that Vice President Vauderiip, of
that bank, has opposed the measure.
1T u.s." he added, mot Cnly opposed
by that bank, but by all the banks of
New York have received this morn
ing a statement from the New York
Clearing House association saying 1t
had better have no currency Legislation
than this bill and stating reasons why
We should have an asset currency.
II know of no bank. or banking
nan in favor of this bill. The fact
is, the banks, Throughout the eoult
try, are against it. and the senator
from Wisconsin has studied his sit
uation TO little effect if he has failed
to learn that"
Il will inquire" retorted i.aFollette,
what the position Of Morgan is"
81 do not know" replied Aldrlch, 81
know Morgan is n man of wide exper-
fence and wise Judgment, and his pa
triotism, and Should feel gratifed if
he approved this BILL
Perhaps" replied LaFollette in a
tone of sarcasm" in some way the
chairman of the finance committee
will be able to find out where Morgan
stands. His countenance beaming
from the gallery of the chamber while
the senator from Rhode Island spoke
IN this measure rather Indicated that
Morgan, head of one of these great
groups, was not entirely adverse to
the propositions embraced in the
bill"
Il suppose" said Aldrch, "that the
senator from Wisconsin viii agree
with me that this proposition should
be discussed on its merits as to what
IL will do, and not In the view of what
men in the position of Morgan think
of it"
Let me say" LaFollette replied,
."you cannot always tell from the lines
of the bill | should say the propo-
sition to withdrawing the provisions
to incorporate railway bonds in this
bill throws a flocd of light upon the
purpose of this legislation. Let M
say to the senator from Rhode Is
land further that it is not beyond
iIlt uutHliCIt tllhi tittof oiNhN VI fpfiiiiNh
tions might put out here or there crit
cisms of this proposition to give color
to the idea that there Is not great and
mighty power organized behind this
legislation"
After talking for two and a half
hours in opposition to the bill and in
criticism of Wall street and several
great financiers I.aFolette found him
self unable to continue further aud
suspended his remarks until tomor
row
LeFollette was soon surrounded by
senators extending their congratuia
tions, most of them being from the
Democratic side.