Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-04-17
NASTY CHARGE:
HURLED At
BANKERS
SENSATION SPRUNG IN
ALDRICH BILL HEARING

Iny Morning journal special Lsased wlroI

IBY Morning journal Special Leased Wlre.I
Washington, d. c., April l6--ln
picturesque language, at times Violent
ly dcnuuCiatory Alfred @. Crosler. of
Wilmington, Del today told the house
g. mmtteo un banking and currency
that he had unearthed a secret scheme
for a compromise on the Aldrieh cur
rCncy bill He minated plainly that
tho members of the currency COM
mission and the American Bankers
association did not act fairly with the
banking and currency commission in
unanimously opposing the Adrich bill
yesterday.
While opposing the bin "on princl-
Pile" he said. "the members of that
commission objected TO II because the
emergency currency was to bear six
per cent interest and are ready TO sup
port 1t now If the interest Is reduced
to three per cent"
Last evening our distinguished
banking friends had conference" hA
said To-day they are having another
with the wicked promoters Of the
wicked Aldrich and Vreeland bills.
What for They are agreeing on
compromise. On what basls2 Just
"a simple little amendment reducing
tho taN 10 three per cent ana some
other minor changes
He declared that this conference
was only held after 1t was stated that
the hearings before the banking ana
currency committee had been closed.
"If this committee had not honor
ed me with this opportunity to speak
at this postscript to the house near
fpp" said Mr Cresier "and II one
af the distinguished bankers who ad-
dressed you yesterday had not mistdk-
ru me last evening for one OF then
fraternity and unroserNedly told ne
fhc whole program the trick Woula
have boon turned quickly and suddtn
K The business interests OF the couh
NN might never have known that tney
had been sold out by their banking
partners ANA even this committee
might not ia time, become aware that
the great men who appeared hoto
against the bill openly were IN tagt
favortng I urvaie "
erhc AIdrich hlll." Mr. Crosier de-
flArrd ai4 II gambling game from start
to finish brought here by gamblers
and promoted by gamblers for gamblr
inr PURPOSES
lie asserted stoutly that he knew
the late financial stringency was
brought ON deliberately by Wall street
men
Il was told in Wall street that such
a measure as the Aldrich blll Woutu
be- brought before this congress ana
that "A panic would preCedc II"
Mr., CrpSer said that II commits
sion was appointed he would furnish
n list of Witnesses by Whom tnlN
charge can be proved
As an evidence of the conspiracy
tn bring on a panic Mr. Crozier SAID
a prominent HnauCter told the ptesl-
don't of the New York. New Haven &
Hartford Railway company that IL
was to be brought on before the meet
ing Of congress ana on that intorma-
tion he said the railroad borrowed
8O.O0O.O00 Urged to tell who the
dnancier predicting panic was, MT
Crosicr said he did not like to give
his name at this time, but would give
Il to the counsel of any commission
congress might appoint to investigate
the causes Of the recent financial
crisis.
Upon the conclusion of Mr. Gro
sinr's statement, Chairman Fowler am
that hearings on the Aldrlch
bin were closed.
After short executive session the
adjourned until 1850
o'clock tomorrow when Il is expected
an adverse report on the Aldrich bill
win be agreed upon
The Vreeland bin Is before the com
mittee and If It Is Mr. Vreeland's de-
sire to have hearings on tnal measure
he probably win be given an oppnr-
mnty to present any testimony he de-
sires.