The Washington times., 1908-02-12
Maryland Senator Would
Send Trust Managers
to Prison.

Holding the President, N part,
blamable for the financial depres-
sion. Senator Rayner of Maryland
addressed the Senate this afternoon
on the AIdrich currency bin. His
address was a brilliant and spark
ling effort of oratory, and was
listened to with close attention by
his colleagues.
His sharp sallies at the expense
of the White House evoked laughter
from Senator's. and laughter from
the galleries. He scored the Presi-
dent in particular for the impracti-
cability of the methods he was ad-
vocating and following against the
"malefactors Of great wealth"
Concerning the Aldrich bill, Sena-
tory Rayner declared IL wholly in
effective for the purpose for which
it is designed" He said he had
greater solicitude fer a perfectly
safe and sound currency than for
an overabundant currency.
Gambling in Stocks.
It was in dealing with the causes
Of the financial disturbance that Senator
Rayner attacked the President He said:
When 1 assert that our present hnan-
claI distress was not caused entirely by
the failure Of the banks and people 10
procure the money that belonged to
them, and that they ought 10 have had
r1z4vF that Thara -Erns-a 1rfrt7ar14Fg r,-F7ar
causes at work to which could be easily
traced the anomalous disturbance that
has retarded and shocked the prosperity
of the country. UnIIwful speculation
unlimited gambling In the stock market,
OveTtrading. hazardous business enter
pr.ses that did not offer safe security
for the loan Of money. high and ficti-
tiOus figures for investments. ccmbina-
tons and consultations that have bene-
flied the promoters and robbed .He
people OF the land, all working together
destroyed public confidence ana helped
materially to create a period OF deprGs-
sion. almost unparalleled in the financial
history OF the country,
And now / say, with great Difference
and respect both for the Office and
for its occupant. that the President of
the United States has also, with the
best intentions, uncOnSCiOuSiy contrib
uted to the misfOrtunes that have over
taken us. I unite with him in the war
fare that he is waEing against the viO-
lators OF the law and the oppressors Of
the people. lie cannot be too severe for
me in his aTraignment OF their iniG-
UitOus practices. When IL comes TO
the Standard Oil Company and Kin bred
alliances, no man in this chamber would
90 10 a greater length than / am willing
10 go in driving them, if possible, from
the face of the republic. I know that
their path has been a path Of desola-
down upon competition like a ccrmOn6nt
upon its prey, and have built their
thrones upon the wants OF penury and
the toll Of Unrequited labor.
Monopoly Curse of Country.
Monopoly is the cur5e Of this coun-
try, and I take up my line of march.
Is I have always done, with the attack
ing party thar will eventually level IT
TO the earth and rescue from Us deadly
grasp the honest business enterprises of
the land and the PROSTATE rights of the
American people. I differ. however,
from the President in his method Of
assault.
''Afalefac tOrs should receive penal
punishment, and a whole generation OF
innocent people ought not to suffer for
the sins of their Oppressors. One day
Ct Imprisonment would do the work bet
ter than all the heaviest fines that can
be levied upon the institutions they
repre- sent.
I differ from the President in his
remedies, because he has suggested one
after another utterly impossible of ac-
COmpnshment by the Federal Govern
meut Take the child labor bill that
in former messages has received his
warmest Endorsement. Laying aside its
unconstitutiOnality, which / shall dis
Cuss when the occasion presents itself
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