New-York tribune., 1908-03-20
la TOILETTE RESUMES.
4rarn Declares Bankers Caused
Panic-Stirs IN Senator Gore

Washington, March 1e.-Resuraing TO-DAY mis-
speech OF the Aldrich currency bill Senator Id
TaIette directed himself the charge made in
lffs remarks on Tuesday that :lae recent inan-
cisl stringency started by great Iankers
snc tnanciers. declaring that since he spoke on
T,ges aa, ne had obtained additional evidence that
rs charge correct He read letter signed
l.x II z. Eerrnilye. auditor OF the Washington
l.1-e Insurance Company. calling agent 70
No premiums. collected weekly. to New York.
s-d DC said such letters were sent 20 agents CT
ttst company ell cve- the country Other Ne"
York insurance companies said Mr.. La Toilette.
-r7--ro1ie5 hy identical and allied interests.
the same time gave similar instructions 20 their
.tzre rnansEers throughout the country,
s-ena-or Gore. Of Oklahoma interrupted TO ask
r-rerber in view Of the charge made by
senator from Wisconsin the President was jus
tlfed il ccnsratula1inS the men vho brought on
10 panic
Does the Senator think" he said. that Prest-
sent Roosevelt and Secretary Ccrtelyou We're
r7ot star actors in that performance. or at least
rat they congratulated the chief actors when 1t
over He quoted from a letter sent by
President Roosevelt TO Mr.. Cortelyou.
NJ. Ls Toilette deprecated the idea of bringing
partisan politics into the discussion. and said
he did not propose To he drawn into criticism Of
- President VINO had done the best he could
relieve the situation. and had not thought II
uise At that critical moment 10 attempt the pun
i=hrnent of the inceudisries VINO had started the
cor7acrat!orl TIE President sought put out
-.IV4arsve- the agencies back Of that panic
aid Mr. La Felierte. whatever the purposes were
-ehi1d IL, the President and his Secretary OF the
Treasury 7ver. confronted with condition. The
rariC va on declared the SeuIt in tragic
tones that rang through the chamber; THE panic
vas o. ! do not know how the President regarded
Il Fie was string there IN the White House He
vas = nan Who had faced all manner of dangers
without fir.cl;nE. but he confronted with n
situation and panic He that
fs-itir7are business vas put in peril and the
sr,orsitsfltv came hin, the head Of he gov
----7er: and - his Secretary the head OF The
eas1;r7- Department Where else the money
have been sent stop the panic. no matter what
influence might have been behind this bilI?"
Senator Bailey said he sympathized with the
cklshorn Senator-that the money should have
reer sent the banks throughout the country.
-ose r7ore,- New York and kept from
r5ern. and he did not think such a performance
should have been ended by q letter Of congratula-
-so- from rhe President.
Nj Gore said he justified the President in
-rsndinE and delivering 70 these pirates and de-
posting with them the peoples money when their
Dagger vas d his throat. but ! cannot he said.
.-eIcUsA him FOR couEratUlatins the pirates
public spirited benefactors excuse the President
'C- helping the incendiaries who kndled the fire.
rIr can hardly 90 so far as 10 approve his proc
nation of tho-n the Gelive-ers OF the
-----
NJ. Gore said he heartily agreed with the Senator
@~orr Wisconsin that Mr.. Rockefeller and NJ.
Morgan brought on This country panic which had
mink Ihey should tc hailed as benefact after
vs-6-
E2efe--ing 70 The bill originally reported. III.
"a Toilette declared. with suggestion
ras- the railroad bonds had been -'wfisked' out
- II. We through with that proposition
10 added: 1t viii appear again ana again. until
17aIlv il Is rV-helnniugly beaten until il is
-o-ked in and engrafted upon The currency system
of this country H then discussed length
MS resolution for the valuation o. railroad prop
.--y. which. ne said. had been sent the Commit
RS Interstate Commerce. but was not acted
mn.
There large attendance OF Democratic
Sa-zrors. but comparatively fea Republicans. Oc-
-ssto1al conversations between Senators on the
Republican side caused Mr. La Toilette 20 discon-
---ue the reading OF his speech on one occasion
marked IF there Is any comment on my re-
1larhs / would be glad 20 have them made SO
audible -ha+ I can hear them"
This : not the first time IN the history OF leg
station" he said. that the chairman Of the Com
-0i-es o. Finance has brought in propositions. by
rzec7Iti.e decree work railroad bonds into the
T~ras1ry Department bearing upon the hnan-
r-s- operations of that great department Of the
sg-erlTnent-'
After speaking for more than TWO hours and
-alf Mr.. L. Toilette yielded the fooT with the
statement that he would resume his speech on
Noaday.