The Owosso times. (Owosso, Mich.) 1897-1926, 1908-04-10

case the Electric boat won. Most OF
the Lilley charges Rice characterized
as malicious lies.
AT a later session Congressman
LIQUIDS former private secretary, Eden.
boro. made the direct charge that the
boat company had coerced Loud into
supporting their interests by putting
up rival candidate in his district and
then offering to call him off II Loud
would vote their way on submarines.
Aldrich Bill In tho House.
The emergency currency bill intro
duced by Senator Aldrich having pass.
ed the senate by the comfortable vote
of AZ to 16 on March %. the question
Of its fate in the house at once became
of first Importance. The house com.
mittee on banking and currency, OF
which Fowler Of New Jersey is the
chairman and which has currency
bill Of its own, has the Aldrich bill In
hand. Public hearings are now in or
der for one week. AS it stands the
Aldrich bill authorizes the issue of moi
more than $500,000,O00 of currency ia
be issued to national banks upon de-
post by them of state, county or mu
nicipal bonds. the same to be equitably
distributed according to the capital
and surplus of the banks, the banks ia
pay half Of / per cent a month the
first four months and three-quarters OF
1 per cent a month thereafter. One
amendment adopted by the senate was
that all reserve city banks shall hold in
their vaults two-thirds OF the reserves
required by law. Another amendment
of some Importance which was moved
by La Toilette would prohibit banks
from buying stocks issued by corpora.
tons controlled by the officers of the
bank.
A Lineup In the House.
Pursuant to his announced purpose
Of putting the Roosevelt policies, at
least some Of them. up to the majority
of the house, Leader Williams Of the
minority April 2 began a determined
flibuster which lasted seven hours
and kept the house in session till after
10 o'clock. Williams insisted on the
roll call on every motion that was
made. Payne, the Republican floor
leader, denounced these tactics and de-
clared that the majority would do
business in its own way. He proposed
that the house take up the topics in
the presidents message in their or
der and that the message be distribut-
ed, but he would not permit any dis
cussion of the motion. So the roll calls
went on until finally the opposition
was cornered by the closure rules, but
not until the Democrats had forced
their adversaries to vote down motions
in favor of two of the presidents pet
overwhelmingly, to place wood pulp
on the free list and reduce the duty on
print paper and to limit the power Of
injunction. The same day Speaker
Cannon moved resolutions calling for
light on the paper trust inferring that
this might. explain the rise I'm the price
Of paper.
Reflection on Fairbanks Suppressed.
Two or three weeks ago Senator For
aker submitted report bearing on
the question Of Alaskan sealing pre-
pared by Henry w. Elliott, an expert,
in which the statement was made that
Vice President Fairbanks had told a
deliberate falsehood in 1903 when he
sought to defeat the then pending bill.
When this fact came to light the SEN
ate promptly met in secret Session and
recalled the Elliott report, while Sen
ator Foraker made profuse apologies,
as he had not read it at the time 1t was
submitted.