Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-03-28

In accepting this amendment MIR. AL
drich stated that he had not time tn
consider the amendment fully but was
in sympathy with its general purpose.
He said it could be perfected In confer
ence.
The proposition 10 insert a provision
for a government guarantee of deposits
in national banks was the subject OF
an extended debate and was defeated
by IL vote of II to 46. most of the
democratic vote being against the pro-
posed amendment
Another amendment offered by MI
LaFolettc prohibited loans by nation
al banks to its officers or to any cor
poraton the majority stock of which IS
owned by the officers of the bank III
was rejected, as also was an amend
ment by Mr. Nelson of Minnesota pro-
viding that no officer or employe oil Il
national bank shall be a member or u
stock exchange or engaged In buying
or selling stocks or bonds on com
mission basis.
BaiIey's Bill Rejected.
An amendment by Mr. LaFollette to
punish by from one to five years inn
any III 'o''i''N
eurities was adopted but was protested
against by Senator Knox as already
provided for by existing law
Senator Teller offered on request or
Senator Bailey of Texas, who was an
sent, the substitute currency bill OF the
senator from Texas, which, ne stated,
WAS in the main similar to the Aldrlch
bill with the difference that 1t provided
for government instead of bank paper,
aud asked for a roll call. The vote was
l3 to AZ against the bill
Before the vote was taken on the
Aldrich bill Senators Teller and john
ston, democrats, explained their rea-
sons for voting for the measure ana
Senator Overman his reasons for OPP
posing it.
Vote on the Bill.
The following was the vote on the
passage of the bill
Yeas-Aldrich, Ankeney Beveridge,
Brandege, Burkett, Burnham. Burrows,
Crane. Cullom, Curtis, Depew, Dick,
Dillingham;. Dixon, Dolliver, dupont
Elllins, Flint, Frye, Gallinger, Gamble,
Guggenheinl, Hopkins, Johnston. (dein-
ocraD, Kean, Knox, Lodge, Long, NC
Cumber, Nelson, owen (democrat),
Perkins, Piles. Richardson. Smith,
(Michigan). Smoot, Stephenson, South
erland. Teller (democraD, Warner,
Warren, Wetmore. Total AZ.
Nays-Bankhead, Borah Crepublican
Bourne Gepublican), Brown (republic-
an). Culberson, Frazier, Gary, Gore,
Hepburn (republican), LaFollette Gre
publican), McCreary, McEnery NC
llaurin. Overman, Paynter, Taylor. To-
tai, Is.
Republican leaders in the house were
very reticent about predicting the
course of the Aldrich bill in that
branch of congress. Speaker Cannon
refrained from making comment and
some of the chiefs of the majority
were equally silent. Enough was gath
cred however. to justify the predlc-
ton with reasonable certainty that
when the bill goes to the house from
the senate it will be referred to the
on banking and currency,
despite current report that jurisdiction
over it might be given to the commit
tee on rules.
If the banking and currency commit
tee should fail to come to prompt
agreement to report the bill either ia
or adversely, it is likely that
a caucus of republican members of the
house will be called to ascertain the
attitude OF the majority. Should the
decision be to support the caucus Will
instruct the rules committee of which
Speaker Cannon is chairman, to bring
in rule discharging the banking COM
mittee from further consideration of
the bill which will then be before the
house.