The herald and news. [volume] (Newberry S.C.) 1903-1937, 1908-01-24
allsWer them,

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Tine senator will recall, inter-
rupted Mr.. Tillman, THAT these
questions were asked by his own COM
mittee. I now will give some addi-
tional reasons why we should have
this information forwarded to us. l
have letter from Mr.. Kloberg in
closing a reply ne received from As
sistant Secretary Edwards.
"This," he continued, "may give
some light as showing why the sec
retary finds it so difficult to answer
inquiries We had propounded. This is
the letter giving reasons why he re-
fused to recognize bidders for
| bonds.'
In reply Mr.. Tillman read from
Nj. Edwards his letter: "4ou are ad-
vised that under the reservation made
by the department allotment was first
made to individuals and institutions
for amounts not exceeding $4,000.
The remainder was allotted to the
highest national banks.''
"This was followed, the letter
continued. because it was not deem
ed wise in the currency stringency to
withdraw money from the banks by
making allotments to individuals.
which resulted in putting 90 per cent
of the purchase price in the banks
and allowing them to take out ad-
ditional circulation on the Panama
bonds.
"This circular made no reserva-
ton of bias,' declared Mr.. Tillman.
"This is purely al executive func-
ton and when the facts are brought
out I think they will show that the
secretary Of the treasury utterly dis
regarded the law in MS anxiety,
laubable as it may have been, to
supply currency to New York
against other parts of the country..'
Mr.. Fillman then turned to Mr..
Aldrich and INDUCED in some per-
sonal references to him. He declar-
ed that nothing could have consid-
eration in the senate while the chair
man of the finance committee was
out of the chamber.
Refers to- Aldrich's Influence.
"We have to sit here" he said,
"until his great parsonage comes
through the door"
Mr.. Tillman declared that the Re-
publican side had to await the nod OF
| the chairman Of the committee on fl
nance. "The senator,' added Mr.
Tillman, looking at Mr.. Aldricll,
"knows the great power and lnflu-
ence which he desevedly holds with
the senate and with the country, and
| it is not worth while for him to at
feet mock moiesty. He is too great
a man to have any affection Of any
sort
Mr.. Aldrieh said he had great con
fidence in the secretary OF the treas
ury and did not wish to discuss this
question until he had before him the
statement and suggestions OF th7
secretary. He was satisfied that II
a short time they would be laid be
fore the senate, and he thought the
secretary should be given time to re
plv in the best possible manner. He
was sure the secretary had done
what he thought was best.
Mr.. IiHman disavowed any lnten
tion of saying that Mr.. Cortelyor
had not done what he thought was
best. 'Unfortunately," he said, "ir
this country we find ourselves sub
jected to what appeals to some OF us
as usurpatioa of power.''
| Mr.. Tillman said he mad read II
the newspapers that the department
of justice had given notice that II
would not prosecute the coal carry
ing roads Of Pennsylvania if they de
not obey the Hepburn Interstate
commerce law. In regard to the own
ership of products they transport, 81
think this statement is phnomenal,' .
declared Mr.. Tillman.
Senator Gallinger suggested thai
the law does not become operative
until May l and he regarded the
statement as so incredible that he did
believe it. "It is time the senate
should do little business" said Mr.
Tillman, "o1 its account. We nave
got a doctor in command Of ship
and all sorts of things are going on
|