Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-03-11
MPT TO JAM
RAILROAD BILL
THROUGH SENATE
STRUGGLES EXPECTED TO
RAGE OVER MEASURE
lnSurgent Leaders Declare
They viii Get IN important
Amendments Cubans Are
Charged With lngratitude,
Morning Journal Bureau,
613 Munsey building,


with the postal savings bank hill
through the senate the next important
measure before that body is the rail-
road bfil. About this measure Nill rage
4 struggle in the senate which VIII
be the most animated of The season..
1t viii be much more intens" ~ az
probability thai the Fight over the
pastel savings banks measure.
It is the Intention of the senate
Headers to Jam the rallroae bill
through. as il has aotua from tive ser
alto Interstate commerce eorIE7lttcc.
The bin is to be made he lnfinish Il
business. and il will tccupy the sens
late's attention from tucu ON uatu
passed. except as Incorporation htlls
and routine matters arr taken w. The
debate on the railroad bAl VIII Prob
ably last a month or Il month anu n
half.
The question Is whetlaf ,bo railroad
Bill VIII be forced through as II stands
and aus the president wants ii to pass
or whether the %insureents and dem-
ncrats viii compel its modification
Insurgeut leaders declare they Will bo
able 20 effect important amendments
Already. President TAFT Is angered "
the Insurgents because they forced
notifications in the postal savings
banks bill and did not allow this TO go
through as he advocated. And IN TIM
course OF the discussion on the postal
savings measure there were sharp re-
Elections on the president tE n OF
the insurgents.
This was particularly true Of the
speech OF Senator Dolliver. lie criti-
ciscd the presidents itiets as to postal
savings legislation plainly. That is. he
made light Of the idea Of President
Taft that the postal savings funds
ought to be Invested in government
bonds. senator Deliver held this was
u plan tosuse the savings Of the poor
people to help ont the banks Which
had %speculated in the , per cents. Bur
il is eypected the feeins between the
Insurgents and the president win be
shown much more plainly in the dc
bate on the railroad bill This IS for
the reason that the Insurgents de-
the administration measure IN
full of holes and has many defects and
weaknesses. In fact, they feel the
measure has 4 number Of jokcrs con-.
cealed about it, In the recent minority
report of Clapp ana Cunmins. they
pointed out what they considered q
number OF defects ana did 50 in force
ful language.
one OF the defects IN the railroad.
bill 70 which attention will be called
the floor Of the senate is in the fact
that IL the bill were passed as IL stands
il would permit the Hartman
merger. Al least, this Is the view taken
BY some good lawyers about the Gel
ate. They hold that the bin would
compel the government to drop the
Hartman merger suit, for the reason
that under the proposed law. such H.
merger would be lcgalizcd.
lN1p nogf11 G9Nfplvc hank hil1 nuEga1
the senate by a party vote, save for the
fact senator Chamberlain OF oregon
voted with the republicans and sup
ported the measure. II is not expect
there vii be early action on the bill
by the house, as n appropriation
bills viii be put through as fast as they
come from the committees and Will
have the right of way. But little
doubt is now entertained that the bill
win pass before the end Of the session.
The postal savings bill is not. how
ever, entirely out of danger. \ good
deal hinges ou the late Of the Borah
amendment which tho insurgents were
able TO force into the bill before IL
passed the senate. This amendment
Will have the practical effect Of pre-
venting the transfer of postal savings
funds out OF the communities in
they are deposited. The Borah
amendment, which vas adopted as m
amendment to the SmOOt amendment, |
makes the bin provide that the funds |
may be transferred from their loraii- |
in time of war or eNigency threat |
ening the public credit and be in
vested in bonds hearing interest at not
less than . Ia per cent. But II is
generally realized, so far as present
bond issues are concerned. that the l
only bonds which are available to any |
extent for the Investment of postal /
savings funds would be the 2 per cents