The Barre daily times. (Barre, Vt.) 1897-1959, 1910-03-07
PASSES POSTAL
BANK BILL
All Senate Republicans Vote
For il
POSTAL BILL in HOUSE
Representative Lawrence in the Chair.
He Recommends a Williams Class
mate for a Judge
ship.
POSTAL BILL IN HOUSE

Washington, March 1.-THE Republi.
can party, with that wonderful capacity
Cor getting together when in hole,
Saturday afternoon in the Senate passed
the postal savings bank bill by straight
party vote aided BY that Of one Demo
crat Chamberlain Of Oregon. The vote
was, Yeas 50, nays 22 The bin that
vas finally voted on did not materially
differ from that which was under con
test Friday, bit On The last call found
voting for ii were such proeressives A.
IaFollettc. Cummins, Clapp and Dolliver,
and even Hepburn, who have said much
that was caustic against the measure.
The phrase "a per cent" let every body
in, and caused the Senate to adjourn
smiling.
The morning proceedings began with
an attempt on the part Of the pro-
aressives 70 take snap Judgment On their
brethren, the administration group. They
forced vote On the cummins amend
mfnt, which sought to authorize the
president to invest the deposits Of the
postal banks in government bonds only
IN time Of war But the progressiyes
were bowled over The vote on the
amendment was 40 nays and IS yeas.
The Democrats rushed TO the assistance
Of the regular Republicans, and although
the progressives numbered II they found
themselves hopelessly beaten. There
upon came an amendments from senator
Borah to the eject That The postal funds
might be invested Cd times of war and
when the national credit was ii peril, in
government bonds hearing at the least
2h per cent. This amendment in effect
prohibits the investment Of the funds
in the present government per cent.
bonds, and therefore these could not b.
taken MP by the government from the
banks which hold them, should a central
bank Be established through The energy
oi Mr.. Aldrich n trying 70 reform the
nations monetary system
Senators like Mr. Crane. the yigilant
floor leader, at once concluded that there
was no harm in this amendment and
they accepted it and it was voted into
the smoot amendment. 4a 70 Il and next
the smoot amendment was carried 40
yeas to "a nays, the only Republicans
voting n the negative being LaFollette,
McCumber and Bourne. The smoot
amendment was thus triumphautly car
ried. and with the votes If some Of
those who had most strenuously opposed
Il was singular and surprising situa
ton. After al, the principle at the basis
of the Borah amendment IS the same
a that Of the smoot amendment revised.
IF the Root amendment, and is the prin-
i PIE which President Taft said was
necessary to make the bill eonstitu-
tional.
Az matter q fact the real opposi-
sion arose through fear that the original
provision permitting The investment of
.he postal funds in government per
.ent bonds was an aid 10 Senator Aldrich
D bis attempt to establish a central ma.
tional banking system. The progressives
we're hitting at Aldrieh and as soon as
he Borah amendment had eliminated the
1enator al was plain sailing.
It Is understood that Senator Crane
eas IN position also to defeat the
3orah amendment, but, al indicated, no
larm was seen II u and Il was welcome
is II appeased everybody Some either
amendments not essential, were accept