The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-03-06
POSTAL BANK BILL PASSED.
iII az nm RIPI BLHINS AND
on ~ uOG RtI IOTE FOR IT.
Iu,ur ErnI Nm-n,imrWi IIHiiis Inv rsImeal
~ Iun'. q" Hon'I- Paving AZ I.casI
Z =; Prr ruI. -'i~lSl'tSH rhat ThlH
Nr'su,u'rU wa INsapp~ar Later.

d. rs .rr ,.ir. Iui attached t. IL was an
.u-Hrl.r a'nruducnt Which defeats
,,.r 90 o.. purposes for winch President
1aI, ....,umrud,.d th'. enactment of the
D.rl-H." ~" insurgont am sndment.
.r.fr..it. - 10y SENATOR Burah oG Idaho.
H.rrt> th" Investment of postal savings
Ind. Do. Juit.d States bonds paying at
l.,.', u"r "rni interest This OF course.
" Prevent m" uS" 81 the deposits. "a
e.i nv d." President, in taking up the
s.rt'u',su ~ per cent. bonds now
2 I'D hv en-" uaG nal banks a. security
frr 7ryuIuug notes
The insurgents contend that they have
e med q d'.r ded victory IN the passage
- the hhl ~ - present form The r.
ribhcan leaders IN the senate on the other
hand >ay they had votes enough to defeat
the Rorsh amendment. hut that they &C
septed q rather than delay the passage
az the hill and split the Republican vote on
his important m"lsur"
In tho opinion Of tn. organ izatIon
= aders Il WIS most important that Presi-
S.nt Taft should have the substantial
support Of the Repubiican party IN the
S~nate vote ON this bill " VAS the first
hig measure with the exception Of the
psyne-Aldrich tariff law that hs had
urged before Congress: IN" RepuhlicAn
rarty was pledged To u ia the nationaN
platform and To have accepted the hill
on "A harrow margin ct votes would 50 il
was said. have placed the President ia "A
weak position before the country and
would have had a bad effect ON the other
administration measures that are to Ice
81 ken up.
Nobody. he he msurI.nt or regular
relieves that the acceptance IT N. Borah
Ir'rndm~nt has -att l.-i the struEg,.
o.sr ~" postal savings hank hiil IA IA.
S.nat" Both sides regard " apparently
90 &c temporary relief from an unpleasant
.I-uation AMI in he nv. antlnIr the country
v,d b" impressed win IA" fact that the
o. -'sl -.viuEa Iiilh lsil. an Admins
- .tiuu 'rea-ur" N,Dt through with
l.H .oBd R'pui bean ,Ot" ,.Iind II
'' Wis tH" rr-t ,uu". ~ 49,. WAY. th..s
2 BIZ, ma occurred uu IN important nsls,Ir,.
o. ir-"" or four wears. pr since. Ia Fol-
s.fs -ui'rs-i the ~,'nat.
20" .u~urg-u', are convinced that
{ Ini..stiOn l'.ld-r- accepted the !
sIuu irn"u' mrr'lv with IN" mention
. .rruw NC it o,"rhoar! WHOM tie. bill |
zoos 10 conference" N" Democrats
o. eniy charged nu th. f'upr 1T thr S..nats
"-'isy that 'his va, rII'' pulIlo-,. VI the J
= " sd.rS on a." Republican -li, and u
a. u"t dru."d H.. Insurgents have.
accordingly served Dut.n. thai hey viii
tax" up he fight fa'" wi'r r.u,.S.-i en-
rrgy " m at'''npr b. mqd'. tu ,.'u1-s'ulats-
he hill ~ this va
Whatever cApls u'tion the R-publ-
Can leaders mpv ma Se Of rho situation
the fact remains nevertheless thnt the
senate in a., eptiug Tho Bor p amend
nicnt voted ugs m; a rr"position which
Precedent TAFT has strongly advocated.
OF least On tSp occasions. IN public adj
'.e--e-
speaking on postal savings banks IN
Milwaukee when re was on Ms long trp
4 ~rugh thsW.-' l-st fell the President
%. rirterz'd - % -bunco game the
90. r. that the Government took in forcing
I- >iuo.".o.@o 81 ? per cent bonds on
... national INKS
10 BE- ueces-P ry.- he sid. -tfpt IA any
-h.'.on thEt comes tong ~" should
.a-.,rr" II th't .~-rI' 90 TER cent bonds
'E'in u hiS recent speech in New
To- ,rv tho President s.tIi
We have now about S7Op an 1O0 of
% rer cent. bonds with respect 10 which |
~ .N" duty to no" owners To- see that ]
hose Iuuf. may ~ taken care of with I
'..f r-i..lInu below ih- par ViIIe thereof
..' lIi~'' fI'y acre forced upon national 7
.Iuks A. .l- low r5t'" a. order that the /
..b' ~ 'u yui nav" a has,s 81 circulation. I
-Irrpil." litigation ct an" Government I
b.. U"--HI 40. Ug- bank fuuiz would /
'1-.ly ..uGi., % tn most
N" 90, u.ai some pf the Insurgents ,
t." 'rH-.' 100 t.. debates 90 mo senate 1
thai th" poe 81 savings bank bill vas
:. 'Ut"d Zoo '. .," a market f,F these s7OO 70 /
'0' '0 ~ npu1- and that u va- merely !
or - plan r. rocpuctl" the national /
t.rS- tn an" proposition II having a 4
'.utral bank nF r--u.. The other point I
r.r' tH" Insurgents made WA, that the .
ger of 'h" President 10 Withdraw the .
-tal saving deposits should b. limited /
.r"iv 200 tunes 81 actual 2gaTfarr and /
' - the Ndriln .-tration fu~rnS desired. !
vsr times and otn"r "Nlg.ncl..- m !
.' r4a rl'tuual credit may l." involved .
. .I..' r.I" IH-urgeutR gained their point .
- ..Eari o. rU.. .5Un. $50 'a0 81 bond th..v .
rs1":'I 81 d, -.g" defeat on the latter 7
t.HfH'-' 100. Na.rH wac erubo died m the ]
.'d trunuu. amen dneut. This 1
s1I"ndu.Hui WITS IHs' firzi one put To vote 7
snI rdI'tf"d tns. 90" rrganIzatiDn forces 4
b-d t'' situation H"ll M hand The D
sfu-u,ir..'. s.t- d'I"atesl b'' a vote 81 ~ .
." -. uIL' B"'u.a.r.tl" SENATORS voting .
.s,pu-' th" auI.'iaIY'u, With the orGnniza-
.. .. Republican,
i." prul,T'- Vu, voted with the .
I'Iu'I,-u, WON" Davis Il Arkansas.
-'..r - LHuI- .,na. = .iln-tuH 90 Alabama.
~ u"v II N.--i-- sp,. Js"rmln Of .
Nurrh Carolina. Iavut"r uf kentucky. ]
..syu"r n Maryland. summons u North I
ar"lna and ~u'n 0f Maryland The .
l'ruuli'aus Wn" ,."ni Tor the Iummins /
auI"uimeut - agaiu-t 10" Adruni-tra- :
i.u wcrr Bry"ridgr !:nTah Brow n I
B!rActt. thUp. Crawford. Cummins.
Dty"n Doliv'r Gamble. l., Fullett" and !
M flmter