New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-03-04
D0LLlVER'S ATTACK
CRITICTSES NR. TAFT.
Sees Step ToUard Central
BaaL ia Postal Plan.
iE--,i-, re Trih:,.,e E.resn. !

with tfle policy OF the Ultr3-inSUTSeEtS To
rl6icgle the Taft administration and make
4 appear that tire President has turned
his hack on progressive legislation. Tho
teile5 criticisms of the iowa Senator, who
is. one - tie most entertaining speakers
ia Congress. wee greatly enjoyed oy the
Democrats, Who recognized ir them the
clio .Slvsn argument as 10 the enormous
profits made bH national banks on bond
secured circulation
Senator la Toilette. who is always glad
- lend 2 helping hand 10 the Democrats
when any Republican, in high position is
being attacked. heamed his approval of Mr..
Delivers remarks while two Wisconsin
Representatives. ~ha are followers o. La
folieFrs smiled tbeir assent
7 was apparent that ;he Iowa Senator
had two main purposes II his mind in
making Ibis speech First. il gave him an
opportunity la foundation fer criti-
cisnn &C the plan - tne National Monetary
Commission 70 recommend .le esta blish 81
= central hank II, 10 The time OF the
"oriiGa;ion o Senator cLmnlinS in the
lc~s primary Sir. noil.ver among the
etaneheSr OF ;re resuIass or the RepuDli-
ear side l. is generally understood. how
ever, that difference with Senator Aid
rich. which grew into the bitterness Of =
feud. was responsible for much Of Mir
cent Taft's support % that bill and his
refusal 10 intrust his legislative pro-
xrsEnn1e 70 A combination of Democrats
and insurgents further stirred the ire of
Senator Dnlliver. but IL was not until to-
cav that he gave public expression TO his
feeling.
NJ. 0oiIi1er took advantage of the de-
late on the postal 80 wings bank bill Ia
MAKE : Gear that the tariff bill did not
marx tire confines OF his Insurgency. The
Vows Senator was not enthusiastic about
postal savings repositories as a general
proposition. INT if postal savings bank
isw was to he enacted he wanted its Ian
EHase 50 clear and specific that its pur-
sroSes might he known TO all men The
constitutional arguments made against the
SiE had little weight with him he said
foe re was convinced that under the con
stifutional grant of power 10 esta hlish post
offices and posi- roads Congress had ample
setlnfity 20 establish postal savings de-
restores
Then III Do1iiver took ~ President
asfts Milwaukee speech in favor of pos
fei savings banks. directing special at
feHtion 70 thai portion OF the President
remarks in which lie suggested that the
postal funds could lie invested in United
States bonds. he scofed al the sls-
=cSticn that thc government had foated the
rer cont bonds AZ par by getting the
hanks into corner and forcing them to
huv these bonds to secure their cfrcula-
zion. The President referred 70 this trans
acton - = mild sort Of hunCo game on
The psr; - The government. Mr.. Deliver
szii that instead % the banks being bun
coed tho government had been buncoed
To- tite banks had nrofited greatly by hav-
tn those bonds
~. =. o,,. ..,..a,, 81 -. - -. ~.
H.. So, -, - [-.-.-,-
r., - -, =, -,
80. r,s,p ~ " vi. 81. =, -,
u .-,,1,- ,,- -.,...- 49,, -, -. ~.
Al -. a.. -, -, -.
So =, -, f,,,',s,7 - IT., S.,.a-.a
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Sirc-tso7 nr = --nt-a, hank He declared
a.. ,,,,,,t,--. -, So. -. =. -
,-,-,.- p. - - =. - ~. -, =
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., .-s-a,,. .,,-a. ,s,, ,,asL,z md rsrso roos
"a Levin - .,,,,,t,,- LEU, 5,,s, -,
49, ..,-...- g. st...f- 80 .r.o ,,Io. 90. -.
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80 80, I'D. 30 -. r-,.-,r-.,,,,....
vote 20 De iaEen 'o-oay-
tn" postal savings bank bin WAS before
the senate a. da.. At 80 recess was
taken un'il is" tomorrow, when final
vote ou th" passage ~ the hill viii he
taken. Various amendments. most Of them
- minor Importance. were adopted to-day.
The only amendment over which there was
7nE serious contention was offered by
Senator Cummins- This amendment. which
struck ont tho provision Tor the creation
- reserve. was adopted. IS to 81 II
received The votes ~ all The Democrats
end % Sonstors Bevcridge. Borah. Brown,
Purkett. Burrows. t!app. Crawford. Cum
Minis Dixon. po'lver. Gamble. Jones. La
Fa1iefte. NcCUnhcr. Sutherland and War
nor. Republicans.
An smcl.dnout bv Mr. IIeyhuru requir-
inr I,oy4sl deposits 10 10 kept IN = separate
fund ~ banks and not lent for a period
loneer han ninety dos was defeated with
o,u 6 roilcaIL
SHORTLY before tho recess senator Smoot
e~ored hie compromise amendment. which
provide that when IN the judgment o,
fle President. ~, 81 any other cNeencv
involving The matt nal credit may require
postsl deposits NAV bc invested in GOV
.5-i.n7crr bonds Al. Cumnns offered y
s.rs,rt.r,i,e limit fne ,he investment Of post
. deposits in government securities To
-:rin-e II var" senator Smoot announced
;h7i ne v-orIi.. speak tomorrow on MS
,.,s.rs r,ro, i,frc 10 =