Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-03-04
DOu|V[R LEADS
ATTACK |j ON ALDR|CH
IoWA's SENIOR SENATOR BITTER
w pENouNcEs MAcHiNA-
TloNs OF SENATE LEADER.
LEADS FORMIDABLE FIGHT
AGAINST POSTAL BANK BILL
Fate Of the Measure Now in Doubt
DoIliver Drass in Name of Taft and
Exposes What He Declares to Be
Sinister Plans of Monied Interests of
the East.

Washington, March 4.-The insur-
gent republican protest against Aid
richism broke loose in the senate with
renewed force yesterday afternoon and
as a result the fate of the postal saw
ings bank bill is in doubt. The insur-
gents, with new allies that have rallied
to their standard, charge that the pos
tai bank bill is being shaped to suit
the plans of Senator Aldrich and the
big eastern fnanciers, and they have
served notice that they will not accept
such measure
With the aid Of the democrats the in
surgents won one victory over the AID
rich organization in the debate and
when the senate took recess until to-
day they appeared to be in command
Of the situation. The regular organiza-
lion was beginning to exhibit an ugly
demeanor and threats were heard from
he -Aldrich camp that if they couldn't
have the kind of postal bank they
wanted they would turn in and smash
the bill.
Ss lowan Leads Attack.
Senator Dolliver led the attack. Be-
fore crowded galleries and an assem-
blage of senators that could not re-
strain their merriment over the satiri-
cal thrusts given the Aldrich crowd
and their Wall street allies. the Iowa
senator scathingly exposed what the
Insurgents declare to the sinister
purposes Of the financial magnates who
seek to control the senate.
AS = climax to his address Mr.. Dolli-
yer lifted, from his desk and spread
out before the eyes of the senators a
bulletin of the National City Bank, the
Standard Oil financial institution in
New York, which disclosed an inti-
mate knowledge OF 'tlle plans OF the
Aldrich Organization.
Il viii read this to you, as you may
Ike to know what is Eoing to happen
in the senate" explained the Iowan. II
find it difficult to find out what is go-
ing on In Washington for the reason
that the key to almost every situation
is hung on a peg somewhere else. l
have found much news in this little
bank circular which, by the way, ad-
vertises in It's last page the advantages
of keeping in touch with the institution
that possesses great facilities for
knowing what is happening and is go
ing to happen in the senate"
Dolliver Reads an Extract.
Then the senator read an extract to
the effect that the postal bank funds
would be invested in government
bonds, purpose which would be ap-
plauded by bankers wishing to have
the government take up the issue of
800, 100000 2 per cent securities now
on their hands.
'.This tells we what have been un-
able to discover from any members Of
the senate" said Mr.. Dolliver. '"This
circular OF the National City Bank is
like a harbinger Of spring. It, an
nounces that the money commission
will make report in year or two
which will deal with a reorganization
Of the monetary system. It states that
the postal bank funds will take up the
bonds which now secure the circulation
Of currency, thus pavink the way for
the central bank favored by these in
terests."
The Iowan said this circular of the
National City Bank was right in line
with the amendment offered by Senator
Root but Withdrawn.
'sWhy was the amendment with
drawn 2" he rthundered. For repair?
am frank to say that prefer the
amendm ent of the senator from New
York to some of the legerdemain that
Is being offered here for Incorporation
I'M this measure The time has come
when plain English must be used by
congress in passing legislation.
objects to delicate Shadings."
Il do not like these delicate shadings
OF the Smoot and other amendments.
prefer the amendment of the senator
from New York, which can not be mis-
understood, rather than others here
that leave us in the dark as to their
meaning. + do not know whether a
postal savings bank bill will be passed
by this congress or not, but ia 1t does,
Its language will be so plain that the
people Of the United States can UNDER
stand it.. There will be no masks and
false faces in the bill"
The senator went so far in declaring
his rebellion against the organization
that Involved President Taft He ex-
pressed pity for the poor bankers who
had taken the $700,000,O0 OF 2 per cent
bonds issued by the government. It
hos been the presidents contention that
the postal savings bank funds ought
to be used to take up the bonds which
hAve been forced upon the bankers by
the government.
Quotes From President Taft.
1T was not long. ago." said Mr.. Dol
liver, that the president Of the United
States, referring to the unhappy sit
tation Of these bankers left with $780,
OOO, 900 Of 2 per cent bonds on their
hands, said it was Just little bunko
game which the government played,
ana It Is necessary that in any legis-
.3ation that comes along we should take
care Of that issue of 2 per cent bonds.
The question Is one which doubtless
viii invoke a great deal of discuss
sion.
WELL exclaimed Mr.. Dolliver, Il
should think It would. It is going to
involve not only q good deal Of discuss
sion IN this chamber and In the house