The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1910-03-13
SOME REAL, LIVE
WASHINGTON GOSSIP

shaft after shaft of accusation, but his
challenge went unaccepted.
1T has been my steadfast intention"
declared Senator Gore upon arising,
TO vote for this measure upon its
final passage. I had intended to sup
port the bill until it received at the
hands of the senator from Utah Mr..
Smoot) a hypodermic injection Of con-
stltutiopality. 1t is passing strange
perhaps I should add it Is wondrous
pitiful-that when this measure was
desirable It was unconstitutional, and
when 1t becomes constitutional 1t is
undesirable. But the senator from
Utah has experienced another super
natural illumination. For my own
part, I am unwilling to follow this
ignis fatuus; I am unwilling to follow
this will-o'the-wisp; not from the
marshes, but from the mountains.
Mr. President, l had qufeted my
questionings and had resolved to vote
for this measure. because it was al
legged that it would confer benefits and
blessings upon the poor Of this coun-
try. The poor have too seldom been
the direct beneficiafies of our legislar
ton. | marveled at the tender solici-
tude which had suddenly sprung UP in
ance always abide with u.s.
But | now believe that the object,
that the purpose of the pending bill, is
to neceSSitate and to create n central
bank il the United State. This con
clusion is based first upon the circular
issued by the National City Bank of
New York ,recentlr read 10 the senate
by the senator from Iowa (Nir Dol
Ever. This conclusion Is confirmed
by the fact tia the principal cham
pion Of central bank in the senate
and in the United States (Senator AL
dYichJ wa3 hostile 10 this measure one
year ago. lie is a man of matured
Judgment and fixed convictions. The
reasons which have wrought this
change in his convictions or, at least,
in mis- tactics have not been submitted
to the senate. Where is Roderick
now? (Referring to Aldrich's absence.
The Rhode Island boss is generally
conveniently missing when Senator
Gore is expected to speak,. Did he
tMr. AldMch1 Imagine that his pres,
ence would excite, or that his absence
would allay, suspicion?
There are two obstacles in the way
of central bank: First, the hostility
of the people, and, second, the hostil-
ity of the bankers themselves. This
measure postal bank bill) is designed
to placate the one and to overpower
the other. It comes in the guise Of
friendship for the poor But again,
Mr.. President. as so often in the past,
the poor man is called upon to ad-
minister the poison unto himself. /
marvel not that the poor are again to
be crucified, but ! protest that he
should again be betrayed by kiss.
Fl am unwilling to contribute to the
establishment of central bank, either
directly or indirectly. We once had
bank of the United States vested with
the power of issuing notes, but not
vested with a monopoly upon that is
sue, and, sir, that institution domi-
mated the finances of the country, de-
bauched legislation, and threatened
the liberties Of our people. But that
institution could not compare with the
power of the one now in contempla-
ton. j desire upon the very threshold
to protest against this measure, and
to protest against every other measure
which has, directly or indirectly, for
it's motive or its object the creation of
a central bank which will be crowned
as the financial dictator and despot of
this republic.
II cannot vote for this measure
since It has been converted from a
buckler for the protection of the peo-
pie into a guillotine for their destruc-
ton"
Since Senator Cores speech and
since the passage of the postal bank
bill by the senate, the belief has be-
come general in Washington that the
measure is to be subjected to further
iugglery to suit Senator Aldrich
Changes satisfactory to Wall street. it
is predicted, will be made either in the
house or in conference. Otherwise the
bill will probably not become law at
this setsion.