The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-08-29

&sSSS 1~S SSA 4O
reduction; Ihav voted repeatedly and done
ah l could to have passed o bill prohibiting
she use OF tags or premiums In tobacco
packages . measure which was earnestly
desired by the independents tobacco manu-
facturers. l have voted for and done all I
could to have q Law eanctcd permitting
the FREQ salo OF leaf tobacco for tho benctlt
OF tobacco growers. ! VOTE cd for tho Little
| field antitrust bill dsigncd to prevent
trusts and monopolies. | voted for an
amendment to this bill for publicity in the
operations OF all corporations and also for
amendment making violations OF tho anti
trust low whether state or federal. by trusts
or their agents. punishable by fine nnd i'm
prisonment. No man can point to any vote
or action OF mino while In the house or in
tho senate that was not IN favor Of restrain
ing OF oestroying trusts and monopolies,
My record in this rospcct (. consistent md
challenges tho fullest scrutiny. No man can
point to any deroliotion on my point In thi,
respect. With this record In congress.
"hich cannot be disputed. those transactions
with which It Is sought to mako me q subject
OF criticism. fade into insignincenco. NV
opponent beses his charges In this matter
upon the alleged improperly OF my pur-
CHASING theEo stocks whilo I was q member
OF the ways and means mint Of con-
greas before which legislation affecting this
company might have come. I have shown
snat those purchases were mode when con-
8ress was not in session and no LEGISLATION
WIS pending or contemplated. 1 also wish
70 say that what l posseas OF worldly goods
which after the paymen OF what I owe. Is
not o very largo amount. Ia invested In real
este. a home and tho balance almost entire
~ In local Investments In DanvIlle and
PltnylVania county. / do not own any
Investments OF any kind or character
whatsoever In any company which could
DC considered. even remotely Al part OF or
In any way connected with any trust.
combine or monopoly.
But in this matter as In ali other charges
made BY Mr. Glass he puts himself in a
worse position than that in which he has
sought to place me My transactions were
ten years ago Let US see what Is the present
dcplornble condition OF Mr. Glass according
TO the STANDARD OF propriety set UP by him
Hlr GLASS stodsya director in the American
National Bank. OF L~ynchburg Under tho
Law he Is necessarily a stockholdcr I am
informed that he is u large stockholder Mr.
Glass Is o member OF the banking and currcn-
cy committee of the house OF Representatives
nna nos been q member OF this committee
since 1902 To this committee Is referred
all bills Affecting national banks Thi. COM
mittee considers and reports upon all bills
affecrting the deposits of the United States
government In National banks: all bill
affecting tho securities required 70 be given
by national banks to the government for
deposits To II Is referred all bills affect
Ing the issuance OF currency by the national
the issuance OF currency b. the national
banks. This committee is entrusted with
the confederation OF all matters relating TO
currneyc and banking Any change OF the
law affecting the examination OF national
banks would necessarily go to thie COM
mit1ee. This committee has recently oor-
sidered laws permitting national banks
TO issue currency up to the pnrvalue OF tho
bonds deposited as security The yreelaud
currency bill was recently considered and
acted upon. and the committee also recently
considered and reported the bill! permitting
other than government bonds to be used a ,
security by the national banks for their
currency issues. Recently the mi
considered and reported the Law governing
Trans made by national be nks. At the next
session OF congress IL will consider and
nave 10 pass upon the proposed change in
our banking and currency system as recon-
mended by the Aldrich monctnr- a~1mis-
sion. This will be the most luz; rtant
measure affecting national banks has
Men considered in a generation. AS a
MAniber OF the banking and currency com
mittce, he could be very potential in In
cucing the treasury department TO grant
favors to his bank in the way Of deposits
ana other matters. Yet we witness tho
amazing spectacle OF Mr. Glass. a director
ana STOCKHOLDERS In the American National
Bank OF L~ynchburg. and q member OF this
committee which II il so powerful In the settle
nlent Of all these important questions af-
fecting national banks. Yet he hos the
audacltr to criticise me for purchasing
some stock while congress was not I'm ses-
sion. and no legislation was pending or
contemplated and this more than ten years
ago. II my action in this matter rs stated
by Mr.. Glass is an improperly, his position
ID q political Crime Everything portends
that the greatest political fight in the future
in this nation will be In reference. to the
reform OF our present system OF banking
and currency ! The fight will be made that
the currency OF this nation, which is It's
hie's blood. shall 90 controlled In the in
terests OF the people and not for the benefit
OF the national banks All other fights
Of a political character fade into lnsis-
nif!cance In comparison with them.
The greatest trust in America today Is tho
money trust. In this fight ut present Mr..
Glass occupies the inc onsistcnt position OF
q double-trustee. AS a dir ector in the AmcrI-
can National Bank of Lynchburg, he is a
trustee OF Its stockholders to take care OF
their interests as best he can. He Is a
stakeholder in this bank also. As q repre-
sentative in congress from the Sixth dts
trict and n member o. the banking and
currency committee. he is b trustee OF the
people to take care of their Interests as best
he can. Which trust will he faithfully
fulfill? The Scripture says; "Ye cannot
serve two mestcrs."
VIII he serve tho people in their desire
for currency reform. or will he. as o director,
serve the stockholders OF his national bank?
This is an irreconcilabie position that can
not be defended by anyone. II he will
practice the professions ne breaches, no
will resign his seat In congress.
"yindictive and Malicious"
Last Friday night Mr.. Glass furnished
further evidence Of the desperate. rndicttve
and malicious character of his camnaign
against me. He saw proper to resurrect
n SANDER which had been previously, used
against me In q congressional csmpaiun
end also in ms campaign for governor. in
which | was elected. This s,ander. which
was circulated in both these elections. was
rcpudiated by the people overwhelmingly
and increased my majorlties. 1t WINS
answered completely and satisfactorily 70
everybody. 1t consisted only of the fact
that $50 members OF the house and senate.
including myself. had In the usual course