Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-04-03
SENATE REoPENs CASE
PROBE WILL BE MOST
THOROUGH.
REHEARING POSSIBLE
sY NEW COMMITTEE
Hines Will 20 Called Upon To Testify
On Second Hsarins-Wa shin9ton
Watching Developments at Spring.
field With Interest - Governments
New Bond Plans.
Especial Correspondence

Washington, April 3.-If the senate
takes up the case of Senator Lorimer
again and another investigation is had
into the circumstances of his election
there is not much doubt that fight
will be precipItated Of even more bit
terness than the one of last session.
Senators are watching narrowly the
results of the investigation by the state
senate at Springfield. The fact that
a new investigation of the Lorimer case
is a possibility gives great Importance
to the makeup of the privileges and
elections committee. Without much
doubt, the senate committee on COM
mittees will give careful consideration
to the composition of this committee
which will have the investigation into
the Lorimer case in its hands once
more if the senate orders an inquiry.
The old membership of the privi-
leges and elections committee was
badly shattered when the last session
ended Senator Burrows. chairman.
was retired and so were Senators De-
pew, Beveridse. and Buckley. Sena-
tors Dillingham;, Gamble and Hepburn
are the only republicans left on the
committee. On the democratic side,
Senator Frazier, Of Tennessee, has re-
tired.
Senator Dillingham; is the ranking
republican now and will be entitled to
the craftsmanship if ne wants it.
If there is another investigation by
the privileges and elections committee,
it will undoubtedly be more thorough
than the first one. Edward Hines. the
lumber agent, for some unknown rea-
son was not called before the subcom-
nittee Of the senate privileges and
elections committee. He said the other
day that he was apprised Of the desire
of Senators Aldrich and Penrose and
President Taft that Lorimer be elected.
But II there IL new Investigation he
will have to appear. So will Editor H.
H. Kohlsaat, Of the Record-Herald,
tee of the state senate.
That the government has taken an
advanced position in the recent bond
legislation and one which may have an
important bearing on the work OF the
monetary commission Is the view ex-
pressed by the National City Bank Of
New York in Its latest circular.
1t Is pointed out that ever since the
Inauguration Of the national banking
system, all bond legislation has been
directed in favor of bond secured
national bank circulation but with an
authorization from congress directing
that the new Panama bonds be exclud-
ed from the privilege Of being used as
security for circulation, a decided step
has been taken by the government
along the lines now being followed by
the monetary commission.
mo recommendation is likely to
come from that commission" says the
National City Bank. which does not
contemplate the ultimate abandon
ment of bond secured circulation.
and since congress has made the first
move In this direction 1t may be said
that the work Of the commission to the
same end has been made easier"
= This fact was well recognized In
some quarters here when the effort was
being made to get authorization at the
hands of congress for an issue of per
cent Panama canal bonds without the
circulation privilege. 1t will be recalled
that Secretary of the Treasury Mac
veagh and Senator Aldrich collided
over the question Of whether some ar
ranRement should not be made for pro-
tecting the per cent bonds by legisla-
ton to equalize the circulation tax as
between the 2 per cents and the bonds
bearing higher rate Of interest. Secre-
tary Macveagh wanted to equalize the
tax Senator Aldrich did not want to.
What he was seeking to do was to
bring about legislation that would tend
to get rid Of bonds for use as a basis
for circulation. Thus. he foresaw. the
way to central bank such as he plans.
would in part be paved. Without doubt,
when congress put thru the law au-
thorzing per cent bond issue with
out the circulation privilege it was
doing the very thing Mr.. Aldrich want
ed to help along his plan for a central
banking institution.