The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-08-29

discuss and pass resolutions as to
what they conceived tn he their in
terest. and l Invariably endeavored
by vote and actions to have these
requests and resolutions enacted into
law. This was my course, and | re-
peatediy received from these assooia-
tions resolutions of thanks for my
continued and loyal suppo.< of their
interest, and my efforts to have their
desires enacted into law. Neither
the tobacco growers nor the indie
pendent tobacco manufacturers have
ever criticised me. They have in
variably thanked me for my efforts
In their behalf. ] feel sure that
these organizations will bear willing
testimony to these facts.
Letters OF Endorsement.
Indeed | have already received let
tiers from Independent tobacco manu-
fatturets. cOndemning Mr.. Glass toi
his charges, endorsing my course IN
Congress and assuring me Of then
continued Confidence and Supporr
] have invariably opposed the in
crease of the internal revenue tax
upon tobacco. because | thought that
this tax was an unjust burden and
Injurious 10 the tobacco growers and
independent tobacco manufacturers.
When this tax has been increased,
have voted and worked necessarily
for its reduction. | have voted re
peatediy and done all / could to have
passed a bin prohibiting the use of
tags or premiums in tobacco pack
ages. a measure which was earnestly
desired by the independent tobacco
manufacturers. / have voted for and
done all could to have a law enact
ed permitting the Tree sale OF leaf
- IA he a
growers / voted for the Llttleheld
antitrust bill designed 10 prevent
trusts and monopolies. | voted for
an amendment TO this bill for l>ub-
LEFTY in the operations of all cor
poratious and also for smendmen
making violations of the antitrust
laws whether State cd Federal. by
trusts or their agents, punishable ny
fine and imprisonment. No man can
point To any vote or action of mine
while in the House or In the Senate
that was not in favor of restraining
or destroying trusts and monopoliea.
Ny record in this respect is consistent
and challenges the fullest scrutiny.
No one can point TO any derelictson
on my part in this respect. With this
record In Congress. which cannot be
disputed, these transa ctions with
which 1t is sought TO make me sub
ject Of criticism, fade into insignii-
canoe. Ny opponent bases his charges
In this matter upon the alleged i'm
propriety OF my purchasing these
stocks while | was a m Der of the
Ways and Means Committee OF Con-
gress before which legislation affect
ing this company might have come.
/ have shown that these purchases
were made when Congress was not III
session and no legislation ~ $ pend
ing or contemplated / aiso wish
to say that What / possess of worldly
goods, which after the payment Of
what ] owe, is not a very large
amount. IS invested In real estate,
home. and the balance almost en-
tireiy IN local investments in Dan
vile and Pittsylyania county. do
not own any investment of any kind
or character whatsoever In any com
psny. which could he considered. even
remotek as part of or in any way
connected with any trusts combine
, OF monopoly.
Postticn ~ Glass.
But in this matter rs in all other
charges made by Mr. Glass. ne puts
himself in a worse position than that
In which he has sought TO place me.
Ny transactions were ten years ago,
Let as see what Is the present deplor-
a Die condition AZ Mir. Glass according
TO the standard of propriety set mp nay
nina Mr.. Glass is to-day a director
in the American National Bank Of
T.ynchburg. Under the law. he is nee
essariIy a stakeholder. ! am informed
that he Is large stakeholder Mr.,
Glass is 3 member of the Banking
and Currency Committee OF tA-a- Ht11Is 8
81 Representa- lYeE, and has been a
member OF this committee since 1909
IL l.. 10
affecting national banks. This com
mittee considers and reports upon all
/ bills affecting the deposits OF the
! L aited States government in national
! banks, alt bills affecting the securi-
4 ties required II be given by national
b banks to The government for dalbslts.
To II Is referred att bills affecting the
issuance Of currency by the national
banks, This committee is entrusted
Win the consideration Of all matters
relating to currency and banking Any
/ change Of the law affecting the exami-
nation ~ national banks would nee
essarilS go TO this committee. This
committee has recently considered n
bin permitting national banks to issue
currency zap to the par value Of the
bons1s. deposited ar security. TINS
Nreeland currency bin was recently
considered and acted upon. and thu
committee also recently considered
and reported the bill permitting other
than government bonds to be used ii.
security by the national banks for
their currency issues. Recently tht
. committee considered and reported
upon bills in reference TO the Law
governing loans made by nationa
-hanks--At /; he-aaxt- session az -Gar-
gress 1t will consider. and have to pas.
upon the proposed change in ,olli
banking and currency system q,
recommended by the Aldrich None
tary Commission, This will he tn,
most Important measure affecting ma.
tional banks that has been considered
in generation. All these bills are o,
vital Importance to Mr. Glass bank
AS member of the Banking and Cur.
rency Committee he could he very
potential in inaacing the treas tTrss--ti 2,
partinent To grant fayors to his banL
> IN the way of deposits and other mat
tiers, Yet we witness the amazina
spectacle Of Mt. Glass. a director snf
4 stochhoidar in the American Nationa
= bank OF Lynchhurg a member OF tht,
+ committee which is SO powerful II
the settlement Of all these inportau
questions affecting national banks
Yet he has the audacity to CRITICS,
me Tor purchasing some stocks Will,
congress was not in session. and n,
legislation was pending or contern,
plated, and this more than ten year,
t ago. II my action in this matter a.
stated by Mr. Glass, In an impropriet,
MS position is political crime
a