The Barre daily times. (Barre, Vt.) 1897-1959, 1912-01-08
The Money Trust Inquiry and
Its Friends
A SURPRISE TO Mr.. BRYAN
The Hill Harrison Bill Concerning Cor
poration Tax-The Statesmen
Are Gather
ing.

Washington, Jan.S.-It remains to be
seen how Col. Bryan when he arrives IN
Washington will like the turn the in
ycstigation of the so-cailed money trust
has taken. He has written letters to
Mr.. Underwood strongly urging that this
be done by the Democratic House, and
the matter has as a consequence taken
on a good deal of momentum, but it
has also acquired a Wall street relation
at which the colonel may shy consider
ably. Financial interests opposed to the
national city hank group have managed
to obtain some direction in this inquiry,
molding its scope so as to be embalTass-
ing to the banking institution and at
the same time, it is said, contribute to
the financial we'll being of certain stock
operating house in Wall street, promi-
nent Boston stock operator being IN
cluded. The services of Mr.. Untermeyer
as the inquiring attorney for the pro-
posed investigating committee have been
offered at a strikingly low figure, it is
said The plan as conceived in the Lind
bergh resolution is furthermore to strike
at the bill Of the monetary commission,
which, if made law, is thought by these
interests to work antagonistically to
their own business. Apparently if Col.
Bryan gets time to do some inquiring
about the investigation, he can learn
some interesting things.
The monetary commission has practi-
cally completed its bill and it will in
elude prohibition of the ownership of
stock by any member of the national re-
serve association so as to control an
other bank in the association. The
plraseology has yet to be determined
upon.
The WAYS and means committee will
take up on Wednesday the Hill-Harri-
son bill permitting corporations TO fix
their own date when they will make re-
turns on the corporation tax. Matters
for the passage of this bill look smooth
except that Internal Revenue Commits
sioner Cabell says that the new arrange
ment proposed viii impose an additional
cost of at least $4,000 in collecting the
tax Considering that the tax collected
amounts to nearly $30,000000 this adj
ditional expense seems trivial. But the
Democrats 10 not like the idea and it
may be just possible that provision for
meeting the additional cost may be
thrown out of the bill, the Senate to
take the responsibility of inserting it,
The Republicans say that they are will
ing to be that extravaganza.
The report from Boston that the Foss
boom is to open headquarters has great
w interested Washington. Il expect |
the BOOM" said Representative Thayer
of Massachusetts, will illustrate here |
the character of Gov Foss, who rides |
on the whrlwind and directs the storm"
The town is becoming filled with the /
Democratic national committeeman who |
assemble next week, and with the states
men attendant upon that meeting and |
those Others who are ready for the |
jackson day banquet. The cold of
Speaker Clark and the fear that it may
develop into pneumonia was ascribed |
by some Democrats as looking serious
because Col Bryan was to be the last
speaker at the dinner. Some cause and
effect was imagined. Meantime the cities
out for the convention are clamoring
about their superiorities.