Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1912-02-25
Banking Committee Restricted II
Matters Within Jurisdiction.
PUJo PROMISES FAIR PROBE
Chairman Says Investigation Will
Be Complete and Effectual.
TWO MORE INQUIRIES COMING
One Branch of Investigation VIII
Cover Possible violation of sher-
man law and Another Rail-
road Monopolies.

WASHINGTON, Feb. 2L--An investiga-
t,on to determine whether there is a
money trust in the United States. oper-
ating through or in connection with the
national banks. was ordered by the house
today by vote Of 30 to s.
While republican regulars and insur-
gents protested that the inquiry as pro-
posed was a sham" and a "delusion. I"
the democratic forces united in support
OF compromise money trust resolution
and succeeded In securing all but eight
republican votes in its support.
Another branch of the investigation TO
cover any possible violation Of the anti
trust law was announced during the
course OF the debate BY Chairman Clay
ton Of the judiciary committee. A third
resolution for investigation OF railroad
monopoiies was presented by Adamson Of
the Interstate Commerce committee.
These are expected to form the basis for
the second and third branches Of the
great investigation Of financial. trans
portation and Industrial affairs.
Democratic Row Avoided.
The threatened split In the democratic
ranks, due to the refusal OF the party
leaders TO support the plan Of Representa-
tive Henry OF Texas for special investi-
cation committee was avoided by COM
promise resolution prepared by the rules
committee. OF which Representative Puio
Of Louisiana Is chairman. 10 make fun
Investigation OF banking and currency
conditions. including all matters touched
! on in house resolution No rs within the
jurisdiction OF said committee"
This direct reference TO Mr.. Henry's
original resolution. which specified many
charges on which Wall street. the railroad
financial groups. the large financial con-
Germs and other financial powers which
are alleged 10 have conspired to control
Industrial and financial affairs. was ac-
cepted by the Henry and Bryan forces
Of the house as an adequate concession.
Republicans Denounce Bill.
The republicans, regulars and In
surgents alike. denounced the compromise
resolution as failing to carry out the
original declaration Of the democrats for
a money trust Investigation. Representa-
tive Norris Of Nebraska and Representa-
tive L.enroot OF Wisconsin. insurgent lead
ers, Insisted that the restrictions placed
on the banking and currency COMMITTEES
by the words within the jurisdiction Of
said committee would prevent It from
making any sweeSing inquiry and would
prohibit II from ipQuiring into the
operations OF the New York Stock ex-
change. the New York Clearing house or
the shifting OF money reserves by private
parties TO meet alleged demands Of
financial interests.
The united democratic forces carried
Mr.. Henry's motion for the previous
question after two hours debate by q
vote OF 10 to lo6
This was the point at which the demo
cratic split had been expected. Only
three democrats. Diffendorfer Of Pennsyl-
vanla, Gray OF Indiana md Thayer Of
Massachusetts, opposed the resolution,
which had the effect Of cutting off ell
amendments and stopping all debate All
OF the republican insurgents fought for
an opportunity to amend the resolution
and broaden the scope Of the inyestiga-
ton.
Eight Vote Negatively.
On the final passage OF the resolution
the eight votes cast against It were
those OF Representatives Austin, Ten
nessee. Cannon. Illinois; Daizen. Penn
sylvnnia; Gflett. Massachusetts,; Higgins.