The Barre daily times. (Barre, Vt.) 1897-1959, 1912-02-26
Bill Adopted By the House Sat
urday By 27O to 5
DEMOCRATS ARE BACK OF IT
Republican Regulars and Insurgents Pro-
tested That Inquiry Was Sham, But
Nearly All of Them Finally
Voted for 1t.

Washington, D. G., Feb. 26.-An inves'
tigation to determine whether there is a
money trust in the United States
operating through or in connection with
the national banks, was ordered by the
House Saturday by vote of 270 to 8,
While Republican regulars and insm-
gents protested that the inquiry as pro
posed was a "sham" and "delusion,
the Democratic forces united in support
of compromise money trust resolution,
and succeeded in obtaining all but the
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 an investigation OF rail-
road monopolies was presented by Chair.
man Adamson of the interstate COM
merce committee. These are expected
to form the basis for the second aud
third branches of the great investigation
of financial, transportation and indus
trial affairs.
The threatened split in the Democratic
ranks, due to the refusal of the party
leaders to support the plan of Repre-
sentative Henry of Texas for special
investigating committee, was completely
avoided by a compromise resolution pre-
pared by the rules committee early in
the day. 1t instructed the banking and
currency committee, of which Represen-
tative Pujo of Louisiana is chairman, to
make full investigation of banking and
currency conditions, Including all mat
tiers touched upon in House resolution
number 430 within the jurisdiction OF
said committee.
This direct reference to Mr.. Henrys
original resolution, which specified many
charges upon which Wall street, the rail
road financial groups, the large indus
trial concerns and other financial powers
are alleged to have conspired to control
industrial and financial affairs, was &C
eepted by the Henry and Bryan forces OF
the House as an adequate concession.
The Republicans, regulars and insur.
gents alike, denounced the compromise
resolution as failing to carry out the
original declaration by the Democrats
for an investigation of the money trust.
Representatives Norris of Nebraska and
Lenroot Of Wisconsin, insurgent leaders,
insisted that the restrictions placed upon
the banking and currency committee by
the words "within the jurisdiction Of
said committee" would prevent it from
making any sweeping inquiry. and would
prohibit it from considering the opera
tions of the New York stock exchange,
tho New York clearing house, or the
- ting of money reserves by private
parties to meet the alleged demands OF
financial interests.
The united Democratic forces carried
Mr.. Henry's motion for the previous
question after two hours debate, by a
vote of 10 to LOG. This was the point
At which the Democratic split had been
expected. Only three Democrats, Repre-
sentative Difenderfer of Pennsylvania,
Gray Of Indiana, and Thayer of Massa-
ciusetts, opposed the resolution, which
had the effect of cutting off all amend
ments and stopping all debate. All Of
the Republican insurgents fought for an
opportunity to amend the resolution and
broaden the scope of the investigation.
On the final passage of the resolution,
the eight votes east against it were those
of Representatives Austin of Tennessee.
Carnon of Illinois, Dalzell OF Pennsyl-
vania, Gillett of Massachusetts, Higgins,
Tilton and Henry of Connecticut, This
tlewood of Illinois, all Republicans.