New-York tribune., 1912-02-13


would be passed BY the Senate, but under
tho circumstances the members Of the PEN
s,on Committee believe the smoot bill az
amended will gain the approval OF the oeh.
ate and that the House couferrees VIII
gladly yield to its substitution for the 9ne'
wood measure, although, of course not
without a sufficient show of resistance "
make the desired impression on the ola
soldier
MAY STEAL DEMOCRATIC THUN-
DER.-Some OF the members of the senate
Committee on Interstate Commerce are
giving serious consideration to PROPOSE
tion TO steal the Democratic thundei
nv conducting an investigation of the
money trust" Of their own. Those
who favor this plan believe such an IN
vestigation by the Republicans IN the
Senate would prove a source OF incaicu-
liable embarrassment 10 the Democrats III
the House. especially as William j. Bryan
could not fail to commend the course or the
Republicans Those who are most active IN
promoting this end are Senators Clapp ana
Cummins. and they may be supported Dy
Senator KENYON Representative Lindbergh
scheme. which was so effectively rejected
bv the House. It is argued that inasmuch
as this committee already has an extensive
Investigation OF the trust question under
yav such extension as wao needed to In
clude the money trust could be ehecteu
with comparatively little trouble and eX-
pense. The Senate committee will meet on
February q to consider the trust bills now
before II.
DEMOCRATIC. .INCOMPETE If
seeking 10 prove the truth of the resolu-
ton adopted by the recent Democratic
caucus asserting that most Of the mem
bers OF the Banking and Currency Commit
tee ''are from rural communities" and are
remote from Wall Street influences, the
Democratic members OF that committee ap-
peared before the Rules Committee and
made a striking exhibition Of themselves.
Ostensibly they appeared In support of the
Pujo resolution instructing the Banking
and Currency Committee to proceed with
the investigation OF the money trust
Representative James Daugherty OF Webb
City, Mo, was easily the star OF the farce
Mr. Daugherty declared this job Of tack
ling the money trust" was big thinG.
MIR. Daugherty said he knew, for he was
"a banker farmer" Incidentally, he re-
fcrred TO the Aldrch monetary plan: Mr..
Chairman" he said, 1T will take the aver
age member OF Congress twelve years to
understand this here report Of the None
tary Commission. And that's with all due
respect TO Mr.. Vreeland." Representative
Vreeland. who sat near by. smiled. and the
members Of the Rules Committee laughed
heartily But" added Mr.. Daugherty
"all the Banking and Currency Committee
wants YOU all to say is Go ahead. boys.
and well investigate this here money trust
we've hearn so much about II We be
instructed for 10 make this investigation
a long time. Mr.. Chairman. and heap Of
money. Maybe it'I take 10000" Mr.
Daugherty. who is the David Harum OF
the committee. frankly averred that he vas
unwilling TO proceed with the investigation
unless we get a lawyer" He admitted
that the committee had several lawyers
on Il, but with all due respect TO them !
think we ought to have smart counsel on
a technical investigation OF this here kind"
he ended, amid more laughter. Otner
farmer members OF the committee. con-
fronting the task OF meeting the master
minds OF finance sald that the Democrats
had all decided that counsel was needed.
Mr.. Daugherty announced, passionately.
that the Democratic party was on trial In
the money trust" crisis. and, in his estl-
nation. II would take some able felers''
to 20 after such trust O. G.. H.