Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1912-02-08
OF
MONEY TRUST"
ORDERED
HOUSE COMMITTEES TO
HANDLE THE INQUIRY
Democratic Caucus Adopts
Modified Plan Suggested By
Leader Underwood Sharp
Criticism of Wm j, Bryan,

INV Morning Journal Special Leased wireI
Washington, Feb. An investiga-
ton of the money trust" was ordered
by the democrats of the house in eau
Gus tonight after the Henry plan for
special committee had been defeat
ed 115 to 66.
The caucus then instructed tho
standing committees of the house on
banking and currency, judiciary. in
terstate commerce and elections to
proceed with the inquiry
This action was taken after a spirit
ed debate a feature of which was the
reading of telegram from William
j. Bryan to Representative Henry of
Texas, who led the fight for lnvestl-
CATION bV a special committee.
The telegram follows
Il regard the caucus on the money
trust investigation as a crisis Its re-
suits Will largely affect our chances
in the coming campaign, Please say
to any one who values my judgment
that | am heartily with YOU in a de-
mand for special committee. There
are many objections to an inVcStigl l~
tion by regular committees, but it is
enough To know that Wall street pre-
fers regular committees. We cannot
afford to allow accused parties 20
select this jury Success to YOU II
our party is afraid To offend the
power Of the financial Interests that
have fought US since 1896, we cannot
expect public confidence.
WILLIAM j BRYAN"
The democrats adopted the plan Of
fered by Representative Underwood,
the majority leader, as a substitute
Tor the special investigating commit
tee asked for in the resolution sub
mitted by Representative Henry of
Texas.
sharp criticism of William j. Bry-
an for his imputations that the bank
ing and currency committee leaned
toward the financial interests, ana the
passage of resolution expressing
in that committee charac-
terized the debate
\ roll call, enforced under new
rule, was made public after the eau
Gus Among those who supported the
resolution were Speaker
Clark, Chairman Fitzgerald of the APP
Preparations committee; Clayton of
the judiciary committee, Adams Of
the interstate committee; Pujo of the
and currency committee ana
members Of those committees
Representatives James of Kentuc-
ky, Burleson OF Texas, Moss of lndi-
ana, Raincy of Illinois. and the Bryan
democrats supported the Henry reso-
luton.
Chairman Henry in urging the APP
Dointment of "A special committee made
A vehement appeal. Mr., Henry denied
he was inspired by Mr.. Bryan to de-
mand a special committee. He en-
phasiZed the influence of the money
trust over the capital of corpora
iions, railroads and banks and it's in
huence in national elections ond on
legislation
Majority Leader Underwood made
4 powerful appeal for the adoption OF
his substitute resolution. His plan,
which eventually was adopted, set
forth primarily that all matters of
legislation and investigation of the
character proposed should be COnfin- /
ID TO the standing committees OF the
house and provided specifically that |
he subject submitted for inquiry III |
he Henry resolution be referred re- |
'poctfully to the committee on bank |
ng and currency, elections, interstate |
md foreign commerce and judiciary
Mr.. Underwood said that the in |
cgrity ot the house should be guard |
Il against Interference. Others who
the Underwood substi-
ute broadly stated that Mr.. Bryan
lad tried to force the democratic
congress to conduct AN Investigation
# his own proposal ana in his own
way.
Representative Pujo of Louisiana,
hairman of the committee on bank Z
ng and currency, frankly declared
hat he never was Bryan democrat,
although he had voted for him. Rep
csentatiVe HardWick of Georgia. "A
member of the rules committee. criti-
lied Chairman Henry for taking in
tiatiye action in the matter without
onsulting his colleagues ON the COM
nittce.
Others who declared they "cuvld
lot put on the Bryan yoke Wcr,
tevcns of Mississippi, Glass of Nir-
inia and Garner of Texas.