Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1912-02-13
To |NVEST|GATE:
MONEY TRUST.
Efforts of Democrats Said ITO be
Scattered: Inefficient and With
out ReSvlt.
DISSATISFIED WITH PLAN.
Representative Lindberger says Senate
Committee Investigating Anti-Sher-
man Law Can Cover Money Trust.

Washington. Feb. ia. real,
Thorough investigation Of the Money
Trust is to be undertaken by the In
terstate and Foreign Commerce COM
miltee OF the Senate. according 10
Rep. Lindbergh rep. Mimi. the
author OF the original Money Trust
resolution in the House. today.
Following the defeat in the Demo-
cratic Caucus Of the resolution franz
ed BY Reps. Lndbergh and Chairman
Henry dem. TeN.D of the lous"
Rules Committee. in the Democratic
caucus. l.indbergh declared that the
investigation proposed by The Demo-
Gratis. in The hands of the Banking
and Currency and other standing CON-
mitteeS. would he scattered. inei-
ticient and without effect. DisSat-
isfied with this plan. he Immediately
began negotiations with the Senate
committee Of which Senator Clapp
(Rep.. Mimi. a progressive. is chair
man. This committee is at present
involved in Il general investigation
OF the Sherman Antitrust law. and
Lindbcrgh believed that its authority
would cover AN investigation Of the
Money Trust.
Today Lindbergh asserted his be-
lief that he had succeeded in nursing
an investigation by the Senate COM
mittee. Yesterday he conferred at
length with Senator Clapp. and the
latter decided that the powers Of his
committee arc broad enough 10 war
rant its undertaking the investiga-
ton. He and Lindbergh went over
the text of the original Henry resolu-
ton, and decided that most OF the
il embraced were in the jur-
isdiction of the committee. Chair
man Henry himself, who was beaten
in the Democratic caucus in support
ing his measure. was also consulted
regarding the Senate probe.
ii was decided not 10 risk pressing
a resolution on the floor Of the Sem
ate. but 10 proceed at once TO inres-
tiga1c. This will leave in the air the
resolution introduced jointly by.
Senators Lea Dem. Tenn and Ken
yon tRepn.. la yesterday, calling
for a special joint commission OF six
members of the House and Senate.
II am certain" said Lindbergh to-
day. That the Senate committee will
take up this matter speedily. While
| cannot speak for the committee, and
while il has lake no official action in
the matter. | believe IL is convinced
OF the necessity for comprehensive.
thorough investigation.
Speedy action in the matter was
looked for as a result Of The presence
in Washington Of A. Z. Stilwell. n
promoter. whose plans for building
an independent railroad in The south
ern Middle West have been fought.
he charges, by the interests dominant
in Wall Street He conferred with
Lindbergh, Henry and Clapp at diff
ferent times. and announced that he
was prepared 10 submit evidence of
Importance just as soon as the probe
is begun. Siilwell is president Of the
Kansas Cit. Mexico and Orient Rail-
road.
Although it was believed that
Chairman Clapp himself had power
10 order an investigation by his COM
mittee. progressives today figured
that in the conduct of such probe
they would have the support OF at
least six of the sixteen committeeman.
The two republican progressives'
Clapp and Cummins, Of Iowa, Will
support it. Four democrats are
counted on to approve it-Newlands'
Nevada: Gore. Oklahoma: Pomerene'
Ohio: and Tillman South Carolina.
Clarke, Dem, Ark may also line
up with them. Watson Dem. w.
Va will not. il is believed.
Six republicans are counted as
'standpatters" and certain TO OPP
pose the proposed investigation. These
are Cullom. Illinois,; Crane. Massa-
chusetts: Nixon, Nevada; Brandegee.
Connecticut; Oliver. Pennsylvania:
,Dd ;pDi, Pboda Island