Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-25
MAKES FORMAL BOW AT TER MONEY TRUST
)Scar Underwood Enters the House Decides to Make
Presidential Race. Thorough Investigation.
OPENS HIS HEADQUARTER VOTE ALMOST UNANIMOUS
Bnkhead Declares Republicans Both Factions How
Will Be No bareback. ever Call Inquiry Sham
ANDIDATE UNTIL THE FINISH DEMOCRATIC FORCES UNITED
abamean Compromise Effected Whereby Split
orda md Resort to No Vas Avered-Probe N Hands
Unfair Tactics OF Committee.
House Decides to Make a
Thorough Investigation.
VOTE ALMOST UNANIMOUS
Republicans of Both Factions, How
ever, Call Inquiry Sham.
DEMOCRATIC FORCES UNITED
Compromise Effected Whereby Split
Was Averted-Probe in Hands
of Regular Committee.

An Investigation to determine whether
there is money trust" in the United
States, operating through or in connec-
ton with the national banks, was ordered
by the House yesterday afternoon by
vote of 27O to s. While republican resu-
lars and insurgents protested that the in
quiry as proposed was sham and
''delusion," the democratic forces united
in support of compromise money trust
resolution and succeeded in securing all
but eight republican votes in it's 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. third
resolution, for an investigation of rail-
road monopolies, was presented by Chair
man 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, transportation and industrial
affairs.
Avoid Split by Compromise.
The threatened split in the democratic
ranks, due to the refusal of the party
leaders to support the plan of Represen-
tative Henry of Texas for a special in
vestigating committee, was completely
avoided by a compromise resolution pre-
pared by the rules committee early in the
day. 1t instructed the banking and cur
rency committee, of which Representative
Pujo of Louisiana is chairman, to make
a full investigation of banking and cur
rency conditions, including all matters
touched upon in House reso ltion No. 4O5
within the jurisdiction of said COM
mittee."
This direct reference to Mr.. Henry's
original resolution. which specified many
charges upon which Wei street, the rail-
road financial groups, the large industrial
concerns and other financial powers are
alleged to have conspired to control in
dustrial and financial affairs. was ac-
cepted by the Henry and Bryan forces of
the House as an adequate concession.
The republicans. regulars and insurgents
alike, denounced the compromise resolu-
ton as falling to carry out the original
declaration of the democrats for a money
trust investigation. Representatives Norris
of Nebraska and Lenroot of Wisconsin,
sfrtetien placed upon the banking and
currency committee by the words, with
in the jurisdiction of said committee
would prevent 1t from making any sweep
ing inquiry, and would prohibit 1t from
considering the operations of the New
York Stock Exchange. the New York
clearing house or the shifting of money
reserves by private parties to meet al
legged demands of financial interests.
Three Democrats Voted No.
The united democratic forces carried
Mr.. Henry's motion for the previous ques-
ton. after two hours debate, by vote
Of ITO to 1Oa. This was the point at which
the democratic split had been expected.
Only three democrats-Representa
Difenderfer of Pennsylvania, Gray of
Indiana and Thayer of Massachusetts,,
opposed the resolution which had the
effect OF cutting off all amendments and
stopping all debates. All of the republi-
can 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
cast against 1t were those of Representa-
tives Austin OF Tennessee. Cannon of
Illinois. Dalzell of Pennsylvania. Gillette
of Massachusetts. Higgins. Tilsen and
Henry of Connecticut, and Thistlewood
of Illinois. all republicans.
This investigation will be complete,
fair and effectual." said Chairman Pujo
of the banking and currency committee.
in reply to charges by the republican in
SurgentS that the resolution did not give
the committee sufficient power.
If it is found that the committee has not
sufficient authority, we will come back to
not be an investigation for the yellow
press nor one in the interest of one class
Of fnanciers as against another
Charges DemdErets With Dodging.
Representative Campbell. republican
member Of the rules committee, declared
the democrats were trying to dodge the
real money trust investigation which
they at first favored.
Representative Vreeland, republican,
New York, member of the national
monetary commission, favored the resolu-
tion and the proposed investigation. for its
educational effect" He declared Wall
streets monopoly was natural one,
given by New Yorks superior population
and wealth.
Republican Leader Mann also favored
the resolution. but declared any assault
by the House upon business or financial
credit might be followed by ruin and
disaster" in the business world.
Representative Lindberg, republican.
Minnesota. author of tie original money
trust" resolution upon which the so-called
Henry resolution was finally framed. de-
clared there was no disposition on the
part of any one to make an investigation
that would disturb financial conditions or
bring discredit upon any persons"
"Real Fight" in View.
1.-The real fight is to throw light upon
the great issue new before the country,
the Aldrich currency plan," declared Mr.
Lindberg.
Representative Hefiin of Alabama. in an
attack upon republican investigations Of
corporation affairs. declared former Secre-
tary Cortelyou Of the Department Of Com
merce and Labor had gone to tie cor
porations to investigate them with a
badge on his coat marked republican
campaign committee
"He said I came to investigate you.
and they said. How much do you want? :"
said Representative Helm.
MURDERED AND ROBBED.