The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1912-05-18
D|SPOS|NC
OF TARIFF MATTERS

WASHINGTON, May lS.-Senate
leaders are endeavoring to formulate
a plan for disposin gat an early date
of the various tariff measures sent
over from the house.
An effort was made Thursday to OBJ
tain unanimous consent fixing a date
for voting on all of the bills. Senator
Hepburn blocked the plan by object
ing, but the request will be renewed
later.
The senate finance committee has
agreed to dispose of the wool bill next
Tuesday. Senator Gallinger has intro
duced a sugar bill which would retain
the existing duties, but would elimin-
ate the Dutch standard and the diff
ferential.
Senator Smoot announced that he
was preparing substitute wool bill.
In the finance committee the opinion
was expressed that there might be a
radical curtailment of debate and the
only opposition to the program was
voiced by Senator Hepburn, of Idaho.
should be no vote until the next Re-
publican convention, when, he said,
there might be new expression Of
Inv VPhHAoA VI tHC Pdity Ou bdIlA re-
vision. He also contended that action
on the tariff bills shoud be postponed
until after the passage of the appro-
priation bills, nine of which have yet
to be considered in the senate.
Morgan Interests Control Coffee
Market.
The first illustration of the activi-
ties. of the so-called money trust Civ
en- to the house investigating commit
tee Thursday was testimony that three
New York banking institutions--the
National City bank, j. Pierpont Nor
gan & Co., and the First National
bank-lent financial assistance to Bra
I'll to limit the output of coffee and
maintain prices at profitable figure
for the benefit of Brazilian planters
and American and European coffee
dealers.
This testimony came from Herman
Sieleken, of the New York firm of
Grossman e. Sielcken, large dealers
in green coffee. His testimony was
the first oral confirmation given to the
committee.
Mr. Sielcken attributed to the Ma
tional City hank a patriotic motive for
it's investment. He regarded the loan
by the bank as a great benefit to the
United States and said the bank made
the loan reluctantly to exploit trade
with South America.
Mr.. Sielcken was excited at several
points of his testimony. He questioned
the propriety of the committee going
into Brazils affairs, and as for his
own participation challenged the attor-
ney general of the UnitedStates and all
the attorneys of the company to dis
cover any illegality in his action as a
coffee merchant.
Held Of the Market.
Mr.. Sielcken testified that there
were 100000 bags of coffee now be-
ing held out of the market by the val
orization committee of seven, of which
he is a member.
OF that amount, 100000 bags were
in warehouses of the New York Dock
company he said.
would not the price of coffee go
down if this were put on the mar
ketP' asked Representative Byrnes.
emo, it would have no effect on the
market" said Mr.. Sielcken. 'The
big loan by which the valorization
scheme was floated was 100000
pounds sterling. English, German,
French and Belgian bankers took 49,
100000 of it through J. H. Schroeder
of London, who sold to the National
City bank 100000 pounds sterling
This amount was pro-rated between
the Morgan bank, the National City
and the First National.
Mr.. Sielcken's testimony was heard
at this time out of the order original
" planned by Edward H. Farrar and
Mr.. Untermeyer, counsel for the com
mittee, in order to permit Mr.. Sielcken
to go to Europe. Chairman Pujo an
nounced that the future course of the
committee would be determined by
counsel and that no other witnesses
were to be called Immediately.
Panama Canal Bill Taken Up by House
The Panama canal administration
bill was taken up for consideration in
the house this week. Sharp differences
of opinion exists as to the reduction of
tolls to American eoastwise vessels and
the closing of the canal to railroad
owned vessels.
A sharp attack was made on a pro-
vision for establishment in the zone of
coal yards, drydocks and stores for
supplying and repairing passing ves-
sels.. Representative Raker, of Cali
fornia, and Representative Slayden,
of Texas, Democrats, declared the
United States government practically
would be taking up the business of a
merchant.
Near Mexican Influence
Washington has had its official eve
on San Diego and the west Mexican
coast for several weeks past. San
Diego is the city nearest the border of
Mexico on the western coast. On the
Pacific coast OF Lower California,
barren peninsula the Japanese are re-
ported to have secured fishing and 9th,
er concessions covering a strip of
land 700 miles long. From San Diego,
a U. S. army transport has gone to
Mexico to take on board refugees who