The Washington herald., 1912-02-02
ACTION
NOW ASSURE D
Democratic Programme as to
Money Trust Will Be on
Conservative Lines.
NO SENSATIONAL PROBE

The money trust resolution, which
Leader Underwood and the other con-
servative Democratic leaders OF the House
will introduce in the party caucus next
wednesday, and which will be adopted
over the opposition Of Representative
Henry, OF Texas, and the other Bryan
Democrats, who are clamoring Tor
sweeping investigation by special COM
mittee OF the House, Is as follows:
whereas, House resolution go (the
Henry resolution proposes an investiga-
ton touching various matters that are
within the respective jurisdictions Of the
standing committees OF the House on
Banking and Currency. the Judiciary, In
|terstate and Foreign Commerce. and Elec-
ton Of President Vice President, and
Representatives in Congress; and
.'whereas the caucus has the utmost
confidence in the Democratic membership
of the aforesaid committees; therefore,
be It
Resolved, That II is the sense OF the
caucus that whatever Investigations Of
the various matters touched upon in said
House resolution $50 may be necessary
shall be made by the standing commit
tees of the House having jurisdiction OF
these matters, and wherever necessary
the House should invest such committees
with ample power TO procure such In
IOrmHIlOn ana MAKE HuGh lhNN1AAkAAAbAA
as may be necessary and useful in the
proper discharge OF their duties in con-
nection with the proposed legislation now
or hereafter pending"
Standing Committees Sustained.
This resolution means in effect that
the Henry resolution, with its hodge
podge of subjects, running from politi-
cal contributions by interstate carriers
to the most delicate credit transactions
of the banks of the country. is to be
split UP and referred 10 the several
standing committees of the House, un-
der which the Investigations would fall
in the natural course of events The
caucus in adopting the above resolu-
ton will not even instruct these stand
ing House committees TO make any in
vestigations. This will be left to the
discretion of the several committees, and
in the event of their determining upon
an Investigation the caucus resolution
larGed powers and funds II these are
deemed requisite for the prosecution OF
the work.
Conservatives I'm Control.
The knowledge that the conservative
Democrats Of the House. under the lead
ership OF Mr.. Underwood, have con-
troll of the situation and will be able to
defeat the radical Henry resolution in
the caucus by a vote of TO /. brought
good deal OF comfort TO officials in
Washington. who had really begun to
fear the possibilities in the money trust
inquiry for unsettling the business of the
country. William Jennings Bryan and
his lieutenant, Representative Heary.
decline. however, to acknowledge defeat
They were continuing yesterday their ef-
forts to put through a resolution pro-
VIding for a radical dragnet investiga-
ton. Bryan himself was bombarding
members of the House with kilograms
Urging them to stand by the Henry
proposition.
The attitude Of Representative Under
wood and his followers is that they are
perfectly willing TO have the so-called
money trust Investigated. but they want
II done through proper channels and in
q way that will bring the least possible
TO the business interests OF
the country. The conservative Demo-
Gratis in the House, including most OF
the important leaders. argue that the
adoption OF the H<hry resolution would
amount to a repudiation by the House
of its own standing committees.