The Washington times., 1912-02-10
Senate Republicans
May Launch Genuine
Money Trust Inquiry

Just at the time when the House
Democrats have decided In caucus
against a probe of the Money trust
that will really go to the bottom of
things an investigation of the money
Eower has been projected from the
The Senate Interstate Commerce Com
fn:ttec, acting under authority already
given 1t, and by virtue Of which author
ity fer weeks IL has beer going into the
amendment of the Sherman law, will
take ur the Money trust question.
senator Clapp, chairman of tho COM
mittee; Senator Cummins, and a num-
] Der of the other members OF the COM
mittee. favor this action, and II is stat
, ed today on good authority II will be
| lone. II Is possible that pressure may
be brought to head off the proposed in
will be.
The strange spectacle is likely to be
presented OF the Horse Banking and
currency Committee, and perhaps two
the money powe!. investigation ir. a per-
| functory way, while the Senate Inter-
state Commerce Committee is going at
the subject In aggressive end radical
Would Embarrass Them.
| Such a development would cause the
House Democratic leaders, who fought
on the Henry resolution and did their
Utmost to turn the proposed investiga-
tion into conservative and safe and
sane" channels, considerable e'nbar-
rassment. The House Democrats have
been criticising the Republicans as the
| friends of tho money power and the
special interests. II, now, a committee
of the Republican Senate comes along
! and goes at the Money trust inVestiEa-
|
| 1t Is not hard to see that 1t will give
| the House Democrats n good many
things to think about.
1t Is not impossible that out Of this
contemplated investigation Of the Money
| trust by the Interstate Commerce Com
mittee of the Senate there will come de-
Velopments of the utmost political inn
portance. 1t Is conceivable that the out
come OF II will be to turn against the
| Democratic party lot OF the progress
| stves and independents the country over
who are sore because OF the failure of
| the Henry resolution, and who feel that
in refusing to adopt II the House Demo-
| Gratis showed themselves controlled by
| the same influences the Republican
party Is charged with having been don't
| mated by for so many years.
| Congressman Pujo, chairman of the
House Banking and Currency Commit
tee, Is planning to have the Money trust
Investigation Centered in his committee
He has indicated that this proposed in
quiry will be along proper" lines. This
Is interpreted by Democrats, who want
| ed the Henry resolution passed and n
special committee named, to near that
nobody need bs alarmed about the in
vestigation Mr.. Pujo proposes.
| The plan for the Money trust inves-
tigation on the Senate side, to be con-
| ductel by the Interstate Commerce
| Cor mittce. emanutes from the progress
sive Republicans on the committee.
Senators Cummins and Clapp. They sc
| that the Henry plan has failed, and
that 1t will not be bad politics TO turn
| the guns on the House Democratic lead
ers, who are responsible for It's failure
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