El Paso herald. (El Paso, Tex.) 1901-1931, 1913-08-11
DEMOCRAT Flags
COTTON MILLER5
Senator Hollis Denies Tariff
Discriminate Against
New England.

Washington, D. c., Aug. 11.-Senator
Hollis of New Hampshire, Democrat
flayed the cotton manufacturers of
New England IN a tariff speech today,
in which he declared that New England
had not been Disseminated against and
denied that the tariff reduction would
ruin the textile industry there
No Concessions to Labor.
THE cotton manufacturers have
taken the highest protection and paid
pauper wages" said he. They are
compelled by statute to work humane
hours and conduct their business on
humane lines; and not one has VOlun-
tariIy reduced the hours of labor They
seek to control the government to pre-
vent labor legislation and escape Just
taxes; to control the police and in
feriOr courts; secure military aid for
the suppression OF strikes. They secure
special rates for their goods and other
privileges from the railroads They Op-
pose the election of Democrats by Co
ercing their employees and expect prof
its by tariff rates. 1t is a question
whether the one sided development of
this kind is best for every community
Thousands of adult operatives work
for 81 a week and live under wretcFied
conditions The death rate in our New
England mill cities is the highest in
the United States. 1t is certain that the
cotton industry of New England should
not receive any special consideration
conduct
No Claim on the Democrats.
In a recent contest in New England
for United States senators, certain
Democratic members of the legislature
CHANGED to be employees of a great tex
tile corporation. They We're waited on
at their homes and requested not to
vote for caucus candidates. They were
not threatened with discharge, but the
implication was very plain What sort
Of a claim have men like that to special
favors at the hands of a Democratic
congress-
House GriIIs MuIhan.
After weeks of waiting the house
lobby committee got chance today to
grill Martin NJ. MuIhall on his whole
sale charges of influence with various
congressman and corruption of en-
plOyes of the house. The self styled
Manufacturers, appeared with the sem
ate sergeant at arms, who has been his
constant bodyguard since his exposure.
More Charges in Currency.
Amendments to the reserve section
TO the administration currency bill,
which many bankers say are vital to
the continuance of the present credit
conditions, under the proposed new
endorsed by chairman owen of the SEN
ate banking committee and may be
Incorporated in the bill before it passes
either house.
A9dAAhGAS ~ 4AO conferred WIN SecIe-
tary McAdoO about government depos-
It's IN western banks took opportunity
TO impress upon the secretary and
chairman owen the demand of the
banking interests for the modification
Of the reserve sections of the bill.
Senator Owen said he was inclined
to favor amendments suggested by
the bankers reducing somewhat the
reserve which banks would be required
TO keep. Some bankers at the confer
ence declared $500, 100000 in loans
would have to be recalled by big banks
If the reserve deposits of outside banks
they now hold were withdrawn.
Proposal of the Bankers.
The proposal of the bankers is TO re-
duce from Is percent to II percent the
reserves required of country banks;
and reduce from 20 percent to IS per-
cent the reserves required of banks in
reserve cities.
serves, the bankers asked that the
country banks be permitted to keep
four percent of their reserves with
correspondent banks and that city
banks be authorized to place six per-
cent of their reserve with correspOn-
dents 1t was declared this would pre-
vent drastic decentralization of re-
serves
Senator owen said that a second pro-
posal by the bankers, to give the pro-
posed advisory board sole power of
initiative in the new federal reserve
system would not be considered. He
insisted it would take control of the
system out of the hands of the gov
eminent and virtually turn it over to
the control OF banking interests.