The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-06-14
Mr.. HENRY WOULD
RENEW THE PROBE
OF MONEY TRUST"
Presents Bill Designed to
Pave the Way for Further
Investigation
K DEMAND
MARKET FOR PAPER
Member Of Investigate
ing Committee Issues State
ment Concerning
New Measure
WASHINGTON.

WASHINGTON, June i3.-The
Democratic camp was thrown into
confusion today when Representative
Robert T. Henry. of Texas, chairman
of the house committee on rules, pre-
scented a bill designed to ave the way
for a renewal of the inquiry into the
~so-called money trust.
In n statement accompanying the
bill Mr.. Henry declares hat Wall
Street conspirators are back OF the
present movement for banking and
currency legislation an dthat their
only aim is to pass the Aldrich bill
~veneered over SO as to foo the peo-
pie"
Whether Mr.. Henry intended it or
not. his bill and the accompanying
statement are accepted as q declara-
ton of war by radical Democrats on
the administration plan to put
through a banking and currency re-
vision bill at this session of congress.
Gives Committees Powers.
The bill introduced today gives
committees OF congress h same Wis
itation powers over national banks
and other financial institutions exer-
Ter OF the currency.
The leaders are hostile to a renewal
of the money trust investigation and
will do everything possible to have the
Henry bill pigeon-holed in the bank
ing and currency committee. to which
4, was referred. MI. Henry announc-
ed. however. that he would make ev-
cry effort to have the bill reported.
II the committee refuses to act Mr..
Henry may appeal to h caucus Such
a course would undoubtedly pen the
question between the radicals and the
conservatives In such a way as posi-
bly, to defeat the plans OF the dmin-
istration.
Wants Investigation.
Mr.. Henry. In his statement,
THE introduction Of this bill means
that / think further investigation of
the money trust should Immediately
be begun. The Pujo committee only
scratched the surface OF h facts
underlying h concentration OF con-
troll OF money AND credit
with that investigation scarcely
begun the comptroller of the cur
rency shielding the great bankers and
their questionable dealings from expo
sure. the Wall Street bankers are now
demanding legislation on the curren-
cy question In order that they may
make a market for their commercial
paper tmuch Of it based on rotton Sc
curities), and have currency issued
on their assets.
Baltimore Platform Silent.
The Baltimore platform said moth
ing about currency legislation except
to repudtate and denounce the AL
drich currency bill. 1t did. however,
demand a systematic revision of the
banking laws so that we might have
protection from control or dominion
by what is known as the money trust
The Democratic doctrine is that
all paper which is made a legal ten
der for public and private debts or
which Is receivable for dues to the
United States shall be issued by the
government of the United States n
shall be rcdeemable In COIN This
has been the Democratic faith since
the foundation of the government.
and / stand squarely for that doctrine.
/ am utterly opposed to the banks Is
suing or controlling the currency in
any guisa
No Need For Legislation.
There is positively at present no
need for nm emergency currency bill:
The Aldrich-vreeland bill Is on the
statutes and has a ycar to live. 1t
certainly sufiices for that length of
time.
NO sort OF currency legislation
should be thought of for an insant at
his session except in connection with
the recommendations made by the
Pujo committee.
II warn the people that the Wall
Street money trust Is pushing Its pro-
paganda throughout the country for
currency legislation 80 that they may
get the right to issue or control the
currency. and take that function
a ufou frrvn Tho 0~nVQYnnNant