Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1913-05-16

iup 90 this article. circulars were sent
out from New York 10 banks demand.
Ing that they retire part Of their
circulation and call large part ot
their loans, with the object of forcing
congress Go pass this legislation. sena-
tors Norfis and Root expressed sur
prise that such circular had been
sent and asked if It were signed.
u didn't give any name because
nonn appears here, said senator
Thomas. la reply 10 Mr Root The
senator knows perhaps better than
do where Il eame from
senator Root said he was surprised
that the senator from Colorado
should make such absurd charges
in the senate hnsed upon q commune
cation apparently unsigned
.'rhe senator from Colorado doesn't
have 10 take instructions from the
senator from New York on anyone
else" said senator Thomas lie II
responsible to the people of his own
state lie does not care whether the
senator thinks this IL absurd or not.
senator Page offered to give $3.50
for the name of any Vermont banker
Who received this circular. declaring
he was ia a position to affirm that
no banker Ia Vermont Ind ever re-
eeleed It, senator smoot said he could
sav the same thing Of the bankers IN
Ulah
senator Lane came 70 the assistance
of hls democratic colleague by stating
that he did know a banker who
had received such communication
lie refused tp give his name,
As a result of this circular senator
Thomas said bdnks did retire ciren
intion and did call many loans and
laid the basis for the panic. senator
smoot produced figures from the
statistical abstract showing that eif-
eulatlnn of national hank notes had
increased steadily from 1891 to 1896.
MT Thomas declared that the panic
&C 1905 had been manufactured by
the Standard OIL company or allied IN
tercsts TO get through the Tennessee
coal and Iron dear and to embar-
ra-s the president Of the United states.
senator Ransdell resumed his ar
eument against free sugar by advanc-
ing the Wow that the people Of Louis
lana did not rely upon that part OF the
democratic platform praising the
deeds of The democratic congress
which pissed free sugar hill-but
upon the business plank which
stated that no legitimate industry
should be destroyed lie quoted at
length from campaign speeches Of
President Wilson and maintained that
IN no speech had the president pro-
posed FREQ sugar.
Tho senator read letter prepared
lhv Representative Hroussard. sena-
fsf-c elect from Louisiana. Who was
member of the subcommittee OF
eleven Of the platform committee az
Baltimore. contending that the plat
form never endorsed the Underwood
free sugar bin Of the last congress nor
had the party endorsed H.
Nowhere IA that declaration tthe
PLATFORM Mr Broussard wrote, can
fhern he found any ntimauon that
the l'nderw ood free sugar bill Of the
house met with either the approval
Of the subcommittee Of eleven or OF
the committee ON platform and reso-
lutions acting as whole or Of the
convention ITSELF as contended BY the
senator from Kentucky
Mr Broussard pointed out that tho
senate finance committee gave the
Underwood free sugar bill q hearing
after which mot single senator
democratic. republican or progressive
approved IT,
or tho Baltimore convention he
wrote
eIt must appear to you, and IN fact
to every fair-nnded man, that with
tho chairman OF the convention, The
senator from kentucky pleading to
the body over which he presided for
free sugar and with the sugar trust
hv kilograms, impioring the conven-
tion a. declare for free sugar II WAS
not an oversight on the part Of either
tho subcommittee OF eleven or the
fnll committee on platforms and reso-
iutions on the convention that It was
not written IN the platform. as the
senator from Kentucky now attempts
70 read it. that the democratic party
stood or stands for free sugar on
the contrary. this action was the de
liberate conclusion that the democratic
party stood against the Underwood