The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-12-17

Defending the administration cur
rcncy bill against tho "grcenbackisry,'
and mat money" charge launched
against It by Senator Root In his
speech before tho United States Senate
on Saturday. Chairman Carter Glass. Of
the House Banking and Currency Com
mittee. arraigncd tho senior Senator
from New York In speech last night
for departing from the path Of strict
truth 10 further his political ambi-
tions
Mr. Giass's attack upon Senator
Roots position, uusparing and dra-
rNt!c IN the extreme, stirred TO pro-
longcd applause AN audience OF 1000
business and professional men that
crowded the hall ana galleries Of th,.
Jefferson Hotel Auditorium TO its doors
The speaker was present under the
auspices OF the business Mems Club.
and devoted TO an exposition Of the
none! reform measure now pcnd!nc
In the Senate two-hour address that
Tor intensity OF expression and sheer
force has seldom been parallelcd
Rencnts Charge of "Grecnbn cIsism.,
"On the noor OF the United States
Senate last Saturday" said Mr. Glass
midway In his detailed answer to the
various objections that have been
brought against the administration
YORK, characterized the measure as
'greenbackism run mad. Unacquainted
with the subject which lie undortook
TO discuss. he described II as propos-
inS return TO tho reserve issues Of
1896.
Il take It that the duty OF a United
States Senator TO preserve the public
from national harm is more than over
balanced by his moral obligation never
10 sound a false alarm and nevc, to
permit himself TO be detected from
the path OF strict truth To gain n point
OF vantage. And yet hc did sound a
false alarm. and sounded IL upon in
formation which he himself admits he
secured second hand from another SEN
ntor.
"hen TO ones reputation rs n SEN
ator is added his renown as a great
lawyer and his fame as an intcrua-
tional statesman. and the subject In
rolved relates to the tender fabric OF
national credit. when such :. man triiles
with subject OF this moment, he is
guilty. not only Of grave indiscrction.
but Of downright treason to his coun-
try"
Nnndcrlip and Root Alike.
with senator Root, Congressman
Glass placed President Frank a Van
derlip, head OF the $4,000. 600 Ma
tlonal City Bank Of New York, who
mas pittcfIF aSsaiied the note issue
scheme OF the currency biz as ma,
money" plan. Not n hank expert OF
reputation, not a leXicographer who
can lay claim TO the name, and not n
E1ngle responsible financial journal
said Mr.. Glass, will for n moment sun
port that designation as applied to the
more than amply secured currency pro-
Nided for by the bill.
"All that | have said OF MIR. VAN
y - -.
sharp reply to the statements made
by the New York banker. may be
hccentuatcd and applied to Mr. Root
God alone knows how men who un
derstand the currency bill so little as
To charge it with Greenbackism hav,
ever gained control OF bank With =
capital OF s25,0oo,o0O or have ever at
tanned TO = seat in the United States
Senate.
oh. the responsibility Of a man who
Will make statement OF that kind for
political advantage. / can only Won
der with John Sharp Williams at the
havoc that can he created in tho mind
of great man by the buzzinE of the
presidential bee"
TO Tell Inside History.
Nr Glass dealt at length with the
statistics employed by Senator Root
in his attack upon the administration
measure. He quoted from figures ad-
Guccd by the New York Senator to
show what he regarded as q funda-
mental error in calculation amounting
TO $500, .000--a mistake which, he
said, was to be expected when one OBJ
tains his information second hand.
There is an inside history that deals
with the influences that are working
against the currency BILL" said Mr.
Glass. land some day ] shall write it
and give it to tho country to read 1t
viii include among otner interesting
things the fact that Senator Root care
fully prepared copies OF his speech and
distributed them to the press to be
circulated broadcast before n single
word OF IT was delivered on the floor
OF the Senate.
AS for these philosophers OF finance
who make 100000. 900 errors in their
calculations, and whose knowledge OF
finance permits them to call the pend
Ing measure return to grcenbackism
and flat money-if they would apply to
any Richmond banks For employment