The Greenville journal. [volume] (Greenville, Ohio) 1850-1918, 1913-06-19
URGES MONEY PROBE
HENRY CHARGES WALL STREET
WITH BEING BACK OF CUR
RENcY BILL.
WANTS NO HASTE ACTION
Texan Declares Pujo Committee Mere
iy Scratched Surface Of Facts IN
derlylng Concentration of Control
Of Credit and Asks Investigation.

Washington. June 16.-Representa
tive Henry Of Texas, chairman of the
rules committee voicing the opposi.
ton of considerable number of his
Democratic colleagues in the house to
the plan for currency legislation at
the present session Of congress Fri
day, openly accused Wall street inter
ests Of being back of the proposed
legislation on that subject
While favoring revision Of both the
banking and currency laws at the
next session Of congress, Mr.. Henry
insisted further investigation Of the
so-called money trust should be i'm
mediately pressed. The Pujo com.
mittee, he declared, barely scratched
the surface Of the facts underlying the
concentration of control of money and
credit, because the comptroller of the
currency refused access to his rec
ords, making 1t impossible for the in.
vestigators to expose completely the
existing relations between the Wall
street bankers and their allies with
the trusts and monopolies, stock gam
blers and financial conspirators
Wall street bankers" he added.
now are demanding legislation on
the currency question so they may
make a market for their commercial
paper (much Of 1t based on rotten Sc
curities) and have currency issued on
their assets"
Mr.. Henry introduced a bill to
amend the banking laws so as to
make banking associations subject to
the visitorial powers exercised or
directed" by congress or by either
house of congress.
Members of the house committee,
while disposed to follow the party
leadership are not agreed upon the
necessity Of currency legislation now.
They are in waiting mood and seek |
ng light.
Charging that the only aim Of the
Vail street bankers was to pass the |
Aldrich bill "veneered over so as to |
DOL the people" Mr.. Henry said the
'oters would be wise to wake up
nd prepare for the greatest struggle
hey ever fought with the New York
fraternity and the money
rust"
The Baltimore platform said moth
ng about currency legislation, except
o repudiate and denounce the Aldrich
urrency BILL" he said.
An1nndinor hn % !
1ood tariff bill which would place
II the free list all print paper valued
t not more than 219 cents a pound,
he majority members Of the senate
nance committee Friday voted to in
orporate in the bill the provisions of
he Canadian reciprocity act passed
! 1911.
This action would extend the free
st to include all print paper valued
not more than four cents a pound
the condition that no export duty,
xport license fee or other license fee
other export charge of any kind
hatsoever, or any prohibition or re-
.riction In any way Of the exporta-
on shall have been imposed upon
lch paper, board or wood pulp, or
lie wood pulp used In the manufac.
ire OF such paper or board"
Although the word Canada" Is omit. ,,
d from the amendment adopted by
e committee, 1t would operate
sainst Canada because of its restric-
ons on exports Of wood and chem
al pulp.
Under the reciprocity amendment Z
lip wood or paper could come in =
ee from Canada when 1t is the prod
L OF free lands in Canada. lands un.
;t-icted by export duty or license fee.
Senator Newlands told his Demo
attic colleagues Friday that the tar. 7
bill might go down in history as
the Atlantic coast and
lddle western states on protective
sis, while drifting the southwest
q the west to free trade basis. n
He pointed to the action Of the SEN y
finance committee in placing farm 4
oducts, such as wheat, oats, barley, n
y, butter and eggs on the free list, y
wing, as he said, citrus fruits and ~
fruit products of California as al
'st the only far western products re- =,
ned on the dutiable list. =.