Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1913-06-20
URGES MONEY PROBE
HENRY CHARGES WALL STREET
WITH BEING BACK or CUR
RENcY BILL.
WANTS NO HASTE ACTION
Texan Declares Pujo COMMITTEES Mere
" Scratched Surface Of Facts Tn
DERIVING Concentration Of Control
Of credis and Asks investigation.

Washington, June 16-Representa,
tive Henry of Texas, chairman OF the
rules committee yoicing the opposi-
ton OF a 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
eocslled money trust should be i'm
mediately pressed The Pujo com
.mitiee, 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 ii impossible for the in
vestigators to expose, completely the
existing relation . ween the Wall
street bankers IN 50 ,eir allies with
the trusts end memo olles. stock gam
blera and financial copspirators. I
Wall street bankers" he added,
now are demanding legislation on
the currency question so they may
make q market for their commercial
paper (much OF II based on rotten Sc
curities) and have currency issued on
their assets"
Mr. Henry introduced a bin to
amend the banking laws SO as to
make banking associations subject to
the Yisitorial powers exercised or
directed by congress or by either
house of congress.
Members OF the house committee.
while disposed TO follow the party
aeadership are not agreed upon the
necessity Of currency legislation now
They are in waiting mood and seek
ing light.
Charging that the only aim OF the
wall street bankers was to pass the
Aldrich bin "veneered over so az to
fool the people" Mr. Henry said the
voters would be wise to wake up
aud prepare foE the greatest struggle
they ever fought With the New York
banking fraternity and the money
trust"
The Baltimore platform said moth
ing about currency legislation. except
to repudate and denoHnce the Aldrich
currency bill" he said
Amending the section OF the Under
WOOD tariff bill which would place
on the free list all print paper valued
Mt not more than 21s cents a pound.
the majority members OF the senate
finance committee Friday voted to In
corporate In the bill the provisions OF
the Canadian reciprocity act passed
In 1911.
This action would extend the free
list to include all print paper valued
at not more than four cents pound
on the condition that no export duty.
export license fee or other license fee
or other export charge OF any kind
whatsoever. or any prohibition or re-
striction in any way Of the exporta-
ton shall have been imposed upon
such paper, board or wood pulp, or
Che wood pulp used In the manufac-
tnre of such paper or board
Although the word Canada" is omit
ted from the amendment adopted by
ahe committee. 1t would operate
against Canada because OF It's restrie-
sions on exports OF wood aud chem.
ical pulp
Under the reciprocity amendment
pulp wood or paper could come In
free from Canada when 1t Ia the prod
Wct of free lands in Canada. lands I'M
restricted by export duty or license
foe