Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1913-06-20
URGES MONEY PROBE
HENRY CHARGES WALL STREET
WITH BEING BACK OF CUR
RENcY BILL.
WANTS NO HASTE ACTION
Texan Declares Pujo Committee Mere
" Scratched Surface of Facts I'm
DERIVING Concentration of Control
of Credit and Asks Investigation.

Washington. June t6.- Representa-.
tive Henry of Texas, chairgihn OF the
rules committee yoicing the oEDosi-
tion of considerable nunaAeggof his
Democratic colleagues in ths1house 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 CT both the
banking and currency laws at the
next session of congress, Mr.. Henry
insisted further investigation of the
so-calIed 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 it 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.
''how 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 az to
make banking associations subject to
the vsitorial 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 a waiting mood and seek
ing light.
Charging that the only aim OF the
Wall street bankers was to pass the
Aidrich bill "yeneered over so as to
fool the people" Mr.. Henry said the
voters would be wise to wake up
and prepare for 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 repudiate and denounce 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
at 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, NJ
the wood pulp used in the manufac-
ture of such paper or board
Although the word Canada" is omit
ted from the amendment adopted by
the committee, it would operate
against Canada because of its restric-
tious on exports of wood and chem,
ical pulp.
Under the reciprocity amendment
puSp wood or paper could come in
free from Canada when it is the prod
nct OF free lands in Canada. lands un-
restricted by export duty or license
fee