Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-05
TALK OF COMPLICATIONS
FROM BILL IS "TWADDLE''
Secretary McAdoo Defends Shin.Pur.
chase Measure, and Pleads for
It's Passage.
REFERENDUM IS CALLED FOR
Chamber Of Commerce Declines to
Accept Majority Vote OF It's Mer-
chant Marine Committee, Which
Denounces Bill.

! chant Marine Committee. Which,
Denounces Bill.
WASHINGTON, February 4-Tho
Chamber Of Commerce of the United
suites Tonight ordered a referendum
vote OF Its membership on merchant
marine questions. including govern
ment ownership and operation OF ships.
majority report OF the chambers
merchant marine committee denot,nc
ins the government ship purchase bill
pending In the Senate failed to ro-
Sei'e the two-thtrds vote necessary for
us adoption. although l6l delegates
ro'ed Tor II and only 90 i'm the mega :
Nh, E1 oia minority report approving the
pIii also was rejected. Then il was
determined to lay the matter before
me organizations composing the
| chamber.
Secretary McAdoo. of the Treasury
Department, was the chief speaker for
tho ship bill. and Senator Burton for
| us opponents. Each argued earnestly,
the FORMAL spcechmaking virtually
turning into joint debate.
SHOULD NOT DE DEFERRED
BY Loss OF MONEY
defending the p-purchase bill,
Secretary McAdoo predicted the gov,
eminent would not operate the ships
make profit should not deter IL from
entering the business. He pointed out
that the coast guard service saved
much life and property upon tho aeas.
ana asked II the chamber were In favor
OF disseminating the service because n
cost money. He inquired II the PAN
| anna Canal was built for profit.
where property is put in jeopa-dy
on sea or otherwise" said Secretary
400. 1T Is function Of government TO
furnish relief. So. when commerce is
In jeopardy. when freight rates are
soaring to unreasonable heights. I
must confess 1 have no patience with
the contention that tho government
must sit with manacIed hands and
shnckled feet. This Is the time when
we must face the Issue. and not be-
cause of hide-bound theories or fears
OF this or that. This Is tho time for
remedies. for remedies are not worth
Il continental unless applied at the
acute stage"
THE. talk of international complica-
tons from the ship-purchase bill is
twnddle." said Mr.. McAdoo There f.
no more danger OF that than of nv
| picking up the Washington Monument
ana walking across the Potomac I
know OF no protest OF any foreign gov
! crnmont against this measure This
is Il matter OF policy for this govern
| ment alone to determine. Its execution
Is another matter. But as long ms We
observe the rules of International Law.
ana neutrality nobody can complain"
senator Burton. replying to Score
tary McAdoo. followed arguments od
NaHced by opponents OF the bill in tho
| Senate.
Woe 10 the man who would stir I'm
tne nation 10 an unneutrnl act or strike
uo"h the preservation OF neutrality at
/ thls terrible time" said he
/ Mr.. Burton contcnded hiph fro;obt
d a
war risks and delays, and that the
rntes 10 the remainder OF the world
were not higher than in peace times.
HUTTON WOULD TREMBLE
WITH APPREHENSION
should tremble with apprehension
Tor ms country" said Senator Hur-
ION, should this nation send out n shin
"nuei ms law under the American i,a1
, ana II be seized by Great Britain o,.
france An individual might do mis-
WITHOUT serious consequences, but for
hatioh To do IL would be an net OF
hostility" N' "
me nominating committee recon-
..liueu mo election of these Twelve
directors all being regarded az euuiv-
alent TO election:
Io"cli j.. Cheney. South Manchester
| Eohn': William II. Douglas New York,
*. q; Rhett. Charleston. S. G.; r. r
u.hninSham Fairmont, w Va: John
", W. nh'iip Dallas; Charles S. Keith,
NansHS CITY. Mo: L. G. BOYD INDIAN
aapolls; Henry Il. joy, Detroit: i, ~
Meredith, Dcs Moincs; Thornaa T.
Stearhs. Denver; Thomas Burke Sa,t.
'ie' ana Alfred l. Esbcrg. San Fran
| cisco. " ~ ran
r, Charles $, Hamlin. governor of the
Federal Reserve Board. told tho CO..
Vention that the new currency s,.s,n,,
soon would place the United Statcs
on a soIid foundation, and make n mo
centre or the worlds financial cx-
changes.
When it is considered that Tho
an on states was able to export sle5,-
and yet reduce its total gold by onIv
sS9,00OoOo." said MIR. IIamIin. Som
idea OF the strength Of the IInitnS
states In gold holdings and production
would be conveyed"
| Up TO the present time" he con-
nhuea, only limited recourse has
| Deen mad to tho reserve banks nv the
member banks. the amount of the dis
counts and the issue OF Federal reserve
notes being very small. In q few
months undoubtedly, these banks will
DC drawn upon 10 Il large extent by
| member banks"
Secretary Redfeld made n vigorous
speech. denouncing private shipping in
terests for their treatment OF shin
pers and appealing for support in pro-
Viding remedy for the overseas shin
ping situation. lie declared America
could add Sloo.0o0,00O n month to its
foreign trade now if ut could shin the
| stuff"
AMERICANS FOR AMERICA
no TAKE PLACE OF EUROPE
have had dispatch from tho
Prime Minister OF great country al
most begging, let us say strongly
| urging, that America take tho p,ace IN