Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1915-02-11

10 the Weeks bill, already |
passed by the senate, providing Tor
the use of naval vessels In carrying
mails and freight. The Weeks bill Is
now before the house naval affairs
committee The president Il was un-
dcrstood had not fully determined
TO press this idea. but II is said TO
have support of number Of republl-
cans In the senate.
An alternative suggestion taken up
by the president with house leaders
was that Senator Cores substitute
shipping bill be taken up immediate
~ In the house. IL was the presidents
idea that passage of a shipping hlll
through the house would give It pres
tige In the senate.
Meanwhile as debate proceeded IN
the senate. Senator Townsend aroused
the democrats with the assertion that
Kuhn, Loeb 4 Co, New York bank
ers, were Interested in the passage OF
the bill.
Lewis Excited Again.
upon what information does the
senator assert that Kuhn. Loeb a Go,
are interested in this bill on that they
are exertmg influence 10 have the bill
passed." demanded Senator Lewis,
democrat,
II know that common rumor is in
circulation to that effect, rctorted
Senator Townsend. Il do know that
member Of Kuhn. Loeb q Co. Is q
member of the federal reserve board.
/ know that a brother Of that mem-
Der is Interested in the shipping busl-
ness and | know that the government
is going to rely upon its r'"orte bank,
and Kuhn. Loeb 4 co. has increased
it's deposits, as deposits of banks not
so friendly t0 the administration
have decreased proportionately
Docs not the senator know" de-
manded Senator MARITIME. that Paul
M. Warburg resigned from Kuhn,
Loeb a. Co. when he went to the fed
eral reserve board and proclaimed his
action publicly"
Marburg's Name Figures.
Senator Bristow suggested Mr. War
burg had transferred his interest In
Kuhn, Loeb & Co. to a member of his
/ family III il Is true said Senator
Bristow. that Mr.. Warburg's interests
I In Kuhn. Loeb a. Go. have been turned
over 20 member of his family. and
! IL his brother is supervising head
! Of great transatlantic steamship
| line. isn't It reasonable TO suppose that
! If this bill passes the United States
will be urged To buy these ships
ITO my mind" replied Senator
| Townsend. "it Is at least q suspicious
| circumstance in which the govern,
ment of the United States should moi
| become involved"
Gaillngcr's Motion Lost.
When Senator Townsend concluded
Senator Gallinger moved to lay aside
the ship bill and take up the watel
power bill. That proposal, however
was tabled, 40 to 80. Senators Bank
head. Hardwick and Vardaman o
the democratic insurgents, joined th'
democratic side of the vote. senate
La Toilette, republican. voted With tn
republicans to take up the waite
power bill.
The loss of Senator Norris vot
showed a threatened break in th
administration lines. The Nebrask
senator disclosed that he was undo
cided whether TO aid the efforts
. force the measure through
''rhe republicans have shown b
said Just before he entered the chan
her, that they are IN position
delay vote on the ship bill untIl III
end of the present session. BY press
ing the bill we accomplish nothin
and prevent the passage of urger
legislation which will fail entirely NJ
less passed at this session. II seem
to me that the ship bill could bette
go over Until the next session tha
that the other measures should
KILLED"
Administration Defensive.
The loss of Senator Norris vot
would once more place the admins
tratiye forces on the defensive. 3
voting with the republicans he woul
give the opponents of the ship bill
majority With his support the ad
ministration forces would get Il
vote which would be decided by tn
vice presidents ballot.
Senator Mclean spoke for the re
publlcans about two hours and wa
followed by Senator Cummins
The Iowa senator declared he ha
no doubt of the right of the Unite
States to buy interned ships, but aH
serted that as foreign nations did no
concur the spectacle of the seizur
and condemnation of those ships Il
foreign prize courts was certain To fol
low. At the close of the Buropoai
war; he said, a great opportunit
would be presented for development
OF International law, but the presen
was no time to attempt TO modify II
Senator Cummins said he fayore,
the purchase or construction Of ship
to the amount of 30,000,000 or more
but not as a matter of commerce. II
spoke In favor of his bill for nava
| auxlliarles 10 be used for commerc
In emergencies.