Evening capital news. (Boise, Idaho) 1901-1927, 1917-02-12
IMPEACHMENT OF
FEDERAL RESERVE
BOARD PROPOSED
Congressman Lin d ber g
Makes Serious G h arg e
Against Harding, War
burg and Others and Asks
for Action.

Washington, Feb. IL. Charging
high crimes and misdemeanors' in
the administration of currency laws,
Representative Lindbergh, of Mime
sofa, today, on the floor of the house,
asked impeachment proceedings
against Governor Harding, Paul War
burg and other members Of the fed
cral reserve board.
Lindbergh charged conspiracy" with
]. P. Morgan g. Co.. Loeb & Co, in
which Paul Warburg was a former
partner, the First National bank Of
institutions.
FAVORED BIG BUSINESS.
Paul Warburg, Lindbergh charged.
had been active in framing the federal
reserve legislation in the interest of
big business, and with others, had by
secret means" sought to influence and
obtain the appointment of the present
members OF the board.
In connection with this lobbying in
the framing of the legislation, Lind
bcrgh said most unusual powers had
been vested in this board.
The people OF the United States,
Lindbergh charged, had been injured
to the extent of several billions of dol
lars through administration of cur
rency laws"
SYSTEMATIC CAMPAIGN.
Passage of the federal reserve act
was the result Lindbergh said of a
systematic campaign by big business
and the five members of the board
"have been and are now administering
ha art fp, pf r,t
spectators.
Lindbergh also mentioned as ia :
miliar" with the alleged conspiracy
j. p. Morgan, Daniel C. Wing, Boston
Levi l.. Rue. Philadelphia; w. S. Rose
Cleveland: J. n. Norwood, Richmond
Charles A. Lyerly, Atlanta ]. B. For
gan, Chicago: Frank o. Watts. st
Louis; j. II. Mitchell, Minneapolis: Y
T.. Swinney, Kansas City, T. J. Re-
cord, Dallas; Herbert Flieschker, San
Francisco.
Lindbergh also charged there had
been a boycott of state and other banks
in the federal reserve ystem as par,
of the alleged conspiracy.
ted States providing that the common
blockade against England will not be
broken thereby.
Isigned) ''P RITTER"
REPLY DISPATCHED.
! This memorandum was given imme-
date consideration and the following
reply was dispatched yesterday:
My Dear Mr.. Minister: | am
! requested by the president to say
to YOU in acknowledging the MEM
| orandum which you were kind
enough to send me on the 11th
! inst, that the government of the
United States would gladly discuss
with the German government any
| question it may propose for discus
sion, were it to Withdraw, its proc
lamation of the 31st of January, in
| which, suddenly and without pre-
| vious intimation of any kind, it
Cancelled the assurance which 1t
had given this government on the
4th of May last, but that 1t does not
feel that it can enter into any dis
cussion with the German govern
ment concerning the policy of sub
! marine warfare against neutral5
which ii is now pursuing unless
and until the German government
renews it's assurances Of the 4th of
! May, and acts upon the assurance.
! am, my. dear minister etc"
''To his excellency. DIR. Paul Rit-
ter, minister of Switzerland.
No other exchange on this sub
ject has taken place between this
government and any other govern
ment or persons"