The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1922-04-22

! objection was sadly deficient" IN
his letter to tlle st. Louis Globe
! Democrat saying the Missouri sen
ator had opposed passage Of the
/ federal reserve act.
Those who know ne well. Sem
ator Eccd's statcIacnt added. viii
scarcely believe that / would tame
" submit TO Il gross Insult even
from so great {, man as Mr.. Will
sou was at that time.
Any controversy with fornlc:
President Wilson under existing
circumstances is necessarily pail-
! ful.' continued the senator. but
a.; naUch Us ] regret the necessity,
I. nevcrthclcsS feel that Che public
! is entitled to know tho truth nuj
the whole truth.
Senator Reed challenged tho IL
tcrprctation placed ly Mr. Wilson
| in his letter to the st. Louis news
| paper to the effect th:u Il letter
written by Lee Mcriwcther. 4
friend Of Senator Reeds. convey
ed the impression that Mr.. Wilson
and Nh Reed held the Same prin-
c.pic3 and policies.
y mere reading will convince
any candid mind that the Meri-
wctilci article was not INTENDED
to create The impression that Form
cr President Wilson and mySeif
held the same ideals or t!lat Was
claiming to have his indorSrnlent.
said M Reed. .On the contrary.
! the Mcriwethcr article plainly s"ts
forth that [ had differed from tl,"
president on many occasions and
that had purS;;cd an independent
course"
Senator Reed recalled the let
tcr writtcn ly Mr.. Wilson in 1913
! 10 sustain Nh M"riwcthcr's con-
t"n:ion that tho former prcSidc;t
he'd commended him for his lccis-
latiVc service in connection with
the federal reserve act. He add.
Cd that lin this respect Mr.. Viii
sons recollection is sadly deficient. "
Air. Wilson states that intcr-
posed every possible objection 10
. the completion and adoption Of the
| banking currency bill Senator
Reed continued. The fact is the
principal dispute bctwcen the
president and myself regarding
tiat i,ill arose o. the question
whether the in3ncial and business
Interests Of thc count Y should b.
given the privilege o: coming be
fore the senate banking comn;: :
tee ard express thci, views regard
ing Iii" pending l"@isilti0n. At
this time the national banks were
almost in revolt Many OF them
were preparing t0 surrender th"lr
charters I insisted upon hearings.
AS Il result of these hearings and
discussion in tn" Democratic c;iu-
Gus and in the senate. the bill Tas
amended 81 times. Tho chairman
OF the committee. who opposed
hearings. offered 233t Of these
amendments. The bill was amend
cd in committee Il total Of SO
times IN the cailcllS u large number
, OF times and as il finally passed til"
Senat" only GH:i lines Of III" orig
nal 22.cno remained intact and uu4-
changed.
4 helped 10 make these
changes. And wh"n III" bill cane
before tho >.n:,tc | defended it up
ON The floor .Nt;cr the bill had
been amended i'rcSitl"nt NVilsun
pronounced 1t tn" best piece OF leg
>latl"a adopted III - years The
DcGncrallC campaign book Of ":n
declares ,h:,' the tili was opposed
hy The E"prlIlic;,nS and refers Ia
il as Icing revised :rnd >trcn@th";.-
v,I IN ,hr scn;it, co:nrliit,-" ON
l.anllip% :tnd currency.
Mr. Nilsson declare; hat h.
told mo ll:t r"lu!nd.d ham al al
in'lil id,a Who mounted >rver;u
heI~r.; and rod I'll! ia rNeIN N%ain
tn, eN~i,rc idr:it.s recollection i Ia
,.rr"r lust ~ he has c"In,lri,ly
i",.>"';,t u letter which H., did
WIT. ~ r,.;n"ali,,'.l'.5 Il conN"l>.l-