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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jan 23, 1908
Page
5
Urges immediate enactment of the Aldrich Bill to avert crisis. Scattering forces on current measures could defeat all emergency currency and treasury relief efforts if Congress adjourns.
The article discusses Congressman Glover's warnings about an emergency currency bill. He argues the proposed limits are too low and that raising to one billion dollars would better reassure banks and the public. The piece references bankers like Mr. Gin and Mr. Glessner and notes ongoing opposition and support during hearings.
The Herald records a Sunday exchange between two Senators on the Aldrich currency bill. One warns banks will reject currency, calling it a failure, while the other says any failure would prove the bill a success. They discuss the Finance Committee's deliberate pace and the need for an emergency currency to avert financial trouble, noting cross party support and the urgency of action. The debate also covers the bill’s interest rates, inflation fears, and the role of public confidence in preventing money shrinkage while Congress acts.
Texas Congressman Burgess denounced the Aldrich currency bill during a Post hearing, warning partisan action could cost Republicans the next House and Presidency. He contended it let states curb paper currency fluctuations, while Charmian Fowler defended deposit guarantees as vital against undue bank manager risk. The Banking and Currency Committee planned to hear two National Board of Trade reps.
Attorney General Bonaparte outlined a planned anti trust suit against E H Harriman over a merger involving the Southern Pacific lines. The case would rely on an Interstate Commerce Commission report from last July and follow actions at the White House and Justice Department. Special counsels Severance and Kellogg are returning to Washington for consultations before a public statement.
Secretary Taft told the House the Gen. Philip H. Sheridan statue in Sheridan Circle at Massachusetts Avenue and R streets NW will be ready for unveiling next October. He chairs the Sheridan statue commission and asked for a $4,000 appropriation for unveiling ceremonies and grounds work. The statue cost is $50,000, with the contract let last July.
The U S Supreme Court weighed whether a direct appeal from Judge Grosscup on Chicago’s street railroad reorganization was permissible. Petitioners argued delay tactics. opponents warned the move would subvert a valid reorganization and potentially confiscate property. Attorneys for both sides debated rights, with protest letters questioning stockholder stakes and Judge Grosscup’s involvement.
Former Senator Blackburn, head of canal administration, described few customs fees collected and a busy internal revenue focus. He noted 34 saloons paying 1200 dollars license and one or two distilleries. Money orders rose from 50,066 to 381,561 dollars since 1906, with potential self sufficiency. Col Goethals assured limited risk of invasion and explained lock locations and capacity, citing eight hour passage, room for multiple ships, and the gate protection needed at Gatun lake while detailing future funding needs of 82,400,782.60 dollars for the next fiscal year.
In Annapolis on January 22 the general assembly debated the general appropriation bill. Republicans urged deeper cuts while Senator France pressed stricter limits, but the measure passed by party lines and heads to the governor for signature. Per diem payments will be disbursed once signed. The Federation of Labor seeks to convert the national employers liability act to state law after the US Supreme Court invalidated it.
Former Maryland Governor Warfield refutes Senate president Gen. Joseph B. Seth’s accusations of official corruption. He denies an ante election pact with the Baltimore and Ohio Railroad, sale at under value, and any campaign donations misstate. He defends his veto of the 2 cent a mile bill and asserts full disclosure of campaign expenditures.
Kann Sons & Company contribute 200 toward joint charities with allocations to Associated Charities Citizens Relief Association and prevention of consumption. Numerous donors acknowledged by secretary Charles Weller include Kann's Sons & Co John B Henderson W B Mores & Sons Francis O Alexander Mrs Warrict G Polkinhorn Justice WB Bown Mrs EC Crabs Baker Weaver W Huguess Mrs Filtnor W Keach Mrs Ammon Behrend Lacie Hartig Mo PB 35 Vis 8 HL King FS Altens Mrs Julia Darling Strong 515 George It Suffmd Mr and Mrs Charles Foster Rev John Cornell Clara H Burroughs Henry F Atchison Gen Mortexa Khan Mrs E Sterrett G. 1 Williams Smost Colfer McCehey Mr and Mrs David A Carll Woolworth & Co Tiffany Dyer Mrs Earah Bryan Leet R. Hardy & Co 3856 Thomas Smith Gertrude F. Smith W Hoge Jr Md McVean Mee Mary L Santos Mr Anna M Klingon Edger A Calemian Lamb Tilden Alice S Hobbs Mrs Charles G Myers M G Marsh Dulin Martin Mrs S S Dench Mrs A and Mrs Gertrude Johnston William Arthur Snell Myo P T Dodge George H Amram ALM Gresnon Gawranen 1 Kolbe.
South Carolina Representative Lever faces a April deadline to choose a bride as forced by a party notice. If he fails, Speaker Cannon may select a wife on April 1 1906, with a placeholder line for the bride’s name. Lever seeks a suitable match while awaiting the outcome.
Maj. Louis Harvie Strother of the U S Army died at George Washington University Hospital from cerebral hemorrhages. His body was sent to Culpeper Virginia for burial. A Virginia Military Institute and Richmond College alumnus, he joined the army in 1867 and later served as a major volunteer and in the Philippines. He was the son of the late Col. James French Strother of Rappahannock.
Henry Hughe a colored porter of 131 D street southwest was arrested for larceny of stamps from the Southern Railway Company and pleaded to be allowed to return home where his one year old child lay dying. The child died before friends could secure his release. Hughe was later freed on bond. Detectives Barbee and Vermillion say Hughe tried to dispose of the stamps in a pawnshop and confessed at police headquarters. Burial notice for Thomas Saunders killed at the Senate offices building given. services at 62 Eleventh Street Southwest with body to Bealeton Va. for burial. Saunders was a member of the Holsting Engineers' Union. Representatives will accompany the body.
Santiago Chile January 2 Congress today passed a bill authorizing the president to enter contracts for a north south railroad. The immediate expenditure is limited to about 37500000 dollars, with plans for extension to the northern and southern frontiers. The completed line would stretch from the Peruvian frontier to the Strait of Magellan about 2000 miles.
An old public notice promotes a simple vegetable kidney remedy mixing Compound Kargon Fluid Extract Dandelion Compound Syrup Sarsaparilla. It claims to restore kidney function, purify blood, relieve rheumatism and urinary symptoms, and reduce backache. Published for Kargon Extraction Cincinnati Ohio.
News arrives of the death in Paris of Mrs. Frank B. McKenna daughter in law of Associate Justice McKenna of the U S Supreme Court. She was the daughter of Col R C Kavens of St Louis Missouri. Col Kevens had just returned from Paris and her condition had shown improvement before death. Plans for repatriation of the body will be made once arrangements are completed.
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