Show AlL ill THE TIE BENEFIT TO SPECULATORS Congressman Hepburn Roasts Secretary Cortelyou for Financial Operations Special to The Herald Washington D C Sept 29 Representative Hepburn He burn of the Eighth Iowa dis district district chairman of or the house committee on interstate and foreign commerce who has returned from a trip to Europe In the course of which he looked into the En English English glish gUsh railroads said that he believed this country could profitably adopt the En English English glish gUsh system s Stem of control of or stock and bond issue of roads He said he expected legis legislation legislation legislation lation along this line at the coming ses see session session sion of or congress though there would be opposition based on the idea that con congress congress congress gress has no control over the Instrumentalities Instrumentalities instrumentalities mentalities of commerce He said there was no speculation in English railroad se securities securities securities He found English investors con concerned concerned concerned over American railroad securities He himself did not see how any anyone one had bad the courage co rage to Invest In American rail railroad railroad railroad road stocks and laid much of the blame at door In this connection Mr Hepburn con condemned condemned condemned the treasury practice of putting money Into the banks to prevent alleged money stringencies Ho He said this money went to aid New ew York speculators and It was nonsense to talk about the west needing money to move moe crops There is no longer a crop moving period In the west said he There used to be before farmers were so prosperous Now crops are moved all the year round He declared Mr Cortelyou ought to know better than that the money he de deposited deposited deposited posited went to move crops and said New York always owed big sums to the west The New York stock exchange could be wiped out with benefit to the country Mr Hepburn will go to Keokuk when the president Is there He is strongly against the proposed Mississippi deep deepwater deepwater deepwater water way |