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Show SMOOT CLASHES WITHJHOMAS Washington July 10 Postponement until Friday of the formal opening of the tariff debate In tho scnato was ar ranged today In order to give major lty members of the finance commit tee time to check up on tho report on the Underwood Simmons Dili prepar ed by chairman Simmons. I The commltteo met today and rati fled tho report, but sections of It wero turned over to sub committees to ver J lfy. It Is n lengthy document and tho j majority members wljl meet again to I morrow, the senate having adjourned until Friday when the report will bo ' made nnd the debhto opened by S'.'ti- ator Simmons. , Senator Thomas, Democrat, of Colo rado In a speech today defending the Wilson tariff bill of 1893 from respon stblllty for the financial panic which followed charged former President Cleveland nnd the New York banks I with conspiracy to precipitate a cal amity to forco repeal of tho Sherman silver act. I Through denouncing the 1893 bill ns , "a most miserable) protenso or tariff reform," he branded the New York Stock Exchange as "tho most prodlgl ous gambling hell" of any age and "tho Monte Carlo of American fin nnce." "It is the swindlers' paradise,' ha continued. "It Is a huge vnmplro that sucks tho blood from tho artor'ei of Industry. It Is an unincorporated, irresponsible monstrosity boyond '.he pale of laws. It Is the antithesis ot fair dealing and common honesty. It has sanctified speculation. It U the most pernicious and corroding lnflu enco In tho land." "If disaster whose coming is now so freely predicted, shall overtake us in the near future it will be caused not by the enactment of the pending tariff bill but by the same lnr.uences which produced It before. I do not say they will do It. I du not think they will do it. They have no pm nershlp with the administration.. That has been dissolved by the people." When Senator Thomas conclu'l?d Senator Smoot took tho floor. "Tin to Is no doubt in my mud now." he declared, "'nit vhht the Itlio passago of the WlUon bill was the means of bringing to this country a great deal ot suffering that came to the working people nt thai tlmo nnd if conditions wero tho same now as then, I do not doubt that tlicpas sago of tho present tariff would bring tho same result." Senator Chilton of West Virginia had read from tho record a speech made in tho Scnato by Senator La Fol letto In tho debate on tho wool bill In 1011 in which the Wisconsin Bon ator said everybody with any knowl edgo of tho subject knew tnnt the Wilson bill had nothing to do with tho panic of 1S93. "I hnd thnt read," said Senator Chll ton, "because Senator Thomns has dug tho grave of this argument. Sen atSr I.a Folletto erected tho tomb stone and I wanted him represented nt tho obsequies." Sen. Williams of tho Mississippi said tho people at Inst had found out that tho Republican argument that tho Wilson bill brought on tho great panic was a lie. "It took them a long time to find out," suggested Senntor Wnrren. "Yes becauso they wero liars go Ing about tho land preaching this He," Senntor Williams replied. "Thero no ver has been in history an organl zlcd Ho that couldn't mako nn Im presslon, but now tho people know that this argument was an organlzo-t lie." "By what authority does tho senat or Bay thnt?" asked Senntor Williams "By tho authority of tho last eleo tlon," said Senator VUltam3. |