Salt Lake Herald-Republican | 1913-07-30 | Page 1 | Demands Evidence on Which M'adoo Bases His Charge

DEMANDS EVIDENCE ON WHICH M MADOO ADOO BASES HIS CHARGE Senator Weeks Scores Secretary Secretary Secretary Secre Secre- tary for His Statement Concerning Banks ASHINGTON SHI July 23 Senator Senator W WASHINGTON v Weeks of Massachusetts a a. Rep Republican Re Re- p publican member of ot the Senate committee com corn on banking and currency in a a. statement today attacked Secretary McAdoo for Cor his hie charge that the banks had depressed th the price of ot 2 per pcr cent bonds and demanded that he make tho the information which be ho public on cased me time furnish time tho public If It If ho does docs not the with rUb this evidence and do so at once said Senator Weeks It will be construed con con- and and properly so as another step in the propaganda which this administration administration administration ad ad- ministration stands for that is to discredit an any one who opposes It by attributing attributing- sinister malign and In Interested Interested interested In- In reasons for so 50 doing Unless tho the secretary has the evidence evi evi- dence his declaration this morning Is the tho most abominable attempt to to- influence once ence legislation that has como come from rom this administration or as far as I know from an any other and It looks like a concerted drive on the part of or ortho tho officials of or the administration to influence the judgment and opinions of ot the business community Investigation In of or Secretary McAdoo's Ilc charges was demanded also in a statement statement statement state state- ment Issued toda today by Representative Henry aide to the so called Insurgent Democrats in the House banking com corn m I t tee Chairman Glass declared tho time committee com coin committee had its hands full fun considering the administration currency bill and lid did not propose to be diverted He and other members of or tho the committee however how hen ever made mado It plain that they shared the thc secretary's opinion as to the reason rea rca son for the time depression I The secretary of or the treasury treasur should be summoned before the committee on I banking and currency instanter and reveal the facts to the time American people peo peo- peo-I peo pJ pie as their agent said Henrys Henry's statement state state- of ot great ment and amid the thc head every bank In lii New York should be sent for forat forat forat at the tho earliest possible moment placed On the time stand before beCore the tho committee ind md grilled g most thoroughly thorough In order that I the American people may know the thee e exact act facts about the ersY The rime D Democrats of the House banking and currency committee struggled ulong along toda today with the consideration of ol tho the administration bill R Representative pr tive the of or Ohio continued his attack on the broad powers conferred b by the bill on the proposed federal re reserve ye- ye board By a vote of e eight to serve Yot enc LO three the committee declined to adopt nn an amendment striking out the section of the time bill allowing tho time board to suspend suspend sus sus- pend pond the tho th reserve requirements of or the bill for Cor periods of or thirty days s 's and to renew such suspensions for fifteen day periods s. s Representative Bulkeley also proposed proPosed pro pro- I posed S un amendment providing pro for Cur a H graduated tax en banks as a penalty for tor allowing their reserves to fall Can below below be be- low the required percentage but this too too was r rejected