The twice-a-week Twin Falls times. (Twin Falls, Idaho) 1916-1918, 1918-03-21
ONLY TWO CHANGES MADE
IN SENATE BILL AS
PASSED
N e w Requisitioning
Measure Introduced
Gives Power of Taking of All
Things Needed to Conduct War
Railroad Bill Signed-Norton
Would Fix Oil Prices.

WASHINGTON, March zi.-The war
finance cooperation bill, creating a fed
eral agency for financing war indus
tries during the continuation of the
conflict, was passed by the house this
afternoon after four days of debate.
The BILL which has been described
as the "most revolutionary piece of
legislation ever passed on by an
American congress" differed from the
measure approved by the senate last
week in only two particulars.
Under the senate bill the corpora
tion is permitted to issue bonds up to
$4 900 100000, while the house meas
ure restricts the mount to $4,000, ,000,-
000 The membership of the capital
securities committee is limited to five
| by the house while the senate places
the number at seven.
| Majority Leader Kitchin believed
| this afternoon that the differences
| could be smoothed out in conference
and the measure sent to the presi-
dent for signature by the end of the
week.
Representatives La Toilette of Wis
consin and Mason of Illinois voted
against the bill.
The bill as sent to the capitol by
Secretary of the Treasury McAdoo
was radically altered by the house be-
fore being passed. Secretary Nc
Adoo wanted the directors of the cor
poration and of the securities com
mittees appointed by himself with the
approval of the president Instead
they will be named by the president
subject to confirmation by the sen
ate. In seventeen cases where The
words with the approval of the sec
retary of the treasury appeared IL
the original draft, they were stricken
out by the house =
Senator Chamberlain, chairman O.
the senate military affairs commit
tee, this afternoon introduced a bill
sent to congress yesterday by the wal
department giving the president prac
tically blanket powers to take ovel
all real and personal property in thu
United States.
The measure was referred back I,
the military committee for investiga
ton. Indications were that it woult
7 meet with the greatest opposition be
cause of the almost unlimited scop
of the powers it confers upon tn
president.
The bill was accompanied by let
ter from Acting Secretary of Wa
Crowell, explaining that the govern
ment's requisitioning powers unde
existing law had been inadequate 1
emergencies and that broader author
ity was necessary in the interests q
speed.
The title of the bill reads:
= "A bill to authorize the acquisitio
by the United States during the pei
iod of the present war of private prop
2 erty of any and all kinds. real, pei
sonal and mixed, needed for the ma
tional security and defense, or tn
conduct of the government"
President Wilson is authorized n
q directed to fix the price on gasolin
kerosene and fuel oil under a bi
q introduced in the house this aftel
n noon by Representative Norton, r,
;, publican, of North Dakota Hoardin
4 of oil which at present is tending
+ disorganize the supply system of tf
army and navy, would be prevente
" by price fixing, Notion asserted.
g The railroad bill, which endured
:, stormy voyage through congress-. ws
s signed by the president at the Whi
n house this afternoon. No ceremonit
OF any kind attended the final creatic
7 of the law under which the carrier
! of the nation will be conducted by IL
l. government during the war.