The Washington herald., 1921-01-04
HOUSE PLANNING
TO OVERRIDE VETO
OF WILSON TODAY
Farmers Council y Pre-
pares Scheme for Huge
Government Loan.

Deeply gratifed by the action OF
Congress on the resolution directing
the Secretary Of the Treasury to re-
vive the War Finance Corporation,
representatives Of farmers have
launched a new movement to in
voIve the government much more eX-
tensively in the matter OF directly
financing the expectation OF Amer
ican farm products. The incentive
for this activity received a renewed
impetus yesterday when the Senate
overrode the Presidents veto Of
the resolution by a vote Of SO to 5
and House leaders anticipated with
almost certainly that the lower body
of Congress would follow suit today.
The Presidents veto was sustained
by two Democrats and three Rspub-
licans. The Republicans favoTing
the veto were: ElkiRs. West Viz
giniO; Keyes. New Hampshire; -Suth-
eriand, West Virginia. The Demo
Gratis were: Thomas, Colorado. and
Gerry, Rhode Island.
Leaders TO Consider Action.
The plan Of House leaders last
night was to consider the Presidents =
veto today. In view OF the large
majority with which the measure
originally was passed, a large vote
to override the Presidents veto
seems certain. The view is that in
spite "f the opposition Of the ad-
ministration, such action by Con-
gress can not be sidetraCked by the
Treasury Department.
The Farmers National Council
has in the meantime prepared a
plan whereby the government shall
float A loan amounting to as high
as $500, 900, 600 for directly financing
the expert Of surplus wheat. wheat
hour, potatoes, cotton, wool. meat
and meat products, dairy products.
and tobacco to Europe. The pro-
gram provides that the appropris-
tions for the military and naval
establishment Of the government
shall be reduced in about this
amount in order to utilize the
money for what they characterize
as peace purposes"
Benjamin c. Marsh, secretary Of
the organization already has re-
Quested a hearing before the House
committee on banking and currency.
The committee will decide today
whether or not TO give the organ
ization an opportunity to formally
present its proposal to Congress.
Conservatives Are Worried.
The plan has caused apprehen-
sion among some OF the more con-
servative members of Congress. not
so much because Of its actual pro-
visions, but because OF the sDirif
which goes with il. They view il
as indicative of a prevalent ten
dency to cry for help from the gov
eminent for the solution Of all prob
lens. They fear that the response
OF Congress to the clamor in agri-
cultural districts for goyernmentaI
aid in restoring agricultural mar
kets is likely to have an unfortu-
nate climax in the next admins
tration.
The problem as it presents itself
to financial authorities in Congress
is that unless the government is
permitted to pursue its policy OF
dehation and orderly marketing
is allowed to proceed as prices re-
turn to a more reasonable basis
the high cost OF living is likely 20
become pressing problem once
more. 1t is repeatedly pointed out
{ that the extension OF further cred
its to Europe will not only hin
der dehation, but will increase by
millions the already tremendous
debt of Europe to this country.
There is a growing apprehension
that the revival of the War Finance
| Corporation, the emergency tsrin
bill now in the Senate, and fur
ther movements to check the proc
ess of defiatiOn will seriously in
crease the burden Of President-elect
Harding when he comes into office.