The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-02-06
TILT IN JUDICIARY
COMMITTEE @ We R
ALLIED WAR DEBT:
TW 0 PHASES UP
SENATOR KNOX DENIES THAT HE
EVER OFFERED A RESOLUTION
PROPOSING TO REMIT AL
LIED DEBTS

Washington, Feb. 5.-Two phases
OF allied loan status came up today
in the senate. A letter from Secre-
tary Houston, read by Senator Lodge,
declared the treasury department
would not for obvious reasons" pro-
ceed further with negotiations for
exchanging allied demand obligations
held by the treasury for long time
obligations, in order to leave his sue
cessor free to act. This was fol-
lowed By insertion in the record Of
press accounts of remarks Of j. Aus
ten Chamberlain, chancellor of the
British exchequer, stating that for
nal proposals had been made for cam
collation. of allied Indebtedness and
rejected by the United States.
Senator Mckellar, democrat, Ten
nessee, inserted the press clipping
saying:
This is information OF the utmost
Importance.
''It is the first authoritative in
formation we have that The proposal
to cancel the debts of England to the
United States was made TO our gov
ernment," Senator Walsh, democrat,
Massachusetts, declared.
Senator Knox, republican, Pennsyl-
vania, took occasion to deny that he
had ever offered resolution propos-
ing to remit allied debts as has been
printed. The statement was a per
feet absurdity,' he declared, adding:
II have done many things, but
nothing so insane as that"
A row in the senate judiciary COM
mit;ee resulted today in the inde-
finite postponement OF hearings on
Senator Reeds bill proposing to pro
hibit further loans by the treasury
| to foreign governments.
Nicholas Kelly, assistant secretary
of the treasury in charge of foreign
loans, had been summoned to con-
tinue testimony as TO loans already
made but he never got to the stand.
| Immediately the committee met,
Senator Overman, democrat of North
Carolina, moved to refer the meas
ure to the finance committee, Sena-
tor Reed strenuously objected, decar-
| Ing there was an important consti-
tutional question involved" and that
the bill should be kept before the
judiciary committee.
/ Chairman Nelson said the treasury
department had promised not to make
new advances or loans to the allied
| governments, but his statement was
questioned by Senator Reed, who de-
clares the policy was mot to estaJ-
lish new credits" and that this did
not mean that advances would not
be made on credits already establish
ed.
Senator Hoke Smith. democrat OF
Georgia, asked the committee 10 rec
ommend measure that would "for-
bid the secretary by statute or exact
a positive promise from him" not GO
loan another dollar" but the ppshot
OF half hours discussion was a post
ponement OF the hearings.
A letter from Secretary Houston 81
the treasury department, saying he
would not, during the remainder OF
his term of office. proceed with any
further financial negotiations with
foreign governments was read in the
senate today by Senator Lodge, Mass.
achusetts. the republican leader.
The secretary said there "have moi
been any official proposals on tbs
subject that woull In any way bind
this government. or the foreign gov
ernments other than the agreement
OF the foreign governments contained
in their demand obligations held by
the United States to give long tim,
obligations, II requested in eXchang,
therefor.