The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1921-01-05
SENATEAGA|NPASSES
WAR FINANCE
MEASURE
President Wilson Disapproves Of
Measure On Ground That 1t Can
Not Prove Effective, But SEN
ate Overrides Veto BY Vote
Of Fifty-Three to Five

"oSitiii6toH, ooH' WV ~
President Wilson today of the far.
mers' relief bill to revive the wal
finance corporation was followed. al
most Immediately by vote of So to
5 in the senate to make the bill law
despite executive disapproval. The
house will take up the measure TO-
morrow, and predictions were gen.
eral that it would duplicate the SEN
ate's action and thus place the bill
on the statute books.
President Wilson in lengthy We
to message declared he withheld his
approval of the bill because the war
finance corporation was a war
credit agency, not desirable or need
ed in peace times. He said that it
would exert no beneficial influ-
ence on the situation, would raise
false hopes among the very people
who would expect most, and would
be hurtful to the natural and order
ly processes of business and finance.
The legislation the president also
said, would result in additional
credit burdens, and the government
he continued, should not be "called
upon further to finance private
business at public expense" Refer
ring to widespread demand for
abolishment of war agencies and re-
moval of governmental influence
from business, the president said he
had sympathy with this view," and
added that "the nation should re-
sumo it's usual methods"
Upon reading of the veto message
in the senate, Senator Underwood
Alabama, Democratic leader, urged
it's immediate consideration, for
which unanimous consent was Sc
cured by Chairman Gronna of the
agriculture committee, which re-
ported the bill. Senator Underwood
followed with the only address made
declaring that financial distress now
was greater than during the war
and that he felt confident of wise
administration of the proposed law
that would cause mo undue strain
on the treasury"
On the senate roll call 20 Demo-
Gratis were joined by "a Republi-
cans in overriding the veto.
Supporting the presidents oppo-
sitions were two Democrats, Sena-
tor Gerry, Rhode Island, and Thom-
as, Colorado and three Republicans
Elkins and Sutherland, West Vir-
ginia, and Keyes of New Hamp-
shire. Senators Glass Democrat Viz
ginia and Edge, Republican, New
Jersey, voted against overriding the
veto, but with drew their votes on
account of having pairs. Senator
Penrose of Pennsylvania, Republi-
can, was paired, but announced that
he would have voted to sustain the
veto.
The presidents message also was
read in the house. Representative
Mondell, Wyoming Republican lead
er, announced later that it would be
taken. up tomorrow at the opening
of the house but. without any def
mite arrangements for a vote. Advo-
Gates of the bill, however, express
ed confidence that the house also
would vote to enact the bill despite
the veto. The house passed the bill
by a vote of 212 to 81, or much
more than the necessary two-thirds
majority. Many of the negative
votes were cast by Republicans.
Before the presidents message
reached the senate today, Senator
Harrison, Democrat, Mississippi a
leading advocate Of the legislation
criticised Secretary Houston, de-
claring that the treasury head, ac-
cording to newspaper reports, had
advised presidential disapproval OF
the bill without indicating such op,
position when Mr.. Houston was be-
fore congressional committees.