The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-02-14
REEDDEMANDS
STATUS
Calls on Judiciary Committee to
Summon Secretary With
Books and Records.
SEEKS CURB ON LENDING
Introduces Bill, in Accord With
Hearst Suit, to Close
Nations Purse.

Secretary OF the Treasury Houston
was called upon today by the Senate
| fore II tomorrow with all informa-
ton and papers bearing on the status
OF foreign loans, credits, or other
commitments which he possesses.
The committees action was taken
after II heard in executive session
Senator Reed. Democrat, of Missouri,
author of a bill to prohibit Houston
! from paying any more money from
the United States Treasury to any
/ foreign government.
BILL WOULD HALT LOANS.
The bill would direct Houston not
TO make any new compliments
credits, or advances under or by
virtue of war legislation enacted by +
Congress to meet expenditures for \
the national security and defense.
Houston will appear before the Ju-
dietary Committee tomorrow in ex-
ecutive session. He will be closely
questioned regarding the Treasury
Departments foreign fiscal policies.
as he was by the Senate Foreign Re-
Iations Committee on, Saturday.
The Reed bill is expected To- be
farorabiy report6d BY the Judiciary
Committee following Housfon's APP
pearance.
MOTION IS PASSED.
The following motion was passed tv
the Judiciary Committee to require
Houston to submit documentary evil
dence to sustain his contention that
this country still has pre-war finan-
cial obligations with foreign ma
tions which. as debts of honor" 1t
L., H..
to meet. The motion follows:
THAT the committee adjourn to
meet tomorrow morning at 10
o'clock and that the Secretary of
the Treasury be requested to be
present at that time and to bring
with him the documentu which will
show that this Goveruu1ent ls in
honor bound to pay furt1er moneys
to European governmeuts. and the
amounts thereof: the kind Of secur-
tiles which have been delivered or
which it Is proposed to take at the
time the money is advanced; and
what negotiations have taken place
with reference to changing their
demand obligations into long -timc
bond obligations"
Clashes between Senator Reed and
Senator Overman, Democrat, of North
Carolina, occurred during today's
session, when Overman renewed his
, efforts to have the Reed bill sent to
the Senate Finance Committee on the
| ground il is a financial and not .
| judicial measure,
Reed replied the bill involved the
legal rights of Houston to make ad-
ditional advances to or enter into new
commitments with foreign nations
| and is therefore one for the Judiciary
Committee to act on.
REED Is SUSTAINED.
Reed was sustained by q majority
OF the committee, which decided
Houston should be requested to bring
aIl data bearing on the foreign hnsn-
cinI situation thnt the Treasury De-
partment had.
Some of this data, 10 was stated,
Houston failed to produce when he
appeared before the Senate Foreign
Relations Committee on Saturday.
He said then he had been advised by
the state Department that II was to
be considered extremely conhden-
tial" and that he should not even
reveal IL to Senate committee ex-
ecutive session.
Reed declared the Senate possessed
the right to know all that the Treas
ury Department is doing with the tax
payers' money and said Houston
should be compelled to produce every
SCRAP OF paper he possessed which
would enlighten the senate as to tho
details of the Treasury Departments
financial transactions with the for
eign governments.
a majority Of the committee In
dicated they agreed with Reed. and "
was then decided to call upon Hous-
ton to appear before the committee
tomorrow with all documents and
papers at his dispocal.
BASIS or PROPOSAL.
Proposals made by the allies that
their debts to the United states he
Cancelled have been based on the con-
t~pticr that the allies were Aghtiug
the cause of the United states prter
TO 1917, t ws- ofncisliy stated today.
The United States hss refused -
accent this ccrtcrt,cs. inssuNsch -
IL vveuld he sr sdrsissso~ that this
rnts~r sheuIa have gone i~ts Tho wsr
before she did.
s,5resentstive of the United States
have Informally advised British repre-
sentatives that this nation believes
that the allies have been repaid for
their efforts prior to 1917 by the
awards granted them at the peacs
conference. The United states s.nsA
CONTINUED on assa-oossmso