Palisadian., 1923-02-23
SENATE PASSES
DEBT Measure
Bill Returned to House With
Change Providing for Ao-
proval of Congress.
RESULT OF VOTE, 70 TO 13
intense Hostility Shown by Minority
Fighting Against Terms to Britain
Opponents Say Plan Makes U.
S. Borrow at AZ .er Cent.

Washington.-Appr of the
British debt funding agreement was
given by the senate when it passed
the administration bill amending the
Debt Commission ct by a vote of 70
to 13. Four Republicans voted
against the bill, while "a Democrats
were recorded in the Affirmative
Amendments We're made which will
necessitate an adjustment of differ
ences in the senate and house bills.
An agreement will be reached by
conferees of the senate and house
without delay and the bill viii go to
the President when the conference
report is approved by the two houses.
Under the bill as passed by the SEN
nations must be submitted to Con-
gress for ratification. The senate
without roll call adopted an amend
ment of Senator Robinson, Democrat,
If Arkansas, authorizing the commits
sion to make settlements with other
governments upon such terms as the
commission may believe to be just,
subject to the approval of the Con-
gress by act or joint resolution"
The bill as passed by the house au-
thorized the commission to make set
Elements with other nations upon
terms similar but not more favorable"
than the British agreement, and with
out approval by Congress. The Robin
son amendment was accepted by
Senator Smoot, Republican, of Utah,
member of the Debt Commission, who
had indicated during the debate that
he believed it might be necessary to
make settlements with other nations
upon terms more favorable to the
debtors.
The British debt agreement as ap-
proved with qualification in the bill
as passed by both houses provides
for the payment of the $4,000, 600, 900
principal over period of 62 years,
with interest at 3 per cent for the
first ten years and 31a per cent there
after.
Another amendment added to the
bill on the floor of the senate without
roll call was one by Senator Harris,
Democrat, of Georgia, providing for
the enlargement of the debt commits
sion from five to eight members, the
three new members to be Democrats,
President Harding in selecting the
present five members named only Re-
publicans.
The senate rejected an amendment
by Senator Hitchcock, Democrat, of
Nebraska, providing that interest
should be paid by Great Britain upon
unpaid balances on December Is and
June Is of each year at rate Of
June Is of each year at rate
interest paid by the United States for
the same year upon bonds issued by
this country since April Is, 1917, and
still outstanding. This was voted
down on roll call by vote of 21 to
81.
The four Republicans who voted
against the bill on the final roll call
were Senators Borah of Idaho, France
of Maryland, La Toilette Of Wiscon-
sin and Norris of Nebraska. The
nine Democrats voting against the
bill were Senators Ashurst of Ari-
zona, Gerry of Rhode Island, Hefiin
of Alabama, Hitchcock of Nebraska,
McKellar of Tennessee, Read of
Missouri, Trammell of Florida, Walsh
of Massachusetts and Walsh of Mon
tana.
Before passing the bill the Senate
had lively debate with many Sena-
tors participating.