The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1923-02-17
Debt Plan
Approved
by Senate
final Vote OH Funding Agree
ment Passed b. 20 to l3-
Measure Now Goes
TO Conference.
Nebraskans Oppose Bill

Washington, Feb. 6.-CP)-Congres-
sional approval of the British debt
finding agreement virtually was COM
pleted tonight when the senate passed
the house funding bill
The vote was.70 to 49,.
The bill was returned to the house
for adjustment of amendments not
relating to the plan for funding the
British debt OF 81 6o4 900, 900 over a
term of 81 years at reduced interest,
but providing that settlements with
other debtor nations must have the
approval of congress instead of the
president.
Tho opposition consisted of four
p17publcans, Senators Borah, Idaho;
France, Maryland; La Toilette. Wis
consin. and Norris. Nebraska. and
nine democrats. Ashurst, Arizona;
Gerry. Rhode Island; Heflinr~AAla-
bama Hitchcock, Nebraska; Nickel
lar. Tennessee, Reed, Missouri. Tram
nell, Florida: Walsh. Massachusetts,
and Walsh, Montana.
Supporters of Bill.
Forty-six republicans and 4 demo-
Gratis voted for the passage OF the
bill. The republicans were: Ball,
Brookhart. Bursum. Calder. Cameron.
Capper, Colt, Couzens, Curtis, dill
ingham. Ernst. Fernald. Frelinghuy-
sen, GoodinG, Hale. Harreld. Johnson,
Jones Nashingtonl. Kellogg, keyes,
Lenroot. Lodge, Mccormick, McCum-
her. Mckinley, Mclean. McNary,
Moses, Nelson. New. Oddie. Page
Phipps, Poindexter, Reed Pennsyl
vania,. Shortridge, Smoot. Spencer,
stasficld. Sterling. Sutherland. Town
sentL Warren, Watson, Weller and
Willis.
The democratic supporters were
Bayard, Broussard, Caraway. Dial
Fletcher. George, Glass. HARRISON
Jones (New Mexicol, King. Myers
Dvel.rnan, Owen. Pittman. Pomerene,
Ransdell. Robinson, Sheppard, Shields.
Smith. Stanley, Swanson, Underwood
and Williams.
By a vote % 61 to Of the senate re-
1ected the amendment of Senator
Hitchcock. democrat. Nebraska, to fix
the British interest rate at the same
rate as paid on United States bonds.
The vote was not reached until
after o'clock and after a continu-
Gus session of eight hours and total
of four days debate. The bill was
'><sassed a week ago today by the house
after one days discussion and goes
10 conference with a certainty OF. en-
actment before congress adjourns.
Conferees Named.
Chairman McCumber of the finance
committee. Senator Smoot. repub-
lican. Utah, a member OF the finance
committee and also of the allied debt
commission. and Senator Williams.
democrat. Mississippi, were appointed
as the conferees. for the senate.
Only two important senate amend
ments are in dispute between the SEN
ate and house. These are the amend.
ment OF Senator Robinson. democrat,
Arkansas. providing for approval by
congress instead of the president, of
funding agreements with other ma.
tons. and one by Senator Harris,
democrat. Georgia. providing for an.
pointment of three democrats on the
allied debt commission. Both were
adopted By the senate without record
votes. The Robinson amendment was
accepted by administration leaders.
but they opposed that Of Senator
Harris and said it would be dropped
out in conference If it threatened To
delay enactment of the legislation
The attacks in final debate today
as we'll as in previous discussion, cen.
tered on the reduced interest pro.
vided in the British settlement This
is 3 per cent for the first 10 year.
and az per cent thereafter.