The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-04-17
senate CLASH
PERILS HOOVER
FARM Relief
Scheme to Pay Bounty on
Exports May Bring on
: Bitter Battle.
HOUSE TAKES UP BILL
Half Billion Coop Market
Draft Called for First
Discussion Today.
BY PAUL R. MALLON
United Press staff Correspondent

II.
United Press staff Correspondent
WASHINGTON, April 17.-An in
formal survey Of the Senate agri-
culture committee today revealed
only three or four OF the fifteen
members inclined to vote against
the proposed far-reaching debenture
plan of farm relief as an amend
ment to the administrators CO.
operative marketing bill.
This overwhelming sentiment for
the plan which President Hoover
did not metnion in his farm mes
sage to Congress yesterday de-
veloped as the House was holding a
brief session, particularly to permit
Chairman Smell of the rules COM
mittee to prepare the way for con-
sideratiOn of the House cooperative
marketing bill there Thursday.
SHELLS rule was adOped without
objection.
Senate Meeting OFF
The Senate committee called off
It's scheduled meeting, because
Chairman MOnaTy was busy with
Senate organization matters, and
leaders were in no haste for final
committee vote on the bill.
Monary viii introduce the bill at
short session of the Senate Thurs
day and the Senate will then ad-
Journ until Monday. so the commit
tee Will have until Saturday to pre-
pare 1t for Senate action
Smell went to the White House to-
day to tell President Hoover Of
plans for consideration of the ad-
mlniStration bill Afterward he said
the senate could nat adopt the de
benture plan because it is a revenue
raising measure and therefore must
originate in the house.
McNary took no stock in his argu-
ment, pointing out that the govern
ment would not raise any money
from the measure. Other senate
leaders planning to go ahead with
the debenture amendment endorsed
his plan.
Reserve Board Attacked
The senate was not in session.
Time was given in the brief house
session TO permit Representative
Reid (Rep- IllD to introduce
resolution proposing an inveStiga-
ton of the Federal Reserve board
policy toward Wall Street credit.
House leaders are not disposed to
such an investigation and the
measure faces strong opposition.
Representative LOring Black (Dem..
N. W made a house speech charg-
ing the federal reserve board has
exceeded its jurisdiction over credit
control.
Publicly disappointed at PreSi-
dent HOover'S farm views expressed
in his message. some Republican
members of the senate committee
were reported to be preparing to
tack on the debenture or tariff
bounty scheme as an amendment to
the administration measure.
II the debenture plan is added to
the bill by the senate committee. a
serious fight is certain to develop.
This plan would provide that farm
ers get a bounty from wheat ex-
ported; that this bounty be paid in
the form of negotiable certificates,
to be redeemed by the treasury in
payment Of tariff duties on imported
produces, The idea is to make the
tariff directly effective for the bene-
fit of the farm.
The plan was advanced by Sena-
tor Caraway dem. Ark, but little
attention was paid it during the
recent hearings. Later, Republicans
indicated Mr.. Hoover might stand
for the plan and a subcommittee
was appointed to consult him. They
came away from the White House
with the understanding that Mr.
Hoover had not looked into the
plan that, inaSmuch as it was not
included in the Republican plat
form, he had not considered It fully
Approval Is Doubted
Many of the less enthusiastic farm
leaders doubt If Mr.. Hoover would
sign such a bill, bat they point out
TIC ICCOiO dS IL llUW SldiluS IIlOlCdlSS
n administration opposition to it.
Such Republicans and Hoover
supporters as Brookhart of Iowa.
Norbeck of South Dakota, and Borah
OF Idaho are inclined to favor the
plan along with the remainder of
the Republican farm bloc. including
Capper, Howell. Norris, Frazier. Nye.
La Toilette. Blaine. McNfaSter and
johnson. McNary is willing to go
along with them
AS matters stand. this group, with
the aid OF the Democrats. can swing
the whole senate.
Thursday. Friday and Saturday
are to be allotted TO general house
debate and amendments will be
taken up next Monday. with a view
to passing the bill before the end of
next week.
With many troubles besides the
farm problem on their hands. senate
leaders are in no hurry. They will
meet Thursday to make the farm
bill the unfinished business and