The Waterbury Democrat., 1931-12-11

Republicans "A.
 Bingham, Blaine, Borah, Brook hart, Capper, Couzens, Davis Dick inson, Goldsborough, Howell, John- son, Jones, LaFollette, McNary, Moses, Norbeck, Norris. Nye, Reed, Robinson, Shoot, Townsend, Van- denberg and Watson.
 Democrats 10.
 Ashurst. Bailey, Barkley, Black, Braiton, Byrnes Connally, Dill, Harris, Harrison, Kendrick, King, Lewis, McGill Swanson, Walsh, Mass. Walsh, Mont, and Wheeler.
 Farmer labor-Shipstead.
 Favorable l.
 Copeland.
 Doubtful 8.
 Mrs Caraway, Walcott and Smith.
 Non-committal 1.
 Wrath of Senate.
 Washington, Dec 11.-UP)- Senate wrath is rising against President Hoovers latest move toward arranging further relief in repayment of $9,000,00O,00O war debts. It is based on the theory that the president aims to ease Europe's war debts so it may repay loans owed to American banks and investors.
 This sentiment is to be regis tered, it was forecast to-day, in an attempt to attach a senate rider to the moratorium ratification which would stipulate that the senate's approval is not to be construed as acquiescence in an extension of the moratorium or in debt cancel iation. Several senators are pre- pairing to urge such a condition.
 Mir Hoover's request for revival of the war debt funding comnlis- sion to consider further debt re- lief appeared destined to encounter much opposition and a certain amount of delay.
 Senate feeling also Is manifest in the general support of the John- son resolution to investigate the circumstances under which inter- national banking house participate ed in selling some $15,000,00O,0OO in foreign bonds to smaller banks which passed them on to small in- vestors, and into estates of widows and orphans. An effort will be made to disclose commissions col- lected by bankers in these opera tions.
 These war debts and private loans are being banded about in the present controversy in Eu- rope. The allies say they can pay war debts only as they collect separations from Germany. And Germany, declaring she cannot pay both private loans and repara- tions. is agitating for abolition of reparatoins.
 The senate finance committee is expected to begin it's investigation of foreign loans Monday. Senator Johnson. repn. Cal, author of the Investigating resolution, has pre- pared a list of banking houses whose officers he desires Chair man Smoot to call These houses include J. r. Morgan & Co, Ma tional City bank, Chase National bank and Kuhn, Loeb & Co. Most of the houses in New York, Boston, Chicago and elsewhere which participated in the huge un- derwriting syndicates will be ques- toned.
 Meanwhile Smoot expected to re- port out from his committee with in a few days the moratorium rati- fication resolution. Sharp debate is expected in both houses. Ap- proval is impossible before Decem- Der 15, the date when the war debt installment to he suspended would normally be due. Ultimate approval. however. is taken for granted by all factions.
 Split on Taxes.
 Washington, Dec 11.-(UP)-A lliberal-conservative split has de- veloped in the democratic ranks over tax legislation. The question in brief is: Shall the rich be spared or shall the poor man get a break?"
 |, This difference will be the sub- i feet of debate when house and sen- ate party leaders get together in their "policy committee" meeting Tuesday to draft a tax program. Because of the controversy, agree ment on a substitute for the $2,- 900, 900, ,00O Hoover pro- posals will be delayed.
 It appeared certain to-day that the house, where such measures must originate. will not take ur tax legislation before the first of the year. Democratic Leader Rainey said the customary com- mittee hearings probably would last several days because of the numerous interests affected.
 The controversy is epitomized In the conflicting views of Rainey and Senate Leader Robinson, Rainey, one of the most liberal democrats lu the house. favors con- fining the Increases entirely Co large Incomes. He is dead set against anything that savers Of q safes tax, and many of his party in both houses agree with him.