Evening star., 1931-12-18
HOUSE WILL SPEED
ACTION ON HOOVER
MORATORIUM PLAN
Democratic Leader Says
Session Will Continue Until
Resolution Is Passed.
MEASURE is ATTACKED
IN REPORT OF MINORITY
Collier Supports Proposal in Fa-
vorable Draft of Ways and
Means Committee.
BY G. GOULD LINCOLN.

The Hoover moratorium joint reso-
hutton was laid before the House today
and plans made to speed its passage.
The resolution was taken up in the
House for consideration soon after that
body met at noon. Mid applause Rep
preventative Rainey of Illinois, the
Democratic floor leader, announced
that the House would remain in ses-
sion until it passed the resolution, "if
it has to stay all night"
Agreement was reached for eight
hours of general debate on the reso-
luton and Chairman Collier of the
Ways and Means Committee, who made
House, opened the debate.
This is no partisan measure" said
Mr.. Collier. TT was primarily de-
signed to aid in relief of the depres-
sion in this country and other coun-
tries, a depression which was the out
come of the greatest war in all
creation"
The Mississippi Representative con-
tinued:
They talk about cancellation in con-
nection with this resolution. This reso-
luton provides only for postponement
of the payment of the debts by the for
bers Of this House have had in the past
to ask for an extension of time for the
payment of money borrowed from the
bank? That is not cancellation, nor
is this"
Mr.. Collier said he had been in
formed that 279 members of the House
had agreed to the moratorium pro-
posal when the President originated it
last Summer.
Nations Accept Proposition.
Mr.. Collier was questioned by Repre-
sentative VinSon of Kentucky regarding
the willingness and ability of Amepica S
largest debtors, Great Britain, France
and Italy, to make the payments due
this year in an effort to show that
America might well have benefited by
those payments instead of pcstponing
them.
The chairman replied that while the
moratorium had been initiated by Presi-
dent Hoover in an effort to stem the
tide of financial disaster. the three ma
tions referred to had all accepted the
proposition. He said the situation
abroad in some of the European nations
had been tremendously seEisAss similar
to conditions in this country II America
were confronted with a breakdown of
the Federal Reserve system.
1T was no time to exact a pound
Of flesh from any nation in Europe"
said Mr.. Collier, while his colleagues
applauded. Il believe that this mora
torium was an honest effort to get
this country and the world at the
financial depression. 1t is a matter
that far exceeds partisanship. When
ever the President of the United States
brings to this House proposal which
I believe to be in the best interest
of the people of the United States I
intend to support it.
There comes time in every mans
life when he must take the big SIDE
or the little side of an issue. Today
I am going to take what I consider
the big side of this issue
Representative Sanders of Texas,
Democrat, an apponent of the morato-
rum resolution, followed Mr.. Collier in
the debate with a sharp attack on
the moratorium, following, in the MAN,
the line taken in the minority report.
Will Take Up Other Bills.
The Democratic leader, Mr. Rainey.
when he announced the intention OF
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