The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1932-06-03

porters from boiling TO the Garner
plan. The republican house steer
Ing committee, headed by Minor
ity Leader Smell, decided to under
take real vote-getting campaign.
I'VE will fight the public works
bond issue proposal Carried in the
Garner bill In excess Of $1,000
100000" Smell said, "and we
are opposed to the 500, O00, 900
fund for federal relief Of distress.
After all this trouble In balancing
the budget, we are not going to
SUPPORT legislation which will UNI
balance IT,"
Rep Hawiey, republican, Ore,
meantime introduced President
Hoover's own program In the form
OF two bills. 9
They would provide that all fed
eral efforts toward unemployment
relief be carried out through the
Reconstruction Finance Corpora
ton.
The borrowing power of the corr
000,000,00 This is In add
stock subscribed by the govern
ment.
The corporation would be en-
powered to loan up to $100,000.000
for farm relief: $300,000,000 to the
states for direct relief Of distress:
and hundreds of millions to states,
municipalities and corporations
who would guarantee to undertake
"sclf liquidating' construction
work that would provide added
employment.
The administration program was
regarded as having slight chance
Of seeing the light Of day In the
house. The banking and currency
committee. to- which II was re-
ferred, Is top-heavy with regular
democrats who usually cooperate
with Speaker. Garner.
Tax Bill Passed
Washington. June 3-(UP)-
Americas billion dollar tax bill as
completed and revised by house
and senate Representatives was
ready for Anal approval to-day and
will be rushed TO the White House
for President Hoover's signature
probably Saturday.
The presidents signature will
make the bill q law imposing I'M
precedented peace time taxes on
the American people. But the bill
meets all the treasury department.
requirements for balancing the
federal budget, thus offering un-
uiestionab bic assurance OF the gov
ernment's financial Boundness.
Conferees charged with recon-
Cling differences In the tax bill az
originally passed by house and
senate completed their work In
record time for 80 important a
measure. With only two brief in
termissions, they labored In a
closed committee room continuous
ly, for 10 1-2 hours.
At 1890 last night they emerged
shirt. sleeved and tired, to announce
that the Job was done. They de-
clared that the final bill met the
needs set forth by the treasury and
would balance the budget, provid-
cd contemplated government saw
ings were put through.
The $23s,605,000 economy bill
to achieve these savings was still
in the grip Of O senate rebellion
over the proposal to save $l21,000,.
900 by cutting 10 per cent from the
pay Of every last federal official
and employee except the enlisted
men OF the army and navy.
Three amendments to exempt
low salarics employees from the cut
have been offered and more are In
the ofiing. The fat 10 per cent re-.
duction was defended only by
members OF the economy commit
tee who urged II.
The conference report on the
tax bill was to be formally laid be-
fore the hous at noon. Under the
rules, It must lie over one day. be-
fore final action In taken. Leaders
will make every effort to rush the
measure to final passage In both
houses tomorrow.
Little II any delay was expected.
Both houses are committed to
balancing the budget and are gen.
orally disposed to accept whatever
compromises may have been made
by the conferecs.
The conferees pledged them
selves to secrecy TO avert last
minute drives by lobbyists. But 1t
was learned they agreed to the
senate's high income and surfaces
and the tariffs on oil, coal, lumber
and copper.
IT was considered certain, too.
that taxes added by the senate at
the last minute to bring the total
up to the treasury's needs remained
In the bill--the one-cent n gallon
tax on gasoline, the electricity tax,
the estate and gift levies. Practi-
cally all the excise taxes on special
articles ranging from automobiles
to chewing gum were believed In
tact.
In the senate wage-cut dispute.
Senator johnson, republican, Calf.
proposed exempting all salaries up
to $500. This would save less
than $10,000,000. Senator Norris,
republican. Nebr. offered a SLIDING
scale of s to rs per cent reductions
above $500. Senator Thomas,
democrat, Okla, proposed another
sliding scale only $1,000 exempted.
Senator Borah, republican,
idaho, threw himself into the fight
against cutting small salaries.
He declared large scale savings
could be made In the army and
navy.
johnson denounced the fat 10
per cent cut as "small and cruel"
The reduction would deprive low
salaried clerks of the Necessities
of llfe," he argued.
ITO tell me this country IL going
per cent from the small salaries OF
small people Is n thing that can
not accept" the Californian de-