The Waterbury Democrat., 1932-07-07

(Continued from Page U
 Roosevelt asked that the "man at the bottom of the economic pyramid" be given as much help as given the man at the top. Bankers denied such help was not being given. But a few weeks later fed eral reserve districts organized master committees to correct de- fects in the reconstruction finance corporations operations so that the small business man and home owners could get some of the money hoarded by banks.
 House democrats, therefore, have indicated they accepted the issue and plan to pass the Wagner Garner measure by night. It was to go before the house by noon.
 The congressional conferees agreed to some compromises with the president after long White House conferences Tuesday night and Wednesday. They acceded to MT Hoover's demand that the $500, 100000 fund for direct re- lief loans to states and cities be allotted on the basis of need. The billion dollar public works pro- gram of the original Garner bill they scaled down to $332,000,000. Only $190,000,0 900 of this would be undertaken by the federal govern ment The other $132,000,000 would be loaned to states for highway construction.
 Democratic leaders counted on republican insurgents headed by Representative LaGuardia of New York joining their forces to assure passage of the bill.
 / The democratic whip, Represen- tative McDuffie of Alan1aba, has been frantically telegraphing ab- sent democrats to be on hand for the vote. Many of the democrats had gone home for the Chicago convention to plunge into election contests.
 Republican whips were working similarly to hold their forces in line. They feared some of the reg ulars might desert the president, on the ground that to vote against the relief bill would place them at a disadvantage in their reelection campaigns.
 If the house adopts the bill to- day, similar senate action would be expected tomorrow or the next day. MT Hoover then would veto lit. Some senators believe enough republicans might switch on the second vote to override the veto but Garner and other democratic leaders do not believe this can be done.
 Both parties, however, are de- termined that some relief legisla- ton be enacted before congress ad- journs. If the democrats were un- able to override a veto, the only course would be to pass a new measure acceptable to the presi- dent. This undoubtedly would lead to long debate.
 Speaker Garner flung his chal- lenge to MT Hoover in a dramatic address before the house yesterday his first utterance since he was nominated for the vice-presidency.
 He declared the issue was sim- ply whether the reconstruction corporation should make loans only to Special interests or to "all the people," ..
 We now proposed to add $1,- 800, 100000 to the funds of that corporation" Garner said, that much of the money of the people of the United States, and we pro- pose to say that from henceforth on there shall be no class legisla- tion and no class borrowers, but that the whole people of the United States are going to share in it.
 T believe you have got to have some reservoir of relief, federal in its nature, or you are going to have riot in this country. You might as well be plain about this"
 President Hoover replied to Garner in an 1,800-word statement. He placed on Garner all the blame for failure to reach an acceptable compromise. He said Gamers pro- posal would turn the reconstruc- ton corporation into "the most gi- gantic banking and pawn-broking business in all history" and would result in "the squandering of hun dreds of millions of dollars of pub lie funds"