Evening star., 1932-09-30
House Clerk Acts After OBJ
jections Made by Chair.
man Pomerene.
BAD RESULTS TRACED
TO FIRST PUBLICATION
Final Decision on Intent of Law
Promised by Official as Soon
as Possible.
BY the Associated Press.

By the Associated Press.
South Trimble, clerk Of the House
Of Representatives, today postponed a
decision on whether to make public the
Reconstruction Finance Corporations
report on August loans, in view of OBJ
lection to that procedure made by
Chairman Atlee Pomerene of the cor
poration board
The corporations contention against
publication Of the report was released
by Trimble
Chairman Pomerene said in his letter
that Neither the secretary Of the Sen
ate nor the clerk of the House has any
such right without being thereunto es-
pecially authorized by the Senate or
the House"
Bad Results Charged.
THE publication Of the July report. "
he said, caused serious embarrassment
to a number of borrowers. 1t gave rise
to much unjust criticism.
Reports were circulated that some
Of the institutions borrowing were not
in good financial condition when they
were perfectly sound. This resulted in
Withdrawals from some of the banks
and other institutions. A number of
them have said that, while the loans
were of great benefit to them, the
good was largely undone by the pub
lication."
Pomerene referred to Trimble's de-
cision in August to make public the re-
port for the last 10 days of July, the
first period in which the law containing
the publicity provision was in opera
ton. Pomerene wrote:
Objections Are Stated.
Our objections relate to the publi-
cation of the names, addresses and
amount Of the borrowings of the banks,
building and loan associations, life in
surance companies, mortgage and credit
companies and other similar financial
institutions. because it handicaps them
IN serving their depositors and borrow
ers and particularly in making loans to
firms desirous of putting their employees
to work; and for the further reason
that no good purpose is served by the
publication Of these names at this time.
when, in very short while, the House
Of Representatives can order it done
if its members so wish.
SdlO III q SIdIClucIlt IIldt III
view of the corporations stand Il feel
justified in Withholding publication Of
the report until l have had an oppor-
tunity to carefully consider the opinion.
I will as soon as possible make known
my decision"
He had the consent Of the corpora
ton to make public Pomerene's letter,
he said
Supporting Pomerene's objection was
a brief signed by Morton G. BOgue, gen.
eral counsel of the corporation.
When he made public the corpora
tion's report covering the last 10 days
of July-the first filed after enactment
of the publicity clause in the relief law
-Trimble ruled:
1T appears from the explanatory
statements made by the committee
members in charge of the bill in course
Of passage that it was the intent and
purpose Of Congress that the reports
submitted by the Reconstruction
Corporation under 201 (B) are
to be made public. 1t is, therefore, my
duty to permit the reports filed with
me to be open to public inspection
Monthly Reports Ordered.
Under the publicity provision in the
Garner-Wagner relief act, the corpora
ton is required to file monthly reports
of its activities with the President and
both branches of Congress. When Con-
gress is in recess the reports are filed
with the Secretary of the Senate and
the House clerk On August II Trlmble
ruled that it was the intent OF Congress
the reports should be made available
for public inspection.
The Reconstruction Corporation ano
the administration opposed the inclu.
sion of the provision in the relief ac'
before its passage, but consented after
various Senators asserted in debate
that the language of the provision
would not authorize publication. Ac'
ceptance of this view was made known
at the White House.
Trimble, however. in making pubic
the first report, handed down a briel
in which he said he had no discretion
other than to make the reports public
Trimble referred to debate on the
provision, which was sponsored by
/ Speaker Garner and the Democratic
! leaders in the House. as the basis fol
determining the intent of Congress.
Trimble's counsel, who advised hin
on the legal phases of the question
4. tis cor, South Trimhle ir