The Waterbury Democrat., 1932-03-30
Appeal Made By
 Garner Was Obeyed
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Rep Doughton, dem, W. C., are agreed that the best thing the house can do is ito get rid of the i tax bill. Everyone seems to feel that if any adjustments are needed, they can be made later in the sen- ate.
 Automobile interests already have indicated they will make strong effort to have the senate re- move the automobile sales tax. This was adopted by the house af- ter brief protests from Michigan members. They claimed the indus- try was being singled out to meet the deficit. Amendments propos- ing to tighten the tax were defeat ed so decisively that record vote was not even asked.
 All preliminary action on the bill may be completed to-day. The house is technically in committee of the whole. Adopting changes in the original bill, when it finish- es. that work, it will report the completed bill to the house. New votes then will be taken on various sections of the measure. Finally will come the vote on passage of the entire bill.
 The budget-balancing program also demands a saving of $24l,000,- 900 under estimates of federal ex- penses for the coming fiscal year.
 Economies of $100.417,902 have been effected thus far in the five regular supply bills presented to the house. Four more bills are pending in committee.
 The savings were listed by tho appropriations committee as fol- lows: Agriculture department. $10,834,591; interior department. $6,26S,114; state, justice, commerce and labor departments, $5,56S,114; treasury and post office depart ments, $22,797.742; independent offices, $54,948,535.
 Further reductions in govern ment expenses are being worked out by a special economy commit tee, which has been deadlocked for weeks over the question of whether the reduction should be extended to government salaries. Rep Byrnes, dem, Tenn, last night resigned as chairman of this group. saying 1t interfered with his work as head of the appropriations committee. Rep McDuffie, dem, Ala, was chosen to succeed him.
 i Fears Fade in Paris. | Paris. March 30.-UP)-Th United States house pledge to bal dissipated fears that the United States might abandon the gold standard, leaving France the only important power on gold basis.
 Financial quarters hoped the dol lar fluctuation would not continue as it might cause pressure on the bank of France to make future gold withdrawals from the United States.
 l It was maintained that further withdrawals would cause continued aislocation of the international dis tribution of gold. Some quarters said that French withdrawals from London finally forced Britain to go off the gold standard.
 Movement of capital from New York to London is justified be- cause London offers a higher CO., efficient of security" the financial newspaper LTnformation said. Most business men believed that alleged fears of the United States abandoning the gold standard would be abolished by Washington finding a means to balance the budget.
 London Admits It. | London, March 30.-(UP)- Liberal members of the London press admitted to-day that alleged cause for alarm at the financial condition of the United States was not justified, after the house of representatives approved parts of it's budget balancing tax bill.
 "The feeling of alarm in Europe over the dollars future is exag- gerated," the News-C Chronicle said.
 "We believe that the pessimism | over the financial outlook in the Limited States is not justified" the | Financial Times commented.
 But the conservative press con- tinued its "anti-dollar campaign" with the following editorial ob-
 Daily Telegraph: "The United States is on the edge of water
 Morning Post: "The United States now holds priority among storm centers in the universal
 Daily Mail: "The situation in the United States is causing extreme concern"
 Dollar Opens Well.
 Paris, March 30.-(UP)-The dollar opened to-day at 25.41 francs, four points above yester- days close. while the pound steri- ing lost one and one-haif poinfs opening at 95 francs.
 The exchange rates indicated that European spectators had re. acted promptly to the pledge ol the American congress to balance ] the budget.