Imperial Valley press., 1932-04-14
DEF|C| 7
ANN0YS
SENAT Re.
Seeks To Find Some SOlu-
ton For Greatest Peace
Time Debt.
TAX ROW GOES ON
Hoover COnfers With Trio
Of Administrations Ad-
viSers On Finance.
BY LYLE C.. WILSON
United Press Staff Correspondent

OHIIcu EFcSS otdli Correspondents
WASHINGTON, April IA. -
knowledge that the United States
this week became the first nation
in all history to achieve a peace
time deficit of $2,0OOOOO,OOO goaded
the senate today toward solution of
problems of taxation, credit and the
budget.
Democrats and the administra-
ton are warning again over taxes
although revenue bill delay disturbs
business. But senate spirits were
frightened somewhat by the con-
clusion of leaders that the bonus
bill probably will be beaten in thk
upper house.
The banking committee inveSti-
cation of the stock market is over
until Monday, with members
threatening to retain Samuel Un-
termyer to prosecute the inquiry
from that day onward. The COM
mittee meets today to vote finally
on the Glass banking bill to keep
commercial credit out of the spec
ulative market.
Senator Harrison CDem) MiSSiS-
sippi, charges Secretary of Treas
ury Mills with evading tax respon-
sibility by refusing to submit a new
tax program to the finance COM
mittee. Mills will appear before
the committee at 2 p. m.
Democrats want the administra-
ton to share with them the bonus
of placing new tax burdens on the
people. A series of telephone calls
obtained Mills agreement to ap-
pear but he did not p-gnise to
bring a new tax program with him.
BY HENRY r. MISSELWITZ
United Press Staff Correspondent
WASHINGTON, April IA. A
split in the house economy COM
mittee today gave President
Hoover a distinct advantage in his
fight to block separate action on a
federal pay cut and get his entire
economy program in one piece Of
legislation.
The President has prepared a
new memorandum which members
of the committee expected the
budget director, j. Clawson Roop,
to present during the day.
Hoover, meanwhile, was in con-
ference with three of the admins
tration's financial leaders, Secre-
tary of Treasury Mills, Governor
Meyer of the federal reserve board
and President Dawes of the re-
construction finance corporation.
Speaker Garner and Represen-
tative Smell (Rep) New York, mi
ncrity floor leader in the house,
both appeared before the commit
tee during the tumultuous morning
session. Neither would comment.
Smell, in response to inquiries as
to whether the committee would
about face and favor single econ
omy bill, said:
II simply don't know and neither
do they-that'S the truth of the
matter. They are still talking it
over"
Until they met with President
Hoover yesterday, the committee
had been lined up to bring up the
salary cut item in the general
economy program today. However,
the President brought strong pres
sure to bear favoring his so-called
omnibus bill' to save 5000, 100000
in 1893 and balance the budget and
the committee split, throwing the
advantage in his favor.
The three Republican members
of the committee lined up with
Hoover, it was indicated. Repre-
sentative Douglas Dem) Arizona,
also felt 1--WE should put all the
items into a single bill"
Representative Cochran Dem0
Missouri, was among those strongly
in favor of bringing out the sal
airy cut bill.
"I think we can put it over"
Cochran said. "If you put all
these things into one bill the var
;o,,c LIo,e mill hoot n