Evening star., 1933-01-22
Only Thomas to FiIibuster
Against Final Vote on Re-
StriCted Measure.
PROPOSAL OF BRATTON
IS ACCEPTED, So T017
Permits National Banks to Set Up
Statewide Branches in States
Authorizing This Method.

Dill was In sight last night-With COM
promise smoothing the way-but the
Houses course was less clear cut.
After both Democratic liberals and
conservatives had yielded partly to put
through a restricted branch banking
proposal only one Senator-Thomas of
Oklahoma-stood in the way of a final
vote, and even he agreed that his vocal
chords alone would not stand the
pressure of fllibuster through night
sessions planned for next week.
Thomas described the compromise as
the entering wedge for universal branch
banking and asserted he would attempt
10 strike 1t out and do lot more talk
ing against the bill to support his de-
mand Tor greater expansion of the cur
rency.
Threat Not Taken Seriously.
Democratic Leader Robinson did not
take the threat seriously, however. and
1t was generally agreed that without the
support OF Senator Long, Democrat, of
Louisiana, who Leo the more than a
weeks fibuster, the Oklahoma Demo-
crat could not prevent the legislationS
approval by the Senate.
Roblnson predicted passage next week.
but IN the House Democratic members
OF the Banking Committee which they
dominate voiced disapproval of some of
the bills provisions and said 1t would
never get out Of committee there.
chairman Steagan Of the House COM
mlttee said branch barking lis q means
OF further centralizing control Of cur
rency"
The compromise, approved by the
Senate. 50 to II, was proposed by SEN
ator Bratton, Democrat, of New Mexico.
Senator Wheeler, Democrat, of Mon
tana, called it up and obtained unani-
nous consent for the vote. It would
permit national banks to establish State
wide branches in States specifically au-
thoriAng branch banking In their own
systems which there are only nine
at present. The original clause would
have permitted branch banking IN all
States.
List Of Nine States.
The nine States are Arizona, Cali
fornia, Delaware, Maryland, North
Carolina, Rhode Island. South Car0.
lima, Vermont and Virginia.
The parent bank, under the compro.
mise, also must have a capitalization
OF $5O0,0OO or more, except in States
OF less than 100000 population and
having no city of more than 100 900,
where the capitalization minimum u
$3.50, 1000.
The vote found Senators Robinson of
Arkansas, who tried unsuccessfully on
Thursday to invoke cloture to break the
hlibuster; Long. and Glass, Democrat,
OF Virginia, author of the bill, lined-up
Tor the compromise and all expressing
hope for quick final vote.
Other provisions Of the bill face con-
siderable opposition, especially that re-
quirng banks to divorce themselves
from security afhliates in three years,
but compromise on this also was pre-
dicted by leaders.
Glass said he would have preferred
the amendment of Senator Vandenberg.
Republican, Of Michigan, to permit
branches in all States, but confining
the practice to the taking over of ex-
1Sting units and prohibiting establish
ment OF new branches except in COM
munitieS having no banking facilities.
Never Came to Vote.
This never came to vote, however.
the Bratton amendment to save the
remainder of the bill and to test the
sincerity and integrity of this alleged
debate -limiting) agreement"
Long interrupted to say lit seems to
some extent that opposition to the
Glass bill has faded" He told Glass
an historical review" of the past few
days would not help to bring about q
final vote.
Vandenberg said the Bratton amend
ment would prohibit branch banking in
SO States unless affirmative legislation
action were taken by those States.
His amendment, he said, would have
been an "even more drastic" limitation
with respect to the realities of the
menace of branch banking and would
have permitted it only where there was
an absolute public necessity"
Thirty three Democrats, IL Repub-
licans and the Farmer-Laborite, Ship
stead of Minnesota, joined in voting
for the Bratton compromise, which
Senator Norbeck, Republican, OF South
Dakota, amended to lower the capltal-
zation requirement in the ess-populated
States.
Roll Call On Compromise.
Fifteen Republicans and two Demo-
Gratis opposed it. The roll call follows:
For the Bratton compromise were:
Republicans-Barbour Blaine, Borah,
Brookhart, Capper, Cutting. Dale, Davis,
Dickinson, Frazier, Howell, Kean. La
Toilette, Norbeck, Nye, Oddie, Robinson
of Indiana, Schuyler-18.
Democrats Bailey, Barkley,
Bratton, Broussard. Bulow. Byrnes.
Connally, Coolidge, Copeland, Costigan.
George, Glass, Gore, Hayden. Kendrick.
King, Lewis, Logan, Long, McGin,
Nicely, Reynolds, Robinson of Arkansas.
Russell, Sheppard, Smith, Swanson.
Trammell, Tydings, Walsh Of Massa-
chusetts, Walsh of Montana and
Wheeler-33.
Farmer -Shipstead-1.
Total-52.
Against:
Republicans-Austin, Bingham, Couz-
ems, Fess, Glenn, Grammer, johnson,
McNary, Moses, Smoot, Steiwer,
Thomas Of Idaho, Vandenberg, Watson
and White-15.
Democrats-Fletcher and Thomas Of
Oklahoma-2.
Total-17.
A.