Evening star., 1933-05-28
AGREE ON JUNE 10
FOR ADJOURNMENT
President and Robinson Sure
Congress Can Complete
Work in Two Weeks.
SrG. GOULD LINCOLN.


June 10, Senator Robinson of Arkan-
sas. the Democratic leader, declared
yesterday after a conference with Pres
ident Roosevelt at the White House.
The President and the Senate leader
agreed to this date for adjournment.
IF the spirit OF cooperation which
has made possible action on many i'm
portant bills already passed is main
tanned. and 1 have no reason to doubt
that it will be maintained, we can
finish our work during the next Two
weeks said Senator Robinson.
The two questions, tariff and war
debts, which have hung as cloud
over early adjournment Of Congress, IN
the opinion of the Arkansas Senator,
are not now going to prove obstacles.
President Roosevelt. he said, has IN
mind a recommendation with regard TO
tine tariff which should not occupy
the Senate more than day.
Details Not Disclosed.
While Senator Robinson did not un-
dertake to detail the President pro-
nosal he let it be understood that the
PRESIDENT would in all probability seek
fine massage of a resolution by congress
giving the Chief Executive power 10
negotiate reciprocal tariff agreements
with foreign nations, and tnat tnese
agreements would later be suomltteo 70
tSe Congress, giving that body power
through a concurrent resolution 10 Ve'o
the agreements if it SO desired.
The President would pe eHpoMei;Eee
+o increase as we'll as to lower taruis
Of the raJeS III
syistence, possibly so per cent. Inc
ogreements and new rates would De
s,1hmitted to the Congress when II
meets next January, unless 1t snoulo De
called in special session earlier anu
the Congress would have oo Gays III
which to act upon them. II no acllon
were taken by the end Of that time
they would remain in effect.
So far as the war debts are con-
cerned it is not expected that the
president will ask any power that ne
does not now possess under the law 10
deal with them. Senator RooinSonl,;
however. believes the President Wul
send to the Congress full information
about the debts, and the prooaolhty o.
payment or non-payment OF the 1uns
is installments due TINS country, anu
that he may outline in his message
WIdD COul &c llC AiVSAAN%S W
regard to the, debts.
Senator Robinson does not expect the
tariff and debts messages from the
President until most of the legislative
matters have been disposed OF.
Status of Legislation.
As outlined by the Arkansas Senator,
the situation regarding legislation still
in the making is as follows: The Sen
ate has still to put through the puonc
works industrial recovery bill, which
passed the House Friday. It must act
on the home mortgage bill, now report
ed to the Senate and already passed
by the House The Senate also must
put through the administration bill to
cancel the gold clause in Government
and private contracts.
When these measures have been
acted upon, together with the indie
pendent Offices appropriation bill, which
is now the unfinished business of the
Senate, and the administrators farm
credit administrative bill and a few
conference reports, the Senate will be
in a position to adjourn. The House
Is in even better position, and under
its rules can act more speedily than
the Senate in pinch.
The gold clause bill has been report
ed favorably by both the House and
Senate Banking Committees, and its
passage by the House is expected to-
morrow, or certainly by Tuesday. 1t
will be opposed by several Senators
when it comes up in that body, as it
Is expected to do as soon as the inde-
pendent Offices appropriation bill has
been disposed Of Among the senator
ial opponents are Glass of Virginia and
Reed of Pennsylvania, who charge re
pudiation. But it is expected to be
written into law
The Senate pressed on yesterday in
its legislative drive, passing the admin
istration railroad bill, which provides
for a co-ordinator. This measure now
goes to the House, where a similar bill
has been introduced, but still remains
TO be acted upon.
Farley to Take Up Bank Bill.
The Glass -Steagall banking bill comes
up for consideration in conference be-
tween the two houses tomorrow. This
measure, far reaching in its effect on
the banking system, has not up to this
time been considered an administration
measure.
Indeed, Senator Glass is authority for
the statement that it has not been
aided one iota toward its passage by
the administration and that Secretary
Of the Treasury Woodin has opposed it.
Nevertheless, administration Sena-
tors, including Senator Robinson of Ar
kansas and Senator Byrnes of South
Carolina, both expressed the opinion
would sign the bill if and when it is
sent to him. Both Senators expressed
the belief the differences between the
two houses over this bill would be
ironed out and that it would be sent
TO the President for his approval
The Glass bank reform bill and the
Steagall bill, too, both carry provisions
which would compel the house Of Nor
gan and other private banks to give up
being banks of deposit if they continue
to do an investment banking. The Glass
bill contains a provision also that
would make it impossible for the part
ners of the Morgan firm to continue as
members of the boards Of directors in
great industrial concerns as they now
are.
But of far greater importance, the
bill makes 1t impossible for the vast re-
sources of the Federal Reserve banks to
be used for the purposes OF speculation
on the stock market. And the bill pro-
vides for insurance of bank deposits, in
full or in part. depending upon the size
Of the deposits
Will Resume Work Bill Hearing.
The White House has locked askance
upon insurance Of bank deposits. But
the demand for such insurance has
rolled up overwhelming maJorities In
both House and Senate.
The Senate Finance Committee.
which now has jurisdiction over the
administrations public works and
utilities bill. is to resume hearings on
the measure tomorrow, but. it is eX-
pected to get down to the work Of pass
ing upon the bill promptly and to bring
the measure into the Senate for early
consideration.
There has been wide criticism Of the
tax provision in this bill as 1t was
passed by the House the attack center
ing on the proposal TO increase the
normal income tax rates from to 6
G~1@ Q Of 20 a