The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-06-29

stances.
M HII.E this sort of talk was go
w ing on in the conference hall.
Great Britain and Italy were plan.
ming to evade payment of the great
er part of the installments due the
United States on June 10. and
France was calmly ignoring the
fact that she also was due to make
payment on that date. her gov.
eminent being determined to do
nothing about 1t. The British Of
fered to pay $1O.OOO,OOO of the S79,.
$4,000 due.
President Roosevelt's reply to the
British offer. eagerly awaited, was
that the United States would &C.
cept the partial payment only with
the explicit understanding that the
money was just an installment on
the sum due and that such action
should in no way invalidate Amer.
ica's claim to the unpaid re-
mainder.
Mr.. Roosevelt advised the Brit
ish that as soon as possible they
should make whatever representa-
lions for revision Of the debt they
desire to offer, and In Washington.
He said he had no power to reduce
or cancel the debt but would sub
NIT the results of the negotiation
to congress.
Under the new imitation bill the
President Is authorized to accept
silver In payment of debt INSTALL
ments at the value of so cents an
ounce. So the British paid in silver
obtained from India.
MAR debts. as much as 1discord
w over the matter of war vet
erans' benefits. caused delay in the
adjournment of congress, though
the latter question was the ostensi.
BILE reason. The senate appeared
determined to stay In session until
it had learned all there was to
know about the offers Of partial
payment and the Presidents re-
Spouse. The senator's had known
for a long time that Mr.. Roosevelt
wanted them to get away before
June Is. and Robinson of Indiana
read to them cabled dispatches
from London saying that Chancel-
lor Chamberlain was waiting for
congress to adjourn before an
nouncing his offer of 10 per cent
payment. So they decided to stay
on the job little longer.
On the surface the delay was
due to disagreement over the modi-
fication of the Presidents program
for reduction of veterans benefits.
part Of the Independent offices
bill. The house had accepted the
compromise, but 20 Democratic
senators and Shipstead, Farmer-La-
borite, Joined with q Republicans
in voting to recommit the measure.
Then the senate adopted the Gut
ting Steiwer amendment, which
would increase veterans compensa-
lions by about S135, OOO. 600, though
the President had said he would go
no further than $1OO.OOO.OOO. It was
expected the house would accept
the senate plan and that Mr.. Roose-
velt would veto the entire bill. But
the house showed signs of going
along with the President, so the
Democratic senator's changed their
mind and, after a hot debate. ac-
copied the program it had previ-
ously rejected. The bill was passed
by vote of As to 36, and what had
seemed to be the first defeat for
the President was turned into q
victory. Congress then adjourned.
IN OTHER respects the senate
acted swiftly in completing the
legislation the President had asked.
The important bills enacted includ-
ed the almost terrifying industry
control-public works measure; the
Glass-Steagall banking bill which
makes provision for limited deposit
guarantee January 1, 1884. unless
in an emergency ordered earlier by
the President; and the fourth. de
ficiency bill carrying the largest
appropriations ever made In peace
time. The home owners loan act
setting up a $1,000. 900. 900 corpora.
tion for home loan mortgage relief
already had been passed and was
signed by the President. who at the
same time issued an appeal to mort
gage holders to desist from fore
closures until the new agency can
begin functioning.
The industry control bill did not
get through without fierce Opposi.
ton from Is of the more radical
Democrats and % Republicans. all
led by Senator Borah, who especial.
ly denounced the giving of vast
power to Gen. Hugh Johnson. the
man selected as the administrator.
The senate rather ignored the
executive order which President
Roosevelt had transmitted. provid-
ing for regroupings. consultations.