The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-04-29
House Will TAKE
QUICK ACTION ON
OMNIBUS MEASURE
Enactment Contains Farm and
Mortgage Relief and lnfIa.
ton Provisions
ACCEPT SILVER AMENDMENT
Government Empowe red to
Take 500, 900, 900 in White
Metal on War Debts

Washington, April 29.-tRespeedy
house action was promised Saturday
to complete congressional approval
and give the administration unprece-
dented machinery to initiate the cur
rency and increase farm prices.
Concluding three weeks Of turbu-
lent debate, the senate Friday night
voted the sweeping power by "a to
20 after defeating soldiers bonus
amendment and authorizing the &C.
ceptance Of up to 5000, 900 900 in sill
yer on war debt payments.
Speaker Rainey will seek to send
the omnibus farm Rehabilitation
legislation to conference Monday for
adjustment Of senate and house DIFF
ferences. The house already has ap-
proved the farm relief sections.
which contemplate price lifting and
mortgage-easing through refinAnc-
ing at lower interest rates.
Rainey said Secretary Wallace will
sit with the conference committee %
it attempts to agree on the final
form Of the bill, some changes hay
ing been made in the senate which
he regards as vital. What these were
the speaker did not say.
The initiation legislation was added
to the farm bill in the senate and
gives the president q choice Of meth
DDS for undertaking Q controlled O..
pansion of credit and currency.
In a succession Of roll calls. the sen-
ate rejected the soldiers bonus plan
by 60 to %: approved the silver pro-
vision by So to 80: passed the inf1A-
ton section by a to a, and then
rolled up a final, sweeping majority
of "a to 20 for the entire measure,
including initiation.
Democrats Almost Solid
Only three Democrats voted against
initiation Glass OF Virginia, Bailey
Of North Carolina and Bulkley Of
Ohio. On final passage Of the en-
tire bill there were only four Demo-
Gratis in opposition. Clark OF Mis-
souri, voting with those who were
against initiation.
The farm sections authorize Sec.
rotary Wallace to attempt higher
farm prices through marketing agree
ments and controlled production, and
through the levying Of processing
taxes and licensing fees. =
The initiation section contemplates
first an expansion Of credit up to
So, 600 900 600 through open market
purchases Of government obligations
by federal reserve banks. II this does
not serve to lift prices, the president
would be empowered to:
Direct the issuance of 5000 100000
in treasury notes or new currency to
purchase outstanding government OBJ
legations and provide for appropria-
lions to redeem per cent Of the
notes annually for Is years.
Lower the gold content Of the dol
lar by not more than so per cent,
either by proclamation or by IN In
ternational agreement looking to .
Of world currencies and
exchanges.
Fix Minimum Price
Accept up to $500. 900 900 in silver
at not more than so cents an ounce
as payments on war debts due this
country in the next six months; to
issue silver certificates against the
silver and coin the metal to meet
any demands for redemption Of the
certificates.
Remonetize silver at q ratio with
gold fixed by the president and pro-
vide for free coinage Of both gold
and silver at such ratio.
The roll call included the follow.
ing northwest senators:
Minnesota For: Shipstead and
Schall.
North Dakota-For: Frazier and
Nye.
South Dakota-For: Bulow and
Norbeck.
Wisconsin-For: In Toilette. Paired
for: Duffy.
Montana-For: Erickson. Paired
for: Wheeler.
The final roll call on the initiation
plan showed:
Minnesota-For: shipstead; against:
Schall.
North Dakota-Nor: Frazier and
Nye.
South Dakota-For: Bulow ana
Norbeck.
Montana For: Erickson and
Wheeler.
Wisconsin-For: La Toilette; un.
accounted for: Duffy.
= =