Evening star., 1933-01-18
HOUSE LEADERS DROP
BALANCING OF BUDGET
UNTIL EXTRA SESSION
Compromise Plan
Proposed to End
Senate FiHbuster
BY the Associated Press.

BY the Associated Press.
Senate leaders were attempting today
to break the deadlock over the Glass
banking bill by compromise to limit de.
bate voluntarily instead of applying the
cloture rule and by modification of the
branch banking provisions of the meas
ure.
Negotiations for the compromise were
undertaken as Senator Glass, Democrat
of Virginia, sponsor of the bill, took the
floor again to defend his measure agains
the attacks of those who have led 9
filibuster against it for a week.
Reading from kilograms he had re.
ceived urging enactment of that pro.
vision of the bill to permit branch
banking within State lines, Glass denied
that branch banking would centralize
credit, contending "it would mean {
diffusion of credit
While Glass, former Secretary oI
the Treasury, held the floor, Senate
leaders negotiated with Senator Long
Democrat, of Louisiana, leader of the
filibuster, on means of breaking the
deadlock.
The basis of their proposal was that
instead CT attempting to apply the clo-
ture to limit debate, forcibly, as pro-
posed yesterday by Democratic leaders
a voluntary agreement be made to limit
debate to one hour and half for each
Senator.
Republicans Lead Move.
The compromise plan included modi-
fication of the branch banking clause
of the bill to permit branches only in
States where local laws permit them.
20 ri
but anxious to prevent further criticism
OF the Senate for wasting time, were
conducting the negotiations.
Meanwhile the little band of filibus-
terers served notice that if cloture were
applied they would tie up the Senate by
refusing to permit the transaction OF
any business by unanimous consent,
which is the Senate's most effectice way
of legislating.
The challenge was hurled by SEN
ator Thomas, Democrat, Of Oklahoma
when Senator Watson of Indiana, the
Republican leader, arose at the outset
Of the session to ask unanimous con-
sent to make previously announced
speech on disarmament without dis
placing Senator Glass from the floor.
The Virginia Democrat, author of the
banking reform measure, which has
been delayed more than a week by the
ffibuster, had the floor by prior right
to continue his lashing of Senator
Long for statements made about the
bank bill.
Refuses Unanimous Consent.
Glass yielded for the disarmament
speech, but Senator Thomas warned
while he had no objection to this in
teruption, 80 long as the cloture mo-
ton is before the Senate no business
will be done in this body by unanimous
consent"
Meanwhile, despite serious doubt thai
the Republicans win give the necessary
votes to invoke cloture and help the
Democrats to smooth over their differ
ences, Thomas said of the floor unless
the cloture move was withheld he would
propose a resolution that would mot
look so good for some of the people
who are supposed 10 be leaders here"
He did not indicate the nature of the
resolution, but said it would be en-
barrassing to the leadership even II
introduced.
Senator Wheeler, Democrat, of Mon
tana, who has been seeking currency
expansion, also protested the cloture
motion on the floor.
He said he and some other Senators
wanted to discuss the branch banking
feature of the Glass bill ION its merits
and 1t was mot fair" to impose cloture
until they had had an opportunity to
speak.
Wheeler said he appreciated the
pressure of the press and the big
bankers behind this bill,' but said thus
far only two Senators, Glass and Long,
had spoken on the bill.
Long Ready to Garry On.
Long was prepared to ask the floor
when Glass concluded. His desk piled
high with books, topped with a Bible,
the Louisianan has given no hint that
he would relent in his filibuster, al
though some efforts at compromise have
been exerted.
Ihe latest compromise move on the
branch banking feature was understood
to revolve around an amendment by
Senator Bratton, Democrat, of New
Mexico, limiting Statewide branches
10 national banks having a capitaliza-
tlon Of $5C0,000 or more and confining
smaller banks to city-wide branches.
The Glass bill as it stands now would
permit branches in all States regardless
of whether State laws prohibit branch
banking, If the banks had a capitaliza-
ton of $4,000 or more, but the Vir-
gnian has said he would offer on
amendment to limit the provision to
States now permitting branch banking
among State institutions.
Meanwhile, in the House, Representa-
tive GoldSborough of Maryland. Demo-
cratic member of the Banking Com
mlttee, said powerful interests" were
attempting to "foist" the branch bank
ing feature OF the Glass bill upon the
American people
The same influence is behind this
branch banking provision that was be-
hind the moratorium" he said.
Approved by Bankers.
1T was those who sold something like
1000, 100000 of worthless foreign Sc
curities to the American people that fa-
vored the moratorium They were in
favor not only of the moratorium but of
cancellation.
They wanted the debt to the people
to be Cancelled and the debt to them
paid
Representative McFadden, Repub
llcan, OF Pennsylvania, critic of the
President Hoover and his foreign debt
policies, interrupted to say that the
program given congressional leaders at
a White House meeting previously had
Continued on Page 2, Column A.
SAYS ROOSEVELT
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