Evening star., 1933-01-24
Reconciliation Amendment
to Bill, Offered by Montan-
an, Opposed by Glass.
VIRGINIAN SAYS CURRENCY
HAS NO PLACE IN REFORM
Sponsor of Bryan Issue Asserts His
Proposal Would Double Worlds
Primary Money.
BY the Associated Press.

BY the Associated Press
The cry for reconciliation of silver
at 16-to-1 ratio with gold-heard far
and wide in the nineties from the lips
of the late William j. Bryan-rang out
in the Senate today as efforts were
made by Democratic liberals to attach
such an amendment to the Glass bank
ing reform bill
Over the protest of the veteran con-
servative, Carter Glass of Virginia, SEN
ator Wheeler of Montana revived the
historic issue with a declaration that
the boosting of silver prices would cure
most of the worlds troubles.
Before Wheeler spoke Senator Glass,
author of the bank bill, which the Sem
ate hopes to pass at night session to-
night, if not sooner, declared the sill
yer question was not germane to the
bank measure and that any further
moves of similar nature would be met
with demand from him that the pro-
posals be tabled.
Not a Currency Bill.
"Of course. 1 shall ask rejection of
this amendment" Glass asserted. add
ing the bank bill is to insure in some
measure good banking and it has
nothing to do with currency"
Senator Long, Democrat. of Louisi-
ana, another Liberal, interrupted to say
that has not always been the position
of the Senator from Virginia"
The Senator" Long continued, of
ferred his imitation amendment last
session to the Home Loan Bank bill
of one and fowl out of the other"
Well" Glass replied that's my
position now and that is the important
point
Wheeler said he challenged any one
last year to disprove his claim that
reconciliation of silver at 16 to would
double the value of the worlds primary
money and more than double the price
of wheat and cotton and the pur-
chasing power of silver nations.
Sees Aid to Tariff.
"Since that time he added. no
body on either side of this chamber has
disputed that Not only that, but since
then we have seen an increasing num-
Der of foreclosures of mortgages and
increased bank failures, and country
after country has gone of the gold
standard until now nearly 40 nations
are using other standards"
Wheeler referred to statements by
President Hoover and others that de-
preciated foreign currencies were low
ering American tariff protection, and
said:
RECOMMENDATION of silver will do
more to make the tariff effective than
any other piece of legislation before
Congress"
Senator Davis, Republican of Pennsyl-
vania, asked If Wheeler would not
favor placing embargoes on the cheap
foreign goods flowing into this country.
Not Bryan's Idea.
What we need to do Is to raise the
purchasing power of the other nations
as well as our own Wheeler replied.
Il have never favored embargoes be-
cause they would cut of our exports"
Davis said 95 per cent of American
products were consumed domestically.
Yes" Wheeler replied but the ether
5 per cent fixes the price of the product
domestically."
Wheeler asserted that Bryan did not
originate the 16 to l theory.
Il am asking Congress to adopt the
money system of our forefathers." he
said 1T was the money of Alexander
Hamilton and of Thomas Jefferson"