Evening star., 1933-01-13
THOMAS RESUMES
FILIBUSTER AGAINST
BANKING MEASURE
Continued From First Page.)


loaned two billions to banks, railroads
and insurance companies, and the Fed
eral Reserve Board had bought $1,l00,-
OO0, 900 in bonds. and continued:
"The r. +. C. hasn't loaned a single
penny of actual money. It has loaned
nothing but the credit of the people.
When the Federal Reserve system
bought its bonds, the banks received the
money and returned 1t to the system, so
the transaction accomplished nothing.
Holds Actual Money Is Less.
"Tn IL months time, the Government
has placed in existence over $4,000, ,000,-
900 in what some people think is money,
but we have the fact that there Is $751;
00o,0 less in actual money in circu-
lation."
Thomas paused and, noticing there
were only half dozen or SO Senators On
the floor, held up the Constitution,
quoted briefly from It, and added, mot
all the Members Of Congress realize the
heavy responsibility that rests on their
shoulders
He called of the names OF those IN
the chamber, and Just then saw Senator
Glass walking toward him. ~
IT see coming in the door the dis
tinguished junior. Senator from Vir-
gtnia," Thomas added
II beg the Senator's pardon" re-
tarted Glass. "I haven't been out the
door. I've Just been walking around"
To end the filibuster, hackers of
Senator Glass, Democrat, of Virginia,
author of the banking bill, proposed to
invoke the drastic cloture rule-limiting
debate and forcing vote. Its chances
of success were doubted, however, since
it takes two-thirds vote to make 1t
effective.
Wheeler Seeks Imitation.
It was talk of the drastic cloture rule
that brought Wheeler into the contest
late yesterday with an argument for
currency imitation. And later, after
Glass and others had forced the first
night session, Thomas spoke against
the banking measure and demanded
legislation to help the needy.
Thomas spoke for about three-quar-
ters Of an hour and then Senator Wat
son Of Indiana, the Republican leader,
moved a recess, leaving Long and his
hackers in possession of the floor.
The tall, white-haired Oklahoman
read a number of telegrams from
citizens in his State, including one from
the State banking commissioner, OBJ
jecting to the bills branch bank pro-
visions.
The general tenor Of the Thomas
telegrams was that branch banking
would destroy home-owned State banks
and wreck individuality in banking.
Thomas told the Senate 1t had been
in session six weeks and the country
was in the fourth year of depression,
without proper remedial steps being
taken.
AT trial November g." Thomas
90 nra \
an administration wrecked and a po-
litieal party injured, If not destroyed"
Democratic Victories Reviewed.
He then reviewed Democratic victories,
and turned back to the barking bill
with the remark that hungry people
and farmers can scarcely get a hear
ing, yet when the financial interests
want one, it's eaSy-even to the extent
of holding the Senate in session at
night time and arresting Senators and
bringing them here"
He grinned at Glass as he said this,
referring to Glass motion that the
sergeant at arms be instructed to bring
in enough absentees to make quorum
when q roll call showed three members
short Of the required 49.
Glass interrupted him at one point
to term utterly preposterous fabrica--
ttOnS statements tnaC the Dill hau not
been looked into fully and all points
thoroughly investigated.
Just q moment later Glass called
"the grossest injustice" ever done him
the hearing of an independent banker
held last Saturday by the Banking
Committee, contending the bill was not
properly before that committee as It
was before the Senate for considera-
ton.
When Thomas said q great deal Of
pressure was being brought to put
through the bill and there was much
propaganda in its behalf, Glass, with q
show OF anger. broke in and said:
Does the Senator mean he believes
undue or sinister influences have been
brought to bear?'
Thomas said he did not mean that.
particularly II Glass thought it an
piled to him.