Evening star., 1933-04-26
SENATE PREPARES
/. TO PASS INITIATION
Democrats Confident of Ad-
ministration Victory by
2-to-1 Vote Today.
Continued From First Page.)


Reed as an "adroit and crafty lawyer
who had formerly been employed by
Mellon ard the steel, insurance and
banking interests and said he had
either appointed himself leader of the
imitation opposition or been named by
Mellon and Mills, Hoover Secretaries Of
the Treasury.
He declared Mellon and Mills had
made q mess" Of directing the Ma
tion's fiscal policies and that the new
administration should be given an op-
portunity to improve upon them.
And SO those are the three-Mellon,
Mills and Reed-who are appealing to
the people to send kilograms to stop the
passage of this legislation" he said.
1T takes good deal of nerve on the
part of this group. to come here now
and lead a movement to tell us what
to do. Don't you think it would be in
much better taste if they would rest in
the shadows Of their failure to let q
new group now in power try to improve
things?"
At another point, Harrison told Reed:
"The leadership Of one party is just as
much for sound money as the other.
The Senator knows the man in the
White House would do nothing to take
the property from one person and give
1t to another"
Harrison said the Republicans had
tried their little sugar coated inf1a-
ton" with the Reconstruction Finance
Corporation and by increasing Federal
Reserve rediscount eligibility require
mentS after two years Of procastina-
tiOn" and asked If it was too much now
to ask the Republicans to cooperate.
"A Comedy Of Errors"
He characterized Mills efforts to bal
ance the budget as a comedy OF
errors" and triumphantly added:
The budget Is now balanced. As
soon as the tax bill passed by the House
goes through here and the Govern
ment is reorganized We will have bal
anced the budget"
When Harrison said he would not
vote for uncontrolled initiation because
it had brought disaster abroad in the
past. Reed interjected:
THE Senator is all wrong. All Of
those nations started in this way with
limited imitation, but it got out Of con-
troll"
Senator Hastings Republican Of
Delaware. resumed the Republican op-
by declaring he would support the pro-
posal If for no other reason than that
the administration wanted it.
The Senator has made an excellent
speech and everybody enjoyed it."
Hastings said But he spoiled it by
the last few words. For all I know
he may agree with the Senator from
Pennsylvania (ReedD If he's going
along, because the administration wants
it,"
Bitterly denouncing the imitation and
farm relief proposals in the same
breath. Hastings said: If the situation
were not SO serious, I would suggest
that we create a few crowns for these
new kings" He added:
We ought to give the President a
crown of gold. silver to some secre-
taries and perhaps a sheaf of wheat
would make one for the Secretary Of
Agriculture.
We ought not to forget the brain
trust. We could take some Of these
greenbacks and make decorations of
them and give them to some Of these
advisers OF the President, these pro-
fessorS OF the Nation, in memory Of
what they have done to make Congress
OF no use for all time to come
If this law is passed, this Congress
ought to fold its tents and go home
1t ought to fold the Constitution. pre-
serve it as best 1t can. seal it and de-
post it in the Presidents lap
This farm bill seeks to make a king
OF the Secretary of Agriculture. but
what We will give the Secretary of
Agriculture is nothing compared to
what We are asked to give the Presi-
dent in this miserable and insane bill"
Hastings contended that as the
President would have to consult with
advisers in planning his monetary
course. there might be leaks, and con-
tinued:
When a few people know q secret,
many people know it very soon and the
speculatorS would take advantage"