Evening star., 1933-04-28
Idahoan Tells Senate if He
Had $1,000 in Gold He
Would Dare Government to
"C0me and Get It."
DEMANDS GUARANTY
FOR BANKING DEPOSITS
Norris Predicts Such Measure
Will Be Necessary if Depositors
Are to Regain Confidence in
Banks-Denies Intent to Criti-
cize President.

The Senate today rejected an
amendment to give President Roose-
velt the optional power to pay the
bonus with new money If the Chief
Executive desires
The vote was 60 to %.
BY the Associated Press.
A warning that President Roose-
velt was opposed to cash payment
OF the bonus was tackled up in
the Senate today by Senator Rob-
inson of Arkansas, the Democratic
leader, in advance of an impend-
ing vote on the issue.
Speaking on the amendment to
the imitation measure by Senator
Robinson Republican) of Indiana
to give the President optional
power to pay the bonus with new
money, the Democratic leader
said:
Il am authorized to say for the
President that he is unqualifedly
against this amendment, because
he believes it will reverse the pol
icy of the bill and defeat the pur-
pose he has in mind, Of using the
new credit and currency to meet
maturing obligations of the Gov
eminent"
Robinson added If the discretionary
power were placed In the bill for the
President to pay the bonus, the Presi-
dent would not exercise it.
Robinsons speech came as q vote
neared after debate on the amendment
had veered into the fields Of gold and
banking and had brought . statement
by Senator Borah, Republican, of Idaho
that the administration had erred IN
threatening to punish citizens who did
not turn in their gold. and said that II
he had $1,000 he would defy the Gov
ernment to come and get 1t.
Borah asked:
why should citizens be threatened
to return their gold, when the Nation
There is no security, no assurance,
the citizen will ever get his gold back
If he turns 1t in.
I'VE are asking the people to have
confidence in the Government. Ought
not the Government to have some con-
fldence in the people?"
He demanded a guaranty for bank
deposits.
Senator Norris, Republican, Of Ne
braska predicted e deposit guaranty
law probably would be needed TN the
future If depositors were to get back
confidence in the banks.
Explaining he was not criticizing any
Government order, the veteran Nebras.
ka independent said he did not believe
the Government, even though backed
by law authorizing it, had the right to
require any citizen to deposit his mon
ey anywhere, whether it be in gold or
any other kind of money"
After turbulent debate yesterday, the
Senate voted approval Of that section Of
the imitation bill giving the President
power to devaluate the dollar. The vote
was SO to IS and came at the close of Q
bitter fight against it by Republican
regulars.
doctors Of Despair"
Senator Wagner, Democrat, Of New
York, opening up argument today in
behalf of the imitation program, con-
ceded he did not expect 1t to do all Its
opponents" assume, and added:
Opponents are these doctors Of de-
spair,' who In the past administration,
watched the Nation grow weak before
their eyes and almost perish.
Opposition comes with poor grace
from these who fathered and nursed
the most frenzied imitation this coun-
try has ever seen-the ticker tape.
whether we approve or disapprove
Of the measure, the objective Of OBJ.
tanning a rise in the price level is alto
gether sound"
Senator Borah followed him.
Suppose" Borah said, "the head Of
q family has preserved and placed
where he believes 1t safe a certain
amount of gold and has in a sense
provided 1t as insurance against ad-
versity; why should the Government
insist that he bring in and put 1t in Q
bank that may fail?
If the Government Is unwilling to
make the deposits safe, 1t IS unfair, un-
just and unconstitutional to demand
that people bring in their money and
put it where it is unsafe.
If the Government demands that
gold be turned in it IS the highest duty
Of the Government to guarantee bank
Continued on Page 4. Colunn 1.)