Evening star., 1933-04-22
Bill Driven Toward Senate
Passage in Face of G. O. P.
Resistance.
REED, WALC0TT, SMELL
AND LUCE ASSAIL BILL
Mortgage Refnancing Section Of
Farm Bill Pending-Vote
Due on Frazier Plan.
By the Associated Press.

BY the Associated Press.
Senate Democrats moved steadily for
ward today despite the Republican
storm raging around the administra-
tons controlled initiation plan, ready to
strike and drive the legislation through
at the first break in the clouds.
Heeding emphatic word from Presi-
dent Roosevelt that he regards prompt
enactment of the measure as essential to
his general reconstruction program, ar
rangements were made to take it up In
the Senate at the first opportunity,
probably late today.
But the severe indictment Of its pro-
visions and aims from the pen of four
prominent Republican members of the
Senate and House foretold the bitter
denunciations to come before the Pres
ldents proposal for complete power over
nflationary moves is granted him.
Senators Reed of Pennsylvania and
Walcott Of Connecticut and Representa-
yves smell OF New York and Luce OF
Massachusetts, issued l,00O-Word
statement last night, asserting the con-
trolled imitation plan will bring no
permanent prosperity" that it violates
the most elementary principles" of eco
nom1cs and is better designed to de-
feat than promote business recovery"
-NAiS CducO LODDylSt.
The Republican attack was prepared
IN conferences attended by Ogden L.
Mills, Secretary of the Treasury under
president Hoover, and was issued a few
hours after Representative Dies. Demo.
crat, OF Texas had introduced a resolu.
ton IN the House calling for an investi-
cation OF lobbyists in general and Mills
in particular.
>, Ine Democratic reply to this crystal
lizatlon OF opposition was a renewed
determination to let the storm blow out
its fury and then roll up the over
whelming Democratic majority to bat.
ter the legislation through both Houses,
Leaders took note Of Mr.. Roosevelts
desire for such an instrument in neeo-
tiating with foreign statesmen for in.
ternatlonaI agreements to stabilize cur
rencleS and promote trade revival.
The controlled imitation measure in
troduced by Senator Thomas, Demo-
crat, OF Oklahoma, as an amendment
to the administration farm bill, will be
made the pending business Of the
Senate as soon as the mortgage re-
financing section Of the farm bill Ia
disposed OF. But before this section can
be acted upon, the Senate must vote
on the Frazier substitute for it, SUBJ
stitute proposing unrestricted issuance
Va C0CA al DO1luo IClllldllCulk
debts. A vote on the Frazier substitute
was set for ! pm. today.
Republican attacks did not wait foH
formal consideration of the imitation
plan, but were loosed with q vigor yes
terday by Senator Reed, who asserted
that 1t would allow expansion of the
currency by 0,00o. 600 900. The steady
Republican fire eliminated last night
in the statement issued by Reed, Wal
colt, Smell and Luce.
Would Back One Section.
They said they could support only
one provision of the Thomas amend
ment, that authorizing the Federal Re-
serve System to buy up to s3,000,0 900 900
Of Government bonds as means of ex-
panding credit. But, they added, they
could support that section only in view
Of the existing emergency" and felt it
contained grave objections"
The section permitting the issuance
Of $4,000, 10000 in new currency was
denounced as imitation on a grand
SCALE" while the provision to empower
the President to reduce the gold con-
tent of the dollar was attacked as un-
constitutional, with a prediction 1t would
prove disappointing.
If the issuance Of new currency, the
ICor+ipuad an Dooo . Cnl,,ynp 5N