The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-05-03
VOICES DIFFERENCE
0NOTHER FEATURES
OF Big FARM BILL
Sends Measure to Conference
With Opposite Branch to
Seek Compromise
FIVE POINTS IN PROGRAM
Gold, Silver and Currency Con.
troll Placed in Hands OF
Chief Executive

washington, May 3.-(P)-Ihe house
Of representatives Wednesday approx
ed the administration initiation pro-
gram as already passed by the senate.
Comparing with the impressive "a
to 81 senate vote last week, the repre-
sentatives polled 3O7 in favor and SO
opposed to the broad currency powers
to be vested in President Roosevelt.
This completed congressional action
on the initiation set up.
The roll call followed Immediately
a vote to differ with the senate on
amendments made to the massive
farm relief bill, sending the measure
to conference with the other branch
for compromise on differences.
Six hours of debate were concluded
Tuesday night on the initiation pro-
posal. opposed by the Republican
leadership.
Democratic inflationists at every
turn trounced efforts of the Republic
cans to defeat the proposal, already
adopted by the senate.
Grants Broad Powers
The initiation proposal gives Presi-
dent Roosevelt broad powers to ex-
pand credit and currency In five
point program as follows
Permits the federal reserve system
to buy $3,OOOO 900 900 in government
bonds, against which currency may
be issued
Authorizes the president to have
SO 900, 100000 in United States notes
issued.
Gives the president power to change
the content of the gold dollar up to q
SO percent reduction.
Authorizes the president to change
the ratio of the silver dollar and pro-
vides for free coinage of silver.
Authorizes the president to accept
$2O0, 100000 in silver from foreign
debtors up to so cents an ounce for
which currency may be issued.
Speaker Rainey had indicated sep
arate votes would be had on the gold
content and silver sections of the BILL
but to the surprise of many this did
not materialize. Republican leader
Smell had demanded such procedure.
Fight on Simpson Plan
The main controversy as between
senate and house on the farm bill is
expected to be the Norris Simpson
production cost guarantee" plan.
Some members of the conference
committees already have gone into
the differences informally and the
Democratic leadership expected agree
ment by the end Of the week. This
would make it possible to get the leg
islation to the white house for sigma
ture without further delay. inasmuch
as no difficulty was expected in hav-
ing both branches sanction the COM
promise that might be reached.
On the farm bill, speaker Rainey
appointed as house conferees Repre-
sentatives Jone Dem. Tex) chair
man of the Agricultural committee.
Fulmer .Dem. s. c. Doxey Dem.
Miss, Clarke Rep) and Hope,
Rep. Kans0.
Senate conferees are to be appoint
ed by vice president Garner.
Besides the initiation provision the
bill provides for an experimental farm
relief plan to be controlled and adj
ministered by the secretary of agri-
culture. 1t creates $4,000 900 900
farm mortgage refinancing system,
designed to aid farmers to hold their
property.
The vote Of northwest representa-
tives follows:
Minnesota: For, Arens. Johnson,
Lundeen, Shoemaker, Christianson,
Knutson and Hoidale. Against, Chase.
Not accounted for, Kvale.
North Dakota: For. Lemke. Paired
for, Sinclair.
South Dakota: For Hildebrandt
and Werner.
Montana: For, Ayers and Mona
CHAN.