The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-04-29

The farm crop mortage Sec
tions of the measure already
have passed the house as sep
arate bills. Leaders promised
swift action on the composite
OIL with the new imitation Sec
ton added by the senate.
House and senate will reconvene
Monday after a weekend recess he
gun Friday night.
OF the three sections of thi.
extraordinary bill, two merely are
permlssive-farm relief and lima
Clon. The other section for seal
ing down and ref1nancing farm
mortgages is mandatory.
The extent of discretionary an
tnority given President Roosevslt
ana Agriculture Secretary Henrv
wallace almost is unlimited in its
potential effects upon their fellow
citizens.
CAP 0ANeH TO Farmers
wallace is empowered to give
farmers a pre-war return on the
crops through a system of bounties
and rents. These would be paid in
exchange for acreage reduction tn
eliminate surplus production and
drive prices upward.
Money for the bounties would he
raised through taxes levied on
professors of foods-taxes to be paid
IN the end by housewives buving
groceries at the corner store.
A $4,000, 100000 federal land bank
pond issue is authorized for re
financing of farm mortgages at
reduced scale and on long-term
basis.
Senator Elmer Thomas dem
OKla), sponsor of the initiation sec
tlon, believes it will transfer 5000
OOO,OOO,0O0 of purchasing power
from those who have to those who
have not. That statement on the
senate floor shocked conservative
OPPOucllUo VI lnIldClO0.
internationally Significant
The imitation section also has
tremendous international sicnifl-
canoe. 1t offers a potential 80 per
cent debt reduction on current and
defaulted installments. Another sec
ton authorizes the President to re-
value the gold dollar within a so per
cent range
Remnants of the Republican old
guard bugled themselves into battle
against imitation. Their opposition
proved feeble.
A series of tests produced as many
smashing administration victories.
A senate overwhelmingly imitation
ist for months had found an oppor-
tunity to follow leader, who would
take responsibility for currency ex-
pansion.
Warning that President Roose-
welt would not pay veterans ad-
justed compensation, even if author
ity were written into the bill pune
d
ened for time to succeed.
Amendments Are Numerous
Amendments showered on the bill
as the voting hour approached but
Vice President Garner put them to
a vote and the senate sent them to
the waste basket as rapidly as they
could be offered.
A few minutes after 6 p. m, the
senate voted "a to 81. to empower
the president to initiate.
Within an hour the omnibus bill
farm relief, currency inflSSon,
mortgage extraordinarily was app
proved by vote of "a to 20 and the
senate called it week to meet
again Monday for consideration of
the Roosevelt program for govern
ment operation of Muscle Shoals
and development of the Tennessee
valley.
Consideration of the initiation bill
was costly to the administration in
one respect. Senator Carter Glass
AOclIl., va, WI ENOOoCFClto AAON
choice for secretary Of the treasury,
broke openly. bitterly and perhaps
finally with the President.
On the initiation roll call, only
two other democrats. Bailey and
Buckley, joined Glass in opposition.
Republicans agains we're Austin,
Barbour, Carey. Dale, Fess, Colds
borough, Hale, Hatfield Hebert,
Kean, Reyes, McNary, Metcah Pat
terson, Reed Schall. Vandenberg
and Walcott.
The lineup on final passage OF
the bill was the same, except that
Clark joined the Democrats voting
mo" and among the Republicans,
MsNary and Schall switched to
YES"