Evening star., 1934-01-09

waterway and the farm credit Iegisla.
tion INTO the congressional machine.
close contest impends in the Sen
ate on ratification of the st. Lawrence
pact Advocates Of 1t are looking hope
iully to the Roosevelt message to wir,
the necessary two-thirds margin.
a special report on the power prrb-
lem also may 60 forward
Creation OF a Government CORPORA
ton to administer the $4,000, ,O00, 900 in
bonds for refinancirg farm mortgages
will be proposed.
Interest on the agriculture refinanc-
ing bonds IS now guaranteed. The
the Government also to guarantee the
principal.
After the experiment with these
bonds, he will consider guaranteeing
the principal Of the $4,000, 100000 in
home loan bonds.
among the few engagements he kept
today was the regular meeting with
the National Emergency Council headed
by Frank Walker Of New York.
Walker had luncheon with the Presi-
dent and an early announcement Of
State directors to take over the con-
solidated recovery campaign is ex-
pected.
Senate in Recess.
The Senate was in recess today, and
liquor regulation for the District Of Co.
lumbia was all the House proper had
ready to work on. Committees ground
away at tax and appropriation bills.
and looked ahead to the other big item
Of extending the Reconstruction FL
nance Corporation loaning authority for
several years and possibly adding a
billion dollars to the agency's capital.
The Senate Banking Committee called
Chairman Jesse H. Jones of the Re-
construction Corporation to appear late
in the day for examination on his pro-
posal to extend the life of the corpora
ton and increase its borrowing power.
A lull in Senate activities yesterday,
when no major measures were ready
for consideration, provided opportunity
for a series of Republican moves, and
leaders acted quickly to prevent another
session OF mere debate.
G. o. P. Renews Attack.
Almost as an aftermath of an attack
by Senator Robinson. Republican, OF
Indiana, accusing the President OF being
"culpable and not frank" in his budget
tor Robinson of Arkansas, the Demo-
cratic leader. the Republican National
Committee renewed its criticism of the
administration.
In a statement. the committee urged
return to economy" and asserted
that "an administration dependent
upon the dissipation of public funds for
its popularity must keep on squaunder-
ing money, even If it has to start the
printing presses to get money"
The Agriculture department was ac-
tive today in gathering material to
answer two Senate requests, introduced
by Republican members. Data was
called for on sharp decline" in hog
prices and for the operation Of agri-
cultural processing taxes.
When the Senate resumes tomorrow.
the House approved bill for a SPA
gallon liquor tax will be ready for con-
sideration. It was reported late yes
terdsy by the Senate Finance Com
mittee after repeated efforts to alter 1t
had failed. Chairman Harrison pre-
dicted Senate passage by tomorrow
night.
The House is expected to make quick
work of the District liquor control bill,
and probably will turn before the week
is out to the s27o, 1000 900 revenue bill.
Morgenthau Confirmed.
Routine matters occupied the House
Yesterday. The Senate confirmed the
appointment of Henry Morgenthau, jr.,
as Secretary Of the Treasury while its
Finance Committee was approving the
House liquor tax cuts. The senate
killed a bill. abandoned by the admin
istration, which would have permitted
tho President tn name a nom resident
Governor of Hawaii.
The nomination of Morgenthau was
approved without record vote. Previ-
ously. Senator Robinson, Republican, OF
Indiana, said, Il don't believe he's Mt
for the Office"
Anybody who would select Earle
Bailie to conduct such tremendous fiscal
duties is unfit for the high Office of
Secretary of the Treasury the In
dianian asserted.
Bailie, member of the firm of ]. and
w. Seligman g. Co. OF New York.
whose flotation of certain South Amer
ican bonds drew criticism in the Senate
banking investigation, resigned his
temporary post as fiscal adviser to
Morgenthau last week.
without any ones challenging his re-
marks, Robinson went on to say that
some one else should be selected" for
the Treasury Secretaryship as the oc-
cupant of that post should have the
fullest confidence of the public"
He said he understood Bailie had re-
signed and also that the Finance Com
mittee had stipulated that he must re-
sign before Morgenthau was confirmed.
He added. however, there was string
to it" as Bailie would hold over through