Evening star., 1934-03-18
VOTES Modified
FOR SILVER BILLS
Two Measures Due to Be
Brought Up in House
tomorrow.
By the Associated Press.

BY the Associated Press.
Advocates of silver legislation, still
displaying a wide difference in ideas,
declined yesterday to yield to the ad-
ministration and sought to line up
enough votes to assure House passage
tomorrow Of two silver bills.
Speaker Rainey, who made the
votes possible, told newspaper men
his plans were unchanged. He added
If any one In the administration
asked him not to call up the bills, he
would "have some things to tell them. 4"
Silverites had feared the President
might seek to prevent a vote tomor-
row. But yesterday he talked with
the Speaker, and Rainey said 'silver
wasn't even mentioned"
Meanwhile, the division in the
Coinage Committee over the bills to
be brought up was shown in official
reports submitted to the House.
Two MEMBERSHIPS of California
and Perkins of New Jersey, Republic
ans-objected both to the Dies and
Fiesinger bills. Two others-Chairman
Somers Of New York and Adair of
Illinois, Democrats-Said the measure
by Representative Fiesinger, Democrat.
Of Ohio, was Impractical and too
cumbersome for the task assigned"
Cites Market Increases.
Representative Dies, Democrat, Of
Texas, discussing his bill to let the
Treasury pay premium above the
world price for silver shipped into
this country in payment for exported
agricultural products, held its pas
sage will cause commodity prices to
rise Immediately.
THE day that the bill was reported
favorably by our committee" his re-
port to the House said, wheat scared
around cents bushel while corn
oats, rye, and barley also increased
III prices"
Fiesinger's report on his bill told
how it would permit the purchase of
l,5O0. .000,0 900 ounces Of silver at the
world market price, with the purchases
10 halt when the 1925 price level Is
reached. He added:
This bill, by providing a method
for the correction of Ills, stands as the
first declaration of economic inde-
pendence ever made by Congress.
This is an ambitious claim, but 1t
will be abundantly justified when the
bill is debated.
BY this small silver purchase we
can prove that America, acting alone,
can regulate the buying power of gold
and such a demonstration of
our power of control is the purpose
of this bill"
Bill Held Fatal Blow.
After saying We strenuously con-
denim this BILL" Somers and Adair
added:
All in all. We feel this bill is awk-
ward and extremely premature, and,
consequently. recommend against its
passage. realizing that if silver is ever
to find its place in our monetary
systems any movement in its behalf
must be in the hands of a sympa-
thetic administrator. This bill be-
coming a law at this time would be
a blow to the silver movement from
which it would never recover"
At the same time, another silver
advocate. Representative Lamneck,
Democrat, of Ohio, in a statement.
suggested Secretary Morgenthau
should say he will not interfere
with Congress in its effort to control
silver"
After Morgenthau said the other
day there would be no silver legis-
lation, Lamneck continued, The in
vestments in this country shrunk in
value over one billion dollars"
He charged that the Treasury De-
partment has been and is controlled
by the international bankers" and
will not even take the time to seri-
ously discuss this legislation with
members of Congress"