Evening star., 1935-04-14
BITTER FIGHT SEEN
ON PLAN TO SP[|!
BANKING MEASURE
Administrations Views Are
VariousIy Represented
to Senate Group.

(Copyrieht, 1885, by the Associated Press)
A sharp congressional conflict over
the omnibus banking bill, in which
the administrations views toward it
were variously represented, last night
Threatened to grow into one of the
major battles of the session.
The smoke first started to curl Fri
day night when an administration Of
f1cial, who declined to be quoted by
name, predicted that an effort would
be made in the Senate Banking Com
mittee to split the bill in two.
Aroused, Senator Glass, Democrat,
of Virginia, member of the Banking
Committee, asserted yesterday he had
received assurances that the admin
istration had no objection to separat-
ing from the bill the provisions in
tended to tighten Washington's con-
troll over the Nations banking system.
The only opposition to splitting it, he
said, came from Gov. Eccles of the
Federal Reserve Board.
SteagalI Dictates View.
At about the same time, Chairman
Steagall of the House Banking Com
mittee-a recent White House caller
was asked about Friday nights pre-
diction that the measure would be
split into controversial and non con-
troversial sections. He leaned back
in his chair and smilingly dictated
this sentence:
My expectation is that the House
Banking and Currency Committee
will report the bill next week and that
the bill as reported will have the sup
port of the administration and will
pass the House"
do you mean the support of the
'administration-which is interpreted
as the President-or do you mean 'ad-
ministration officials?'" a newspaper
man asked.
Il mean just what I say" Steagall
replied.
Meanwhile, Representative Hancock
Democrat, of North Carolina, who has
worked closely with the administration
on recent banking legislation, in a
statement generally regarded as ex-
pressing the views of some high New
Deal officials, slashed back at the
banking bill views expressed by the
American Liberty League and others
Senator Glass, who is bitterly op-
posed to alterations in the Federal
Reserve system, was sharp-spoken in
discussing what he called Gov. Ec-
cles' opposition to considering sep
arately that part Of the banking bill
proposing an extension of the Federal
Reserve Boards powers.
This isn't an administration BILL
the Virginian said. Its Mr.. Eccles
bill. Not member of the Federal Re-
serve Board saw it until it was sent
to Capitol Hill. The Secretary of the
Treasury is on. record as not having
read a word of it,
Glass added that in letter to the
chairman of the Senate and House
Banking Committees, Mr. Roosevelt
referred to the measure as a 'tenta-
tive draft" prepared by several Off
cials, who should be called for ques-
tioning on the measure.
However, it became apparent that
there would be stiff opposition in the
oSAideS NoiiliiiitIcc W diAy ChoAC ~
make separate bill of the centralized
control section, from those who re-
garded the move as an attempt to kill
such provisions entirely.
The bill consists of three titles, the
first making the Federal Deposit In
surance Corp. permanent institu-
ton, the second increasing the Re-
serve Boards authority over central
banks and the Presidents authority
over the board, and the third making
(CoptipI,ed on poUe IN CoJ,,yon 4