Evening star., 1936-05-14

Deal leaders. An infdtiondry bonus
measure Dds stalled of and an in
fdtionary authority granted the
President in the A. A. A. bill of 1888
wds neper employed. For year
the Frazier -Lemke bill Wds q threat
OF fiat imitation. A tetu days ago
uote iDds insured By completion
of q House petition.
BY the Associated Press.
Democratic leaders pointed to-
day to the fate of the Frazier
Lemke farm refinancing bill,
smashed down in the House, as
a sure sign that there will be
no imitation"
In the defeated camp. Representa-
tive Lemke, Republican. of North
Dakota, who had labored five years
for the bill to print $4,000, ,O0O,0 900 in
new money to refinance farm mort
cages on easy terms, said the issue
would be carried into the front lines
of the political wars. He also an
nounced it would be reintroduced to-
day in the hope legislators might
repent"
Smiling grimly, he received the con-
dolences of his friends over the 235-to-
142 beating handed the bill yesterday
amid the whoops of its jubilant
opponents.
"It wasn't so bad" Lemke said.
We'll get back here next January,
and there won't be quite as many
familiar faces as there are now-at
least not from the farm States"
Strong Political Issue.
When reporters asked whether he
expected to make a strong political
issue of the bill, Lemke said:
Absolutely. 1t already Is"
A decision as to just where he per-
sonally will carry on the campaign
against enemies of the measure, Lemke
said. must await a check of how the
voting went on passage.
After nearly seven hours Of the
most violent battling witnessed on the
floor this session, 173 Democrats and
81 Republicans roared their disap-
proval Of the bill. Three Farmer
Laborites, seven progressives, 81 Re-
publicans and los Democrats lined UP
behind it.
Opponents hammered it as inf1a-
tionary; advocates said it would pre-
fha nf tho Nattnn's
farmers.
Up to the point of the final ballot
some observers thought it was any
body's fight. although Democratic
chieftains had insisted from the start
that the bill would be crushed.
The measure would have authorized
issuance of 11a per cent bonds to re-
finance existing farm debts over Al
years at l1a per cent interest. If the
bonds did not sell. new currency up &c
$4,000 100000 would have been
printed.
Chairman O'Connor of the Rules
Committee, which was forced to give
up the legislation when a petition
was signed by 218 members to take
1t to the floor, described the demise
of the bill, at least for this session,
as:
"The most reassuring message
given to the country by this ad-
ministration.
Basis for Confidence.
'It definitely assures that there
will be no imitation. If big business
has been waiting for evidence to re-
store the confidence they talk about,
this should be one big evidence of
the stable attitude of this administra-
ton"
In q desperate effort to rally more
votes behind the bill, its sponsors Of
fered one amendment after another
in the House yesterday.
One would have limited loans to
80 instead of 100 per cent of the
value Of their farm lands. Another
eliminated q provision for loans on
live stock.
These were accepted. But the ex-
pected votes failed to show up.
Lemke said the bill would be re-
introduced today as amended, and II
the session lasted long enough. the
Agriculture Committee would be
asked to hold hearings on 1t.
After the House discovers its
mistake" he said, "I hope it will re-
pent."
Ron Cau on Page As.