Evening star., 1939-07-31
Lending
Continued From First Page.)

for showdown on the lending plan.
However, 1t was almost noon when
Mr., Roosevelt returned and the
regular Monday conference was
cancelled.
Stephen T. Early, White House
secretary, commented that the con-
gressional leaders already knew
what Mr., Roosevelt was interested
in, namely. when are they going
to adjourn?"
While leaders tentatively have
set next Saturday as the adjourn
ment deadline, House Leader Ray
burn has emphasized that Congress
cannot quit then if the House is to
act on lending, housing and wage
hour legislation.
House Holds Key.
The Senate already has approved
the housing measure, which doubles
the $500 900 900 borrowing power of
the United States Housing Author
ity and does not plan to act on
amendments to the wage-hour law
at this session. Senator Barkley
was hopeful that the curtailed lend
ing measure would receive Senate
approval before midnight
The key to adjournment thus was
held by the House. where coalition
of Republicans and dissenting Dem
ocrats has been controlling much of
the procedure Whether the House
would lock Congress here indefinitely
or open the door to adjournment was
expected to depend in part on the
advice Mr.. Roosevelt gives his con-
gressional lieutenants this week.
Original Fund Is Cut.
The original lending bill contained
s., 800 900 900 of loan authorizations,
but the House Banking Committee
cut the total to 81 $50 900 900 before
approving it late Saturday
The Senate already has slashed
the lending program to s1,64O ,000,-
600, and efforts to reduce it fur
ther were in progress today. Most
members of the bipartisan "econ-
omy bloc also were expected to
vote against it when the bill comes
up for final passage
After a week of fractions debate
Senator Barkley succeeded Satur-
day night in obtaining an agreement
to limit further Senate speeches to
Is minutes each.
after the Senate adopted an amend
ment by Senator O'Mahoney. Demo-
crat, of Wyoming to restrict Gov
ernment competition with private
enterprises under the new program
The proposal. approved As to "a
was opposed by Senator Norris, In
dependent, of Nebraska on the
ground that it could prevent mu-
inequalities from borrowing Federal
funds for the construction of elec-
trio plants. Senator O'Mahoney
/ denied his amendment would have
that effect.
In radio address last night, Sem
ator Capper, Republican, of Kan
sas described the lending bill as
lone of the most dangerous pieces
of legislation in years.
This measure calls for Uncle
Sam going into the mortgage busi-
ness on very big scale" Senator
Capper said. ut also gives what
ever administration is in power q
tremendous slush fund that can be
used in political campaigns. 1t might
even be used in the coming 1910
campaign, if those in control want
to use it that way"
Security Bill Doubtful.
With administration supporters
demanding enactment of the lend
ing bill as stimulant to industry,
another piece of business-aid legis-
lation-the social security bill-ap-
peared to have better than even
chance Of ending up in the con-
gressional ash can.
Both the Senate and House have
approved comprehensive amend
ments to the social security law,
including one to freeze for three
years the present l per cent old
age insurance tax on both employers
and employees. It has been esti-
mated that this revision would save
the employers and employees $685.
100000 in the three years.
The legislation has been before
a deadlocked Senate House COM
mittee for more than two weeks
and members said it was highly
doubtful that an agreement could
be reached before adjournment.
House members of the Joint Com
mittee have refused to accept even
a compromise version of a Senate
amendment which would require
the Government to put up 81
against States 81 for assistance
to the needy aged. The House
group has contended that adoption
of the proposal, which would cost
| the GS0uernnant On aaa;4ioaal eQQ :