Evening star., 1939-07-20
Congress
Continued From First Page)

definitely shelved for this session
the lending program remained as
the chief barrier to speedy adjourn
ment.
Mr.. Roosevelt was disclosed to
have agreed to expand the program
to include additional authority for
the r. F. c. to insure business loans
which hold reasonable prospect"
Of repayment.
COnferring With Eccles.
Senator Mead, Democrat, of New
York. author of legislation to pro-
vide Government insurance of small
loans, disclosed he was conferring
with Chairman Mariner S. Eccles
Of the Federal Reserve Board on a
proposal authorizing the board to
lend up to $270,OOO,OOO to small
business.
Senator Mead talked yesterday
with the President. Administrator
Jesse Jones Of the Federal lending
agency, Chairman Emil Schram OF
the r. F. c., and Chairman Wagner
OF the Senate Banking Committee.
They said afterward that Mr.. Roose-
velt proposed an educational cam
palgn to show banks and business
men what the r. F. C. can do in
insuring loans.
Senator Barkley, sponsor of the
lending bill, made one concession to
opponents by agreeing to eliminate
a provision calling for a permanent
revolving fund Under his proposal
money repaid on loans would be
turned over to the Treasury instead
OF being put aside for future re-
lending.
He agreed also to modification of
provision for leasing equipment to
railroads 50 that any such equip
ment would be built only to the
specification Of railroads desiring to
use it. This change would also per
NIT outright equipment loans, 50
that the roads could buy new equip
ment direct if they desired.
Although both Senator Barkley
and Senator Minton, Democratic
whip, said they were Shooting at
adjournment by the end of next
week, cloakroom conversations were
dominated by talk of a special ses-
sion to settle the neutrality oues-
tlon. Most we'll informed Senators
held the belief that Mr.. Roosevelt
would call Congress back at once
II a new crisis developed in Europe
Ihe President and Secretary Hull
mad pleaded for immediate repeal
o1 the arms embargo against warning
nations. but agreed at White House
conference Tuesday night to post
pone action until the next session.
Authors of proposals to restrict
commerce with Japan, however. were
hopeful OF vote before adjourn
ment. Senator Pittman, Democrat.
OF Nevada has introduced a bill to
authorize embargoes against jan
anese goods, while Senator Vanden-
berg, Republican, of Michigan has
called for abrogation of the 1911
treaty OF amity and commerce with
Japan, after the specified six months
notice.
Senator Pittman said he expected
State Department report on his
Dill before the end Of the week.
Senator Vandenberg told reporters
MS resolution was IAN orderly, legal
way" of putting Japan on notice that
this country might take commercial
steps against her.
The Senate passed yesterday and
sent to the House legislation to ex-
tend the Governments all-risk crop
insurance program to cotton grow
ers. Extension of the new law to
other commodities was refused. The
insurance system was started in 1898
on wheat.
Railroad legislation, already ap-
proved by the Senate, apparently
has little chance of enactment at
this session. Senator Barley said
the House probably would pass q
measure SO different from the Sen
ate's bill to put water carriers un-
der regulation of the Interstate
Commerce Commission that there
would not be time to adjust the diff
ferences.
Poland Welcomes Report
On Neutrality Possibility
WARSAW, July 20 R.-The
Washington report that President
Roosevelt NAV call q snecial session