Evening star., 1941-12-29
Austin Predicts Allies
Will Guard Exchanges
AGAINST Fluctuations
StubiIizution Problem
One Of Many Confronting
Congress January 5

By the Associated Press.
Senator Austin, Republican, OF
Vermont predicted yesterday that
the United States, England, Russia,
China and other nations battling
the Axis powers must work out a
plan for stabilizing their monetary
exchanges "in order to coordinate
efficiently our full war effort"
Senator Austin. assistant Senate
Republican leader, told reporters
this would be one of the many war
problems facing the new session
of Congress that will begin next
week.
The Vermont Senator supported
the lease-lend program, but he said
he thought it would not prove ade-
ouate in meeting financial prob
lens of the joint war efforts of the
Allies.
Must Balance Fluctuations.
Wide fluctuations among none
tary values of anti-Axis nations, he
said. could and must be neutral
ized."
1--WE are going places we never
dreamed we would go before we
get through" he commented.
Any monetary agreement probably
would be only for duration Of the
war, Senator Austin said, but added
that a similar problem would rise
again with peace.
Congressional leaders plan to be-
gin the second session OF the Sew
enty-seventh Congress on Monday,
January 5.
The new session ordinarily would
begin January 3. but leaders eX-
pected general agreement on two
day delay. All pending legislative
matters will carry through into the
new session.
House to Get New Tax Bill.
House committees will begin con-
sideration of major fiscal problems
writing a new tax bill to bring in
additional billions of Federal rev.
enue, and making wartime appro-
priations with an eye to trimming
non-vital expenditures.
The Senate will have three ma jor
matters for immediate disposition:
Price-control legislation already
voted by the House: the effort to
disqualify Senator LANCER. Repub-
lican, of North Dakota. and pro-
posed legislation against strikes.
The Senate Privileges and Elec-
ton Committee already has voted
IS to 3 to deny Langer his seat. A
spirited debate. possibly lasting a
week or longer. is expected to pre-
cede Senate action.
The Senate Banking Committee
Is scheduled to complete revision of
wartime price-control legislation
January 2 after drastic rewriting
of the measure passed by the House
before the outbreak of war.
Labor Bills Up.
Chairman Thomas said he will call
the Senate Labor Committee to-
eether soon after the first of the
year to discuss variety of bills
dealing with wartime labor policies.
Senator Thomas was associate
moderator of the special labor indus
try conference which recently agreed
on elimination of all work stoppages
and arbitration by war labor board
Of such disputes as arise.
He said he believed this board
could be set up under executive or
der without congressional action,
end indicted he thought no legisla-
ton should be enacted.
The conference assumed there
will be no strikes during the war and
we must give it full faith and
credit" Senator Thomas said.
The National Federation for Con-
stitutional Liberties. private Or
eanization, has made public a state
ment signed by 352 persons saying
enactment of anti-strike legislation
would be "a dire threat" to the unity
needed for prosecution of the war.