The Wilmington morning star., 1946-07-14
CONGRESS APPROVES
LOAN TO ENGLAND
Continued From Page One)

United States permanently at a
price Of 81, 900, 900, 900, the Atlantic
bases it has leased to this country
for 80 years.
A voice vote defeated the second
AN amendment by Rep. Roy
Woodruff. R.. Mich, to require
Britain to put up her Atlantic and
Pacific bases as collateral for
the loan.
One by one these other amend
ments were quashed:
A proposal by Rep. George Ben
der, R., O., to cut the loan to ST.
$50, 0O0, DOC killed by voice vote.
A move by Rep. Everett M.
Dirksen, R.: H.. to require col
lateral for each draft Britain re-
ceives on the loan. Rejected 1853 to
112.
A proposal by Rep. Dan Reed,
R.. N. Y. TO make Britain show
within a year after drawing the
first 81, 900, 600, 900 that she hs
removed discriminatory trade prac.
tees and barriers. Rejected 154
to SO.
Another Rejected
An amendment by Rep. Karl E.
Mundt, R.. Sd, to base the loan
on the same collateral require
ments and interest rates as U. S.
Export-Import bank loans to for
eign countries. Rejected by voice
vote.
A proposal by Rep. Frederick c.
Smith which would permit payment
of the loan to Britain only from
tax receipts, provided they were
sufficiently in excess Of expendi-
lures. Rejected in voice vote.
Debate was bitter until the end,
but the Republican Democratic
coalition leaders steadily Whitfield
down the opposition.
lmpassioned speeches by House
Speaker Sam Rayburn. D.. Tex.
and Rep. Jesse P. Wolcott, r.
Mich, pushed the house toward
final vote. House approval would
send the senate-approved measure
to the White House for President
Humans signature.
I'm our action today we deter
mine whether there shall; be a
coalition between the Britic., snhAre
and the American sphere or
whether there shall be a coalition
between the British sphere and the
Russian sphere" Wolcott assert.
ed.
II do not want Western Europe
England and all the rest-push-
ed farther into and toward an
theology despise," Rayburn said.
If we are not allied with the
great British Democracy" he
said, II fear somebody else will
paid then God pity us"
The measure breezed through its
first major test with the defeat of
Celier's proposal to strike out the
bilPs enactinF clause and return
to the House Banking committee
act which would have inferred
the measure,
Rep. Everett M. Dirksen then
offered his amendment to require
that Britain had no such collateral.
such as woolens. equities in gold
mines and income assets Of insur-
ance companies-eor each draft of
the loan.
Loan supporters called it pawn
broker amendment" and argued
thta Britain had no such collateral.
Probably no international eco
homie proposal has been pushed as
strenuously by the administration
and opposed so bitterly. Opposition |
RANGED from the houses isolationist
bloc to the ranks Of staunch ad-
nlnistration supporters VINO turned
against the lear because Of Brit.
policy in Palestine.
President Truman pressed stead
lily for congressional approval of
the measure. termjng 1t 1.-THE key
in the arch'' of Americas
nostwar foreign economic policv,
And Secretary of State James F.
Rvr'nes interviewed in a week-lons
debate with a cableeram frcxo
Paris describing the loan agree.
ment as the first step toward Great
ing "one world econonicanv."
Former Secretary Of State Cor.
dell hull told the house the loan