Evening star., 1948-07-30
End Of Special Session Aug. 7
Now 9. 0. P. Goal, Taft Says;
Speech Blasts Truman Program
Ohioun Tells Senate
President Cun Halt
lnflution but Won't
BULLETIN

nCput4lCdl IOllSy SOlIlllllGIcC
today set August Ia week
from tomorrow-as the goal
for adjournment of the spe-
cial session of Congress. He
told the Senate during a heat
ed debate on imitation, housing
and the civil rights program
that the COP leadership's plan
calls for a decision one way or
the other on the anti-poll tax
bill by Wednesday and a re-
port from the Banking Com
mittee by that date on any
further imitation controls that
stand a chance of enactment,
such as new limitations on
bank reserves and credit. Sen
ator Taft said the economic
report President Truman sub
mitted today disproved the
need for any emergency hous-
ing legislation.
Senator Taft, Republican, OF
Ohio charged on the Senate floor
today that President Truman
"has powers to halt imitation
but is not using them because
"he knows If he did so farm
prices would go down" and some
unemployment would result.
He charged the President doesn't
wart to halt imitation" although he
could act by raising the banking
rediscount rate and limiting the
purchase of Government bonds by
the Federal Reserve Board.
The Senator said it is generally
agreed that the latter step woulo
have a defationary effect and that
some people fear it might turn the
whole thing upside down. almost
overnight.
In an exchange with Senator
Barkley of Kentucky the .Presl-
dents running mate in November
Senator Taft said Mr.. Truman hao
taken credit in his Philadelphia
acceptance speech for the huge In
come of farmers today and for high
industrial wages but was blaming
the Republicans for the imitation
which is the inevitable result.
Committees Continue Work.
The Senator said the President
had made the same kind Of pollti-
cal speech to Congress last Tues
day, at which Senator Barkley re-
piled that the speech at least hao
given Senator Taft an opportunity
to make another political speech
The Senate floor discussion on in
fiation and who is to blame for il
came as congressional committees
continued their consideration OF
President Truman's 8-point anti
imitation program, presented in de-
tail to the House Banking Com
mittee.
Porter to Appear Again.
Paul A. Porter, former OPA ad-
ministrator now serving as specia
assistant to Mr.. Truman, was to ap-
pear again before the House Bank
ing Committee where he yesterday
outlined the administration plan fol
rollback authority. He stated. how
ever, that the plan is not likely tc
lower current prices and is designed
more to keep them from going any
higher.
Secretary of Agriculture Brannan
due to be a witness shortly before
the House committee. was reported
to be considering meat rationine
scheme involving special meat pur-
chase certificates. Mr.. Porter SAID
yesterday meat would be one of the
items to be rationed if the admin
tstration bill passes.
The scheme would involve issuing
certificates in the same denomina-
ton as money, with just enough OF
them to be issued to cover the avail
able meat supply at reasonable
prices.
This "meat money" would be di-
vided evenly among consumers and
consumers would give 81 meat
ertificate-along with a regular dol
lar bill-when buying 81 worth of
meat.
Just how the certificates would be
distributed is reported to be an in
complete detail of the scheme. Mr.
Brannan may 60 into details when
he testifies, it was reported.