The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1950-08-31
House And Senate Compromising On
Controls Plans After Months Debate

only the exchanges or a private
citizen could bring charges in the
courts against a person or firm
charged with excessive speculation.
A House proposal to limit excessive
speculation was rejected by close
1913 to 194 vote, after heavy pres
sure by the livestock and cotton in
terests.
3-The Senate bill contains a
section allowing the President to
set up any machinery, similar to
the World War ii War Labor
Board, needed to settle labor dis
putes which might affect the de-
fense effort. A motion by Sen.
Robert A. Taft Or, Ohio) to knock
this section out was soundly de-
feated, % to 81, on a rollcall vote.
Taft charged the language was
Ambiguous. 1t was defended by
Senator'S Burnet Maybank I'd, SCI
and Irving Ives Cd, NY). The
House early in its work on the bill
rejected a parallel section.
1.-The Senate bill contains a
provision, written in by Sen. Brick
er, which forbids any control
agency from ordering manufactur-
ers to continue to make the same
proportion of high-and-low- price
goods as before the products were
controlled. Effect of this would be
to let manufacturers channel scarce
materials into high-priced, high
profit lines. For instance, high
priced sport shirts and high-style
cotton dresses would be plentiful
while work shirts and house dresses
will disappear from the shelves.
The Bricker amendment also would
prevent the control agency from
basing any price ceilings for pro-
cessed foods-like canned vege-
tables or butter-on different price
levels for different grades. Effect
of the prohibition would be to al
low professors and grocers to
charge the top ceiling price for all
grades, good and poor, of a par
ticular processed food. This isn't in
the House version.
Both versions provide that:
THE federal government would
have powers to allocate, set prior
tiles for use, and ration scarce maj
terials necessary for the defensel
program. The Senate would dele
gate all such power to the Secre-
-ary of Commerce; this, it wasl
by Sen. Scott Lucas, Cd,
H., majority leader, is not what
he President wants. Sen. Edwin
2. Johnson Cd, Colo), sponsor ofl
he delegation of power to theI
Commerce secretary, said the Pre-
iident did want it. The House YER
sion on the other hand, would ALL
ow the President to decide how to
delegate the powers. Industry, and
specially the oil and power and
'teel producers, prefer the JohnsonI
version.
2-Loans of up to 81 billions canI
De made for expansion of plantsI
needed for defense production, orl
% develop new processes. The Sen
lte version, on motion by Sen,
Taft, limits the Presidents dis
retion to make such loans tol
mounts of $300,O00,CO0 at anyl
ime; if more than that is to bel
oaned, Congress would have toI
specifically approve of the project. |
3-The President could, if own
ers won't act voluntarily, requis-
tion equipment and goods needed
Tor defense, with provisions for fairl
compensation to the owners. Hell
IAN also require a producer to ac-
'ept and carry out defense produc-
,lon or service contracts.
4-The Federal Reserve Board |
'ould re-impose controls on con-
'umer credit, similar to the "Regu-l |
alton w" in effect during and
after World War II,
5-The President could control
'redlt terms down payments,
ength of time over which subse-
luent payments are spread) forl
lew real estate construction. Sen.
William Benton Cd, Comm tried
nsuccessfully to get this extended
o all real estate. Republicans
with the real estate lobby
lad earlier succeeded in limiting