Evening star., 1951-06-21
Senators Back
Curbs but Vote
ToBar RoI|back
Committee Refuses
Most Brood Powers
Sought by Truman
By the A..oeiatsd Pres.

Sou9nt Dy iIumon
By the A.sociaisd Press
The Senate Banking Committee
today approved a wage-price con-
troll bill denying President Truman
most of the broad new control
powers he requested. and Forbid
ding price rollbacks beyond the
average for January 25-Febru-I
ary "a.
Chairman Maybank. Democrat.
of South Carolina said the action
was taken by a 12-1 vote of the
committee, Senator Dirksen, Re-
publican, of Illinois casting the
lone dissenting vote.
Senator Maybank said he will
present the bill to the Senate to-
morrow and that debate on the
measure will start Monday.
Senator Moody, Democrat, OF
Michigan said he and others will
wage a fight on the Senate floor
to knock out the restriction on
rollbackS.
Rollback Curb Vote Close.
Senator Maybank announced
the committee had stricken out a
proposal to create an agency to
help small business and industrial
enterprises get fair share OF de-
tense contracts, with an agree
ment to report out a separate bill
to do the same thing.
BY q vote of Z to 6, the commit
tee beat down an effort to knock
out the rollback curb, Senator
Maybank said, and by an 8-to-5
vote it rejected proposal by Sen
ator Douglas. Democrat. OF Illinois
to scrap the entire measure and
approve, instead, a one-year ex-
tension of the existing price-wage
control law.
The present Defense Production
Act, authorizing price. wage and
other economic controls. is due to
expire June 80.
The Senate restriction would
hold future beef price rollbacks to
2 per cent instead of the 8 per
cent Price Stabilizer Michael v.
Disable has ordered added TO the
recent 10 per cent rollback on live
cattle prices.
DiSaIle Fears Heavy Cost.
MIR. Disable said last night that
adoption of the amendment would
cost the American public at least
$2.5 billion year.
Declaring that it could only
mean rolling forward OF
prices" the price chief said the
amendment would "penalize the
American people beyond any
measure dictated by necessity OF
reason"
The House Banking Committee
which earlier in the week votes
to cancel the Az per cent bee
price rollbacks scheduled for Au
gust and october /, approves
Yesterday a one-year rent contrc
extension Rent controls, nov
provided in a separate law, ar
also due to die June 80.
Meanwhile, Representative Cool
ey. Democrat, of North Carolina
chairman of the House Agricul
ture Committee, introduced a bl
to prohibit all rollbacks in eithe
prices or wages.
Bricker Assails Controls.
In a Senate speech yesterds
Senator Bricker, Republican,
Ohio assailed as political pro!
iteering" the wage-price contr
program and other features of tt
broadened iefenSe productic
powers sought by President Trl
man.
"It is revolving" Senator Brick
said, "to see the President Of Il
United States trying to use tt
present emergency as a Trojs
horse for the introduction of S
cialism." The Ohioan is mer
ber of the Senate Banking Cor
mittee.
AS now proposed the Senate b
would deny the President most
the new controls powers he I
quested, including the licensing
business as a price enforceme
measure. and the right to Sc
private property through CO
demnation proceedings for use
the defense effort.
The House Banking Commit
knocked out two additional cur
against imitation sought by
administration. 1t turned dow
IA to 6. an amendment to exte
credit regulations to old housi
and defeated, IL to 8. a provisi
which would have allowed
Government to boost margin !
quireiments for speculators tradi