The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1953-07-31

debt ceiling from re present rs
lbsllion dollars 10 80 billions.
Humphrey said yesterday near
panic might result il the lid i
mot lifted and the government IS
4 result couldn't pay its bills. The
debt now stands AZ zT2s1 billions
The Senate Finance Committed
planned i similar session this an
iern0on (i:30 p. III EST. House
leaders obviously hoped % send the
bin I'd the Senate III time for that
committee to act on il today.
As the Senate recessed last night,
acting Republican Leader Know
land Of California told his col
leagues he stiIl twill want to re-
serve judgment "a the hour and
day Of adjournment" il view q
the Presidents debt limit request.
He said he advised Secretary ef
State Dulles he does not expect
to be free to leave either Saturday
or Sunday on their scheduled trip
to Korea to confer with Korean
President Syngman Rice.
Sen. Lyndon B. johnson Of Texas,
the Democratic leader. called the
debt limit request startling Ii
has been sent to the Congress at
the 18th hour"
Eisenhower formally asked for
the increase i'm i terse, 2SO-Word
message to Congress last night.
The President said ii win be
necessary to borrow more money
and exceed the present limit TO
meet necessary expenditures and
to maintain a safe working hal
ance Of funds 10 conduct the
governments fiscal affairs effec-
lively"
House Speaker Joseph Martin
lR-Massl told reporters there may
be wall of protests over the issue,
but when the chips are down con.
gressmen will be falling ali over
themselves to 7ote for the IN
crease
None Of these fellows Isl going
to want to vote against this thing
when they realize tie veterans
might not get their checks in De
cember, or government workers
might 30 unpaid, or we might not
be able to pay for the airplanes
and tanks delivered for national
defense. Z
Sen. Sparkman 81 Alabama. the
Democrats 1852 vice presidential
nominee, said he would prefer to
have the administration Try TO get
along without the higher. ceiling
and call Congress back 70 special
session in the fall Il it finds this
impossible.
Sen. Maybank tD-SC) declared:
II think at this particular time II
is impossible for the President 10
have the debt limit raised. If the
administration viii economic and
cut, they won't need IL 4
Most said they wanted "a. hear
the administrations Justification Of
the appeal before declaring their
intentions.
House Democrats planned al sc.
tack on iast-minu.e timing 0f the
proposal and on what one called
4 .cowardly lack 81 CUTS, "a ask
for enough taxes to balance the
budget and avoid the debt increase
But House Democratic leaders
conceded majority Of their mem
bers would vote for the increase
IN a showdown.
With the main battle centered IN
the Senate, Knowland said Senate
rules permitting unlimited debate
were the chief obstacles 10 fast
action.
But Sens. Byrd DIVA and
George (D-Gal, both members 81
the Finance Committee who pre-
viously blasted the idea, said they
were open to persuasion.
Administration spokesmen said
they waited until the closing DAYS
Of Congress to make the proposal
because "a they wanted to Be sure
Il was necessary and f2l earlier
requests might have begged down
in arguments that appropriation
and revenue figures c0uldn't Be
definite until Congress acted On