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Show ABSURDITY II PillS BELIEF, DOT THINKS Utah Senator Says He Doesn't Want Farmer to Get Mistaken Mis-taken Idea WASHINGTON, Dec. 11. Debate prevented a vote in the senate today J on the Joint resolution directing re-I re-I vlval of the war finance corporation us a relief measure for farmers. Recess Re-cess wns taken until noon Monday with an Informal understanding that a vote would be taken not later than 3 p m. I Objection to that section of Ihe res- olution directing that the federal reserve re-serve board provide liberal credits for I farmers marked the debate. Senator ( BmoOt, Republican of l"tah. gave nc-I nc-I tlce he would move to strike out the section and Senator Thomas, Dcmo- crat. Colorado, said he would ask for I a separate vote. UNJUST CRT! u ism I Senator Porn on ne. Democrat, Ohio. I Bald he would not "help wreck the federal reserve board" and Senator Glass of Virginia, declared that the section was a direct and unjust criticism criti-cism of the board and not based on facts Senator Gronna, Republican, North' Dakota in charge of the resolution. de- nled criticism of the board wos 1m-plled. 1m-plled. The offer to postpono action until j Monday was rnadi by Senator Uronn.i at the close of a speech by Senator Thomas. SMOOT IS OPPOSED The section of the resolution pro portion which directs the federal re-serve re-serve board to extend more llhf r.il credits to the farmers came In for attack at-tack today In the nenate. Senator Smoot, Republican, of Utah, sll he would move to strike It out as he did n6t believe it would accomplish wht the farmers had In mind Senator Smoot declared the federal reserve board could not do any more In the way of extending credits than It was doing without an amendment to the federal reserve act BORAH CHARGES INFLUENCE Senator Borah, Republican. Idaho, charged that the federal reserve system sys-tem was not operating as it was intended in-tended and that It was under "then beneflclent influence of International bankers." The Idaho senator told the senate flgureH had been furnished him showing more than a billion dollars on deposit In the New York banks from country bankers and he wanted to know why this was not In the country coun-try banks. Senator Smoot replied that this consisted of reserves which the banks had to maintain and that It probably was plnced In New York for business reasons and becausi also of the rate of Interest on dally balances bal-ances Senator Smoot declared that he wanted "to call the attention "f the senate to the absurdity ' of the section relating to the reserve board. "I don't want the farmers to think it will place one dollar more to 'heir credit than they have today." aald he. U |