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Show SENATE PASSES Bfliffl BILL Impending Adoption Of Cloture Brings The Banking Bill To A Vote; 54 For, 9 Against. Climaxing a two year effort that included breaking one of the longest filibusters of a - "Lame Duck' session, Virginia's 75 year old senator, Carter Glass, on Wednesday Wed-nesday night, put through the senate his bank bill to make far reaching changes in the nation's banking laws. A vote of 54 to 9 sent the measure meas-ure to the house. The Virginia democrat, a former form-er secretary of the treasury squelched squel-ched the oppositin Wednesday by circulating a petition to invoke the limited cloture debate-limiting rule. In the face of this threat Senators Sen-ators Long of Louisiana and Thomas of Oklahoma announced they wluld no longer delay the bill, but predicted that it was as good as "dead." The bill calls for more than 25 changes in the national and federal fed-eral reserve acts, designed to curb bank closures, assist depositors of closed banks and stop the flow of federal reserve credit to speculative specula-tive channels. Senator Gore would make it a misdemeanor for any executive officer of-ficer of a reserve member bank or his relatives to borrow from, that bank. Gore said he had been informed by receiver of some banks that one-third of the bank failures were ( caused by borrowing by officers ( of the institutions and their rel-, atlves. I 1 |