Show ir OWEN ASKS ACTION TO STOP DECLINES DECLINES' OF LIBERTY BONDS R ty S lee Washington May fay H. H s H-s Senator 14 Senator Owen of ot Oklahoma today made a d demand marid for tor government action to prevent prevent further decline In the market quotations ns upon upon Liberty bonds bonda In a a. speech on the floor of r the tho Senate he said that a further slump lump was Inevitable unless unless the federal l reserve board lowers tho th In interest in- in terest rates ralea In the tho reserve The senator read Into tho record a letter which he lie had bad written to Gov Gover Governor r. r nor Harding Harding- of ot the federal reer reserve board Ho charged the violent high Interest rates on the New York lork stock exchange with Impairing Impairing- confidence and creating nn an atmosphere rt of ot suspicion distrust and widespread talk of or pending Industrial depression and industrial panic The Tho further charge that this high hIah In Interest In- In n. n terest rate rat was resulting In the tho country at largo large being drained for tor the of New York and such centers centeno farming and smaller Industrials were wen Buffering from a a. lack hack of ot credit also was made mado by Senator Owen |