Show I I 4 RESERVE BOARD OARD IS DEFENDED BY KING Objects to Intimation That Body Is Responsible for Inflation I loW By Jo in John Herald HeraU Washington Correspondent Washington May I 17 senator King Icing went to tho the defense of oC the federal re reserve ro- ro serve board today In tho the Senate when the McCormick resolution was brought up and passed calling for Information as to what tho the board beard Is doing to re relieve re- re lieve Inflation and prepare for crop moving mo Senator King objected to an any intimation that the reserve board was responsible for tor inflation but did not carry earn It to tho the point of blocking the resolution Senator McCormick talked plainly of ot the danger of ot a credit ge gency ncy Senator Smoot ma may be the man who makes It possible for the administration tion to continue for tor the next fiscal year ear printing about government go documents now published Senator Smoot recently pointed out O that the President In his veto velo was misinformed and the tho actual effect of or dropping out that section of ot the legislative bill which he vetoed would could be to make it impossible for tor documents now published pub pub- to be published hed next fiscal year ear The House appropriations I committee has taken tho the President at his word struck out the section and thus tied up UJ the documents Senator Smoot Is advising that tho the language be he so framed that the tho documents now not being published can be bo published after July 1 |