Show THIRTY MILLIONS FOR THE RECLAMATION WORK BEGUN I Congress W Will ll Be Asked to Issue Bonds or Cert Certificates f cates of Indebtedness Washingto Jan Yan of indebtedness or bonds in the sum of to raise money to complete and properly extend reclamation projects already begun will be authorized in a bill to be re reported reported ported from the Senate committee on irrigation probably on Monday A tentative draft of the bill was completed today It is possible that this may be changed and bonds authorized instead it was announced A long and Interesting session was hold held by b the tte committee In which Was fought thE question of Issuing bonds or certificates of indebtedness The principle on which the proposed legis lation Is based was presented by Sena tor Borah In a bill providing for the authorization ot of a bond Is Issue sue Hue This measure was prepared by him after a conference with President Taft and Secretary Ballinger while the Pr was In Ue tle west last 8 The majority ot of the committee voted In favor ot of certificates only after It I Iwas was reported by Chairman Carter that Speaker Cannon believes It wOUld be J impossible to get a bond Issue through the House Mr r Borah said lie he would be willing to accept the change It if the majority of the committee obtained assurance over Sunday that a bill for the Issuance of certificates would pass the House It If favorable House action Is uncertain Sen Senator tor Lurah will otter offer a minority report providing the pro proposed proposed posed bond Issue hether certificates or bonds are authorized the securities may be Is Issued issued sued as 8 needed up to a limit of at 30 and will draw percent per Cent In terest payable quarterly The payment will be guaranteed by the government out ot of the reclamation fund Mr Brah Barah and supporters ot of a bond Issue believe that form torm ot of security would be the most readily marketed |