Salt Lake Herald-Republican | 1910-03-04 | Page 1 | Senate Debate on Postal Bank Bill

SENATE DEBATE TE ON POSTAL BANK Bill Smoot Amendment Adopted Vote on the Measure Probably Today Washington March 3 Taking advantage advantage advantage tage of o the privilege reserved in Its Us agreement on the vote yote on the administration tion postal savings bank bill the Senate Sanate at 5 p m today took a recess until 1109 1100 a m tomorrow without disposing of ot the measure The agreement for or a vote during the theda day dav da was qualified by b the use of the word legislative before the word day The taking of o a recess prolongs the day da daIn in a legislative sense and still leaves the agreement inviolate There is every ever rea reason reason reason son to believe bellevo that the bill will be dis die disposed disposed posed of tomorrow The bill today was under general discus discussion discussion discussion sion and was sharply criticised by many Senators A large Jarge number of ot amend amendments amendments amendments ments were adopted Most of them were along hues li eJ heretofore discussed but there was one innovation Senator Page of offered offered an amendment embodying em bod ring a 0 provi provision sion slon for the establishment of a reserve fund for postal banks Mr CumminS attacked this th s amendment and secured the elimination of ot the reserve provision Among the amendments adopted was one suggested by Senator Smoot which had been outlined in tho conference of Republican leaders headers regulating withdraw withdrawals als ale of ot postal funds and the power of ot the trustees to make Investments to the authority explicitly granted In the bill itself Tho The Smoot amendment and the Cum Cain Cummins Cummins mins modification led to much debate which will be continued tomorrow when Senator Sentor Root will wUl speak