Salt Lake Tribune | 1918-03-06 | Page 2 | Argument in Senate Delays War Bill

WM I SENATE DELAYSWAR BILL Smoot Attacks Provisions of Administration's Finance Fi-nance Corporation Bill. WASHINGTON', March 5. Contention in the senate over the administration bill to create a -war finance corporation continued today, again preventing action on the measure after sharp clashes between be-tween its advocates and opponents and an effort by Socrctury MeAdoo Lo compose com-pose their differences. A t tack was centered on the provision establishing capital issues committee to license security Issues of SdOn.dOO and over. Republican leaders joining with Pemocrats of the bunking committee in the fight on the legislation. No progress was made on amendments and an early session of the senate tomorrow was arranged. ar-ranged. Administration leadens were doubtful as to whether the licensing plan could he retainetl. Secretary MeAdoo was invited to a conference of banking committee mem- , hers and other senators and Is said to have urged passage of the hill substantially substan-tially as it is pending in the senate, bater, during debate on the floor, Sena-' lor 1 loll is of New Haanpshire, a Pettm-ernth- member of the committee, broadly1 intimated that administration influence bad dominated the consideration of the , bill and that Secretary MeAdoo had out-, lined jufit what matter should and should not he discussed or changed. This drew a sharp retort from Senator Simmons of North Carolina, in charge of the bill, who declared the assertions were "unjust and . mi fair.' ' The licensing section was attacked by Senators Keed of Missouri, Owen of Oklahoma, Ok-lahoma, chai rma n of the bank i tig count -tee, and Mollis, all Democrats, and by, Kepublb-an l..eader Oallinuer and Senator Sena-tor Sum it of Utah. Kepuolican member of the finance connnitiee. The latter de- clar.-d that the present voluntary capital issues coin mil i ee is w or king successfully and that no securities could find a market mar-ket if disapproved by the voluntary organization. or-ganization. Senator Ijod i:e of Massachuset t s, Republican, Re-publican, said mat the fact that the committee com-mittee made a unanimous re tort on a bill was no assurance that each member mem-ber would indorse every amendment. He added that the finance committee, was just as free from outside dictation as t hne that criticise it. and deplored the 1 In.iecting of personalities into the consideration consid-eration of tile pending bill.