Salt Lake Telegram | 1932-05-24 | Page 3 | Bill to Firm Dollar Value is Held Over

BILL TO FIRM DOLLAR VALUE IS HELD OVER Defers Action I Ion Body Senate on Measure to Stabilize Stabilize ize Silver Unit Frew I BT or May The 24 sen- sen WASHINGTON committee today postponed post- post a c banking Goldsborough bill the action Uon on aed Chairman the dollar but t to said Mid he believed NorbeCk R. R S. S D D. Ra along ng this line will be re- re something or fa favorably ably bly next Tu Tuesday da ported po voted 7 to 5 against The a today Later it t the measure action on S unanimously to take toke it up agreed was action to with a view action Tuesday y told newspapermen a a majority ma- ma Korbeck loSS S 'S of this committee is is in m favor I form of inflation of S While some he observed that the senates senate's is awfully congested as the docket of the session approaches he end that he hc favors a inflation and md will added bring about enactment of oC the to bill cither either with or Goldsborough without amendments The measure sponsored by Representative Goldsborough D. D Md has 5 d tin the house It prow provides idea that thai the federal reserve board shall seek to the thc dollar at the 1929 1921 liz Utilize b Ie evel LI by its open market operations A substitute ute measure was proposed Glass D D. Va tentatively elb by Senator A majority of the committee Norbeck Nor- Nor beck said felt they should have time timeto timea to a study t. t the e measure further before belore