Show ECONOMY BILL AWAITS ACTION Sponsors Guard It Secretly Until Revenue Measure Is 15 Safe Safely Passed a By n Associated ltd WASHINGTON May 28 Guarded 28 Guarde today in deep secrecy the economy bill is completely restored and ready for tor senate action immediately the bi bile bil- lion dollar tax bill is passed The six senators who rebuilt th the measure in weeks of special committee commit commit- tee work were fearful that if the new nc draft were disclosed too soon oon interests inter ests which combined to slaughter th the houses house's economy program would as 15 once again So they resolved resolve to keep lips scaled until the measure has been approved by the full appropriations appropriations committee This committee will receive the biJ bill Monday By Tuesday or Wednesday the revenue bill should be passed passed When that point is reached leaders leader believe the muddled legislative situation situation situa situa- tion will clear itself considerably Moving the economy bill will open the way for the seven or eight pending pend pend- in ing appropriation measures which may be passed rapidly once a definite policy toward the government es is reached The economy bill is understood t to reduce government operating costs cost by some Though th the members of or the special committee said salt nothing the measure is believed to carry broad authority for Pres Hoover to reorganize bureaus anti and cu cut down overlapping wasteful activity While beyond definite estimate th the administration hopes to save many millions through this power If It the senates senate's current disposition to make haste can hold through the economy bill some members believe adjournment before the Republican national convention June H. H 14 still is possible But the chance is a thin one in in view of the certainty that the highly highly high high- ly Iy controversial unemployment relief re reo re- re lie lid lief is to be considered and much conference con con- ference work with the house houze will be bc required to adjust differences on al althe all the financial bills bilI |