Salt Lake Telegram | 1945-06-07 | Page 1 | House Approves Bretton Woods

I j House Approves yes ves' Woods VASH WASHINGTON June 7 UP- UP The Breton Woods world monetary monetary monetary mone mone- tary agreements agreements' eme were approved ved overwhelmingly by the thel hou house e Thursday The final roll call showed for ratification a lon and 18 against All the opposition votes w were r-were re cast cast by Republicans The ratification legislation now goes to the se senate ate where the opposition op position predicted a Vigorous bat bat- tle tie Two presidents have d described th the agreements agreementS' as laying the ecoe eco economic foundation for lasting peace The opposition in two days daya of ot h house use debate described th the monetary plan as a swindle and arid anda arida a f fraud ud and as aS an ln international r The United d St States tes is ts th the first of the united nations to to act on the agreements Prior to its final action Thursday Thursday Thursday Thurs Thurs- day the house hous beat down wn to 29 9 a motion by Rep Sumner R. R HI Wi t 1 member of the to send d the ratification legIs leg leg- Is back to the b banking committee com corn with instructions that all aU provisions for an int international monet monetary ry stabilization fund b be eliminated I IThe The agreements drawn by representatives representatives rep rep- rep rep- of 11 B nations nations' meetIng meeting meeting meet meet- ing last summer r at t Bretton Woods N N. H. H H.- H. propose to to establish lish a world ba bank k for reconstruction and development development develop ment loans and an an fund for tor International curren currency y JI stabilization on The first houle house test came ame on a a motion by Mias MIu Sumner to strike fro from the measure all refe reference nce to the he monetary ry fund which sh she abC described de dee scribed as a swindle and a L fraud She She- contended tho stabilization effort for as as is embodied in the agreements agreements agree agree- ments would finance c currency ency depreciation n and debt rep dJa- dJa lion tion p The late President R Roosevelt last ast F February said Bretton WO Woods b is Js the cornerstone for international o economic co cooperation and President Truman in a a letter read in the house Tuesday declared th the plan paramount In establishment establish establish- ment meat of a sound economic foundation tion for tor lasting peace