Show ROOSEVELT T HITS BANK PAY BILL Believes Believe's Measure Would Ac Inequitably Toward Some SomeI I Depositors f By I Press rt V WASHINGTON ASHINGTON April 18 dent Roosevelt definitely cast asidE asid e today the McLeod bill for Cor payment t of depositors In closed banks f In n shaping up the administrations administration's program pro pro- gram for an early conclusion of oC con con- gross gress The president Is understood t to o regard it as impossible to do justice e any in-any attempt to pay oft off depositors depositor s es In closed banks such as proposed f in n the bill He has however directed the of oC- of oC the R F C and the treasur y to seek a more liberal policy i in n making loans on assets in fn closed close nd d banks es Are Arc Cited It was WM pointed out that In th the e case of oC two banks which cl closed sed a at t the same time in the same town tow n one might have been in a position n to pay depositors 60 cents on the dollar and close its books while the other has still made no payment pa The latter bank under terms of oC the McLeod Mc od bill would of off pa pay at cents H. H dollar doUar with federal funds although allbough it was in in poorer shape than the bank which paid of off at 60 Mr Roosevelt is concerned with questions of how far back the government government gov- gov should go in making up bank losses He is confident of oC a satisfactory compromise on the tax revision bill bili There aro hints that proposed tax return publicity may be modified to allow for executive action Mr Roosevelt wants some form o of f legislation to provide for labor mediation mediation me- me in place or of the present Vaguer wag wag- nor labor board To Stud Study Labor L. BillA Bill i A bill containing the general gen ral principles prin- prin of the measure proposed prin-I prin by Senator Wagner CD D. D N. N Y will b be besought e sought in a White House conference tomorrow It was reiterated at the White House that the president will send congress a message ge on war debts but there was still every expectation expectation tion it would be more in the Corm for m of oC a report than a request for legis- legis lation |