Show I Raise in R Rediscount Rate Not Sanctioned WASHINGTON Juno June 4 AP AP- AP Senator Glass Democrat Virginia told thc the senate today that tho fed federal eral oral reserve board had declined by only a narrow mal margin ln to sanction sane lane tion the tile plea of the New York federal fed ted eral cral reserve c hank bank for a raise In the rediscount rate JIo ho made malle th the tho statement as tho senate indulged e in a round of ot criticism of stock market mallet specula specula- tion S Senator Glass congratulated tile the board for refusing to penalize legitimate business b by sanctioning an Increase in the tile rate lie Ho charged the New York directors had sought tile the Increase by every e means legitimate and illegitimate |