Show TAX sv fiGHT GEN GEN- TEAS TERSO ON GOLD World Distrust Threatens U. U S. S Currency Basis Plead For A Balanced Budget Heavy Huns Tuns HunsOn On Gold Seem Damaging President Hoover informed senate senate senate sen sen- ate Democrats Monday night of ot the need for more revenue than now is provided by the pending tax bill blU He received tacit support sup sup- port Secretary Mills weary from revising re revising revising re- re the estimates made arrangements arrangements ar ar- ar- ar rang ments to present ly Iy a list of new taxes to be added to the bill Owen D. D Youn Young New York fi financier financier financier fi- fi and prominent Democratic Democrat Democrat- ic leader joined in outlining to the Democrats the new emergency situation requiring the additional funds In a carefully planned maneuver maneuver maneuver man man- euver foes of the sales tax presented presented presented pre pre- a petition signed by 55 members pledged against the levy y and called upon the senate to tonight tonight tonight to- to night to pass the revenue bill without further debate After agreeing to toa a a vote on the Connally Connal- Connal ly amendment to raise income taxes the senate recessed Senator Reed Republican Penn Pennsylvania Pennsylvania sylvania injected the gold standard standard standard stand stand- ard issue Into the tax bill difficulties difficulties difficulties when he warned of runs on American gold with a possible gold embargo forcing the United States off the gold standard His brought sharp retorts Senator Reed and Senator Walsh of Massachusetts in maneuvering for for far time oz 01 tl tae tEeT s e salt safe n on tux tax Item i joined in the statement that We Ve know our country is sound But the world distrusts us Reed asserted Gold GoldIs is going out as fast as steamships can carry carry carry car car- ry it We Ve lost last week We Ve cant can't stand the drain continuously without a gold embargo embargo embargo em em em- bargo and that means going off the gold standard Senator La Follette Republican Wisconsin said the senator from Pennsylvania has made three speeches which whether they were calculated to do so or not have had the effect of doing all that is in the power of the senator senator senator sen sen- ator from Pennsylvania to create both a foreign and domestic run on the American dollarI dollar I say it is nothing short of striking a blow in this critical situation situation situation sit sit- for the administration and the senator from Pennsylvania to arise and nd make malte a speech of the character which he has made this afternoon Earlier Senator Lewis vis Democrat Democrat Democrat Demo Demo- crat Illinois referring to Reeds Reed's remarks about withdrawals of gold asked Who Vho are these fi financiers financiers financiers fi- fi of the United States Slates who are sending out the gold of this country in large sums of money What of their patriotism he inquired Lewis said that if Reed referred ed to earmarked gold that does not belong to the United States anyway and the tho news of its withdrawal withdrawal withdrawal with with- should not be used in a away away away way that would create the terror terror terror ter ter- ter- ter that brings panic If it is American gold he lie said he wanted to know the names of the gold exporters Senator Reed Recd leader of the fight for the levy threw away the original estimates of Secretary Secretary Secretary Secre Secre- tary Mills and said the measure was short of balancing balancing balancing balanc balanc- ing the budget |