Show 30 FOR reclamation WORK BEGUN will wil be asked to issue bones oc or certificate ot of indebtedness 1 washington jan 21 certificates of neis is or bonds in the sum of 30 to raise money I 1 to complete ard properly ealend reclamation project projects already begun vill will bo be authorized in a bill to bo be rv reported ported from the senate committee on irrigation probably on oil monday A tentative draft of the bill was completed today it is possible that this ma may y bo be changed and bonds author authorized auth oried wed instead it was announced A long and interesting 0 o was held by the committee in n which was fought the question of issuing bonds or certificates of indebtedness tho the principle on which the proposed legislation is 13 based was presented by senator borah in a bill providing for the authorization of a bond issue this matsure was prepared by him after a conference with ith president taft and secretary ballinger while the president wag was in the west est last summer the majority of the committee voted in favor of certificates on v after it was reported by chairman carter orter that speaker cannon believes it would be impossible to get a b fid issue vi the house mr borah said th that thit it he lie be bt willing to accept the chana china if tb the majority of the committee ob olied assurance over sunday sanday that a bill pro id ing for tho issuance iasu ance of certificate would pass the house if favorable boure actio accio i is uncertain tal senator borah will offer a mino minority fity report providing provi dinn the proposed bond issue whether or bonds ure are authorized the securities may be issued as needed up to a limit of and will offer 3 pit pir cent interest payable quarterly juar terly the payment will be guarantee d by tho the government go out of the reclamation fund mr dorah borah and supporters of a bo bend boid id lawe niue believe that form of security would bo be the ms art readily marketed |