Ogden Standard-Examiner | 1920-05-21 | Page 3 | Rap Plan for Loan to Allies

Senators Agree That Further Help From U. S. Government Would Be Improper WASHINGTON, May 21 Suggestion Sugges-tion by Senator Owen, Democrat,' Ok ' lahoma, that the United States faclll-' faclll-' tate extension of commercial credits to Europe, brought forth in the senate criticism of proposals that the government govern-ment itself should lend money to European Eu-ropean governments or nationals. "Do I understand the senator to be advocating tho direct loan of money in the United States government to European governments'.''' Senator Polndexter, Republican, Washington, asked. "No," Senator Owen repliod. "I do not think anybody is In favor of that. It would be an lmpropor use of the taxing power." "1 am sorry to say that there arc people who do favor extending direct loans to Europe out of money raised hero by taxation," Senator Poindcxter said. "There is a c6nsiderable of a movement on foot for that purpose in New York now. Henry P. Davidson, former head of tho Red Cross, is actually actu-ally urging It. Of course, In time of war, it might be proper to tax our people for loans to our allies, but In time of peace it is very questionable whether the constitution would extend ex-tend tho "power to congress. I'm giad to hear the senator takes tho same view."