| Show INSURGENTS FIGHTING IN CAUCUS TO AMEND GlASS CURRENCY BIll Would Give Farmers Credit in I Reserve Banks on Warehouse Warehouse Warehouse Ware Ware- house Receipts WASHINGTON Aug AuS 12 The Tho Tho tight fight of ot so-called so Insurgent Democrats Democrats Democrats Demo Demo- to broaden the tho power of or farmers and cotton raisers to use warehouse re receipts receipts re- re as security for for or credit with i tho proposed federal reserve o banks dominated dominated domi domi- today's loday's caucus of tho the Democratic members of or tho the House over OYer tho the Glass currency bill Representative of oC I Kansas WIngo of or Arkansas and ga Eagle le of oC Texas TexaR advocates of ot the tho proposed extension of or f agricultural credits hel held tho floor throughout the day with frequent in interruptions Irl- Irl b by Representative O Glass Glassand mid and other supporters of or tho the adminis administration measure The rho Insurgent forces claimed tonight to havo have secured some somo added adlle strength during the da day Chairman Glass a again defended d tho the bill on tho the ground that It 11 gave Kavo the te Carmer farmer farmer far Car mer ample power to use his warehouse c cr r receipts as security for fez notes provided ed he hc wanted l bone mone money for bona tide fide agricultural operations The Thin amen amendments monts demanded h h by thu goats gents would make malec warehouse receipts lc legal al as specifically specifically- Hec for fot re rc- rc discountable n JOl and the HIM administration t thou tion forces Insisted that such amendments amendments amend amend- lead to ments meats would widespread SPeculation SPec SPec- and that th h re receipt re- re would pass Jass Into the han hands handa e of or a n. af f fi ff w bl big speculator who would don lomU wheat corn and cotton nate the market mar Inar- and ancl manipulate te prices k ket tK e. A vote ote n the lull bill Is not expected h- h be- be on Page Pago 3 Column G. G J INSURGENTS fiGHTING IN CAUCUS TO AMEND GLASS CURRENCY BILL Would Give F Farmers Credit in Reserve Banks on Warehouse Warehouse Warehouse Ware Ware- house Receipts x Continued from Page Pago 1 fore ore the tho end of the week Echoes of ot the tle House money mone trust investigation In were Vere heard throughout the day Representatives Representatives Rep Rep- es Neeley Neele and Wingo using the lessons of or the money mone trust inquiry to support their demand for tor amendments amendments amend amend- ments meats to prevent Interlocking hoards boards of ot directors and Interlocking stockholding stockholding stockholding stock stock- holding In national banks Republican Leader Mann rann has notified all nh absent Republican representatives es to return to Washington by August 15 with Ith a View vIe to being prepared for forthe forthe forthe the introduction of oC the administration currency bill In the tho House and to at attend attend attend at- at tend a Joint Republican caucus Many l members have havo been awa away for fot weeks whim tho the House Is marking time pendIng pending pend pend- ing the tue Senate consideration of ot the tar tariff and the framing of ot the currency bill In tho the House There Tl will be b a a. Joint caucus of ot Republicans of oC both the Senate and the House aa R soon ns nR the now absent members are arc aro gathered again at the capitol to select elect members of ot tho ho Republican congressional committee committee com corn for or the coming cominS' campaign |
