AMERICAN CRISIS

Evening Post, Volume CXXVIII, Issue 1, 1 July 1939, Page 9

AMERICAN CRISIS

POWERS TO PRESIDENT

DOLLAR CONTENT

HOUSE OPPOSES SENATE

WASHINGTON, June 29. The Senate and the House of Representatives committee gave President Roosevelt an advantage over his Congressional foes tonight by voting to restore his power to devalue the dollar and continue his foreign silver purchase policy, but the matter is certain to provoke a fight in the Senate tomorrow when,the Bill is introduced for ratification. There is a possibility of a filibuster (stonewall) when the President's monetary powers 'expire after midnight tomorrow. - The indications point sharply to a temporary defeat for the Administration on the Monetary Bill, but there is every prospect that the two-billion dollars stabilisation fund will be renewed before the session ends. " The President's remaining power to devalue the dollar may be less certain of reinstatement, however, should it lapse. Upon the strongest urgings from Mr. Roosevelt when he hurriedly returned to Washington today from Hyde Park, the Administration leaders worked feverishly into the night trying to break the jam holding up this measure. Also the 1,808,300,000-dollar relief Bill for the 1940 Works Progress Administration is left with only 24 hours of life unless new legislation is enacted. * '" The Senate and House committees announced at midnight that they had reached a compromise-agreement over the relief Bill and predicted that their report would be accepted by both Houses tomorrow.