U.S. BANK REFORM
SENATE PASSES BILL j CENTRALISM') CONTROL (Klee. Ti‘l. (' ijiy t'niteil I’re.s.s Assn.) | ■ (Received .Iu 1 v 29. 12 noon) WASiViNUTON. .Inly 28. Tin' long-debated and complicated Hank . I{l'Toiin Hill, vitally revised by .■senator (Hass, was passed bv the. Senate by a viva voee vote. - 1 Two radical amendments were detent-1 ed. Tin- first, wbieb would have l ineor i porated Father Coughlin’s ideas of a | centra'! bank, went down by 59 votes to! 10. iind the second, advanced by Senator t l.a Foletle. which would have prevented banks underwriting securities was lost ! by 50 votes to 22'. | As approved, the lull lends to centralise the control of bank credit in the Federal Reserve Hoard.
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Bibliographic details
Poverty Bay Herald, Volume LXII, Issue 18770, 29 July 1935, Page 8
Word Count
117U.S. BANK REFORM Poverty Bay Herald, Volume LXII, Issue 18770, 29 July 1935, Page 8
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