Monday, Feb. 08, 1932
Work Done
The Senate:
P: Received from California's Johnson a bill to provide for a Federal "foreign loan board," composed of the Secretaries of State and Commerce and the Governor of the Federal Reserve Board, which would inquire into the flotation of foreign bonds in the domestic market. No issue could be sold or used as collateral in any business negotiation without the board's approval.
P: Heard a resolution by Washington's Dill which would prohibit shipment of munitions to China or Japan.
P: Passed a bill appropriating $1,725,000 for Federal participation in the 1933 Chicago World's Fair.
P: Received a bill from New Mexico's Cutting which would permit the naturalization of conscientious objectors to war service.
The House:
P: Adopted (191-to-1) a Senate resolution ordering the Interstate Commerce Commission to investigate the feasibility of a six-hour day for railway workmen (see p. 11).
P: Adopted the conference report on the $126,000,000 first deficiency bill, returned it to the Senate $1,000,000 larger than it was when it was originally passed in the House.
P: Received the resignation of Pennsylvania's J. Russell Leech, who was appointed by President Hoover to be a member of the Board of Tax Appeals.
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