Monday, Feb. 29, 1932
Work Done
The Senate:
Passed without roll call the Glass-Steagall bill to broaden the Federal Reserve's rediscount base, free gold and increase currency; returned it to a conference with the House to adjust two Senate amendments: 1) an effective time limit of two years instead of one; 2) a limit of $2,000,000 capital for individual borrowing banks instead of $500,000. P: Defeated (48-to-35) the Costigan-La Follette $355,000,000 direct unemployment relief bill.
P:Confirmed the appointment of Joseph Clark Grew, Ambassador to Turkey, to be Ambassador to Japan. P:Adopted a House resolution authorizing the Congress to place a wreath on the grave of George Washington's mother.
Committees of the Senate:
Reported a $177,000,000 appropriation for the Department of Agriculture after upping it $2,000,000 over the House figure and striking out an amendment denying Federal road construction aid to States using convict labor.
The House:
Passed a bill appropriating $50,000,000 to the Department of the Interior. P: Adopted (335-to-56) a Senate resolution proposing a Constitutional amendment to eliminate the "lame duck" session of Congress.
Committees of the House:
Reported favorably a bill to parcel out $700,000,000 to the States for unemployment relief.
P: Heard Secretary of the Treasury Mills's supplemental proposals for tax increases.
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