Monday, Jul. 18, 1932
Work Done The Senate:
Work Done The Senate:
P: Adopted the conference report on the $2,100,000,000 Relief bill; sent it to the President for a veto (see below). P: Debated a bill to establish a system of home loan banks, before digressing to adopt (53-to-18) an amendment proposed by Idaho's Borah to inflate currency by $1,000,000,000 by issuance of National Bank notes on Federal bonds. P: Passed a House bill appropriating $100,000 to send the Bonus Expeditionary Force home (see p. 11). P: Adopted the Couzens resolution authorizing a committee of five Senators to investigate R. F. C. loans, determining whether they have been "in accordance with the law" and "adequately secured." Senator Couzens, committee chairman, expressed misgivings regarding the recent $80,000,000 R. F. C. loan to Chicago's Central Republic ("Dawes") Bank & Trust Co. (TIME, July 4).
This file is automatically generated by a robot program, so reader's discretion is required.