Monday, Feb. 26, 1940
Work Done
The Senate:
-- Approved non-military aid to Finland (see above).
-- Fearful that an embargo might mean war, cautiously postponed (in Foreign Relations Committee) action to embargo trade with Japan. "The Committee fired a few blank cartridges and then fell back," said Texas' Tom Connally (who next day fell ill of heart trouble).
-- Passed a $1,032,784,115 annual Treasury-Postoffice Department supply bill, sent it to the House for concurrence in amendments.
The House:
-- Curtailed naval appropriations and authorizations so sharply that Ways & Means Chairman Bob Doughton was able to say: "It looks like we won't have a tax bill this year"; voted and sent to the Senate a naval bill totaling $965,722,878 (down $112,693,139 from budget estimates); received from the Naval Affairs Committee a bill to authorize (but not immediately appropriate) $654,902,270 for further expansion.
-- Debated continuance of the Hull reciprocal-trade program.
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