Washington, May 8.
The House of Representatives @ay passed the Banking Bill after rejecting an amendment proposing outright. government ownership of the Federal Reserve system by the purchase of all the stock of the Federal Reserve Banks. 'The House #ls0 rejected a proposal to eliminate the section authorizing the Federal Reserve 'Board to change the reserve requit monte of its member bonks, as well as an amendment requiring' all state bonks to join the Federal Reserve system by July 1, 1938—Reuter, Utilities BIN in Senate Washington, May 8, The Senate Interstate Commerce Committee voted today by 11 to 3 fo defeat an attempt to eliminate from the Administration Utility a clause which would eventually abolish the present system of holding [companies—United Press,
Text read from the printed page and cleaned; old type leaves the occasional error.