The Archive · 1939

Mr. Roosevelt Refuses

Demands — Senators Want Increase in U.S. Silver "Price

Washington, June 22.

President Roosevelt has refused the demands of western Senators for an increase in the domestic silver purchasing price, it was reported in reliable circles last night.

Administration Senators consequently are hopeful that the silver bloc will cease delaying action on legislation extending President Roosevelt's powers to devalue the dollar.

Earlier, however, Senator Alben Barkley, Majority Leader, said the silvers bloc had informed him they planned to delay the bill.

"Members: of the silver bloc also told the press they were determined to obstruct Administration "must" leg-isolation unless the Treasury agrees to boost in the price of domestic silver. Despite the President's decision, there still appeared to be a strong possibility that the Administration's carefully prepared programme for quick passage of the tax revision bill and relief and monetary legislation "would be delayed beyond June 30, the deadline set by the President.

Administration leaders were dis-tuthed by the tactics being used by the silver bloc to delay action on the devaluation bill since the President's powers to devalue the dollar expire June 30.

If the silver bloc filibuster should continue, parliamentary manœuvres might get action on the tax and relief measures, which also must be enacted before July 1, but there was doubt concerning monetary and security bills.

Senator Alva B. Adams, Democrat of Colorado, predicted last night that the 40 Senators in the silver bloc would not be able to defeat the devaluation bill, Administration quarters defended the bill on the grounds that it was a necessary weapon to prevent currency dépteciation by foreign nations.—United Press.

Text read from the printed page and cleaned; old type leaves the occasional error.

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