Washington, Feb. 28.
Y the narrow margin of 155 votes to 135, the House of Representatives today, defeated an amendment to the Treasury Appropriations Bill which would have limited. the Treasury's purchases of silver to domestic newly-mined metal. The amendment had earlier been approved by a standing vote of 130 to 128 which was reversed by a subsequent teller vote.
The sponsor of the amendment was Mr. John Taber, Republican of New York, who asserted that the United States, as a result of the Treasury's foreign silver purchases, had been paying for the Sino-Japanese and Spanish wars.
Testifying before the Coinage Com-Washington, Feb. 28.
the House of Representa Fof the first time Mr. Morgenthau Morgenthau, revealed the stabilization fund's con-strongly fidential balance sheet which showed urged renewal of -the emergency extensive operations involving Chin->owers covering the Stabilization ese currency. The balance sheet Fund and dollar devaluation which showed that the Treasury never are to expire on Jure '30. employed more than $200,000,000 The power to devalue the dollar, from the fund and also showed that he maintained, had been "a warning net profits since 1934 amounted to to the world that we are ready and $9,874,447. They also showed that able to defend the position of this one of the fund's chief~operations country in world trade and to protect was to stabilize the relative values American goods from intensive com-of the United States dollar and the petition in the United States market."
Chinese dollar.in accordance with Mr. Morgenthau refrained from an agreement with the Chinese specifically recommending renewal of Government. the emergency powers authorizing Mr. Morgenthau said the United, the purchase of newly-mined silver, States silver buying policy had aided but he drew attention to the fact China. He said he did not believe;|that these powers would expire on the United States had forced China June 30 and, under the proposed bill, Off the silver standard. "Silver, pur. Would be extended until January 1,|chases by the United States" he 1941. said,
Text read from the printed page and cleaned; old type leaves the occasional error.