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Senate Rejects Block on 5 Percent Loan Bill
Senate defeats reconsideration motion on the 5 per cent a month loan bill and sends the measure to the House. Party lines split on the maximum clause while Gov Coolidge is believed to oppose raising rates. Observers note Democratic opposition in the Senate and anticipated veto if the 5 per cent provision remains.
MENTIONED IN THIS ARTICLE
Senate
House
John Jackson Walsh
Boston
Walsh
B. Loring Young
Weston
Young
Joseph F. Warner
Republican
Coolidge
Maine
Connecticut
Pennsylvania
Maryland
Ohio
Indiana
Illinois