National Affairs: Bank Bill

Only three times since adopting the closure rule* in 1917 has the Senate enforced it. The first occasion, in 1919, was to restrict debate on the Treaty of Versailles; the second, in 1926, on the World Court debate; the third, last week, on the McFadden-Pepper branching banting bill debate. This banking bill, the most important since the Federal Reserve Act, was approved by the Senate, 71 to 17, on the day after the adoption of closure; was sent to President Coolidge. Soon he is expected to sign it. The Bill has been pushed around Congress...

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