The political armistice offered the Administration by seven Democratic leaders (TIME, Nov. 17), an almost unprecedented occurrence in U. S. history,* was accepted hastily last week by the Republican Senate floorleader, James Eli Watson of Indiana. He made no reference in his reply to the offer's limitation of its promises to the 72nd Congress, for he and the President were much more immediately concerned with the session of the 71st Congress meeting Dec. i. That session must pass the supply bills for fiscal 1932 before Congress adjourns...
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