The Wisconsin tobacco reporter. (Edgerton, Wis.) 1877-1950, 1921-10-07
PLAN BOND 1851.
To HELP J0BLEsS
Proposed That U. S. Loan Money
for Public Work.
BANKERS TO BE CONSULTED
Federal Credits to municipalities Dur
ing SIumps Is Scheme of Hoover
Conference to Ask Help
From Mayors.

Washington, Oct 4-Advisability OF
q federal bond issue to create rune
for making loans to aid municipal pub
lie works in years of depression when
jobs are scarce is under consideration
by subcommittee of the national con-
ference on unemployment.
Such d proposal has been suggested
to the conference as part of plan for
permanent safeguards against bad
years for the nations workers. No
estimate of how many millions of dol
lars would be required for such a
fund has been made as yet. The plan
constitutes one of the recommends
tons of the conference advisory COM
mittee.
Available for Idle.
Loans to municipalities would be
made by the federal government under
the plan only upon proof OF national
unemployment and industrial depres-
sions, as shown by Industrial and IN
employment stati@ti and upon proof
of the sOundness a utility of specif-
ic public works pr, j0sed. The inter-
est rate for loans to municipalities
would be not less than that paid by
the federal government.
Steps have been taken by city Off
Gals of Boston and Cleveland to put
into effect the emergency relief pro-
gram adopted last week by the con-
ference, Secretary Hoover announced,
adding that he had been Informed I'M
officially that Portland, Oregon and
Milwaukee were working along the
same lines.
The conference will ask the bankers
of the nation and mayors of all cities
to back the emergency program to
check unemployment planned by the
conference, Secretary Hoover said.
Henry E. Robinson, member of
the conference, has gone to Los An
gees to plead with the American
Bankers association, in convention
there.
Hoover Gives Views.
employers and business men, relief
organizations, state and federal agen-
cies, cannot surround the unemplOy-
ment problem Systematically until
mayors have established strong emer-
gency organizations with municipali-
ties behind Them" Secretary Hoover
said.
1.-The Presidents conference on I'M
employment is anxious to know what
steps are taken in the various cities
and towns, and to have the views of
officials for further constructive
plans"
Definite measures to solve the trans
pOrtatiOn problem will be taken up by
the transportation committee, it was
officially announced.
The committee is working on a
plan and consulting with railroad
executives for approval. The proposed
$5OO,OOOOOO railroad refund is part Of
the plan.
Union Leader Opposes.
1t is known, however, that w. S.
Carter president of the Brotherhood
of Locomotive Firemen and chairman
of the committee, intends to continue
his efforts to block a recommendation
of payment of this refund unless a
Specific pIONlSIOIl Is I1SluucU IHdl Tie
railroads spend the money for main
tenance and repair.
Carter succeeded in preventing such
a recommendation being included in
the emergency program adopted by
the conference.
Edgar E. Clark, chairman of the in
terState commerce commission, and
member of the transportation commit
tee is said to support Carter in his
demand