Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1921-10-07
PLAN BOND ISSUE
To HELP JOBLEss
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 Mayor.

Washington, Oct. 4.-Advisability or
a federal bond issue to create fund
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 proposal has been suggested
to the conference as part of a 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
fund has been made as yet. The plan
constitutes one of the recommended
lions 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 UNI
employment statistics and upon proof
of the soundness and utility of specif-
ic public works proposed. 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 UNI
officially that Portland, Oregon amt
Milwaukee were working along the
same lines
The conference will ask the bankers
of the nation and mayors of all cities
10 back the emergency program to
check unemployment planned by the
conference, Secretary Hoover said.
Henry f. Robinson, a member OF
the conference, has gone to Los An
geles TO plead with the American
Bankers association, in conventions
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 emeri
gency organizations with municipali-
ties behind Them" Secretary Hoover
said
"The Presidents conference on un-
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
$500, 100000 railroad refund is part of
the plan.
Union Leader Opposes.
tt is known, however, that W. $.
Carter, president of the Brotherhood
of Locomotive Firenen and chairman
of the committee, intends to continue
his efforts to block a recommendation
of payment of this refund. unless
specific provision is included that the
railroads spend the money for main
tenance and repair.
Carter succeeded in preventing such
recommendation being included in
the emergency program adopted by
the conference.
Edgar r. Clark, chairman of the in
terstate commerce commission, and
member of the transportation commit
tee, is said to support Carter in his
! demand.