Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1921-10-12
PLAN BOND ISSUE
To HELP JOBLESS
Proposed That U. S. Loan Money
for Public Work.
BANKERS TO Be CONSULTED
Federal Credits 20 Municipalities Dur
Ing slumps Is Scheme Of Hoover
-conferenee 20 Ask Help
From Mayors.

Washington. oct. 4.-Advisability OF
a federal bond issue 20 create fund
fnr making loans to aid municipal pub
lic works Ia years 81 depression when
jobs are scarce Is under consideration
by subcommittee o. the national con-
ference on unemployment
such 4 proposal has been suggested
O. the conference as part ~ plan for
permanent safeguards against bad
years Tor the natiou's workers. No
estimate 81 how many millions Of dol
lars would BE required FOR such
fund has been made as yet. The plan
constitutes one ~ the recommenda-
lions u the conference advisory CON-
mittee.
Available for idle.
Loans % municipalities would be
made by the federal government under
the plan only upon proof of national
Unemployment and industrial depres-
sions. a. shown by Industrial and I'M
employment statistics and upon proof
% the soundness and utility of specif-
&c public works proposed The inter
est rate for loans 20 municipalities
would be not less than that paid by
the federal government
Steps have been taken by city off,
Gals 81 Boston and Cleveland 10 put
into effect the emergency relief pro-
gram adopted last week by the con-
ference. Secretary Hoover announced,
adding that he had been Informed IN
officially that Portland. Oregon and
Milwaukee were working along the
same lines.
The conference win ask the bankers
Of the nation and mayors u all cities
&C. hack the emergency program 20
cheek unemployment planned by the
conference. Secretary Hoover said.
Henry T. Robinson. member Of
the conference. has gone 20 Los An
Eeles 60 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.
The Presidents conference on I'M
employment Is anxious 90 know what
steps are taken In the various cities
and towns. and % have the views Of
officials for further constructive
plans
Definite measures 20 solve the trans
portntiou problem viii be taken up by
the transportation committee. Il was
officially announced
The committee is working on a
plan and consulting with railroad
executives Tor approval The proposed
SIO0uOOOp0 railroad refund Is part Of
the plan
Union Leader Opposes
IL g. known. however. that w. s.
Carter. president 81 the brotherhood
a. Locomotive Firemen and chairman
az the committee. intends TO continue
his efforts 60 block a recommendation
a. payment ~ this refund unless a
specIGc provision Is Included that the
railroads spend the money Tor main
tenance nnt repair.
Carter succeeded In preventing such
r. Recommendation being included In
the emergency program adopted by
the conference
EdEar r Clark. chairman ~ the In
terstnte commerce commission. and
member q the transportation commit
tee. Is said 20 support Carter In his
demand.