Evening star., 1931-12-12
BONDS ARE URGED
FOR CONSTRUCTION
League Cites Need for Build
ing to Speed General
H Business Recovery.

Provision Of large amounts Of funds
for needed construction work Of all
kinds, both governmental and institu-
tional, through issuance of bond issues,
wherever possible, is urged by the Con-
struction League Of the United States,
recently organized for the coordination
and stabilization Of the building in
dustry
Meeting at the headquarters of the
American Institute Of Architects here
this week were representative of archi-
tects, engineers, contractors, subcon-
tractors, labor and producers of ma
terials who are affiliated with the coun-
Gil.
Oppose Government Dole.
with due allowance for the confus-
ing interlocking wheels Of business, the
Construction League feels justified in
sustaining the conclusion reached by
many others that there can be no gen.
eral improvement in economic condi-
tionS so long as construction work lags
throughout the country the council
declares in a statement issued by Horace
w PeaSlee, cha'rr'e-n.
Sixty per cent Of the skilled worKmen
hL4G lcDilN NAo VI hllG Abhillly y dlE 4IlC
This represents one of the COuntrys
largest earning and buying groups, who
are not only now deprived Of buying
power but, unless conditions change,
may become public or Semi-public
charges, further depressing the depres-
sion.
This statement is not advanced with
prime regard to the interest of the con-
struction industry. But it is important
30 point out how some Of the money
now collected for general relief could
do double service, If applied to needed
construction.
THE league realizes that immediate
and generous relief is necessary this
Winter but such relief produces no eco
nomic return. The league places itself
on record as emphatically opposed TO
Government dOleS total economic losses
which provide no economic returns and
involve far reaching effects on the
morale of the citizen and on problems
Of Government Every man should be
afforded an opportunity to earn his liy-
ing. Where relief funds are distributed
in return for labor and materials, buy
ing power can be restored and tangible
results obtained, all of which will tend
to bring back better economic condi-
tions.
ClLeS Low Cost Levels.
For these reasons, the Construction
League calls attention to the present low
cost levels of construction, with the ad-
vantage to public and private interests
of proceeding at once with construction
work Of all kinds-highways utilities,
building programs, as we'll as home
building, modernization and furnishing.
Here arises, however, the factor of
financing, on which certain groups are
already working, and from them def
mite recommendations and assistance
must be forthcoming.
'As a major element in this move
ment, the Construction League urges
that wherever possible institutional,
municipal, county, State and national
bonds be issued, for needed construc-
tion works Of all kinds The present
low level of construction costs, to a
large extent, offset the costs of immedi-
ate financing.
Stimulation Of public construction
works means not only employment, but
to some extent relief for overburdened
community chests, restoring buying
power and encouraging private initia-
tive. A tremendous forward step can
be taken by doing at this time con-
struction work of all kinds which is
scheduled for eventual execution