Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-06-24
49, 49, Me
Ine Senate Relief I'll
1900, OOO, 900 Authorized to Meet Unemployment
Demands-FHnds Increased TO. Reeonsfrnc.
fion Finance Corporation. 4


rary advance of funds 10 meet the pro-
visions Of such act as to State funds,
the bill continues. THE amount ap-
portioned to any State under this sub
division may be used to match the
regular annual Federal-aid apportion-
ments made to such State 0ncludtng
the one made for the fiscal year ending
June go 1881 and when so used such
amount shall be available for expendi-
ture in paying the share of such State
in the cost of Federal-aid projects. No
amounts apportioned under this sub
division shall be advanced except for
work on the Federal-aid highway sys-
TEN performed before July /, 1888, pro-
vided that the amounts so advanced
shall be reimbursed to the Federal Gov
eminent over period Of 10 years, COM
mencing with the fiscal year 1898, by
making annual deductions from moneys
payable under regular apportionmentSI
made from future authorizations for
carrying out the provisions OF such act,
as amended and supplemented; provid-
ed further, that all contracts involving
the expenditure Of such amounts shall
contain provisions establishing mini
mum rates Of wages, to be predeter-
mined by the State Highway Depart
ment, which contractors shall pay to
skilled labor, and such minimum rates
shall be stated In the invitation for bids
and shall be included in proposals or
bids for the work"
Other Allotments Listed.
Other ALLEGATIONS are:
For expenditures in emergency con-
struction on public roads, $4,000, 900;
of this, S5,000.000 is set aside to con-
struction and improvement Of national
forest highways, and $5,00o,000 for
roads trails, bridges and fire lines and
maintenance Of such structures in ma
tional forests; to national parks and
public monuments, 100000 of the
total is assigned, With $l,000,000 for
Indian reservation roads. and $4,000
900 for highway work on the public
domain.
For prosecution of river and harbor
projects heretofore authorized, 10000
o00."
For prosecution of food control
projects heretofore authorized, sl5,-
500 ,O0O."
For the Hoover Dam project and re-
lated works at Boulder Canyon, Colo,
$40, 100000.
For the Navy Department, $4,000 900
for expenditure through the Bureau OF
Yards and Docks and, for the Com
DCPdA GALhAACA dAAAO0AAOo AOA
expenditure on air navigation facilitic5
and improving aids to water navigation.
For emergency construction OF public
buildings in the United States outside
the District Of Columbia to be selected
by the Secretary of the Treasury from
the allocated public buildings projects
. for which no appropriations have
been made, 500, 200, 900 is set aside: the
remainder of the $500, 100000 shall be
made available for expenditure upon
permanent Improvement projects to be
selected by the President, for which ap-
preparations have heretofore been made
or shall hereafter be made for expendi-
lures during the fiscal year 1892 or
1888" From this balance, IS well, is
authorized the expenditure Of 1885,
600 on Army housing.
How Funds VIII Be Raised.
In Section 5. the bill outlines the
methods Of raising the construction
fund of which 1t disposes. The section
reads:
Section S. (A). There is hereby
created special fund in the Treasury
to be known as the emergency con-
struction fund and to be administered
by the Secretary Of the Treasury. For
the purpose of providing funds to carry
out the provisions Of Section OF this
act, the Secretary Of the Treasury Is
authorized and directed to borrow from
time to time on the credit Of the United
States not to exceed $500, e00. Goa. and to
issue therefore, to be known as emer
gency construction bonds, In such form
as he may prescribe. Such bonds shall
be in denominations OF not less than
$50, shall mature Is years from the date
of their issue and shall bear interest at
such rates as may be fixed by the Sec
rotary Of the Treausyr, but not to ex-
coed AZ per centum per annun. The
principal and interest of such bonds
coin of the present standard OF value,
and such bonds shall be exempt, both
as to principal and interest, from all
taxation Except estates, inheritance
and gift taxes and surtaxes) now or
hereafter imposed by the United States,
by any territory dependency or posses
sion thereof, or by any State. county,
municipality or local taxing authority.
"CB). Such bonds shall be first Of
fered at not less than par, as q popular
loan, under such regulations to be pre-
scribed by the Secretary Of the Treas
ury as will give all citizens Of the
United States an equal opportunity to
participate therein. Any portion of
the bonds so offered and not subscribed
for may be otherwise disposed OF by
the Secretary of the Treasury at not
less than par"
A sinking fund, equal TO per cent
of the total amount Of securities out