Red Lodge daily news combined with Carbon County news., 1932-08-03
WASHINGTON
SNAPSHOTS
Taken by the Helm News Service


Taken by the Helm News Service
President Hoover will open his
campaign for reelection with his
speech of acceptance here August
II, according to an announcement
by Everett Sanders, chairman of
the Republican National Commit
tee, who, with other leaders, con-
ferred with the President on issues
to be stressed and the plan of cam
paign. The notification meeting
will be held in Constitution Hall,
with members of the national and
State committees invited. The
public will also have an opportunity
to hear the President; his speech
will go out over two national radio
hook-ups from 8 to 10 P. M.
While campaign headquarters will
be in Chicago under Chairman
Sanders, the actual direction of
the campaign will be in the hands
of the President, as in 1928, with
Postmaster General Brown and
Secretary Mills as advisers.
Without ceremony and in the no.
rmal course of his days business,
President Hoover signed the 81,
$4,000, 900 relief bill, which he
had hailed in a statment as "a
strong step toward recovery" The
new law authorized the Reconst-
ruction Finance Corporation to ex-
pand its capitalization by $1,000,
100000 for use in loans to self
sustaining construction projects
of a public character and to state
governments for relief of the
unemployed. The remaining 1922,
100000 provided in the legislation
is to be devoted to Federal public
work according as the Treasury
finds the funds available. The new
authorization to the Reconstruc-
ton Finance Corporation swells
it into a still larger credit agency
with total lending capacity of So,
80O,000,0 900 to the states for all
eviation of distress. The amount
Of $780, 900 900 is provided for
income-producing works which
will be able to pay off the loans.
Though the Seventy-second
Congress stands adjourned, it's
spirit will go marching on all
Summer. No fewer than twelve in
vestigations all authorized at the
last session, are either in progress
or soon will be. Of these, six were
initiated by the Senate and five
by the House, while one is a joint
undertaking. The Senate Commi-
ttee on Banking and Currency is
already well along on an inquiry
into stock market matters begun
some months ago. Activity is in
Dictated for the Committee on Agri-
culture, in an investigation of the
Federal Farm Board and its use
of the $500, 10000 revolving
fund" appropriated by Congress
for the purpose of "stabilizing''
prices. The other Investigations
authorized by the Senate include
a study of the new st. Lawrence
treaty; an inquiry into the opera
ton of the recent economy act; a
report on the desirability of con-
the Alaskan Railway, and
the usual inquiry into campaign
expenditures ordered in an election
year.
The House has likewise initia-
ted an inquiry into campaign ex-
oenditures. 1t has also created a
committee to investigate
government competition with
private business and another to
study double taxation by the
States and the Federal Govern
nent. Its two other inquiries in
Jude an examination Of various
activities Of the Postoffice Dep
'rtment and a study of public ut
ltity holding comraries.
The n Investigation under
aiken jointly by both houses is a
'eview Of veterans affairs, to be
made for the purpose of reducing
he heavy charge imposed ON the
on this account. The
ONT committee should experience