Evening star., 1932-06-01

Desire for harmony in the relief ef-
forts of the Government is strongly
voiced as the merits of suggested plans
are discussed. President Hoovers de-
mand for the use of public funds for
self -liquidating enterprises makes its
appeal, while there is also support for
those who maintain that aid through
bonds for public works would achieve
results There are suggestions of the
possibility of ultimate compromise.
The real difference between direct
Government financing and indirect
financing" states the Springfield
Mass Republican dndependent), lis
one of bookkeeping. The Reconstruc-
ton Finance Corporation is supposed to
make loans on Revenue producing and
self-liquidating projects or to solvent
concerns. The corporations issues OF
its securities would not figure in the
Governments balance sheet as part OF
the public debt The Springfield paper
suggests the possibility of compro-
mise, while the Houston Chronicle
Democratic) predicts the acceptance
of a compromise. and the Wall Street
Journal independently observes that
all the proponents of stimulation
relief plans, except a few hopeless ex
tremists. are close together in their
main purposes
Voicing the demand for a balanced
budget. the Haverhill Gazette (indepen-
dent Republican, concludes that "a
public works bond issue doesn't fit into
this laudable scheme" The Hartford
-, Of
ring to the Presidents structures on
any bond plan for 'unproductive i'm
provements. declares: That is
sound position. but the President has
come to it by various stages of CONVEX
sion, and two and a half years ago
held virtually the opposite view
Criticizing the several projects, the
Akron Beacon Journal independent
Republican, holds that works that are
takers among individuals in this land"
and advises: IF Congress and the ad-
ministration would indicate, not pas
sively by refusing to adopt this new
burden, but actively by decreasing Gov
ernment costs, and refusing to appro-
PIRATE except for the bare structure of
representative government, then 125.-
100000 people might see hosts of
profit making enterprises where there
are none to be found under this
system" The Appleton Post-C Crescent
independently condemns the idea of
pouring a billion dollars of the
peoples money into the construction
of permanent facilities for manufac-
turing concerns, too many of which
We have already"
The real measuring rod" ad
viSes the Scranton Times (Democratic)
should be whether or not the public
works are needed, and the States or
communities should be, for the most
part, the judges of this need The
cratic) contends that "it should be pos
sible for the President to call attention
to every log rolled and unessential item
in an Improvement program, to enlist
public support in opposition to it."
The Abilene Reporter independent
Democratic) charges that Opposition
of the President to the Garner pro-
posals means delay of effective relief"
Former Gov. Smiths reminder
that some projects that produce
revenue In the preliminary estimates
fail to show profits in operation Is
justified by experience" says the New
York Sun independently, but this is
a hazard which must be faced In any
program Of emergency construction. !"
The Sun refers to Mr.. Smiths indorse-
ment OF the idea of comforting author
ity on the President for the projects
he advises. and to the position of Gov.
Ritchie In favor of permitting the
Federal Government to lend its
resources ITO create work and stimulate
employment" limited to the maximum
which can properly be spent On