Evening star., 1932-07-30
Elaborated Program Calls for
SIum Clearance and Extra
Railway Repairs.
COMMITTEES IN TWELVE
RESERVE ZONES TO HELP
R. F. c. to Handle Many Phases Of
Problem-Conferences to Be
Held Here Soon.
By the Associated Press.

BY the Associated Press.
The administration sought speed to-
day in carrying out an elaborated nine
point rehabilitation program, made
public yesterday by President Hoover
himself at his bi-weekly press confer
ence.
1t includes plans for replacement OF
slum districts, expansion of credit IA
cllities, stimulation of railway mainte-
nance and repair work, broadening Of
livestock and feeder loans, faster move
ment of agricultural commodities.
shorter working hours, swift organiza-
ton of the home loan bank system,
construction of self-liquidating projects
and "other avenues of cooperation be-
tween the Government in aid to public
and private agencies"
Many of these things would be done
through the new $4,000, 100000 Recon-
struction Finance Corporation.
Would End Speculation.
Mr. Hoover said he wanted to Stifie
erroneous speculation" about some Of
Grated the nine things he wanted, to-
ward which work already is under way.
When the plans get far enough ad-
vanced in Washington, he added, COM
mittees in each OF the II Federal Re-
serve districts will be called into con-
ference to establish united and con-
certed action on a broad front"
The xecutive announcement
broached one proposal for the first time
and renewed another Of which he mad
not spoken recently.
The first is that for slum-clearing
campaign, financed by money from the
Reconstruction Corporation. That, ne
said, "is being given immediate ex-
animation with view to early expansion
of employment through such programs
of modernization."
Speeding Railway Work.
The second is the idea Of speeding
railway work On that he said:
preliminary conferences have taken
place with some of the railway leaders
with a view to their developing pro-
grams for increased repair and main
tenance in cooperation with the agen-
cies of the Government for the purpose
of expanding railway employment ana
for expansion in orders for railway sup
plies and equipment, which would also
be Immediately reflected in increased
employment in the supply and steel IN
dustrieS."
The Reserve District Committees, to
which the President referred, were es-
tablished at his suggestion after a
similar group had organized in New
York. Another delegation, selected at
the recent New England economic con-
ference, will discuss with the President
on Monday his idea of shortening
working hours. They will talk about a
fiye-day week, considering information
now being gathered for Mr.. Hoover by
the Commerce and Labor Departments
Statement Is Issued.
President Hoover's statement follows:
Some erroneous speculation has
taken place with regard to conferences
which have been held during the past
two weeks in respect to organizing con-
certed action along the front OF eco
nomic recovery. Such conferences nave
been held by myself, the Secretaries OF
the Treasury and of Commerce. the
heads of the Reconstruction Corpora
ton, Federal Reserve Board and other
Government officials, together with rep
resentative groups in the country. Inc
activities comprise:
81. The organization Of the new pow
ers granted the Reconstruction Finance
CORPORATION in respect to self-liquidat-
ing works. for which $500 100000 IS
available. are being co-ordinated with
other Government agencies. An engl-
neer of standing will be delegated by
the Army Engineer Corps as chairman
of the board of outstanding engineers
to advise the corporation in respect TO
these works, with view to the most eX-
peditious action in stimulating employ
ment by starting of the work and the
placing of orders for material.
"2. Stimulation of movement Tor
slum clearance and replacement under
the reconstruction act is being given
immediate examination, with view to
early expansion of employment through
such programs Of moderniZation.
Coordination Sought.
"3. In order to effectively make ade-
uuate provision for live stock and feeder
loans, l have requested Commissioner
Bestor of the Farm Loan Board, which
has administration of the intermediate
Credit Banks: the Secretary OF Agrlcul-
ture, who has some special powers from
Congress, and the Federal Farm Board,
which has already entered largely into
this field. to place themselves at the
disposal Of the Reconstruction Corpora
ton so as to develop a co-ordlnated
program to solve these and other agr1-
cultural questions under leadership OF
the corporation.
"A. The Reconstruction Corporation
is devoting particular attention under
its new powers to the possibilities OF
financing the movement of agricul-
tural commodities into consumption
with a view to stimulating demand