Evening star., 1932-09-24
FIVE STATES GET
S9,02O,579 RELIEF
LOANS FROM R. F. c.
Illinois, Kentucky, Missouri,
Ohio, Michigan Emergen-
cies Recognized.
ILLINOIS DELEGATION
ALLOWED $4,000, 600
Cleveland Granted $47O,000 and
$2,337,0 90 to Be Made Avail
able in Installments.
BY the Associated Press.

By the Associated Press.
The Reconstruction Finance Cor
poration today made available a total
of S9,O2O,579 of emergency relief funds
to Illinois. Kentucky, Ohio, Missouri
and Michigan.
Illinois was granted loan Of SIS, ,O00,-
900 to be made available Immediately
and to operate relief agencies in that
State from September "a to Novem-
Der l. A delegation of Illinois legisla-
tors and Chicago officials yesterday had
asked the corporation for S9,050, 900.
The State previously had received two
loans aggregating s9OOO,OOO.
Cleveland was granted an immediate
loan of s47O,OO0 and s2,337,OO0 to be
made available in monthly installments
during the next four months.
Kansas City Aided.
Kansas City, Mo, was granted a loan
OF S189,89O to run its relief agency
until October 81
Kentucky obtained s672,5 for use
during the remaining three months Of
1882.
Flint, Mich, was granted S296,0
for September, October, November and
December and Muskegon Heights $20,-
600 to operate during September and
October.
A group of smaller cities and coun-
;,, ,yr; hot oil
S35133 These are ST. Francois County,
Pike County and Joplin in Galloway
County, and Moberly in Marion County.
Loan Control to Farms.
Meanwhile. the Reconstruction Cor
poration issued regulations for con-
trolling loans to depressed farmers,
these providing for per cent interest
rate on such advances.
The corporation announced that only
farmers and Stockmen and stockmen or
firms engaged in farming or raising,
breeding. fattening or marketing live
stock are eligible for these loans from
the regional Agricultural Credit Cor
porationS.
On issuing the regulations. the cor
poration said these may make possible
granting of the first loans soon after
the managers return to their districts.
Applications are being received daily.
Although the interest rate of Z per
cent is higher than that asked for rail-
road loans, there will be no service or
inspection fees. This latter situation
makes the credit corporation rate COM
parable to the lowest banking rates in
this class of business, it was stated.
All loans will be made direct to the
applicants.
T., ha Do
construction Finance Corporation Of
ficiaIs said the Illinois General Assem-
bly, met September 7 in extra session
for the sole purpose of considering re-
lief measures. A joint committee from
both branches Of the Legislature was
appointed to recommend a program by
September 81.
Immediate Legislation Plan.
This committee has agreed to recon-
mend for immediate enactment legis-
lation authorizing county boards to
raise relief money either by diversion of
the counties share of the State gasoline
tax or through a county sales tax or
both.
A proposed bond issue of $4,000. 900
provided for by the Legislature last
November is to be voted on at the
November election
The s5,OOo,0OO made available by the
corporation, the announcement said,
was voted with the distinct under
standing that the State and its political
subdivisions will continue to make every
possible effort to develop and maintain
local responsibility, both public and
private, and that measures for relief
will be enacted by the General As
sembly at the earliest possible moment
and that the community of Chicago
and other communities of the State will
make special efforts to raise funds from
private sources to meet their welfare
needs