Evening star., 1932-06-06
HOOVER TO PRESS
F0UR-P0|NT RELIEF
PLAN IN CONGRESS
Intends to Summon Leaders
for ParIey on Program
Drawn at Rapidan.
TREASURY SECRETARY
TO SERVE AS EMISSARY
Mills Thinks President Wants
Direct Relief Loans in
Separate Bill.

Democratic leaders have decided to
give one of President Hoover's relief
proposals-the bill to create system
of home loan discount banks-legis-
lative right of way in the House.
That assures an early vote.
President Hoover today is preparing
to press on Congress for adoption of
a four point relief and economic reha-
bilitation program agreed on during a
series Of conferences over the week end
at his Rapidan fishing camp with
members of the Reconstruction Finance
Corporation and other fiscal advisers.
Secretary of the Treasury Mills, the
only member of the board Of directors
OF the Finance Corporation not at the
camp conference, was in conference
today After leaving the Presidents
Office he said they had discussed the
four-point program and indicated he
personally would keep in touch with
Congress, principally as an emissary of
the President, in connection with the
handling of the necessary legislation to
carry out the various features Of the
program.
Mr. Mills explained there are bills
already pending which provide for the
various features of the program as set
forth in the White House statement
last night He said also that it was
his impression the proposal for lending
up to s300,0O0,000 to the States for
direct relief would probably be favored
by the President as separate bill. He
said this provision already has been
made in the bill introduced by Repre-
sentative Hawley, Republican, and by
Senator Wagner, Democrat.
Conferences Planned.
Upon the Presidents return from
camp, shortly after 9 o'clock today, 1t
vas indicated he intends to confer with
various congressional leaders and to
reiterate his desires for quick action
on the program as outlined by him.
Just when these conferences would be
held was not learned.
During the series of conferences at
the Rapidan camp. which consumed the
greater part Of Saturday, Saturday night
and yesterday morning, President Hoo
yer is known to have received the
unanimous approval of the Reconstruc-
ton Finance Corporation group for the
administrators four-point program,
which follows briefly:
Increase lending power OF the Re-
construction Finance Corporation by
81 500 900 900 to total Of So, 900 900, 900.
2-Enactment of legislation creating
q system of home loan discount banks,
foreclosures
3-Initiation and coordination with
the Reconstruction Finance Corporation
OF the new joint committees Of industry
and finance now being set up by the
Federal Reserve system.
4-Rigid economy in all governmental
expenditures, to the absolute restriction
of bond issues for on-productive" pub
lie works such as have been proposed by
Democrats in House and Senate.
Board Would Pass on Loans.
The last suggestion is in line with the
Presidents known opposition to Speaker
Garners S2,100,000,000 relief bill, which
contains bond-issue provisions and
which is expected to come up for vote
in the House tomorrow. On recent
previous occasion, President Hoover, in
vigorous language, referred to the con-
struction program in the Garner relief
bill as the most gigantic pork barrel
ever presented to Congress"
President Hoover would have nom
partisan committee appointed to pass
on the relief loans to States, and an
other composed of engineers, to study
the workability Of revenue-producing
construction projects on which loans
were asked. His renewed advocacy of
the home loan discount system, which
he sought early in the session, said 1t
would result in half billion to bill
lion dollars worth Of new home build
ing. much renovation and would protect
countless homes from foreclosure. :
The Presidents program and the
knowledge of its approval by members
of the Reconstruction Finance Corpo-
ration were explained in statement
issued at the White House last night.
shortly after the return from the Presi
dents camp of Theodore Joslin, one of
the Presidents secretaries. The state
ment, while it revealed nothing new
regarding Mr. Hoover's ideas for reliet
and rehabilitation, served to give en-
phasis to his program and to advise
Congress and the country at large OF
just what the administration Is pro-
posing to do.
Will Discuss Procedure.
The situation in the House on the
Garner bill is developing with Repub-
lican plans for conference late today
at which opposition procedure was to
be discussed.
The Democrats are bound by caucus
rule to vote for the bill. but few
members have announced they will defy
party control. To balance them Rep
resentative La Guardia's independent
Republican associates have promised
aid
The Senate Banking Committee was
called together to consider one point
of the Hoover program-legislation for
creating a system of home loan banks.
Such system was proposed by Presi-
dent Hoover in his message to Congress
when the session began. The bill was
introduced shortly after by Senator
Watson Of Indiana, the Republican
leader, and lengthy hearings were held.
Administration leaders hope to have it
reported promptly to the Senate for
action.