The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1933-12-20
j. s. To EXPEND.
SIX BILLIONS
NEXT YEAR
Comming Session Of Congress
To Be an Expensive One
For the Taxpayer
By GEORGE r. HOLMES


The Congress that meets two
weeks from today will be asked
to provide-and probably it will
"a sum approximating six billion
dollars to finance the Government
for the next fiscal year. It will
be a six-billion-dollar Congress.
This enormous amount will pro-
vide for the ordinary running ex-
penses Of the Government, now
estimated at about 2,600 million
dollars, and insure the various re.
covery phases Of the New Deal"
being continued well into 1895.
Another Billion for r. F. C..
There is to be no retreat on any
Of the fronts, from which the Adj
ministration has been directing
the recovery drive. Instead of re-
treating, the plan is to advance.
And with more ammunition in
the form Of Federal dollars to
press the attack.
A White House conference
which lasted far into last night
evolved the estimates Of what
Congress is to be called upon to
provide.
The Reconstruction Finance
Corporation is to be given another
billion, as it now has just about
enough cash to carry it until Con-
gresS meets.
The Public Works Administra-
ton is to be granted between a
billion and g. half and two billions
to carry on. It's funds, too, are
almost exhausted, or soon will be,
and there are some three billions
Of dollars worth of projects still
pending.
$25O,O0O,OOO For CWA
The Civil Works Administra-
ton, which has taken 100000
people off charity and put them
on Federal payrolls in the past
six weeks, is to be given $50 mil
lion dollars more.
Another quarter Of a billion
will be asked for continuation Of
direct Federal relief.
Odds and ends Of the recovery
such as the adminiStra-
tive expenses Of the NRA, the
Home Owners Loan Corporation.
and others will take care Of some
other millions.
The question Of whether and
how far the R.F.C. is to go in
direct loans to industry has not
been fully determined.
A highly significant indication
Of the Administrations trend in
this direction. however, was fur
nished today in the creation Of .
new member Of the alphabetical
recovery organibations-the EHFA
Electrical Home and Farm Au-
thority.
With a modest capital Of only
one million dollars, this new cor
poration proposes to loan money
to home and farm owners in the
Tennessee Valley for the purchase
of electrical Observation-Disclosures
tors, washing machines, &c.
A Frank Experiment
This constitutes probably the
frankest and most interesting ex-
pertinent the Administration has
yet undertaken to increase con.
sumner purchasing power.
The Government, in the Muscle
Shoals development, is engaged in
a vast program of power develop
ment, and it now proposes to make
it possible for the residents Of the
Tennessee Valley to take advan-
tage Of this cheap power by cleo
trifying the home and the farm
on advantageous credit terms.
Manufacturers of electrical
equipment have agreed to cooper
ate to the extent of reducing prices
to attract purchases.
Hitherto, the Government has
been generally content to make
loans direct to great corporations
and banks, hoping that the bene-
fits would dribble down to the or.
binary citizen in the form Of en-
ployment and purchasing power.