Evening star., 1933-06-16
CONGRESS ENDS, GIVING
PRESIDENT WIDE POWERS
TO LAUNCH NEW DEAL
3 MAJOR BILLS
ARE MADE Law
BY PRESIDENT
Industrial, Banking g
and Rail Measures
Are Signed.

President Roosevelt today signed the
public works industrial control bill, de-
scribing it as the most important and
far-reaching legislation ever enacted by
the American Congress"
Signing the bill came shortly before
noon as the Chief Executive began the
pleasant task of enacting into law a
succession of the measures comprising
his extraordinary program that Con-
gress wound up before adjourning in the
early morning hours.
Mr.. Roosevelt, few moments be-
fore had signed the Glass-Steagall bank
reform measure, drastically revising the
banking system and curbing the use
of Federal funds in speculation.
Then after signing the powerful in
dustrial control-public works measure.
whereby the President assumes COM
mand over the Nations industry, he
placed his signature on the railroad
reorganization bill, designeds to place
the country's rail lines in better order.
The President expressed the belief
more important legislation had been
signed into law today than in any other
single day in American history.
This statement was concurred In by
Senator Gore, Democrat, of Oklahoma,
who reminded that yesterday was the
anniversary of Magma Charta.
As keystone of the Roosevelt recov-
hn iy,d
also provides for a $4,000 900, 900 public
works plan-was signed at a brief cere-
mony attended by the leaders OF Con-
gress who guided the measure to enact
ment.
Determined to put the industrial act
into quick operation in order to put
thousands to work and to reorganize
working conditions in the interests of
shorter hours and higher wages. the
President summoned administrators to
his side.
Hugh johnson Present.
Hugh s. Johnson, who has taken care
of the preliminary arrangements for
the broad Federal machinery to put 1t
into effect, was on hand with the Presi-
dent
Senator Carter Glass Of Virginia
beamed happily as he saw the bank
measure for which he had fought so
stubbornly 60 into the statutes. One OF
the pens used soon was proudly fondled
by him.
Twenty years ago, in the House, Glass
battled through the Federal Reserve act
as chairman Of the House Banking
Committee.
This is almost as important as the
Federal Reserve act" said Glass today
1T supplements and strengthens that
act"
Minutes after the bank bill signing.
the President received another group
and put his name to the industrial
measure and subsequently to the rail-
road legislation.
The latter provides for Federal CO.
ordinator to guide the carriers through
a reorganization aimed at putting them
on a paying basis.
With pens plentiful, the President
had invited to the White House at va
rious hours the chairmen and others OF
the congressional committees which put
the legislation through.
Those pens were to be presented to
the main victors for Roosevelt In what
Senate and House battles there were.
Mr.. Roosevelt also invited to his Of
fee, from time to time, depending on
what measure was being signed, many
of his aides who have been working
with him in the preliminary work OF
setting up machinery to carry the new
emergency laws into effect.
He held to his plan to get everything
going before nightfan and to depart
then by train for Boston, with the cere-
monies being staggered from the fore
noon until late in the day.
Presidents Statement.
In a formal statement issued after
the signing of the industrial bill the
President asked the 'whole-hearted CO.
operation OF industry, labor and every
citizen of the Nation
His statement follows:
History probably will record the ma
tional industrial recovery act as the
most important and far-reaching legis-
lation ever enacted by the American
Congress
1T represents a supreme effort to
stabilize for all time the many factors
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