Evening star., 1933-04-08
Efforts Are Made to Conclude
New Domestic Program
by Middle of May.
CITY HOME MORTGAGE
REFINANCING INCLUDED
Public Works, Banking Reforms
and Tennessee Valley Develop
ment Also on List.
By the Associated Press.

By the Associated Press.
President Roosevelt is preparing for
an early conclusion Of his domestic
emergency program and it will be CEN
tered on more jobs and domestic debt
relief to offset defationary effects of
earlier moves.
He will add shortly to the $500, ,000,-
900 direct relief bill, securities regu-
lation and the farm refinancing and
commodity price lifting measures pend
ing in Congress the following:
A two-billion dollar city home mort
gage reflnancing plan.
Two or three billion dollars for public
works to increase employment.
Banking reforms, probably with pro-
vision for speeding payments Of de-
posits in closed banks and insurance for
future deposits.
A broad program for development of
the Tennessee Valley, with immediate
restoration of the Muscle Shoals, Ala,
power and nitrate plant.
Congress Leaders Cooperate.
Legislation for reorganization and
relief of the eleven-billion. dollar rail-
road industry.
He intends to strike the balance
between drastic reductions in Govern
ment expenditures-or defiation-and
the new development scheme by .
sweeping Government reorganization.
Congressional leaders are co-operat-
ing to speed the new domestic program
to conclusion by mid-May and permit
the President to turn his attention to
international angle of the economic
problem which he Is attacking by in
viting the chiefs Of foreign govern
ments here.
In all probability the final phases Of
the national legislative program Will be
completed and in the hands OF Con-
gress by the end of next week. Mean
while, he is preparing to put into quick
operation the farm relief plan now
before the Senate Congress was IN
recess today for over the week end.
But leaders predicted the farm bill
would be through the Senate by late
next week.
Rail Conference Monday.
On Monday Mr.. Roosevelt win for
ward to Capitol Hill legislation agreed
upon last night by congressional lead
ers for Government operation of Muscle
Shoals and surveys for 25 to so year
plan for development of the Tennessee
Valley.
On Monday night he win confer with
his aides, who have been carefully
canvassing the railroad situation, and
seek a plan to bring new life to this
struggling industry.
He Is leaving with congressional
banking hieftains-Senator Glass Of
Virginia and Representative Steagan
of Alabama-the preparation Of the
banking bill, and they are nearing
united front.
Department chiefs already have orders
not only for a reorganization Of their
units, but for immediate reductions in
expenditures for the coming year total
ing almost half billion.
The plan for refinancing of home
mortgages with a maximum interest
rate henceforth of 51a per cent already
virtually the same lines as the Roose-
velt proposal for cutting down the debt
burden for agriculture-now before the
Senate.
The public-works construction pro-
gram probably will be among the last
measures to be advanced.
It Is big assignment, but the PreSi-
dent has the assurance OF congressional
pilots that there is chance for clean
ing up the calendar before the end OF
next month.