Evening star., 1933-05-09
|NDUSTRYCONTRO[
PLAN DRAFTED BY
ROOSEVELT AIDES
Business Revival Program
Ready for Submission
to President.
THREE BILLION DOLLARS
PUBLIC WORKS PROPOSED
Treasury Would Advance One-third
for U. S. Projects and R. F. c.
Balance for Other Building.

1ne DrOaQ program IOr reVlVlng DuSl-
ness through three billion dollars for
public construction and Federal CO.
operation on industrial regulation was
completed today by administration ad-
visers for submission to President
Roosevelt.
Senator Wagner. Democrat. Of New
York, in charge of the drafting. an
nounced it probably would be pre-
sented to the White House late today.
Primarily designed to regulate indus
trial production through what President
Roosevelt has described as partner
Ship" the legislation would relax the
antitrust laws to permit agreements
within industries subject to govern
mental approval.
Wagner and his associates have add
ed to this industrial control plan a
proposal for three billion dollar con-
struction program by the Federal Gov
| ernment, States, municipalities and pri-
| vate interests.
ADMINISTRATOR Is fTOpOSc0.
It is proposed to set up public
works administrator with power to
supervise the entire construction pro-
gram in order to speed up the exIen-
sion of credit for construction to local
governmental units.
About $1,000 100000 of the total
would be provided by the Treasury for
! Federal public works and the remain
! der would be advanced by the Recon-
struction Finance Corporation for con-
struction loans to local governmental
units and private industry.
| The industrial control section Of the
| bill contemplates the creation OF a
Federal board to supervise agreements
reached by trade associations for
planned and regulated industrial pro-
duction.
Through this means, authors of the
proposal hope to halt ruinous competl.
ton, restore prices end wages ana
spread employment.
Details of the plan will be presented
! to the President by its authors at a
White House conference which prob
| ably will include Secretary Of Labor
Perkins and Budget Director Douglas.
Upon the Chief Executives reaction
| to the proposal will depend whether the
program is submitted to Congress IN It's
| present form.
| Studies Raising Of Money.
With the aid of Douglas and Secre-
| tary OF the Treasury Woodin, President
Roosevelt has been trying to work out
the best method of raising money Tor
! the public works program.
| Various methods OF taxation have
been under consideration, but bond
issue still is considered the most likely
means of providing for the projects.
| A House labor subcommittee today
unanimously approved a shorter work
week bill embodying minimum wage
and antitrust law suspension provi-
sions.
The bill, said Chairman Connery,
will be reported to the full committee
for approval tomorrow.
| The principle on which the measure
Is based, Connery asserted, IS that OF
a licensing system. All manufactur-
ers and importers under the new meas
ure would be required to obtain licenses
from the Federal Government assuring
| their compliance with the shorter work
week and minimum wage provisions.
| Insted of permitting manufacturers
to work longer than five-day week, six
| hour-day shifts, the bill will leave that
power to a new agency to be known
as the Federal Trade Regulation Board.
This board, sitting in conference with
industry and labor, will have the right
to establish minimum wages, hours OF
production and other agreements within
an industry necessary to carry out a
shorter work week plan.
A proposal to spend $6,000,0 900 900 on
public works had been laid before Con-
gress yesterday by Senator Cutting, New
Mexico, Republican, who supported
President Roosevelt in the campaign.
Backing it were two other Roosevelt
campaigners, Senator La Toilette, Re-
publican, of Wisconsin, and Costigan,
Democrat, o. Colorado.
| It was drafted for action while the
administration was still pulling togeth-
cr its own public works program, which
is expected to call for much smaller
outlay at the start.
Other Developments.
Other developments yesterday in the
battle against unemployment were:
| The House Rivers and Harbors Com
mittee. after approving tentatively a
I, $100,000,0 900 bill, sent it to the White
House for consideration and deter
mination whether it Is in line with the
administrators fiscal policy.
| j. H. Rand, jr., prominent manufac-
turer, received initial responses to the
proposal of a steering committee OF Is
| Of the National Association of Manu-
| facturcrs that 5000, 900 men be called
back to their jobs on a specified date.
|