Evening star., 1933-01-05
,48D,074 IS LENT
6STATESBY R. F. c.
Pennsylvania Gets $780,.
908-Recent Grants Pro-
vide Jobs for Thousands.
By the Associated Press.

By the Associated Press
Emergency relief loans totaling $23,-
48O,074 Of which Pennsylvania received
$l3,S69,s08, today were approved by the
Reconstruction Finance Corporation.
Texas received s2,565, 1888; Michigan
$5,O2l,s3 Virginia, $622,31s; Missis-
sippi, sl,847,l25, and Ohio, 81 400, OFT.
All of the loans are to take care OF
relief needs during January and Febru-
Iary.
Ihe Pennsylvania lean is to take care
OF the needs of &c counties and con-
stitutes the third loan allowed to that
State, bringing the total allotment to
date to $26,7o5,4
Gov. Pinchot, in his application,
stated that the special session of the
Legislature this Summer appropriated
$12,000000 for the period from Sep
tember, 1882, to March, 1888, and that
$5,500,000 of this money will be avail
able Tor January, February and March.
Plans S42,OOO,OOO Relief.
The Governor was quoted in the
corporation announcement as saying
that i propose to recommend to the
Legislature which convenes January 8,
1888, that an additional $50, ,OOO, 900 be
provided for relief. If this recon-
mendation be adopted this State will
have provided an aggregate OF $42,-
100000 for relief"
The corporation has complained that
the Pennsylvania Legislature and peo-
pie were not doing their part in taking
care of the relief situation. In one
statement announcing loan the cor
poration pointed out that the loan
comprised more than 70 per cent of
the relief needs of the State for the
period for which it was granted.
Millions of dollars have been lent by
the corporation in the last 10 days to
provide jobs for several thousand men
on great construction projects in vart-
GUS parts of the country.
The prediction of corporation officials
made several months ago that January
1 would find many large projects getting
under way apparently has been borne
out
The last day of 1892, it was revealed
today, found $15,377 900 in the hands
of borrowers to pay for bridges, water
works and other projects. This brought
the total of actual disbursements for
-liquidating loans to $15,737 900.
Total authorizations are STAG, ,535 900,
and more money will be going out soon.
Louisiana Gets S7,OOO,O00.
The checks that went out in the last
10 days included $7,000,000 to Louisi-
ana, $6,000,000 to the New Orleans Belt
Line Railroad, $2,327, 900 to the Chicago
water works, and $4,000 to Phoenix,
AriZ. Previously the corporation had
turned over $360,000 to the middle Rio
Grande conServancy district, at AL
buquerque, New Mexico.
The loans to Louisiana and the New
Orleans Public Belt Railroad are for
the same purpoSe-conStructi OF a
great S14, 900, 900 bridge over the Mis-
sissippi River at New Orleans. The
corporation bought $7,000,000 of State
bonds and $6,000,000 out of a $1,000, 600
issue of the belt line, which, in turn,
is owned by the city. As many as
6 900 men are expected to be employed.
The loan to the Chicago water works
took the form of purchase at par of
water works bonds. The money will be
used to build new pumping station on
the South Side, replacing three other
stations
The Phoenix bonds were purchased at
par and the money will be used on the
city water works.
More Projects Under Way.
The corporation has been awarded
$2,016,000 of bonds of the Metropolitan
Water District of Southern California,
bidding them in at par. The corpora
ton has agreed to buy S40,000,000 of
these bonds at par if no higher bids
are received.
The loans authorized by the corpora
ton are all available to the borrowers
at any time they may call for them, if
they meet such conditions as the board
prescribes. Several additional projects
are known to DO under way, officials
refraining from closing the
loans until absolutely necessary in order
to save interest charges.
In few instances. such as the S62,-
00o, 900 loan for the Oakland-San Fran
cisco Bridge, across San Francisco Bay,
is necessary before the loans
can be completed. 1t is understood
here, however, that hundreds of men
are working on some of the projects.
the officials being so certain the needed
legislation will be forthcoming that they
did not feel DELAYS necessary