The Washington times., 1933-06-17
CAPABLE MEN
ADMINISTERING
RECOVERY ACT
Roosevelt to Get First Report
on Steps Taken Upon Re-
turning From Vacation

day as their Executive sped north
ward for his first vacation since
he came into the White House.
They directed giant economic
machine-the brain child Of PreSi-
dent Franklin MISUNDERSTANDING
in it's newneSs and designed to
effect partnership between in
dustry and Government never
dreamed of before.
Hugh Johnson, noted New York
economist, and Col. Donald H.
Sawyer, another executive Of
proved ability, headed the set-up.
They were appointed by the Presi-
dent and jointly charged with ad-
ministration of the industrial
recovery act.
Under their direction billions
of American dollars will be thrown
into the gaping economic hole
dug by three years of depression.
President Roosevelt is confident
they will fill this hole to the brim
and start the country off toward
an era of unprecedented and
sound prosperity.
Their First Tasks
Their job was to assemble the
parts of the new economic ma
chine and put the whole in work.
ing order. The President drafted
the plans. Then he sent them,
one by one, to a feverishly work.
ing Congress, where they were
transformed into law. Now he
wants johnson and Sawyer to be-
gin operations and, when they
have got the picture of it all, give
him something to proceed further
on when he returns to the Capt.
tai two weeks hence.
The first task of the economic
recovery organization was to allo-
cate $400, ,0OO,08O to the States for
road building and $238, 100000 to
the Navy for 80 new vessels i'm
mediately. The President wants
this done without delay. He has
predicted that a million idle men
will be working before the snow
falls, under the new scheme of
action.
But the work of johnson and
Sawyer was far from all the Presi-
dent expects from his lieutenants
while he is gone, He left clean
desk at the White House, and, as
q consequence, plenty for his aides
to do. There were dozens of bills
on his desk when Congress ad-
journed. He signed them all, and
nine of them embraced the core
OF his new DEAL"
Sweeping Bank Reforms
In a history-making hour and
half, Mr.. Roosevelt affixed his
signature to legislation to effect
sweeping banking reforms, chase
Federal Reserve credits away from
speculative channels, aid the
farmer materially and bring about
a reshaping Of the Nations net
work of railways for the sake of
economy. All this was ir addition
to the broad measure enacted and
titled as the capstone of economic
recovery.
Interstate Commerce Commits
sioner Joseph B. Eastman was
charged with the complicated task
of Strengthening out the intricate
railroad tangle of the nation. He
was api -inted administrator
under hte sweeping railroad CO.
ordination bill. It will be his job
to simplify rail networks, elm
mate dead wood, and cut out
overlapping services with profit to
all.
The Glass-Steagall banking bill
framed the Presidents policies
with regard to banking reform.
Under this measure investment
affiliates of national banks must
be divested. A measue of direc-
ton of Federal Reserve credits
designed to prevent their flow
into speculative channels was also
provided. Perhaps most import
ant of all, to the working citizens
of the land, bank deposits will be,
in large measure, insured under
this measure.
Farm Relief
The farm credits bill, among
those signed by the President,
will afford much needed relief to
the farmers of the nation. 1t
was designed to ease the burdens
of mortgages and other financial
troubles of the growers of the
country. It was framed, too, with
a view to bringing some approach
to parity between the farmer and
the industrial worker.
But of all these, the industrial
recovery measure was that on
which the nations Executive
based his hopes to pull the coun-
try out of the doldrums.
Aiding Johnson and Sawyer,
Mr.. Roosevelt has appointed two
advisory boz IS. For Johnson he
named a special industry board
composed Of Secretary of Com
merce Roper as chairman, Attor-
ney General Cummings, Secre-
tary of the Interior Ickes-who
naid the President a visit just
before he left on his vacation
Secretary of Agriculture Wallace
Secretary of Labor Perkins, Direc-
yir