Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1933-07-07
Milford, Friday, July Z, 1888

down in history as an extraordi
nary body. Its total appropriation
were exceeded only by the WOrl,
War Congress. Almost without
dissenting voice, it gave up to tn,
President powers and prerogativei
it has priced since revolutionar!
days. 1t was the most docile, tn,
most obedient, and the least imagin
alive Congress since the war. A list
of its major bills, passed mainly al
the request of the President, fol.
lows:
/. A bill enabling the President
to initiate currency by forcing
the Federal Reserve to buy
Government securities, to issue
new currency up to $S,00O,000,-
OOO to lessen gold content of
the dollar up to so per cent, to
accept up to $2OO,OOO,OOO in sill
yer, instead of gold, in war debt
payments.
2. A bill giving the President,
through a coOrdinator, wide
powers in reorganizing and re-
vising the railroads of the coun-
try.
8. A bill authorizing vast Federal
developments in the Tennessee
Valley.
4. A bill creating a Civilian Con-
servation Corps to employ $780,
900 otherwise unemployed
young men in the national for
ests at $1OO per day.
5. A bill authorizing the President
to regulate transactions in
credit, currency and other coin
age; to place an embargo, in
whole or in part, on gOldj to
forbid the boarding of gold by
an individual in excess of 500,
and to restrict the activities of
the Federal Reserve System.
6. A bill authorizing beer, in spite
of the Eighteenth Amendment,
through revision of the Vol
stead Act.
z. A bill initiating a $3,30O.0OO,OO0
public works program in the
interest of employment, to be
controlled by the President
through a director of public
works.
8. A bill to reduce agricultural
acreage in production, with
compensation to farmers for all
land withdrawn from use.
8. A bill giving the President I'M
precedented control over indus
try, with powers to eliminate
competition, fixed minimum
wages and maximum hours OF
work, regulate production, etc.
There were other bills, of course,
put these are outstanding. Most far
reaching of all is the last-it has
not yet swung into action and it is
not widely understood. Operation |
If the bill, in relation to particular |
Industries, will be as follows: A |
rade group will draw up plan de-
iigned to settle wage, price and pro-
luction problems. 1t will apply to
he administrator of the bill for au-
to put its agreement into
fleet. The administrator will then
ind out if the plan meets with the
avor of most units within the in
Iustry. Representatives of labor,
nd a group of consumers, will be
onsulted. When all has been set
led, the agreement will go to the
President. If he finds it equitable,
e will authorize it. If not, it will
ave to be redrawn. When indus
ries are unable to agree among
the President will be
BILE to force a pact on them, by the
over of a licensing system.
The bill will strike directly at
born businesses" - I'M
ealthy sweat-shops paying en-
loyees Is and 20 cents day, and
imilar anti-social institutions, and
ill eliminate disastrous, depression
rolonging competition. The danger
r weakness in the bill is that it
ill very likely make it more diff
nit for the small business to oper-
lie, and will favor the more efficient,
large business.