The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-28
BAILEY HOLDS
TO OPTIMISTIC
VIEW FOR n. {.
Objects To Some Features
OF Recovery; Contains
Much Good He Feels
BY J. c. BASKERVILL
The TimcS-News Bureau
Sir Walter Hotel


employment, greater industrial &C
tivity with resultant increase in
business generally is going to re-
suit in North Carolina as soon as
the provisions of the Industrial
Recovery act get into operation,
Senator Josiah William Bailey
predicted here yesterday. He is
resting a. his home here for
few days before returning 70
Washington, where he expects to
remain through most Of July.
"Thc final test of any leg Sla-
ton, of course, is its application
to conditions after its enactment"
Senator Bailey said. $50 we will
no. be able TO tell definitely how
the Industrial Recovery act is 60
ing TO work out in actual appiica-
ton until after it has been put
into effect. 1t is also true that the
act is not perfect and it contains
some features to which | objected
when it was under consideration
and to which | still object. But
on the whole, after being worked
over and revised in the last weeks
before it was enacted, the act con-
tains q great deal that is good and
| am confident that North Caro-
lima and all the other states will
benefit greatly from it."
In addition to the $11, 100000
for highway construction which
North Carolina will get from the
federal government under the Re-
COvGry act, the state will also get
large slice of the 5000, 100000
appropriated for public buildings,
Senator Bailey said. The states
share Of this fund should amount
to several millions of dollars,
making it possible for construc-
ton work to go ahead at once on
post office buildings and other
projects that have been held up
for the past two years, This will
create thousands of additional
jobs for workers and stimulate
business and industry generally
through the purchase of materials
and supplies.
The state is in a position to
benefit most, however, from the
provision in the Recovery Act
which provides that the govern
ment will make an outright gift
of 80 per cent of the cost Of use
full public works undertaken by
cities and town governmental sub
divisions. Senator Bailey said.
There is no way of estimating at
the present time the amount of
money that will be spent on prof.
ects of this sort or of the amount
the government will contribute
under the 80 per cent agreement,
but he believes that it will run
into many millions of dollars. He
also pointed out that the greater
portion of the money needed by
cities and towns to provide for
their share of 70 per cent of the
cost of these useful public
works can be borrowed from the
government and then liquidated
from revenues, without making 1t
necessary to levy any additional
taxes for it's retirement.
There is no doubt in my mind
that when all of this new cOnstruC-
ton work gets under way, with
the resulting expenditure of mil
lions of dollars of new money,
conditions are going to be mate
rally improved in North Carolina
and that we are going to be back
on the road to better times" SEN
ator Bailey said. with the in
crease in industrial activity al
ready becoming noticeable in all
parts of the country, especially
in the textile industry here in
North Carolina, there is every
reason for increased optimism.
Much is going to depend, of
course. upon the manner in which
the new Industrial Recovery act is
administered, Senator Bailey said.
But it is generally understood that
President Roosevelt has given his
assurance that he is going to keep
a hand in its administration and
see to it that it will not be used
to hurt or injure any class or any
industry. AS a result, it is not
expected that any of the more
drastic sections of the law, such
as the industrial licensing feature,
will ever have to be invoked, Cen
eral Hugh S. Johnson, administra-
tor of the law, has already an
nounced that he is personally OPP
posed to the licensing feature of
the law and hopes that it will not
be necessary to ever use it. In
cidentally, Senator Bailey was
also opposed to this particular
provision in the law, although he
finally voted for the entire act
after it had been studied and
worked over in the senate.
Senator Bailey called on Gov
ernor Ehringhaus yesterday after
noon and gave him his impression
of the situation in Washington.
He also offered to assist Governor
Ehringhaus in every way possible
in getting grants of federal funds
for various purposes.