The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-18
HEARING begun on FEDERAL
INDUSTRIAL PLANNING Bill
WITH FINANCING Up First
Wholesale Road Construction Program
One Phase of Industrial Meas
ure for Putting Men
Back at Work

WASHINGTON, May Is. lOt)
The house ways and means com
mittee began its quess today for
S22O,OOO.OOO of. new taxes 70
finance the administrations vast
re-employment campaign.
The additional revenue is need,
ed to meet interest charges ami
sinking fund payments on the
50, 3OO.OOO.OOO public works sec
ton of the last and most potent
of the measures laid before con
gress by President Roosevelt IN
his effort to create jobs tor MIL
lions and to revive business.
Coupled with the public works
program is legislation which VIII
put private industry and the gov
eminent in "partnerShip'-torced
cooperation if necessary - 10
launch American business on i
''two year plan" Of stabilized pro-
duction. shortened working hours
and better wages.
Budget Director Lewis Douglas,
the initial witness in the ways
and means committees hearings
today. presented before the COM
mittee four alternative tax pro-
Grams including q general manu-
facturers sales tax, to finance the
huge public works recovery bill.
WASHINGTON. May 1S.-(UP}.
A four hundred million dollar APP
preparation for highway conStruc-
ton included in the huge public
works bill now before congress
will provide work for 3SO,OOO men
experts who assisted in drafting
the measure. said today.
The hill provides for two high
way programs, one similar 10 me
federal aid system under which
thousands Of miles OF roads nave
already been built, but would not
require various cities TO matCh
the new federal funds.
The second program calls Tor
construction or Improvement OF Il
system OF secondary highways.
The allotment would be made on
a basis OF population and ON the
Dlan of appOrtiOument OF road
building money used in the pres
ent federal highway act.
President Roosevelt asked con
gress Yesterday for power 10 Gre
ate a two-year national recovery
plan" which would give him I'M
precedeuted control over American
industry.
Congressional leaders moved
swiftly after the chief executive
had outlined the last Of the adj
ministration rehabilitation meas
ures to get action on the bill. II
couples with industrial planning a
$4,000. 100000 public works pro-
gram and is designed to absorb
millions now jObless.
The measure, representing Pres
ident RoOseyclt's supreme assault
ON the depression, will he taken
up today by the house ways and
means committee.
The sweeping bill, in brief. pro-
yides:
First. Agreement by individual
or groups OF industries to control
production, fix hours OF work, and
provide Just wages. which must be
approved by the president. II an
industry fails to submit an agree
ment. or its plan is unsatisfactory
then the president may initiate
oneof his own with power to en-
force il. The objective IS a reor-
ganiZatiOn of industry to prevent
recurring SURPRISES which abetted
the depression, to eliminate cut
throat competition which is q
handicap TO enlightened business
and industry, tn provide jobs fol
the unemployed and to improve
the condition Of labor.
second, A $3,3OO,OOO public
works program, including loans OF
grants ND to 80 per cent of the
cost of labor and materials &c
states. counties and municipalities
for local improvements.
The industrial planning powers
are limited to two years and the
president may halt loans undel
the public works section after two
years. No new boards are pro
vided by the bill but the president
is authorized to use whatever ag
encies may be needed.
TOT nance the public works. the
treasury may issue bonds, notes
certificates or treasury bills I'M
der the broad powers granted fol
floating OF Liberty bonds to fl
nance the war. A flat apprOpria
ton of S3,3OO,OOO,OOO is made tC
cover the cost. A federal EN-
Urgency administrator Of public
works" will be in charge of the
project.
To finance the public works, the
.o441nA rrnrlh nnnAiffnns nv an.