Evening star., 1933-05-17
INDUSTRY CONTROL
IS GIVEN CONGRESS!
Roosevelt Message Includes
$1,000, ,000,0 900 Public
Works Program.
Continued From First Page.)

(C0ntmueo from f1rSt Pa8eD
were properly designed as the means
to cure the great evils of monopolistic
price fixing. They should certainly be
retained as q permanent assurance that
the old evils of unfair competition shall
never return But the public interests
will be served If, with the authority
and under the guidance OF Government,
private industries are permitted to make
agreements and codes inSuring fair
competition However. 1t Is necessary,
If we thus limit the operation OF anti
trust laws to their original purpose, TO
provide a rigorous licensing power III
order to meet rare cases OF non-co,,
operation and abuse. Such safeguard
is indispensable"
Can Expend s3.300.000.0e .0e0.
Discussing his public works program,
the President told Congress that care
ful surveys had shown $4,000 0O00 900
could be expended on useful and neces-
sary public construction ana at the
same time put the largest possible num-
ber of persons to work. He continued:
provisions should be made to permit
States, counties and municipalities TO
undertake useful public works. subject,
however. to the most effective possible
means of eliminating favoritism and
wasteful expenditures on unwarranteo
and uneconomic projects.
The President emphasized the need OF
providing the money to pay interest on
and to amortize the cost OF the public
works program. He said that 1t had
been estimated s22o,000,000 would be
needed for these purposes. He made 1t
very clear that there should be no en-
actment OF a public works act without
making specific provision for paying
for 1t. The credit of the United States,
he said, must be protected and pre-
served"
Committee to Get Proposals.
n Is expected that the President. II
he has not already done SO, Will turn
over to the House Ways and Means
Committee the various suggestions
which have been made for raising the
1920 900 900 revenue needed for f1nanc-
ing the public works program. The
suggestions included increases IN the
income taxes, through lower exemp-
tions and larger normal tax rates and
increases in the surtaxeS; "breakfast
table" taxes-on coffee, tea, etc.-a
manufacturers sales tax, with food and
clothing exempt; increased tex on oe+'-
line and number Of other special
taxes.
The so-called manufacturers excise
or sales tax has been under fire bby
many Democrats, especially during the
last campaign. Its proposal reused
much opposition. The Ways and Means
Committee will have to determine, how
ever. which of the taxes will be least
burdensome and offensive and which
will be the most effective in producing
the needed revenue. Supporters Of the
sales tax continue to believe that the
Congress eventually will have to come
to that form of taxation.
The administrators bill was intro
duced in the Senate by Senator Wagner
Of New York. who has been one of the
principal advisors of the President with
regard to this legislation, and in the
House by Representative Doughton OF
North Carolina. chairman Of the Ways
and Means Committee. It was referred
to the latter committee in the House |
and to the Finance Committee In the
Senate. The measure, since it carries
q revenue provision, must originate IN
the House.