The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20


Private industry and the
banks are being enlisted to
finance and take part in the
new offensive. Large new
federal appropriations also
are planned.
In its attack, the admins
tration will capitalize many
agencies, with major empha-
sis on housing projects Of all
sorts, both urban and rural, and in
Guiding subsistence homesteads, wa
tershed development, public build
ings, and f-liquidating municipal
enterprises, hospitals, schools, and
the like.
Coordination OF the housing pro-
grams Of the Federal Housing Ad-
ministration and the Public Works
Administration is contemplated, per-
haps with an outstanding figure or
figures brought in to command these
agencies. Housing will be the core
of the ambitious program, and speed
will be the watchword.
Harry L. Hopkins, federal
emergency relief director, is being
mentioned for a prominent part in
the set-up. The name of General
Hugh johnson, retired NRA admin
istratOr, likewise is mentioned as
one who might give the govern
ment's drive the desired push and
90, but there are some considera-
lions against this.
The Reconstruction Finance Cor
pOration, under Chairman Jesse
Jones. will be an important factor.
The mortgage refinancing program,
which provides for creation of trust
companies and loans to existing
companies, will play a leading role
in clearing up the dead load of out
standing indebtedness to ease this
burden generally and open the way
for new financing.
Confers With Business Leaders.
President Roosevelt has been
working on this huge program for
days with his expert advisers.
Numerous estimates for the various
segments of the plan have been laid
before him, which he now is analyz-
ing and weighing.
He has discussed his ideas with
the big businessmen and bankers
who have paraded into the White
House in the last few days.
The administration believes it can |
SELL the large necessary outlay to |
the conservative interests who howl |
about balancing the budget and then |
make the impossible proposal that
relief be discontinued. President !
Roosevelt is determined to care for
the needy. Business leaders know
this must be done.
In its arguments, the administra-
ton is pointing out that it is much
better to spend large sums for pro-
duCtive enterprises. which create
wealth on which taxes can be COL
leCted, than to continue to pour out
billions for relief. 1t is taking the
position that the time has come to
call a halt to mere relief, which |
creates a continuing problem which |
may lead no one knows wither. and |
spend money to give these unem- |
plOyed millions jobs.
Fights Revival of CWA
Despite all that can be done, a
mammoth relief problem confronts
the nation this winter before the
contemplated new program can
make itself felt. For this purpose, !
between $4,000. 100000 and s3,OOO,- !
100000 will be needed. The very
fact of this huge, necessary outlay,
administration officials believe, will
wake up industry to the need OF
tackling the program now on long
time permanent basis with large |
public works program that will slim |
ulate private industry and create |
Jobs.
Mr.. Hopkins has set himself firmly |
against revival of the CWA of last /
winter which is being urged by some !
within the administration as an eX-
pedient to carry over the winter. /
The relief administrator believes the /
time has come TO create real jobs
and take care of the unemployed on
a constructive, permanent basis.
Mr. Hopkins has urged upon the
President the wholesale building of
small homes in rural communities
all over the country. Unemployed
would be moved into these homes. /
which. in the south, are being con- /
structed for as low as 5000. The
government already has bought up
great tracts Of good farm lands at
low cost.
Some industries are ready TO erect
plants in these communities which
would furnish work for the inhabi-
tantS. The homes would be amort-
lied over a long time, and the gov
crEment would lose nothing.
Hopkins FavOrs Plan
Mr.. Hopkins is all set to so with
this plan. Its value lies in the speed
with which it can be carried for
ward The houses are being built
in fifteen days
The administration is being urged /
10 put as much as $1,000 600. 900 in /
this rural home project.
Harold L. IckeS, secretary of in /
terror, and public works administra-
tor. said he could use between ST.
5OO,OOOOOO and 100000 900 in hous- /
ing projects including slum clear
ance and low cost housing in the big
cities. He would like $500. 900 900 for
the subsistence homestead program
under his direction.
An appropriation Of 100000 900 /
for public works OF a self-liouidatinc