The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-19

AS weary senators and rep
resentatives scattered today
to campaigns and vacations,
they left behind with Mr..
Roosevelt new authority to:
l. Purchase and coin silver until
the metal currency reserve is IS per
cent gold and Is per cent silver.
2. Raise or lower the tariff by so
per cent in furthering the reciprocal
trade agreement policy.
3. Exercise tremendous control
over agricultural and manufactur-
ing prices.
4. Spend a sum estimated at more
than S6,OOO0OO,OOO on relief and re-
covery.
5. Regulate the securities business
in all respects.
6. Make loans to private industry;
purchase and retire marginal lands;
purchase factories for rehabilitation
and use.
Licensing Provision Ends
Holding over from the special SEES
sion of a year ago are additional
powers including unused authority
to print $3,000,0 100000 of funded pa
per currency to retire Indebtedness
or for emergency expenditure.
AS congress departed there lapsed
the most far-reaching authority of
sll-the licensing provision of the
national industrial recovery act.
Under it for one year Mr.. Roosevelt
had the power to seize, operate or
suppress any industry which refused
to cooperate with the NRA code
program. The licensing provision
never was used.
Congress refused Mr.. Roosevelt
some Of the authority he sought,
notably an extension of AAA Ii
censing powers. Dispute clouded the
real objective of the licensing
amendments proposed by Henry A.
Wallace, secretary of agriculture
But utilized to their utmost, it ap-
peared they would have permitted
the administration to fix prices and
regulate production of agricultural
products from farm to consumer.
Housing Bill Passed
Last through the legislative ma
chine as congress fled was the adj
ministrations $1,000, 100000 housing
program designed to make available
to the property owner funds with
which he may renovate, modernize
and improve his buildings.
The first task undertaken by the
President in the congressional recess
is the signing of some 200 or 300
bills, many of small Importance,
passed Saturday and Monday.
Explaining that they would be
taken care of as they came to the
White House, Mr.. Roosevelt said
there were now about 125 scattered
through departments and agencies
for study and that others would be
sent there before coming to him.
He indicated that the important
bills dealing with housing. labor and
other matters would require several
QdyS SbuNS OC4OlC uC bOOk dCGlOil
upon them.
Leaves Early Tomorrow
The President, who will leave
early tomorrow for New Haven,
Conn, where he will receive a degree
from Yale university, said that bills
also would be sent to his yacht Sc
quota, which he will use while there.
In the quiet cabin of the Sequoia,
he plans to go over them carefully.
He also will study new legislative
measures at his home in Hyde Park.
which he will visit for a brief period
over the weekend. He will go to
Hyde Park from New London, Conn.
where he will witness the Harvard
Yale boat races.
Before leaving the White House,
however, he will approve the silver
bill. Signing is scheduled for 8:45
tonight.
On the Taylor grazing bill, legis-
lation of moment to the cattle states
of the west, the President indicated
that there were several highly tech
nical questions involving water
rights that would have to be studied
before he took action.