Evening star., 1935-08-29
ROOSEVELT SIGNS
JOB SECURITY BILL
D. c. Measure Is Approved
Along With Moratorium
on Farm Debts.

Attempting to complete the task Of
making laws out Of numerous pieces
Of important legislation approved by
Congress in its closing stages, Presi-
dent Roosevelt today signed number
Of bills, including the one providing
for an unemployment compensation
system for the District, and prepared
to give concentrated attention to
others during the next day or two.
Although the immediate future of
the District unemployment legislation
Is clouded by the financial tangle
occasioned by death Of the third
deficiency bill. the newly signed act
authorizes the appropriations.
In addition the bill levies payroll
tax on all employers to establish a
fund from which to pay benefits OF
not to exceed SIS q week to laid-oh
workers for Is weeks year. The
payroll tax will be l per cent in
1886, per cent in 1887 and per
cent thereafter, except that after four
years it may be raised to per cent
or lowered to Ia per cent, according
to the degree to which each employer
stabilized employment.
d. C. to Contribute 100000.
The District government will make
lump-sum contributions totaling $400,-
900 during the first three years, after
which Congress will decide whether
further contributions from the city
are necessary to augment the pay
roll tax.
Most important, perhaps, OF the ma
tional legislation signed this morn
ing was the Frazier-Lemke three-year
farm mortgage moratorium bill, de-
signed to replace the law declared un-
constitutional by the Supreme Court
last Spring.
The measure permits debt-bur-
dened farmers to 60 into Federal
court and obtain moratoriuns OF as
much as three years on their mort
cages. During that time their prop
erty, in effect, would be under court
control.
Farmers are allowed to remain In
possession of their land during the
moratorium, but must pay fair"
rental, either every six months or
at the end of each year, as the court
may decide.
NAV Clear Land After Time.
At the end of the moratorium,
property which has been protected by
it must be reappraised by the courts
or on court order.
The farmers then may clear their
land by payment Of the appraised
value. But if they fail to do so,
secured creditors can obtain court
orders directing that the secured
property be sold at public auction.
Among other bills signed by the
President were~the following: An act
authorizing the Virgin Islands Co. to
settle valid claims of its creditors and
for other purposes; measure amend
ing the act to establish uniform sys-
TEN of bankruptcy throughout the
United States, and a joint resolution
authorizing the Federal Trade Com
mission to make an investigation with
respect to agricultural income and the
financial and economic conditions OF
agricultural producers generally.
Until he has acted on other bills,
Mr.. Roosevelt must defer vacation
plans He indicated yesterday some
alI-night work would be necessary if
he is to be able to leave for Hyde
Park, N. Y, before Saturday night.
Neutrality Bill Waits.
Yesterday the White House an
nounced the President had signed
more than so bills, including one pro-
hibiting holders of Government gold
clause bonds from suing for damages
after January /; legislation ratifying
interstate oil compacts, and measure
to accelerate railroad reorganizations.
Among other measures still to be
signed or vetoed are these:
The neutrality bill providing for
an embargo against shipments Of
arms to warning nations and designed
to keep this Nation out Of any Euro
pean hostilities.
The soak the rich" $3.50, ,0o0, 900
revenue bill.
The railroad pension bill, setting
up a pension system for more than
100000 railroad employees; signature
expected late today.
The railroad pension tax bill plac-
ing taxes on employees and carriers
to finance the pensions.
The T. v. A. amendments giving
the Tennessee Valley Authority,
among other things. express authority
to sell surplus electricity.
The liquor control bill, creating q
new agency to supervise the liquor
industry.