Evening star., 1935-01-07
.S40,0O0,0OO FUND
ASKEDF0R IVA.
Roosevelt Budget Message
Reveals $27,526,354
Spent to October 81.
BY the Associated Press.

BY the Associated Press.
Congress was asked for $4,000, 900
by President Roosevelt today to carry
on his economic and social expert
ment in the Tennessee Valley during
the fiscal year ending June 80. 1885.
In his budget message, Mr.. Roose-
welt showed the Authority already
had received $4,000 900. of which to
October 81, 1884, only $27,526,354 had
been expended.
The Valley program, covering the
"yardStick" power operations. ferti-
lizer experimentation, dam building
and general economic and social plan
ming. was put down as needing the
100000 in addition to the $47,-
473,645 still unused in October.
$13.227,763 First Year.
Actual obligations incurred by T.
" A. during the fiscal year of 1894, the
first year of operation, amounted to
$l3,227,763, and it was estimated
these will total another $70,57l 1886 by
next June 80. In the year beginning
then the probable obligations were set
at $63,379.954. After adjustment to
cash basis and deduction. of operating
revenues the 1886 total cash expendi-
lures are estimated at $4O,O0O,OOO
T. V. A. obligations were listed In
the budget as follows:
Estimated Estimated
Fiscal Year Fiscal Year
1886. 1885
Water control. $32, ,7lS,s4S $4l,266, 1926
Electricity
program ... 16,1o6,oO6 17,26o,2so
program ... 100000 3,Oss, ,424
Regional
development 5,so5, 900 4,s76,o ,oo2
Administrative
and general. 100000 l,sOO,5
Service
activities :. 100000 2,O68. TAP
Probable returns to T. v. A. from
sale OF electricity and related rev.
enues were given at $4,600,OO in the
fiscal year of 1886, against $2,2O8,-
QUO for 1885. The budget estimated
1886 revenues from the fertilizer oper-
ationS at $1,340,000 compared with
$4,000 the current year. Other re-
turns were expected from rentals,
electric home and farm authority,
operations and sale of timber.
Ihat I. V. A. contemplates early
construction Of other dams than the
three now under way was indicated in
the allowance for the water-control
program. listing estimated expendi-
lures. fiscal years 1886 and 1885, re-
Spectively. as follows:
Norris Dam, $7,52O,058 and $l6.124,-
219: Wheeler. $7,488 800 and s17,09l,-
1913; Pickwick Landing, s10,2l0, 900
and S., ,638, 900; tributary dam or dams.
s6.000.000 and s2,262,9 and main
river dam. $500 900 and Sl5O00O.
The budget for the electricity pro-
gram carried an item construction
and or acquisition" s15,635,4s7 for
1885 and sl3,211, 400 in 1886.
Under the regional development
budget an outlay Of $792,675 for 1885
and sl,500000 in 1885 was carried for
industrial development.
Work Accomplished Listed.
The s4O,00O0O0 asked for T. v. A.,
Mr.. Roosevelt said, would be included
in a $200,000,000 appropriation in
tended to take care of the normal pub
lie works requirements of the Govern
ment usually included in the annual
supply bills" He added that the re-
quested appropriation may be re-
garded, therefore, as regular instead
of emergency"
The budget did not designate where
the additional dams will be con-
structed.
When T. " A. was created Congress
gave it $50,000.000 and last year ap-
proved an appropriation for public
works carrying s48,0O0,00O earmarked
for the Authority but later the ad-
ministration decided only S25 900 900
would be needed during the year.