Nogales international., 1936-10-31
TheProblem
Continued from Page One)

significant than in finance, banking and credit
New paths have been charted with reductlon VI
the eVer-mOuntlng roll OF unemployment as Cle LII
mediate objective.
The first enterprise was the Civilian Conserva-
tion Corps Begun as temporary expedlent on SLY
months basis it has several times been renewed SUCH
has been it's outstanding success
Then came the National Recovery act giving the
President wide powers to codfy industry to increase
employment and shorten hours, and eliminate sweat
shops and setting up $3,3OO0O00OO fund for pubic
works.
Under N R. A. wages and prices increased, hours
decreased child labor and sWeatshops were checked
When N. R. A. ruled out by the Supreme Court
wages dropped, hours of labor increased and child
labor and sweatshops returned.
The National Labor Board, Social Security act,
Tennessee Valley Authority Guffey coal bill and the
works program also fall into this category of ndust-
rial and labor policy.
In the farm problem the Administration had to
grapple with of complicated and long-stand-
ing difficulties, and faced wide cleavage among
agricultural executives over policy.
Finally the -TugWell-Frank theory OF
raising prices by eliminating surpluses won out
Until declared unconstitutional by the Supreme
Court early this year, the A. A. A. had distributed ap-
proxmatey ST. 100 100000 in benefit checks for crop
reduction and raised prices of farm goods In some
cases several hundred percent and had saved the fin
ancia and economic lives of several million American
Farmers.
Blazes New Trails
In the field of relief the Roosevelt Admlnstra-
ton bazed trails Dscardng the cruel and trag-
ic policy Of the Hoover regime, it launched pro
gram of stupendous proportions to carry Federal aid
to the millions Of needy unemployed
The $4,88OOOO,OOO appropriation Of 1885 and re,
lief funds asked this year, well moneys obtained
in 1888 and 1884, have been and will be spent prn-
cpally toward this end
In international AFFAIRS the Presidents course
has been of limited nature due principally to the
tnuous pressure Of domestic affairs. And yet the Ad
inn
achievements.
Establishment of diplomatic delations with So
Wet Russia had profound and quieting affect upon
Far Eastern relations. Noninterventng in Cuban and
Latin-American affairs another bold STEP The
accomplishments of Secretary of State Hull at Mon
tevideo particularly effective in helping dssi-
pate certain resentment in American countries
over bunglng of the Cuban situation.
Reciprocal trade agreements, made with various
nations have broken down high tariff barriers and
pushed our foreign trade to high level.
spending Program"
A great deal has been said about the New Deals
spending program" but 1T IS INSIGNIFICANT
WHEN CONTRASTED WITH RESTORED VAL
UES.
The Roosevelt Administration created the fol-
lowing four distinct agencies to improve homefnanc
ing conditions: Federal Home Loan Bank System,
Home Owners Loan Corporation, Savings and Loan
Division and Federal Savings and Loan Insurance
Corporation
The Home Owners Loan Act of 1888 and the
Federal Home Loan Act were designed to promote
emergency relief to home mortgage indebtedness to
refinance home mortgages, and otherwise assist am
ortlzatlon OF home mortgages. The bank system
es as a credit reserve for Federal savings and loan
associations building and loan associations cooper
ative banks, insurance companies savings banks and
other me-financing institutions.
The H. O. L. c. set up an organization which
reached into every county in the United States It has
accepted approximately 1884,1OO applications from
home owners seeking relief completing 1008,00O
loans totalng S3,005, ,215OOO.
The Federal Housing Administrations set up in
1884 was responsible for insuring privately made
shortterm characted loans for repair and moderniz
alton of homes and other buildings, long term mort
cages on homes and mortgages on low-cost housing
projects.