Evening star., 1936-03-01
l25- Page Report on Neaao Deal
Provides Campaign Ammunition
Adn,n,istrntiOn A Puts Best Foot ForUard
in Emergency Council Surrey; Stress
ing Aid to Farmers.

that In January, 1885, the number o!
families receiving emergency relief
excluding pensions. was 4,6l4,965 and
that this number had been decreased In
November, 1885, to 2,s46.910.
The Works Progress Administration
set up on May 6, 1885. and designed
to give $500, 900 persons work, had
on November 30, put 2,484,00 person.
to work. The President had allotted
$4,247, ,804,0 Of the fund authorized
for the w. p. A., which totaled 81
$50, ,000, 900.
improvements in conditions reported
by the council included increased posta
revenues during the fiscal year o1
1885, for the first time since 1880.
1t recited the fact also that new
security issues, excluding United State,
issues, had materially increased in thu
last year or two. The total of suct
securities issued during the first min.
months Of 1885 was $3,526, ,000, 900. Ir
1888 the issue of new securities hat
totaled only $l,064, 100000.
s. E. C. Blocked Some Issues.
In the boom days of 1929, however
the total securities issued were valued
at $ll,5l3, 100000 The Securities ant
EA -hange Commission reported thai
the issuance Of 102 security issues Of 9
face amount Of $4,000, 900 had beer
blocked on its objection. The report
said: "The administration of the
security act has undoubtedly checked
the sale Of a large volume of WORTHLESS.
securities, either because. the sponsor,
dared not risk the commissions scru-
tiny or because the prospectus made
obvious the attack of worthlessness."
The council in its report discussed
at length Government housing activi-
ties which are carried on by the Re-
settlement Administration, the Fed.
eral Housing Administration, the p
w. A. Housing Administration and
other agencies. More than 500, ,00t
homes should be built annually for the
next 10 years, the report declared. II
cited, however. the low income of per.
sons needing houses and the many
difficulties in carrying out Federal par.
ticipation in home building. The
Home Owners Loan Corporation, the
report said, had loaned approximately
$4,000, 900 to 97l, ,789 families.
The Reconstruction Finance Corpo.
ration reported q total of $7,698, 1884,
0S9 disbursements from February 2
1882, to September 80, 1885, of which
large amount had been loaned te
national banks and to railroads. The
report said that because of these loan,
many banks had been preserved and
railroads had been prevented from
going into the hands of receivers.
Trade Pacts Cited.
The report of the State Depart
ment's activities dealt particularly
with the new reciprocal trade agree
ments. 1t was said that an important
share Of the foreign trade of the Ma
tion was carried on with the 10 coun-
tries with which trade agreement ne
gotiations had been announced OF
completed and that in 1884 the United
States exported to those countries
goods Of total value of 1898 ,238, 900,
or 3s.l per cent Of the value of the
Nations total exports in that year"
The State Department said that evil
dence is accommodating ito show that
the fundamental soundness of the
trade agreements program is being in
creasingly recognized abroad"
The council gave much space to the
administrators power program and
the projects undertaken by the Gov
ernment to establish "yardsticks'
which would govern prices for elec-
trical power. including the Passama-
quoddy project in Maine and the
Grand Coulee in the Northwest.
Five hundred copies of the councils
report to the President have been pre-
pared, Of which 100 were distributed
to newspaper correspondents. Others
will 60 to heads of Government agen-
cies. Eventually the report will be
printed as a public document. A
comprehensive summary of the activi-
ties Of the Roosevelt administration
undoubtedly it will be the bible" of
Democratic spellbinders in the coming
election.