The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1937-12-23
Regular Session ConVenes On
January 3. Wage-E{our
Bill Is Doomed.

Washington, Dec. 18.-The house
steam rollered to passage tonight 6
bill designed to stimulate construc-
ton and sale of millions of HON es
in the next five years. The measure
went to the senate by standing
vote of 267 to 80. ,-. ~
Though the housing measure was
passed, administration hope Of get
ting a farm bill from special SEES
sion was snuffed out today by a
decision that the joint conference
committee would wait until after
Christmas to tackle the job of ad-
justing differences between house
and senate bills.
Republicans shot one amendment
after another at the housing legis-
lature, only TO have the Democrats
crush them, almost without excep-
ton, under tins weight Of their
huge majority.
Last Major Item
The bill was the last major item
on the houses Legislative slate for
the special session. It was drafted
to carry out recommendations OF
President Roosevelt ITO encourage
the private construction and financ-
ing Of housing on large scale" as
san important part of the program
for increasing general business &C
tivity and employment"
He told Congress last month it
was estimated that 100000 to $780,
900 dwelling units ought to be built
annually over the next five years
at a cost of IL to 16 billion dollars.
In an attempt to reach that mar
ket, the bill is intended to reduce
home financing costs, lower the
down payments of prospective
home owners, and permit federal
insurance of mortgages on multi
pie family dwellings,.
Approves Sections
Passage of the bill automatically
gave final approved to sections
which the house had tenta-
lively approved earlier in the
evening, among them a key fea-
ture of the bi1l-a section to per-
NIT so per cent loans insured by
the Federal Housing administra-
ton, and 10 per cent down pay
ments on homes appraised at $4,000
or less.
For homes valued up to $4,000
the 10 and 80 per cent feature
would apply to the first $4,000 and
a 20 per cent down payment and
80 per cent loan to the remainder.
Over at the other end Of the
capital, a senate banking subcomit-
tee wrestled through the day with
With the housing bill. When it
failed to reach an agreement, Ma
iority Leader Barley spoke Of a
possibility Of holding the senate in
session until Thursday.
To Speed Farm Bill
Committee members considering
farm legislation agreed, however
to work as SPEEDILY as possible after
the holidays in order to lay a re-
written farm measure before both
houses early in the regular session
converting January 8.
Senator Pope, Democrat, Idaho.
one of the senate conferee and an
author Of the senate bill, said ex-
perts would begin making an an
a1ysis Of the two bills at once. The
conferees probably will get togeth-
err about December %, he added.
'TThere will be no differences be.
tween the conferees on the rice and
tobacco sections because these are
virtually the same in both bills,
Pope said
eve will have some ironing Out
to do in the cotton provisions, bu1
don't think anything will arise
there that will break down the con
ference.
'"The corn and wheat section.
have some pretty vital differences
but I am hopeful that We will b.
able to work out a satisfactory
promise"