Evening star., 1938-04-21
.UT|[|T|ESBU|[D|NC
PROGRAM IS SEEN
81 900, 900, 900 Is Declared
Available to Boost
Big Business.
BY the Associated Press.

BY tne Associated Press.
A high administration official said
today that President Roosevelt's efforts
to promote federally- financed expan-
sion in the utilities industry were
! aimed at eventual stimulation Of a
huge utilities building program.
The Reconstruction Finance Corp.
announced yesterday 1t was ready to
meet the financial needs Of all comers
in an attempt to end the industry s
construction slump.
White House advisers have estimated
that possibly Sl,000,O00 900 utilities
building program could be undertaken
Immediately. with quick and far-reach-
ing effects in other industries such as
steel. cement, brick and lumber.
| Utilities executives told the President
several months ago they were about
s3600,0 100000 behind normal building
schedules.
Impetus to the campaign to enlist
utilities in the recovery movement
came from conference yesterday be-
tween the President, Chairman Jesse
H. Jones of the R. F. c., and William
o. Douglas and John w. Hanes of the
Securities Commission.
Complaint From Utilities,
Mr.. Jones said afterward the utilities
had complained they were unable to
| get money for expansion and that now
the r. F. c., with available funds of
$1,000, 100000 was ready to supply
that money, either through loans or
through purchase of bonds.
Another informed official said that
several small companies have evidenced
desire to obtain Government money
and that the administration hopes
| the larger ones also will take ad-
| vantage Of the r. F. C. offer.
Other phases of the recovery pro-
gram went forward swiftly. The House
Appropriations Committee called Au-
brey Williams, deputy w. P. A. admin
istrator. to testify on the supervision
Of work relief
Administrator Harry Hopkins, ap-
pearing before the committee yester-
day, forecast an increased relief load
beginning July /. He said the $780,
100000 requested for relief from July
l to February l. 1899. would care for
100000 unemployed, 100000 more
than at present
Mr.. Roosevelt prepared to send
Congress by tomorrow at the latest a
message recommending reciprocal
State-Federal taxation OF future issues
OF Government securities and the
salaries of all public officials.
New low-rent housing and slum
clearance projects totaling $40, ,728, 900
received presidential approval.
Program Advocated.
Meanwhile, James A. Farley, chair
man of the Democratic National
Committee, and James Roosevelt, the
PRESIDENTS son and secretary, advo-
Gated the administrations recovery
program in speeches in Garden City
N. Y, and Middletown, Ohio, respec-
lively.
Mr.. Farley told the Nassau County
Democratic Club:
III the moneys spoken for in the
Presidents recent recommendations to
Congress put us as far ahead of where
we are today as the sums expended
in the past put us above where we
were six years ago." he said, cit will
be the best investment this Nation
ever made
1T is because Of these things that
the country retains its faith in a
President who had the skill to recog-
nize the emergency that confronted
the country when he came to Office
and the courage to find new paths
to lead us out of the wilderness Of the
depression"
Young Roosevelt, addressing a din
ner Of Middletown Democrats, de-
clared that recent experience in cut