The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-06-23
SERIES
|0F PROJECTS
Made PUBLIC
E,eO Follows Roper's
| Statement Depression
"Scraping Bottom"
EDR, IN BROADCAST E
FRIDAY EVENING

| NASnlNG YIN, OuiiS go Va
The PWA carried It's recovery
|,,iys another step forward with
announcement of additional APP
E,oyed projects with total con-
|,,,neriop value of $61,752,4S7.
Il MAS the third list of projects
|. 1850 By the PWA since Presi-
S.Hr Roosevelt signed the recov-
wv hin and brought the total to
|. ysme of $2l0,546,S32 of which
A. governments contribution IS
I'M lO6.OO for a total OF soy
|prOlect&
WaSHINGTON, June %. (UP)
Tbs New Deals pump-prlmlng
Lirye against the depression today
Esipsd momentum as the NV a
freuared 10 release more govern
feet money for public construc-
ion projects. ~ -..,.
| Encouraged by a bullish stock
ksrket and optimistic statements
\ President Roosevelt and other
Kew Deal leaders, administration
|tficials speeded all phases of the
lulti-billion dollar recovery pro-
Eam.
They expected the president 5
reside chat tomorrow night
IOuld add a new incentive to Ell
Lrts being made to put men back
i work and increase the business
|O!ume.
The PWA entered the second
\ three consecutive days IN
Shieh il will offer funds from a
SCrnon of the lending-spending
Ind designed eventually TO ere
te S6OO,000,000 in PWA prof.
tS.
| The administration. Spurred by
breasts from Secretary of Com
3eree Daniel c. Roper that the
tpresSiOn is "scraping the bot
tm," Yesterday threw the hrst
$4,000. 900 of the new SS,753,-
DO 600 war chest" into a fresh
Hack on the business slump.
/ Simultaneously, govern m e n t
Economists prepared an up-to-the-
finute chart of the nations eco
|Omic pulse to guide President
boswell in the fire-side chat he
Dill make at $50 p. m. (EST)
|fiday. His remarks. which he an
|ouneed in Hyde Park, N. Y, on
thursday will be general in char
|cter, will be carried to nation
|fde audiences over the major ra-
b. networks.
Fewer than "a hours after the
announcement that
i had signed the recovery-rehef
Ill. thePubhc Works administra-
Jon moved its dollar soldiers into
be- front line trenches. II an
lounced that Sl57. 100000 in
pans and grants had been allot-
I'd fro mits S965,000,0O0 appro-
Ration for 500 projects with a
btal value of Sl48.795.S95.
Outright grants in the initial
|tvanee totalied s66,893,128 and
bnas S1O.921,50 Approved by
fe president, the proposed prof.
|ctS are those upon which work
hn be begun without much delay
|Ad include schools, sewers, har-
r Improvements, a subway, toll
lhdgeS. an amphitheater and
Freet improvements. The chief
Fecutiye said that dirt would fly
fthin so days on PWA construc-
Fon from coast to coast.
The recovery program does not
PAL with PWA projects. In sign
Fs the legislation the president
|nereaSed the potential expendi-
lres Of the U. S. Housing author
p by S60.000.000 a month; made
PPgailable S175,000,000 for farm
authorized a S212,-
pOO,O00 subsidy for wheat, corn.
FoiiOn, rice and tobacco farmers
End awarded the Rural Electrifi-
taaitlon administration 500, OOO,-
Standing by also is the Recon
'Iaetion Finance corporation
nh $l,50O,O0O,000 available for
ESanS 10 big and little business.
ending the return of industrial
lealth, the Works Progress ad-
alnlstratiOn has 81, 425,000,00
: finance the cost of relief and
! provide jobs during the next
F'ght months.
Roper was confident that bust
~ will improve certainly" by
iaA and quite likely" at an ear
\: date. This was in sharp con-
'sIc' with the reports conveyed to
'tGe president by his economic ad-
tuEtrS before he departed for
,,yae Park last week. He was told
: mat time that there might be
SAght upturn in the autumn,
n, entirely upon the abil-
y, ~ OF private housing construc-
SD Un 70 retain its present pace,
-. ~ mat the effect of the recov-
sS.3t,rehef drive would not be felt
's10re spring.