Evening star., 1938-04-07

RECOVERY FUND
PLEA IS FORECAST.
Report Of Pump Printing
Follows R0oSeveIt'S Talk
With Hopkins.
NON-|NTEREST LOANS
PLANNED FOR CITIES
Program Would Be Carried Out
Through Machinery of Both
P. w. A. and w. P. A.
BY J. RUSSELL YOUNG.


A huge public works program de-
signed to end the recession, restore
employment and revitalize the Ma
tion's business is being considered by
President Roosevelt for recommended
tion to Congress, it was reported un-
officially today at the White House.
One high administration authority
said the proposed program entailed
s1,5Oo0O0,O 900.
Meanwhile. Chairman Glass of the
Senate Appropriation Committee pre-
dlcted the administration would ask
an appropriation of between $780,
600 900 and $500 900 900 "as a
starter" toward meeting next years
relief needs.
Word of the new "pump-primine"
effort became known as Mr.. Roose-
welt conferred with w. P. A. Admin
istrator Harry L. Hopkins and his as
sistant, Aubrey Williams.
Bonds May BE Issued.
Although official confirmation or
denial of the report was not forth
coming, it was understood funds for
the new recovery drive would be raised
by a bond issue and lent to cities for
long periods without interest.
1t was indicated the President soon
would send message to Congress out
lining the plan and asking for the
necessary authorization to carry it out
The loans, it was reported, would
De mace to cities. counties and other
political subdivisions to finance local
building programs. The machinery
OF the Public Works Administration
as we'll AS the Works Progress Ad-
minlstration. it was said, would be
utilized in carrying out the program.
The aim is to assist big industries as
well as small business 1t also would
include spending on the Governments
housing program. extensive slum clear
ance. flood control and highway con-
struction.
Details Not Revealed.
Following his conference with the
President, Mr.. Hopkins practically ad-
mitted the program was in the max
ing. He declined to discuss it in de-
tail, however.
The administrator said he would ap-
pear before the House Appropriations
Committee next week and outline the
need for work relief funds. From Mr..
Hopkins remarks the inference was
drawn that the President might not
send message to Congress, but would
merely make known his plan in let
ter to the Appropriations Committee
chairman.
MI. Hopkins said he would go be-
fore the Senate Unemployment Com
mittee tomorrow and outline the en-
tire relief situation
1t was understood the money would
be lent without interest for periods as
long as so years and would be repay
able in small annual amounts, prob.
ably about 2 per cent
5000 Projects on File.
To get the works program started
quickly. the Government has on file a
reservoir OF approximately 5000 pro-
posed works projects which can be
brought up for reconsideration.
Some sources close to the White
House said the President desired pri-
marily to stimulate business by this
new program. suggestive in its size
and extensiveness of the programs Mr..
Roosevelt formulated to fight the de-
preston in the early days of his ad-
ministration
Coupled with this, it was understood
Mr.. Roosevelt plans to push housing
and slum-clearance undertakings
financed by Federal appropriations
and providing for construction of
homes. multiple-family houses and
apartment buildings.
Deputy Administrator Williams has
said that a much greater emergency
relief fund would be needed soon if
the Government was to care for the
new thousands of unemployed. born
of the recession.
LOAN POLICY TOLD.