Evening star., 1939-07-30
lendinu
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the Federal Government already has
allocated to the States, but which
the latter have not been able to
match. The revised bill provides
that the States may borrow Federal
funds to match the previous alloca-
tions and that beginning in 1943
the Federal Government will begin
collecting these loans out of regular
Federal road payments.
Another provision placed in the
bill, members said, was that ultimate
borrowers should pay an interest
rate one-half of l per cent higher
than that which the Government
plays for the money involved.
The Senate already had voted to
eliminate from the measure $780,
100000 for highway construction
and $3.50, 100000 for the purchase
and leasing of railroad equipment.
In offering his amendment, Sena-
tor OMahoney told the Senate that
it was designed to give notice to
the people of the Nation that it is
not the intention of Congress or the
Government to do anything that
will interfere with private enter
prise"
Il feel that the time has come
when we ought to make 1t clear that,
having won the objectives of main
tanning the rights of popular devel-
opment, we should not proceed to
crush private enterprise" he de-
clared.
"The unfortunate fact is that a
feeling is growing in this country
that the purpose of the Govern
ment is not to encourage private
enterprise, but to crush it and to
substitute big government for busi-
ness"
Senatop Norris, champion of pub
lie power development, demanded:
rs there any other object to this
amendment than to prevent munich
palities from acquiring municipal
electric light plants?"
When Senator OMahoney denied
this Senator Norris replied that, IN
his opinion, if the amendment were
adopted loans for municipal plants
would be "out of the window"
TydingS Wants Stricter Curb.
Senator Tydings said he thought
the amendment did not 60 far
enough. asserting he believed that,
since the lending program was de-
signed to help business and to
create jobs, he did not think any
money should be lent to take over
some existing industry.
Senator Barkley, calling atten-
ton to statement he was author
lied by President Roosevelt to make
last year. when the P. w. A. appro-
priation bill was approved by Con-
gress, said this policy still held. The
gist of this statement was that the
Government would not seek to COM
pete with privately-operated utili.
ties whose rates were reasonable
unless it first made a reasonable
offer to buy out the utility.
Speaker Bankhead said at his
press conference, meantime, that
the House might be called upon to
meet as early as 10 am-two hours
earlier than usual-if it began to
look next week like adjournment
was near
Won't Call Up Wage Act Changes.
He said he would recognize
Chairman Norton, Democrat, of
New Jersey, of the House Labor
Committee late Monday to call up
a bill to extend the life of the C.
c. c. camps for another five years.
Asked if he intended to let her
call up her committees contro-
versial wage-hour law provisions,
Speaker Bankhead replied:
1T is not now my intention"
One administration supporter said
privately that the leadership would
prefer to have the wage-hour con-
troversy come up under procedure
already approved by the House Rules
Committee rather than by the
method sponsored by Mrs. Norton,
which would require a thirds
vote of the members for approval
OF any changes.
The Rules Committee decided
Thursday to ask the House to de-
bate two sets of wage-hour amend
ments for five hours.