LESS INCOME IN U.S.A.

Press, Volume LXXIV, Issue 22390, 2 May 1938, Page 9

LESS INCOME IN U.S.A.

Sudden and Violent Decline

UNEMPLOYED INCREASE i RAPIDLY

(UNITED PRES* ASSOCIATION—COPYRIGHT.)

(Received May 1, 8.30 p.m.)

WASHINGTON, April 29,

Mr H. L. Hopkins, the Federal Relief Administrator, said that the national income had decreased by 12,000,000,000 dollars in six months. Three million men had been thrown out of work. He expressed the opinion that the, decline .was the fastest In history.

OPPOSITION TO NEW DEAL

ANOTHER DEFEAT FOR

PRESIDENT

WAGES AND HOURS BILL HELD UP

WASHINGTON, April 29

President Roosevelt’s New Deal programme suffered another defeat when the House of Representatives Rules Committee, disregarding a virtual mandate from the President, voted to “bottle" the new Wages and Hours Bill in committee for the remainder of the present session. Pro-Administration leaders immediately began a movement to discharge the committee and to force the measure to the floor of the House, but it is believed that the time available is insufficient in the present session. President Roosevelt sent a message to Congress asking for an appropriation of 500,000 dollars for a comprehensive study problems and a special 200,000-dol-lar appropriation for an expanded enforcement of the present trust laws. .- He declared that seven specific problems required attention by Congress. the principal ones of which were an improvement in present anti-trust procedure, scrutiny of mergers and interlocking relationships, and a scrutiny of Investment trusts and bank holding companies.

AMERICAN NAVAL

PLANS

ADDITIONAL FINANCE

asked for

WASHINGTON, April 29

President Roosevelt has sent a message to Congress asking for an additional appropriation of 25,597,000 dollars, to enable a start to be made on the construction of two more 1 there is a likelihood that six dreadnoughts will be on the way by January, 1939, not courting three contemplated under the Naval Bill now being debated in the Senate.

WAGES TO BE CUT

FIFTEEN PER CENT. REDUCTION

for bailwavmen

CHICAGO, April 29,

The American Association of Railways has decided to reduce wages by 15 per cent, on July 1. The estimated saving is 250,000,000 dollars a year. .... r>t “The present financial condition of the railways is more desperate than in 1932, when a 10 per cent, reduction was accepted voluntarily by the employees,” an association statement declared.

HOLIDAY ON A CRUISER

MR ROOSEVELT TAKES A FEW DAYS OFF

(Received May 1, 8.30 p.m.) CHARLESTON, April 30. Mr Roosevelt sailed on board the cruiser Philadelphia on an ocean holiday which may take him as far south as the West Indies. The destroyer Fanning accompanied the Philadelphia to act as a communication vessel. The trip is expected to last five or six days.