Roosevelt’s Recovery Plan

Manawatu Times, Volume LIV, Issue 7210, 17 July 1933, Page 7

Roosevelt’s Recovery Plan

Higher Wages and Shorter

Hours

AMERICAN STEEL INDUSTRY PILES ITS CODE

.United Press Association—By Electric Telegraph—Copyright Received Sunday, 9.50 p.m. WASHINGTON, July 15.

Simultaneously with the announcement that the steel industry has filed its code -with the Industrial Recovery Administration setting a minimum wage of 25 to 4u cents and hours at 40 per week, eleven prominent steel manufacturers in the Youngston, Ohio district, initiated immediate wage increases from 8 to 25 per cent. These will affect 100,000 men.

Drive to Put Millions to Work

EOOSEVELT’S TREMENDOUS PROJECTS

WASHINGTON, June VI.

Turned over to men skilled in engineering great projects, the gigantic drive to put millions of mou back to work and restore tho purchasing power of tho nation got under way along ail fronts to-day. Left with full power to get into immediato operation tlio vast programme of public works, industrial stimulation, improved agricultural prices, railroad reorganisation and othor recovery projects, tho administrators wero speedily marshalling their forces for the most remarkable offensive tho country has ever known.

' President Eoosevelt threw the switch of his national recovery programme 12 hours after adjournment of Congress. So vast is tho scope of the aggregate of new powers conferred on tho Executive that it is doubtful if any one man here in Washington to-day accurately comprehends tho whole picture. Before departing for hi 3 ocean-going vacation, Mr. Eoosevelt frankly admitted his own open-mindedness on tho programme and tho experimental nature of some of tho projects. Cautious Concern. The attitude of the new group of administrators, who take tho place of engineers on the complicated machinery, is one of cautious concern as they throw the levers and push the buttons that start tho hugo projects under way. Some of the goals of the new projects, which are backed up with billions of dollars of Federal money, follow: —

Expend as soon as practicable, 3,300,000,000 dollars on public works. Put millions of unemployed back to work “before snowfall.” Establish an “industrial covenant” between employers, employees and the Government. Suspend the anti-trust laws in order to allow the covenant to work. Outlaw “slacker” units in industry and outlaw “slacker” industries themselves. Provido for the operation of the country’s railroads on a co-ordinated basis. Signed Eight Bills. All told, Mr. Roosevelt signed eight bills . yesterday. Three of these bills make a combined appropriation ox around 4,300,000,000 dollars. Recapitulations are the order of the day in the capital, and the eight new laws can bo listed as follow, together with the approximate maximum authorisation: Fourth Deficiency Bill, appropriating 3,638,000,000 dollars, inclusive of public works. Industrial Control and Recovery-Pub-lic Works Bill, aggregating 3,300,000,00 0 dollars. Independent Offices Appropriation Bill, carrying somewhat more tnau 600,000,000 dollars. District of Columbia Appropriation Bill, carrying 38,000,000 dollars. A measure providing for elimination of waste by setting up Federal eo-or-dination of the railroads. Glass-Steagall Bill, providing for bank-deposit insurance and making important banking reforms Farm Credit Bill, setting up a 120,000,000-dollar revolving fund for farm-credit administration. A bill extending the Federal tax on gasoline and making other levies. Left Men in Charge. Mr. Roosovelt has left half a dozen additional appointees to start the machinery going while he is away. These now administrators arc second only to the President himself in importance. Without Cabinet rank, some of their jobs are more important than those in the official family. It is Mr. Roosevelt’s hope that much of the spade work of preliminary organisation will be dono and out of the way by the time he conies back from his two or three weeks’ vacation. The three major appointees were:— Brigadier General Hugh S. Johnson, industrial recovery administrator; Mr. -x~» 1.1 IT +omnfmirV nublic

The three major appointees were:— Brigadier General Hugh S. Johnson, industrial recovery administrator; Mr. Donald H. Sawyer, temporary public works administrator; Mr. Joseph B. Eastman, Interstate Commerce Commissioner, Federal railroad co-ordina-tor.

In order to give the quickest possible effect to the public works programme, tho President has released 300,000,000 'dollars to States for immediate highway construction work and allocated 238,000,000 dollars to the navy for the construction of 32 ships allowable under the London Naval Treaty. Many States are prepared to start road construction at once, it is announced. Tho aggregate of new jobs implied in this construction means employment for thousands of idle men. , Bids of 25,000,000 dollars will be asked by tho Treasury Department on Federal buildings alone, to start at once, according to Mr. L. W. Robert, Assistant Secretary of the Treasury.

One marriage out of every 53 registered in Britain ends in a break; the annual number of divorces has multiplied by five in 20 years,