SPENDING MONEY
MAKE BETTER TIMES PROPOSAL BEFORE U.S. CONGRESS WASHINGTON, May 19. Speaker John N. Garner to-day proposed a two billion one hundred million dollar programme to speed return of better times, and indications were the House would speedily adopt it. It provides for the following: A billion dollar bond issue to provide funds for a gigantic public construction programme, most of which al ready has been authorised but not appropriated for by Congress.
Increase of one billion dollars in the bond issuing authorisation for the Reconstruction Finance Corporation for loans to States, counties and cities where legal and adequate security can be supplied, and for direct loans to private industries. An appropriation of one hundred million dollars for President Hoover to distribute for direct relief to the needy where and as he deems wise.
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Bibliographic details
Waipukurau Press, Volume XXVIII, Issue 125, 21 May 1932, Page 8
Word Count
135SPENDING MONEY Waipukurau Press, Volume XXVIII, Issue 125, 21 May 1932, Page 8
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