Indianapolis Times, Volume 46, Number 156, Indianapolis, Marion County, 9 November 1934 — Page 23

NOV. 9. 193 f,

BUDGET STUDY wCHIEF CONCERN OF ROOSEVELT Relief arm PWA Funds Are Big Problem; Huge Sums Still Needed. By t rniUß Pr.„ WASHINGTON. Nov. 9 -Prld*nt Ronn*\*it today ronrentrated cn the budget problem, hoping to complete preliminary estimates experted to rail for continued large expenditure* before leaving for the with next vrek. * Relief cost* and the future of the public works administration fy *re believed to present the biggest problem. Continuation of wide* f *■> relief with attendant large is considered certain. ' The admims'ration is anxious to bat k I rden to and cities as rapidly as local governments can afford to absorb the cost* Littie progress in this e.irerfion. however, ran be expected It Is thought, without continued and increasing improvement in business generally. A note of optimism in the budget situation was injected by two agenfie.s which have shared large portions of the huge recovery expenses , /i o far. These are the Home Owners f |<m:i Corporation and the Reconstruction Finance Corporation. RFC Funds Adequate Chairman John H. Fahey of HOLC advised Mr. Roosevelt that one billion of the original three-bil-lion dollar HOLC appropriation remained unexpended. He said that requests for mortgage refinancing are declining steadily and that further finds probably will not be needed. RFC Chairman Jesse Jones made a similar rejw>rt. He said the RFC ■ had plenty of money on hand for all likely demands and pointed out that In most recent months the RFC had taken in considerably more money than it had paid out. In contrast the PWA has virtually exhausted Its second huge appropriation. If the agency is to continue. as is exiiected. with large allotments to bolster up construction throughout the country congress will have to furnish more funds. The relief administration has spent *536.000 000 since July and has about *320 000 000 left to carry It through to January, when anew appropriation will be necessary. Routine Increases Expected N Another source of additional goviment expenses is expected to be

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AUTHOR SPEAKS HERE

r* &>■ %i

Lewi* Corey

••The Economics of Prosperity” w as to be the topic of Lew is Corey, noted author and economist, # today at a luncheon meeting of the World Affairs institute of the Indiana Council on Internatinal Relations at the Y. W. C. A.. 329 North Pennsylvania street. Mr. Corey is the author of ‘ The Decline of American Capitalism.” a recent publication which has been hailed by literary crtics and social observers as an outstanding work. in increased appropriations for routine department activities. These costs have been trimmed to the minimum by recent congresses and a sharp drive for more normal appropriations is anticipated. Restoration of the present 5 per rent federal pay cut will boost the budget further. The President is expected to obtain a thorough picture of the prospective demands on the treasury during the next few days. He is scheduled to leave next Thursday on an inspection tour of the Tennessee Valley developments and will not return here until December.

ig CONSTIPATION

N. Y. PRISON PROBER IN CITY TOMORROW Dr. Louis Berg Coming for Town Hall Lecture. Dr. Louis Berg. medical investigator who played an important part m New York's Welfare island prison expose, will speak at 11 tomorrow in the ballroom of the Columbia Club for the Town Hall series. Dr. Berg will be introduced by

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THE INDIANAPOLIS TIMES

'Dr. La Rue D. Carter, president of the Norway sanitarium. Inc., 1820 East Tenth street, who also will preside at the discussion luncheon which will follow the lecture. Among guests invited to sit at , the speakers’ taole are Dr. Kenosha Sessions, of the Indiana State Girls' school; A. F. Miles, Indiana state reformatory superintendent: Mrs. Marion F. Gallup, Indiana woman's prison superintendent, and Dr. and Mrs. Harry L. Foreman. Guests tickets for the lecture may be obtained at the Town Hall offices, . Wl Columbia Club.

CITY NRA ADJUSTMENT , BOARD HOLDS MEETING New Group to Hear Complaints of Local Violations. The Indianapolis NRA adjustment board held the first of what are to be regular weekly meetings yesterday in its offices in the Meridian Life building, 311 North Pennsylvania street. This board, as a distinction from the state adjustment board, will continue its efforts to hearing complaints of NRA violations in Indianapolis and Marion county. The board is composed of John

Indianapolis Tomorrow

Alliance Francaise, luncheon. Washington. Siema Alpha Epsilon, luncheon. Columbia Club. Smith. Central Labor Union official, the employes' representative; Paul Q. Richey. Russel M. Seeds, adverI rising agency president, employers' representative, and Leo X. Smith, attorney ar.d former NRA legal advisor. chairman. O. J. Breidonbaugh. NRA staff official. will act as secretary for the board.

CHURCH CLASS TO MEET Adelphian Group to Hold Session Monday Night. The Adelphian class of the Meridian Heights Presbyterian church. Forty-seventh street and Central avenue, will meet Monday night at

Record Breaking FURNITURE VALUES at _ ~ _ r Furniture Cos. WT I O Ik 215 West |\ll\l\ Washington St.

PAGE 23

the home of Mrs. W D Crooks. 5744 Broadway terrace, it was announced today. The Rev. Sidney Blair Harry is pastor.

TRY A WANT AD IN TIIE TIMES. TIIF.V WILL BRING RESULTS.