HOOVER OBJECTS

Hokitika Guardian, 24 May 1932, Page 5

HOOVER OBJECTS

TO PUBLIC WORKS

OF NON-PRODUCTIVE KIND

Jnited Press Association—By Electric 'ieiegrspn. —oopyrigtu i WASHINGTON, May 22. A lengthly ietter has b?en addressed by President Hoover to Mr Charles Parkei, President of the American Society of Civic Engineers. It is an answer to a letter from the Society urging a bond issue in order to finalise public works construction. President Hoover rigorously reiterated his opposition to such measures to relieve the depression.

Political circles regard this letter as a direct answer to the recent Congressional agitation for public works, as for examp'e Mr Game ’s pr posal cabled on May 19. At the same time, the President urged the adoption of a twelve point relief credit programme to rolve the problem of unemployment, .including an early balancing of the .budget, and the expansion of credit through the existing machinery. He declared : "The hack of the depression fcantiot he broken, by ahy sihgle Government Undertaking. It Galt only be done with the co-operation of the banks, industry and agriculture, in conjunction with the Government.’i! The President' Stressed the difference, between "the non-productive works’ such as public construction, buildings, etc., as compared with "income-pro-ducing work” financ.ed; by the Reconstruction Finance Corporation. He was the opinion that the expenditure of great sums of money on public works would place too heavy a burden on the taxpayers in proportion to the number of men employed which he estimated, would be relatively few.