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Show 700-Million Fund For Relief Of Unemployed Meets Favor WASHINGTON. Feb. 20 ('.V.) The house labor committee Friday reported to the house favorably a bill carrying S700.000.000 for relief of the unemployed. The Costigan-LaFollctte bill, appropriating ap-propriating $375,000,000 for direct relief re-lief was defeated only this week I in the senate. Chairman Connery of the committee com-mittee said he would ask the rules committee early next week to obtain ob-tain speedy consideration of the new house bill. Under the terms of the new bill, $300,000,000 would be set aside for ! allocation as loans to the state , making application to the secretary , of the treasury. Such loans would bear five per cent interest and be I repayable within 10 years. Another $200,000,000 would be available for direct grants to those states which are prohibited by their constitutions from borrowing. The' measure would require that ! the governors of these states prom-i prom-i ise to use their best efforts to secure se-cure legislation enabling the states to repay the federal government. A sum of $200,000,000 would be available for expenditure by the federal government directly for public works in various cities. Chairman Connery explained that the federal works program had been confined to the cities because it was felt road construction did not give employment to a sufficient suf-ficient number of people. The object of this bill, he said. "Is to get the relief directly to the people and to relieve as many as possible." |