Salt Lake Telegram | 1932-09-05 | Page 1 | Von Papen Sets Great Recovery Plans in Action

Von Pap en Sets f I Great Recovery t I Plans i in A Action tion Decrees Embodying Details of Program Signed by Hindenburg o. o ISSUANCE DUE TONIGHT Expenditure of Two Billion M Marks iks Reported Contemplated By B BERLIN Sept 5 Chancellor Franz von recently announced an an- flounced plans for the use of ot large larges s sums ms of money to promote economic reconstruction in Germany were officially of tidally set seton on foot loot today when President dent Paul von Hindenburg signed a aset aset aset set of emergency decrees embodying the chancellors chancellor's program The decrees are expected to be published tonight The chancellors chancellor's plan which was announced by him in a speech at al Muenster Germany on March 28 called caned for the use of more than 2000 marks about on the work of reconstruction It called for extension of public works such as street construction agricultural relief work home building build ing and regulation of canals for lor which he set aside marks This was to be augmented by establishment establishment of rural and suburban set set- A second part of the plan called for forthe the revival of private industry to return thousands of jobless Germans to productive tasks The plan he said was approved by the and he suggested that the marks or more be raised by handing back to economic life marks worth of taxes such as might hinder tion These Thes were to be turned back In the form of certificates on which the taxpayer could borrow an lent amount from the to use in his hI business Loans on n the certificates were to be repaid between 1934 and 1938 In addition marks were to be advanced to industries which would h have ve increased the number of their By this plan the government gov gov- hoped he said to give work to unemployed The g government ver m nt aIs also alo would au au- au wage cuts he said on c condi condition tion lion the amount saved be used to hire additional labor The president and the chancellor were left free today to go ahead with their plans of rehabilitation