Show I II I HOUSING VIEWS VARY GREATLY CREA Tt Y j Recovery for Drive e t. t t I I Urged by Ickes Moffett l Plan Differs I I WASHINGTON Nov 23 fP P JP- Pt t Clashing viewpoints w within thin the government gov gov- I eminent and outside emphasized iz today today to to- day the prospect of momentous struggles I g les In which the winners will be bc decided by President Roosevelt Roose by I congress and perhaps by the direction of the business curve C For the moment at least housing Is the rock on which w waves waves ves of opinion opinion opine ion break most sharply Secretary Ickes P W A chief has just outlined the possibilities of a housing for recovery recovery re re- covery campaign which In several respects is strikingly ly different from t the drive being conducted by James 1 A. A Moffett housing administrator Ickes speaking of potentialities and not of a sure thing indicated his belief belief be be- lief He that P W A could hasten employment employment employ employ- II ment and help exercise the mortgage I bugaboo b by pouring out I large rge sums I on new and inexpensive hous houses s. s I 3 Per Cent Interest He spoke of long term contracts I directly between the government and andr r the home owners with interest of 3 per cent Man Many spokesmen for business and andI I banking oppose the idea of the governments governments government's gov gay taking such a direct part in housing Ickes raised the question how quickly and how effectively electively private business would take hold in this field While P W A would welcome large investments of private capital in housing he lie said there is i no 10 o evidence evidence evi evi- dence of such a trend The government is not looking for lor any extra work and responsibilities he declared yesterday but we cant can't 11 sit It around indefinitely waiting for lor private capital to come in We must go o ahead on the basis of present con I I Ickes expressed the opinion the government can build better and cheaper homes than pr private atc capital on one straight mortgage at 3 per percent r cent He spoke of costs as low as 1600 a dwelling possible elimination elimina elimina- elimination tion of or down arid acid j payments perhaps I an agreement whereby union labor might cut hourI hourly wage rates rales in return return return re re- turn for lor more money per year Business Influence Felt FeU That the state slate of business will have strong influence also on the tax problem likewise was emphasized by Chairman Buchanan D D. Texas of the house appropriations committee Although he ie saw v not a reasonable chance of balancing the budget for tor forthe the he 1936 fiscal year y ar unless relief funds are curtailed curtail d. d he said Continued recovery wi will increase revenues and lessen the need for lor tax legislation because expenditures would decrease The efforts to improve the liaison between government and banking apparently apparently ap- ap are arc continuing The capital learned earned last night that Senator Fletcher D. D Fla after affer a visit to the he president has circularized a anum num number ber of bankers banker asking their views on such questions as whether all banks should be unified in a single system and whether a central bank should be c set up to control the issuance of currency |