Salt Lake Telegram | 1936-05-08 | Page 1 | Industrial Job Plan Offered

INDUSTRIAL JOB PLAN OFFERED President Seeks to Expand Business WASHINGTON May 8 UP UP- UP President Roosevelt Sevelt today outlined a a. new v approach to the nations nation's Unemployment unemployment unemployment un un- employment problem involving the expansion of ot certain industries which appear suited to extensive de de- de President Roosevelt revealed he heh h had d' d discussed this possibility with villi witha villia a number of leading industrialists including Walter P. P Chrysler mot moti motor mo mo- t tor ti z magnate and Owen D. D Young General E Electric chairman He suggested as two vo industrial expansion possibilities the railroad i equipment Industry and lousing housing construction ti n. n I To Ease EllSe Relief Rolls The president indicated hope that by expansion of such industries a substantial number of the idle could be removed from government work relief rolls and placed back in private private private vate industry permanently The president said study of rail equipment possibilities indicated that one difficulty is the fact that the present capital structure of the industry is such that rail equipment equipment equipment equip equip- ment companies are having difficulty difficulty difficulty culty in meeting their fixed charges This situ situation Is being studied Inan Inan in inan an effort to improve the fiscal setup setup setup set set- up of ot the industry without any new government financial aid ald No legislation on this subject is Is contemplated he said Mass lau Output Homes I Regarding housing Mr Roosevelt said building of homes is picking up for the higher r income groups However However However How How- ever a 2500 house for use of low salaried families has not yet been invented he declared Mr Roosevelt said during his discussion discussion discussion dis dis- dis- dis with Chrysler that he asked the automobile manufacturer how much it would cost a private machine machine machine ma ma- chine shop t to build an automobile such as some manufacturers sell seU for Mr Chrysler told the president president dent the cost would be at least Mr Roosevelt applied this example example exam exam- pie to the housing industry I pointing out that there will be no possibility of providing homes for the low Income in income income in- in come groups until the housing Industry industry industry in in- is placed on a mass production production production tion basis similar to the automobile industry In