Show OMNIBUS BILL BilLIS BILLIS IS CONSIDERED FOR PROGRAM Hear Hearings Sla Slated ted to Start Wednesday on Proposals WASHINGTON April 16 AP Congressional AP-Congressional Congressional leaders eager r for quick action considered considered considered consid consid- ered today drafting an omnibus omnibus omnibus omni bus bill to carry through congress congress congress con con- gress President Roosevelt's main relief and public works recommendations for spending to end the recession Chairman Ta Taylor lor D. D Colo of the house appropriations committee committee committee com com- indicated this procedure might be followed when he announced announced announced an an- hearings would start Wednesday He said Works Progress Progress Progress ress Administrator Harry L. L Hopkins Hopkins Hopkins Hop Hop- kins would be the first witness Continued on Page Paje Two Column Five LEADERS SPEED RECOVERY PLAN C Continued frond ironi Page One Hearings should be completed Taylor said by May 1 l. l The largest item in the big bill will be the proposed propOs d for tor the first seven months of the fiscal year beginning g July u y 1 What other items will be included was under study It was expected however to contain an allotment of ot for public works grants to clUes cities and states and whatever whatever whatever what what- ever additional appropriations and authorizations may be necessary to provide for tor works loans Needs More Powers Informed members said it was virtually virtually virtually vir vir- vir- vir certain the housing authority would need additional powers to carry out the tho prop proposed sed new slum clearance program Whether this sho should ld be included in inthe inthe inthe the omnibus bill or handled separately separately sepa sepa- was undecided Administration agencies and congress congress congress con con- gress acted yesterday yesterday- to hasten other phases of ot the program The f federal deral reserve reserve board cut by ao about ut t o one eighth eighth the reserVe funds formerly required of banks thus Increasing in increasing increasing in- in creasing the total of money they have available for lending by about Previously the treasury has re released released released re- re leased gold credit amounting to Thus the combined federal reserve and treasury actions expanded the nations nation's credit by 2 The securities commission in line with recommendations in Mr Roosevelt's recovery message simplified simplified simplified sim sim- registration procedure to tomake tomake tomake make it easier faster and cheaper for small business firms to issue stocks and bonds Begins Program The Reconstruction Finance corporation corporation corporation cor cor- already has begun its new program of lending to both large and small enterprises unable to get bank credit out of its of resources In congress some phases of ot the program which it was considered desirable not to include in the omnibus omnibus omnibus om om- om- om bill received prompt atten atten- tion The senate appropriations committee committee com corn approved the proposed 50 increase in the civilian conservation conservation conservation con con- corps allotment for 1938 39 It previously had received house approval House leaders arranged to write a increase for flood control control control con con- projects into the war departments department's departments department's depart depart- ments ment's pending nonmilitary appropriation appropriation appropriation bill Taylor predicted the house would accept Tuesday the presidents president's recommendations recommendations recommendations rec rec- for an increase of in the previously proposed proposed proposed pro pro- posed 1939 road appropriation appropriation appropriation writing it into the pending pending pending pend pend- ing agriculture department appropriation appropriation bill Doubt Action While President Roosevelt linked to his program antimonopoly measures measures measures meas meas- ures and legislation to tax state and local government salaries and the income from future issues of government government gov gov- eminent securities many congressional congressional congressional leaders discounted the probability probability probability ability of action along that line at this session Mr Roosevelt told reporters yesterday yesterday yesterday yes yes- he would send monopoly and taxation messages to congress very soon One administration senator predicted predicted predicted pre pre- however that on monopoly the president would ask only appointment appointment appointment ap ap- ap- ap of a committee to study possible improvements in antitrust laws The presidents president's suggestions for taxing bonds and salaries raised considerable discussion among senators senators senators sen sen- who believed a constitutional amendment would be needed to tomake tomake tomake make such taxation possible Mr Roosevelt said many lawyers thought the taxes could be imposed without an amendment Senator Borah R. R Idaho who recently put through the senate a proposal to tax all future federal bond issues declared the federal government could not tax state and local government bonds without a constitutional amendment and he le e said the states would never agree to that Chairman Ashurst D. D Ariz of the senate judiciary committee on the other hand predicted the supreme supreme supreme su su- su- su preme court would uphold the valIdity validity validity val val- of ot legislation such as the president president president dent indicated he would mend |