Show Senate Passes Roosevelt Bill To T 0 Aid Industry Legislation on Home Homo Loans and Banking Reform is Enacted Revival Ro Measure 1 Wins Over Sarong Opposition W WASHINGTON June 13 Highlights HI ill in the national capital as the special session of congress neared a close President Roosevelt received the industrial recovery bill for his signature after the senate passed the report The senate passed the administrations admin- admin emerge emergency e envy ency cy appropriation bill The President signed the bill making available for refinancing mortgages The chief executive stood firm firmin in his refusal to authorize a more liberal program for veterans' veterans compensation The Stegall Glass-Stegall banking bill was sent to the White House by bythe bythe bythe the senate for the Presidents sig sig- sig- sig nature The senate recessed until 11 11 a. a m. m Wednesday after failure to agree on veterans' veterans appropriation bill Washington ashington June 13 dent Roosevelt tonight summoned an extraordinary meeting of cabInet cabinet cabinet cab cab- inet officials who will direct the vast potentialities of the newly enacted Industrial revival public works bill discussing with them even before the big bill was signed signed signed sig sig- sig- sig ned details of how to put a milL million mil- mil r. r lion or more men to work as speedily speedily sper r edily as possible Three measures designed to stimulate stimulate stimulate st st- economic recovery which 1 p t r have for w weeks eks held the attention of congress were sent to the White hite House today for signature I by President Roosevelt They f were The industrial recovery bill which gives the president and his administrators wide powers to promote the self-regulation self of industry and authorizes a 53 bond issue issue- to finance construction of federal state to- to lo local c cal l and public-benefiting public private I I I IThe 1 projects to create employment The Glass banking b i bill which changes the structure of the nations nation's banking system I I and establishes a system of guarantee guarantee guarantee guar guar- antee of bank deposits effective January 1 1934 i The loan home-loan bill under which urban home owners willbe will win willbe i be enabled to refinance I mortgages es upon their property Under i this measure willbe will willbe be made available I Bank Bill BUl Important The bank reform bill which congress approved today in itself would constitute a sizable record of accomplishment aside from the the many and important emergency measures approved Some of the permanent legislation legislation legis legis- lation latton approved at the special session represented issues on which congress has wrangled for years and resulted in clearing up the legislative calendar for forthe forthe the regular session beginning next January |