Show T a iq the economy bloc in congress can point polut to the action of the house in slashing three quarters of a billion dollars off the ap for overall over all ali foreign ald aid appropriations including the Eure euro recovery program this slash however works very much like the cuts made in the fantt congress observers nHea say when that body sliced millions out of 0 several appropriations but at the i same me time granted Y what they called contract authority ut hority to spend more which turned up later in the form of deficiency appropriations what n A the AI cheh house i ouse did with ECA funds was wa s to permit dermit the dent if he deems it necessary to spend the money in 13 instead of 15 months so at the end of that time they can come back and get set the money for the other two months if they need it so on the i face it looks like a cut but actu ally aily 1 its a phony cut cute 1 l according I 1 to the 4 real economizers harry E humphreys jr president of united states rubber company is another business executive who comei comes forward forwar cT WIth the idea that big bic beg brg business must sell itself and the capitalist system to the people to preserve business freedom and with it all our liberties said mr humphreys the eleventh houri hour is shere shene here hene for business to speak for itself now and from now on the men who run lt american skull business must devote as much if not more time and g effort to the public vat var relations itt i tt r finance on uis finance production and i distribution A H unless they do they y will not need to worry the latter problems government will bc be giad glad lo 10 handle handie them all ail the ts are arc back smarting under the threatened congressional probe z of the lobby situation these various pres pressure sure groups are arc ar e pointing the ringer finger at go V ern mental spending particulars at t few w key agencies cited as brazen are the reclamation department of interior tc and the army engineer engineers s it will be that the of the hoover commission national resources committee c 6 called the SC two agencies guilty of braz en and pernicious lobbying to achieve their ends other likely targets af pf the lobbyists hobbyists lits attempting to build a back backfire fire likely will be such controversial issues as housing rent control health insurance power and other questions it appears more than likely th e congress will be a b le to Id journ by july 31 particularly if the administration follows through lson ison with T its announced 11 intention of abandoning th civil rl eh ts program and s stakes taken s its gli nil all 1 on I 1 three major masor 0 pieces of legislation athu esgo gil bt tf ato HU n including litou kalme li tUU a U new HV lv labor law and extension of reciprocal trade agreements the announcement by Sen lucas of illinois democratic senatorial leader of the abaid of the civil rights program brought a sharp re rel joinder from many liberal lead ers eira and anu particular lv from leom irom such suun auen organizations s as americans for dc democratic action joseph jose ph L rauh jr national chairman of this latter organization 0 rg brand an d cd ed the lucas action as more than yian a flag of surrender it is a fiat flat betrayal of the democratic part pant T the T h t e A ayi TY democrats i however stymied by the coalition of southern democrats and north ern rn reau republicans alica on civil rig nig rights ats again will take the question as an issue in the 1950 elett erections lons ions the home loan bank board reports that thai the me nations nome bome loan ioan mortgage debt for non farm unfix arm families has I 1 reached a new peak of for 1948 i an ann aan aaa aan aaa as compared to in 1945 the last wartime year the debt is 70 per cent above the depression pre pro peak of in injo indo 1930 but the board points out that this ls is a healthier debt in that although it is due somewhat to high S real estate prices and a lessened purchasing singe sings power of the e dollar it is spread over a longer period and the pattern is improved since depression says the dangerous short term tern or straight mortgage renewable only at a substantial cost and in lump larrr sum moa cum r payments ya sino has been aktor eliminated j most dost fir loans inana today are arc nm written on a rno modern dern amortized amortize basis calling for tor regular monthly payments in many cases include ing the precaution of advance deposits by 1 borrowers 1 to t meet future taxes at the same time the bureau of agil agriculture culture economics reports that the farm mortgage debt as of january 1 1949 Is estima estimated tod as an increase of more than million dollars or per ney pe r cent over a year earlier and millions over january 1 1946 when the debt reached a 34 14 year low |