By last week Secretary of the Interior Ickes was able to make a big showing on public works. Of the $3,300,000,000 at his disposal, he had, within ten weeks, allocated about $1,400,000,000. But allocations hire no workers. Public agencies first have to sign loan agreements with the Government before they see a cent of cash. Then they have to survey their project again, advertise for bids, pick a contractor. The contractor, in turn, has to order his materials, assemble work crews. This routine explains why the flow of public works cash was still only...
To continue reading:
or
Log-In