HOUSING: Monster Machine

From the hat of Congress in 1933 President Roosevelt magically pulled out two mighty measures for recovery—National Industrial Recovery Act and Agricultural Adjustment Act. Last week just as Congress was putting on its hat to go home the President extracted his biggest piece of 1934 recovery legislation—the National Housing Act. Of the 9,500,000 persons in the U. S. still out of jobs, more than half used to work in the capital goods industries (machinery, structural steel, lumber, ships, cement, locomotives, stone). PWA was to have provided relief for the heavy industries...