Word: pwa
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Dates: during 1930-1939
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...canal is a farm. We carry it on our books at $4,000. Now if they will loan me 8,000 I will gladly "sell" it to the PWA and they can put a lot of men to work on it. By draining the alkali spot it can be made into a beautiful park or what...
Good old RFC & PWA! Now that they are in the business I do not hesitate longer in asking for my loan-or what...
...learned in previous years that announcement of the amounts of money he spends is a local publicity boomerang, Harry Hopkins talked of his plans in terms of men and jobs, not dollars. WPA's assignment is to take up unemployment slack rapidly at first, then more slowly as PWA's projects get going, then at full capacity when winter comes and heavy construction slows down. Last week WPA added 60,000 workers to its rolls, two-thirds of them in the Midwest and Mid-Atlantic regions. Similar increases will be made each week during the remainder of July...
...fifth anniversary last week, PWA proudly pointed out that it had brought forth 25,000 permanent improvements on the U. S. scene. For the first 2,000 projects of its 1938 program, which include everything from a subway for Chicago to fleet moorings for the Navy, the following amounts of materials would be ordered in the next few months from U. S. industry...
Presumably put through privately by Chairman Jones and Daniel Willard Jr., the deal was as fabulous as it was timely: through RFC, B. & O. sold its down-at-the-heel canal to PWA (subject to a court receivership settlement) for $2,000,000, approximately $1,000,000 above its book value, thereby getting enough cash to meet its interest payments. Exactly what PWA will do with its canal is still uncertain. According to present plans, it will turn the property over to National Park Service, which may restore the picturesque taverns and lock houses flanking the waterway. The 22-mile...