Word: pwa
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Subsistence homesteads, PWA's house & garden projects to keep the starving alive in semi-rural communities, have no more ardent supporter than Anna Eleanor Roosevelt Roosevelt. One of her favorites is for jobless miners at Reedsville, W. Va. Part of the Reedsville project is erection of a factory to make furniture and post-office equipment. Secretary Ickes enthusiastically allocated $525,000 of PWA funds to build and equip a factory to employ 125 men. To provide the factory with work, a provision was popped into the regular Post Office Appropriation bill to operate the factory and take over...
...Purchasers will have the benefits incident to the examination PWA has made of projects and communities represented in these securities...
...finance labor-making projects. Like any smart bond dealer he saw in the present municipal bond boomlet a fine opportunity to turn over his capital. Last week while financial sections of the Press blossomed with municipal bond advertisements, Bond Dealer Ickes offered for public sale his first batch of PWA municipals...
...some town & county elders PWA's offering came as a shock. Their contracts permitted PWA to sell the bonds, but every municipal and county official had hoped against hope that these securities, which represented 70% of the cost of local projects, would eventually lapse to a par with the 30% outright grant. Bond Dealer Ickes, however, was dead set on turning over his inventory so he could buy more bonds, make more work...
Graft. All this haste in pushing out Federal money has resulted in cases of padded payrolls and political favoritism. Last week PWA had 130 investigators looking into CWA & PWA frauds. Mr. Hopkins had to appoint Army Engineers to take charge of CWA work in Chicago and Los Angeles. In Colorado he supplanted a state committee that was not getting action because of political quarrels by one of his own administrators...