Word: reliefs
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Dates: during 1930-1939
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...begin to draw benefits: in England 15s 3d ($3.81) per week; in Wisconsin 50% of weekly wages but not less than $5 nor more than $10; in Ohio 50% of weekly wages but not more than $15. Obviously some workers soon exhaust their benefits and are in need. Then relief organizations take them over and they are paid not because they are insured but because they are cold and hungry...
...concerned about...the committee going before the Regional Labor Board, but I will make it quite nervous for quite a number of the Ledger chapter personnel if the thing ever reaches that point. You can go to all the regional boards you damn please but you will get no relief from the Ledger until you come to me personally...
People like the Joneses needed relief almost as much as the farmers, the bankers, and the unemployed when President Roosevelt entered the White House one rainy afternoon in March 1933. Within a few months Home Owners' Loan Corp. was established to furnish urban mortgage relief, issuing its bonds in exchange for distress mortgages. The mortgages were usually scaled down, payments were put off for a year or two, and cash advanced to clear up back taxes, make repairs...
...slow, clumsy start because President Roosevelt appointed a "lame duck" Congressman from South Carolina named William Francis Stevenson as its chairman. Democrat Stevenson apparently was more interested in giving his relatives and friends jobs in the new Government agency than he was in getting started with mortgage relief. Another cause of initial delay was that mortgage holders were reluctant to swap their liens for HOLC bonds because the bonds were guaranteed by the Government only as to interest. Therefore Congress at its last session guaranteed them as to principal as well. Chairman Stevenson was replaced by John H. Fahey...
...pending will use that up. When the last application has been passed HOLC will have refinanced about one-fifth of the total U.S. home-mortgage debt. So last week, its job well done, HOLC announced that no more applications for loans would be accepted. Mortgages were no longer a Relief problem but a Recovery problem, to be handled by the Federal Housing Administration in its drive to rehabilitate the building industry...