The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
^\i°C9 /~* I FEDERAL RESERVE Orrice Correspondence To Chairman Eccles . 0ARD Date June a, Subject McDonald'a statement on Wagner bill. Attached is a press statement that was issued by the FHA today pursuant to a suggestion of mine last week that an early opportunity be taken to correct the impression that the FHA has been hostile to the Wagner bill* There has been evidence of some feeling in the matter, and the labor press and other advocates of the bill have been attacking the FHA and accusing it of hampering action on the Wagner bill at this session of Congress. PRESS RELBA.SE NO* 342 MEDIATE m E MONDAY JUNE 8 , 1936 FEDERAL HOUSING ADMCNI2IRATION 1001 Vermont Avenue, N.W. WASHINGTON,D.C. F e d e r a l Housing A d m i n i s t r a t o r Stewart McDonald t o d a y i s s u e d t h e following s t a t e m e n t ; "My a t t e n t i o n h a s been c a l l e d t o r e p o r t s t h a t t h e F e d e r a l Housing A d m i n i s t r a t i o n i s h o s t i l e t o t h e Wagner B i l l , now pending i n t h e Senate § Such reports are quite contrary tc the t r u t h . There i s no conflcit whatever between the Housing Administration's program and the program of low-cost housing and slum clearance contemplated in the Bill reported to the Senate last week. "The Housing Administration has from the very beginning recognized the need of governmental assistance, as provided by the Wagner Bill, in relieving slum conditions and their attendant e v i l s . "The Wagner Bill i s intended to take care of people to ^hom the advantages of the National Housing Act and other home financing plans are not available. It will notintorf^r^. in any way with private enterprise in the home building industry. ff I hope the Wagner Bill will be passed." --0--
@FedFRASER