The Archive · 1938

President Roosevelt Returns To Face Tough Problems

Railway Bankruptcy; "Pump-Priming" for Recovery

Aids; House Revolt Over Enabling Bill; Mexico Washington, Apr. 4.

RESIDENT Roosevelt returned to his desk from a southern vacation today facing the most baffling combination problems to come before him since the depths of the depression in 1933.

The most urgent issue before the President was the plight of the railways, one third of which are bankrupt or in the process of reorganization.

The Railways' Labour Management Board to-day presented a proposal to President Roosevelt calling for a Federal guarantee of railroad income in an effort to revive business and save the railway from collapse Members of the board who conferred with the- President to-day said he doubted that the Government could make such a guarantee through subsidies but had promised to consider the proposal.

The President's programme for the coming week includes 1. A conference with leading railway executives here to-day at which the matter of Federal assistance to the railways will be discussed.

2. Efforts to obtain quick approval in the House of Representatives of

Text read from the printed page and cleaned; old type leaves the occasional error.

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