Farm Credit Administration or the Home Owners Loan Corporation in
Washington requesting their help.

Two other great agencies are in full swing. The Reconstruction
Finance Corporation continues to lend large sums to industry and
finance with the definite objective of making easy the extending of
credit to industry, commerce and finance.

The program of public works in three months has advanced to this
point: Out of a total appropriated for public works of three
billion three hundred million, one billion eight hundred million
has already been allocated to federal projects of all kinds and
literally in every part of the United States and work on these is
starting forward. In addition, three hundred millions have been
allocated to public works to be carried out by states,
municipalities and private organizations, such as those undertaking
slum clearance. The balance of the public works money, nearly all
of it intended for state or local projects, waits only on the
presentation of proper projects by the states and localities
themselves. Washington has the money and is waiting for the proper
projects to which to allot it.

Another pillar in the making is the Agricultural Adjustment
Administration. I have been amazed by the extraordinary degree of
cooperation given to the government by the cotton farmers in the
South, the wheat farmers of the West, the tobacco farmers of the
Southeast, and I am confident that the corn-hog farmers of the
Middle West will come through in the same magnificent fashion. The
problem we seek to solve had been steadily getting worse for twenty
years, but during the last six months we have made more rapid