Publisher's Synopsis
Excerpt from The Survey, Vol. 69: Index; January 1933 December 1933
Many states have taken the position that by using their credit and borrowing from the R. F. C. They have a stake in the situation even though they have as yet made no use of their own tax resources. There is something to be said for this theory, but in practice, at the present critical moment, it does not tend to limber up R. F. C. Funds as a relief re source. There is abundant evidence in the five months record of R. F. C. Loans for relief that the more a state does the more it gets. The three states, Illinois, Pennsylvania and Ohio, that have received the largest sums from the R. F. C. Are the three among the thirty-six that have been granted loans, that have dipped most deeply into their own pockets. All the states have not the same taxing au thority but as was said at the November conference in Chicago called by the American Public Welfare Associa tion, There is probably no state that cannot assume some share of the financial responsibility for unemployment relief.
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