Legislative Messages of Hon. James V. Allred, Governor of Texas 1935-1939 Page: 14 of 263
The following text was automatically extracted from the image on this page using optical character recognition software:
A planned state program is particularly advisable at this time because
of the recently enacted National Housing Act, which makes available
annually for loan to the citizens of this State many millions of dollars
for use in construction and reconstruction of urban and rural homes, as
well as for the refinancing of existing mortgages upon such homes. Full
utilization of this allotment, upon the 20 per cent guarantee under the
National Housing Act, will mean the direct expenditure in urban building
alone of more than two hundred million dollars during 1935. Possibly
an equal amount will be available for rural housing expenditures.
In order that the people of Texas may avail themselves of the full
benefits of this great Federal housing program, it will be necessary for
the Legislature to amend certain articles of the statutes affecting banks,
insurance companies and building and loan companies. I have therefore
caused to be prepared ten proposed bills as amendments to existing
statutes regulating these financial institutions. These proposed changes,
if adopted, will simply except from the restrictions of existing regulations
the Federal guaranteed housing loans.
I am advised by representatives of the Federal Government that these
changes in our laws, if adopted, will not in any wise disturb the sound
structure of our financial institutions. On the other hand, the adoption
of these proposed amendments will make available for building activity in
this State many millions of dollars which will undoubtedly contribute to
the restoration of prosperity in our State.
It seems to me that none of these subjects could logically form the basis
of controversy. They are merely designed to ease the relief burdens of
the people of Texas. The adoption of the measures I propose will make
available to the people of this State Federal funds already appropriated
for the purpose. Any delay in making them effective will deprive this
State of benefits to which the people are entitled. It is my hope, therefore,
that these ten, or similar measures, will be speedily adopted by the
Senate and the House of Representatives. Necessity demands that I urge
them as emergency legislation.
The state platform of the Democratic party also provides: "We favor
submission to a vote of the people of the question of repeal, revision or
modification of State constitutional prohibition."
To this platform demand I am likewise unequivocally committed. As
is well known, I am personally opposed to repeal; yet I favor the submission
of this controversial question to a vote of the people at as early
a date as possible.
May I again, however, respectfully suggest to the Legislature the necessity
for careful study and careful preparation of the proposed constitutional
amendment. After the so-called beer amendment was submitted
in 1933, many grave questions were raised, some of which have not, as
yet been finally determined in the courts.
It seems to me it is only fair that when this proposed amendment is
submitted for a vote of the people it should carry with it, perhaps not as
a part of the amendment itself, but by contemporaneous enabling legisla
Here’s what’s next.
This book can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Book.
Allred, James V. Legislative Messages of Hon. James V. Allred, Governor of Texas 1935-1939, book, 1939; (texashistory.unt.edu/ark:/67531/metapth3899/m1/14/: accessed July 23, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .