US Presidency
1932

The most practicable relief to the farmer today aside from general economic recovery is a definite program of readjustment and coordination of national, State, and local taxation which will relieve real property, especially the farms, from the unfair burdens of taxation which the current readjustment in values have brought about. To that purpose I propose to devote myself. I have always favored the development of rivers and harbors and highways. These improvements have been greatly expedited in the last 30 years. We shall continue that work to completion. After 20 years of discussion between the United States and our great neighbor to the north, I have signed a treaty for the construction of the Great Lakes St. Lawrence seaway. That treaty does not injure the Chicago to the Gulf waterway, the work upon which, together with the whole Mississippi system, I have expedited, and in which I am equally interested. We shall undertake this great seaway, the greatest public improvement ever undertaken upon our continent, with its consequent employment of men as quickly as that treaty can be ratified.