New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1928-08-23

of capital was found necessary to the
regulation OF our country's finances
TO accomplish financial stability. the
Federal Reserve system was called
into being by a democratic admins
tration. The question for agriculture
is complex. Any plan devised must
also be coordinated with the other
phases of our business institutions.
Our platform declares for the devel-
opment of cooperative marketing
and All earnest endeavor to solve the
problem of the distribution of the
cost of dealing with crop surpluses
over the marketed unit of the crop
whose producers are benefited by
such assistance. Only the mechanics
remain to be devised. / propose to
substitute action for inaction and
1riend!iness for hostility. In my ad-
ministration of the government of
my state. whenever ! was confronted
With Il problem of this character, !
called into conference those best
equipped on the particular subject in
hand. | shall follow that course
with regard to agriculture. Farmers
and farm leaders with such con-
structive aid as will come from
sound economists and fair minded
leaders of finance and business must
work out the detail. There are vary
ing plans for the attainment OF the
end which is to be accomplished.
Such plans should be subjected at
once to searching, able and fair
minded analysis, because the inter-
csts OF all require that the solution
shall lie economically sound.
Ii am elected. l shall immediate
ly after election ask leaders of the
type have named irrespective OF
party to enter upon his task.
shall join with them in the discharge
OF their duties during the coming
winter and present to congress I'M
mediately upon its conNening. the
solution recommended by the bod!
of men best fitted to render thi!
signal service to the nation. l shall
support the activities of this bod.
until satisfactory law is placed
upon the statute books.
| Adequate distribution is neCessar r,
to bring a proper return to produc
ton. Increased efficiency of rail
road transportation and termina
handling means lowering Of cos
which in turn reflects itself in tn
fern of increased purchasing powe
through reduction in the cost o
everyday necessities of life.
Nor do railroads exhaust mean
of transportation. l believe in en-
couraging the construction and us
of modern highways to carry tn
short haul of small bulk commodi
ties and to aid in effective market
ing of arm products.
Inland Waterways
or great importance and still in
highly undeveloped state are ou
transportation routes by waterway,
) Commodities of great hulk, wher
the freight cost is large part {
) the cost to the ultimate consume.
are among the least profitable I
railroads to carry and lend then
selves most steadily to water trans
poltation.
Certain areas of our country al
deeply interested in opening up
: direct route from the middle west
the sea by way of the Great Lake
and adjacent waterways. Contro'
ORIG he lat l.,
merits OF the st. Lawrence route {
the All-American route. AS Cove
nor of New York. | have heretofoI
expressed a preference for the Al
American route. basine my view {
!, engineers reports made to me. I'll
correctness of these reports and all
= OF those favoring the st. Lawren'
route has been challenged. AS pres
: dent of the United States. therefor
. II would be my clear duty to restu,
this question impartially upon eng
neers' reports the accuracy of viii,
:, must be above question. When Il
results Of such study are given
', congress, j am entirely willing
O abide by the decision of congress.
+ FloNl Control
I With the development of inlal
o waterways goes the control of foo
j. thereon. The Mississippi flood
last year brought home to the n
l. ton the imperative need for n
l, tjonal policy of flood control. T
Is last two administrations waited (
a this calamity and for universal
e mand that something be done
= stead OF taking leadership in this il
o portant work. Forethought. courat
IS and leadership and knowledge
n what real ultimate economy mea
Of would have done much to preve
d. this calamity with its ensuing wa'
l. and misery. An ounce Of prevent
lie is worth a pound of first aid a
Of relief. In the last congress
he Reid Jones billr1aid down sou
pr lines for the solution of this gre
@ problem. The policy thus initial
nj for the Mississippi must be CARR
ID through. The money actually e
n propriated for flood relief is
e. small to make even start. I
III much time has been spent in sou:
re bling over who shall pay he bill.
Ell Mississippi Development
e. The Mississippi river and its
TIC butaries constitute great netwt
d. of waterways flowing through
nc large number Of states. Much M
e' than flood control is involved. F,
!. est development of the Mississi
''- river and its tributaries as arter
',e Of commerce should be the goal.
80 Wide possibilities for public &
-, are latent in what remains of
" natural resources. pledge my.
to a progressive liberal conservat
~. policy based upon the same prir
:; pies to which I have given my s
-. port in the state of New York. F;
to fight against selfish aggression