Evening star., 1930-05-02

world and the country. Great improve
mentS were made in the statistical serv-
ices, and by reading the signals thou
sands of business men avoided the
maelstrom Of speculation and our ma
jor industries came through strong and
though the people general
" did not grasp these warnings, or this
crisis would not have happened. We
should have even more accurate services
In the future and q wider understanding
of their use. We need particularly
knowledge of employment at all times, II
we are intelligently to plan proper
functioning OF our economic system. l
have interested myself in seeing that
the census we are taking today makes
for the first time a real determination
of unemployment I have hopes that
upon this foundation we can regularly
secure information of flrst Importance
to daily conduct in our economic
world.
In remedial measures we have fol-
lowed the recommendations or seven
years ago as to the acceleration OF con-
struction work, the most practicable
remedy for unemployment. 1t has been
organized effectively in most important
directions, and the success OF organiza-
ton in certain local communities points
the way to even more effective acton In
Cne 1utuIc py ocAAhVC PA"AAS va NN
| tralization.
Another Of the by-products Of this
experience which has been VlVldly
brought to the front is the whole ques-
ton of agencies for placing the unem-
ployed in contact with possible jobs In
| this field Is also the problem or Wnat
is termed chronological unemployment:
The great expansion IN scientlfic ana
| industrial research, the multiplicity OF
inventions and increasing efficiency OF
business, is shifting men In industry
with a speed we have never hitherto
known. The whole subject Is one OF
profound Importance.
Advance In Methods.
We have advanced in all these meth
ods of stability in recent years. The
development Of our credit system, our
statistics. our methods Of security and
relief in depression all show progress.
We have developed further steps DUR
ing the past six months. But the whole
range Of our experiences from this poom
| and slump should be placed under ac-
| curate examination, with a view 10
broad determination OF what can be
| done to achieve greater stability for the
| future, both in prevention and In rem
edy. If such an exhaustive exam1na-
ton meets with general approval, !
shall when the situation clears little
| move to organize a body-repreSenta-
tive of business, economics, labor and
agriculture-to undertake 1t.
| I do believe that our experience
shows that we can produce helpful and
wholesome effects in our economic sys-
| tenn by voluntary cooperation through
the great associations representative OF
business, industry, labor and agricul-
| ture, both nationally and locally.
And 1t is my view that in this f1eld
of cooperative action outside of gov
eminent. lies the hope OF intelligent
information and wise planning. The
Government can be helpful in emer-
gency: 1t can be helpful to secure and
spread information.
Such action, however, as may be de-
yeloped must adhere steadfastly to the
very bones of our economic system,
which are the framework of progress;
and that progress must come from in
dividual initiative, and in time Of stress
it must be modified through co-opera-
tive action.
The proper constructive activities OF
the great voluntary organizations In
the community provide the highest form
Of economic self-government. Perma-
nent advance In the Republic viii lie
in the initiative Of the people them
selves.
We are not yet entirely through the
difficultieS of our situation. We have
need to maintain every agency and
every force that we have placed in mo-
ton until we are far along on the road
to stable prosperity.
He would be a rash man who would
state that we can produce the economic
millennium, but there is great assurance
that America is finding herself upon
the road to secure social satisfaction
with the preservation of private indus
try, initiative and full opportunity for
the development of the individual.
It Ii true that these economic things
are not the objective of life itself. II
by their steady improvement we shall
yet further reduce poverty, shall create
and secure more happy homes, we shall
have served to make better men and
women and a greater Nation.