The Waterbury Democrat., 1931-12-08

MT Hoover declared he was op. posed to general tariff revision.
 Such action would disturb in. dustry, business and agriculture he said. Tt would prolong the depression"
 He also registered unqualified opposition to any direct or indi- rect government dole" There were so specific unemployment relief recommendations though MI Hoover said that through the gov. ernment construction program, the federal payroll and veterans and the federal taxpayer is contribut. ing directly to the livelihood oi 0,000,000 citizens. The presidents unemployment committee, he said "gives assurance against suffering during the coming winter"
 Prohibition was not mentioned in the message.
 The Hoover program included the following additional recommen- dations:
 1. Railroads, whose stability was described as necessary to eco homie recovery. should be enabled to reduce costs by proper consoh' dation, and competing services should be subjected to rate regula- tion.
 2. Authorization by Congress for further government advances to federal land banks to make pos sible greater aid to agriculture.
 3. Legislation to enable federal reserve banks to make quickly available to depositors some DOT ton of funds tied up in closed banks.
 4. Establishment of a system oi home-loan discount banks as out lined in a recent presidential state- ment.
 5. Extension during the emer- gencies of rediscount eligibility provisions of the federal reserve act, without lowering the safe guards of the system, as approved in the White House conference with congressional leaders Octo- Der 6.
 6. Prompt improvement of banking laws to further safeguard deposits and credit flow and con- gressional investigation of the need for separation of different kinds of banking, enlargement of branch banking, and ways of extending membership in the federal reserve system.
 2. Consideration of practica, questions relating to deposits and investments of postal savings banks, which have more than dou- bled deposits in the last year.
 8. Antitrust laws should not be repealed, Mir Hoover said. but he urged Congress to consider whether changes should be made to end demoralization in the coal, oil and lumber industries.
 Mir Hoover expressed confidence that the country would adjust itself to changing conditions now as il has in the past without any revolu- tionary action.
 "It is inevitable" he said, "that in these tipes much of the legisla. ton proposed to the Congress an1 many of the recommendations ol the executive must be designed tc meet emergencies. In reaching so- lutions we must not jeopardizt those principles which we have found to be the basis of growth ol the nation.
 "The federal government mus not encroach upon nor permit locaI communities to abandon that pre- cious possession of local initiative and responsibility. Again. just as the largest measure of social re- sponsibility in our country rests upon local self-government. SC does the largest measure of socia responsibility in our country res' upon the individual. If the indi' vidual surrenders his own initiative and responsibilities. he Is surren' dering his own freedom and ms own liberty. It is the duty of tn. national government to insist tna' both the local governments and tho individual shall assume and beai these responsibilities as fund' amental of preserving the very basis of our freedom"
 Mr Hoover added that thougf this is a distressful time, the people have shown high courage and re- sourcefulness.
 with that spirit. I have faitf that out of it will come soundei life. a truer standard of values, greater recognition of the resuits of honest effort. and healthier at' mosphere in which to rear oui children.' he said.
 He found fundamental nationa gains even in the depression Tn th' absence of public disorders and In. dustrial conflict, an enlargement ol spiritual and social responsibility among the people. application ol better methods in business, large scale public improvements, gam in knowledge and public health.
 "The country is richer in physi. cal property. in newly discovered resources, and in productive capac' itv than ever before." he said.
 Other parts of his .iessage may be summarized as follows:
 National Defense - Economics have been made without reducing existing personnel or impalrini morale. If the world is to regain it's standards of life, Tt must fur ther decrease both naval and other arms"
 Foreign Affairs-Ditficulties 1T the last year have largely originat' ed in foreign disturbances, and ei' forts at recuperation in this coun' try have necessitated cooperatiof with other nations to restore world confidence and economic stability The moratorium was necessitateo by the danger of a general panic and the collapse of central Europe Foreign affairs are to be treated IT q later message.
 Domestic Situation-The com munity has cooperated to take such emergency measures as would sus' tain confidence and cushion the violence of liquidation giving time for orderly readjustment or costs panic and widespread bankruptcy. in a way that will promote recov- cry.
 Veterans Services--F.xpenditures now exceed s1,000. .000,0 ,000 year and "T am opposed to any exten- ton of these expenditures until ili" country has recovered from thc present situation"