The Waterbury Democrat., 1931-02-04
(Copyright, 1881, By the United
 PreSS.)


 Copyright, 1881, By the United Press.)
 Albany, N. Y., Feb 4.-UP)- Three remedies for unemployment and its consequent distress were out lined by Governor Franklin D. Roosevelt to-day in an interview with the United Press.
 The governor based his sugges- tions on the findings of the recent conference, initiated by him, of the governors of six of the principal in dustrial states of the northeast, ! which normally employ 49 per cent of all the country's labor. The con- ference, which was in session three days at Albany recently, is to be resumed at the invitation of Gov ernor Clifford Pinchot, of Pennsyl- vania.
 Governor Roosevelt suggested: A study of all forms of unemploy- ment insurance here and abroad | with a view to evolving workable, model American plan; A study of the labor laws of the principal industrial states to bring them into closer uni employment information to guide la l bor to the markets where needed and away from the markets where | not needed.
 Governor Roosevelt. regarded as an outstanding potential democratic presidential candidate in 1892, be- cuse of reelection by the record breaking plurality of more than 725,- 900 continued:
 This winter every patriotic cit izen is working with time and money to relieve serious conditions which extend through almost every part of the country, "only two years ago many prominent people were saying publicly that the industrial | boom then in progress would con- tinue indefinitely and that never economically.
 "So much for ill-considered prophecy based on unsound think ing and the failure to read history.
 That is one of the particular req sons for the conference of the gov ernors of Massachusetts, Rhode
 Island, Connecticut, New York, New 1 gently held in Albany. We all felt
 something should be done in addi-
 ton to the relief of the existing emergency by studying some of the l fundamental causes and also some of
 the remedies proposed for the pre-
 vention {of another period in the fu-
 ture like the one we are now pass
 ing through.
 | I've listened to the reports of
 statisticians and experts. Two of the
 significant points brought out were
 that the wage payments in the na-
 tion as a whole were about nine and
 a half billion dollars less in 1880
 than in .1929--an appalling decrease
 in the purchasing power of the | country-and the other startling fact was that in spite of all of the eff ] fnrfc of fodoray f.itC county
 and other government agencies, the
 total volume of public works in 1880
 and 1881 total no more than the
 public works in 1929.
 "The governor reached three con
 clusions. The first was to appoint
 a committee of seven, with one rep
 resentative from each state, in order
 to get different report on all ex-
 isting or proposed forms of unem-
 ployment insurance. This will cover
 various European methods, both
 voluntary insurance and compulsory
 insurance; it will cover the existing forms of voluntary insurance now
 in effect among certain corporations
 and certain organizations of work
 CTS in the United States, and it also will cover suggested forms of what
 are known as Americanized plans for
 unemployment insurance on a com | prehensiVe scale with at least gov
 ernment supervision. With this study
 of unemployment insurance, will. of
 course, be included the suggestion of
 the creation of government reserves
 to be built up during periods of pros
 perity and used for public works In
 periods of depression.
 "The second study authorized by
 the governors will be that of labor
 laws and taxes on industry, with the
 purpose of making all of these more
 uniform and thus lessen the migra-
 ton of labor and industry from one
 state to another.
 "The third step creates an experi- mental clearing house between the
 seven states, in order to work out
 plans for a better system of public
 and private employment agencies
 and also for getting better and more
 uniform statistics covering the whole area of the seven states.
 | Ut has been demonstrated clearly,
 think, that the federal statistics
 of the department of labor have | proven themselves almost completely
 worthless during the past year and a
 half.
 | What the states seek to do is to prevent, in so far as possible, the aggravation of conditions in unem- ployment in any one locality by the
 .nfiux of additional unemployed from | other places and at the same time
 making available workers for those l localities which are ready to put | more people to work.
 "In other words, the whole confer cnce is looking to the future in a constructive way and believes that the time has come to take thought Of the morrow instead of pursuing | the old policy of making silly prophecies and hoping that the day of reckoning will not arrive too soon."
 THE FIRST FRUITS New York. Feb 4.-(UP)-Pen- sion and insurance protection for 45,000 employees of the Standard Oil Company of New York, administered by the Metropolitan Life Insurance company. was announced to-day by Herbert L. Pratt, chairman of the board of the oil company. The plan. retroactive to January 1 of this year, affects also employees of the Magnolia Petroleum company, Dallas, Texas; General Petroleum company, Los Angeles: White Eagle Oil company, Kansas City, Mo. The pension plan provides. with certain exceptions. that all employees receive approximately per cent of their annual salary multiplied by the number of years in service; men to be retired at 65 years of age and wo- men at 55 years.
 An cmploye retiring after ;5 years of service, thus would receive at least 70 per cent of his previous years salary i. the form of an an-