The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1931-06-16

prenenSlONS ana actlOnS CneCk enter
prise and lessen our national actiyi-
ties.
With no desire to minimize the
realities of suffering or the stern
task of recovery, we must appraise the
other side Of this picture. II we
proceed with sanity. We must not look
only at the empty hole in the middle
of the 6oughnut.
I'VE must bear in mind at all times
u marvellous resources in land,
mines, mills, mar power, brain pow
er, and courage. Over IS per cent of
u families have either an income
or a breadWinner employed. Our peo-
pie arc working harder and are reso-
lutely engaged, individually md COL
lectively, IN overhauling and improv-
ing their methods and services. That
is the fundamental method of repair
TO the wreckage from our boom of
two years ago; it is the remedy to
the impacts from abroad. 1t takes
time, but it Is going On. Although
fear has resulted in Unnecessary re-
duction IN spending, yet these very
reductions are piling up savings in
our savings banks until today they are
the largest in our history. Surplus
money does not remain idle for long.
Ultimately it is the most insistent
promoter of enterprise and of opti-
mism. Consumption of retail goods
IN many lines is proceeding at a high
er rate than last year. The harvest
prospects indicate recovery from the
drought and increased employment
IN handling the crop. Revolutions in
many countries have spent them
selves, and stability is on the ascend
ancy. The underlying forces of re-
coVery are asserting themselves"
Lists Government Activities
Turning directly to the record OF
his administration in the economic
crisis, President Hoover listed its &C
tivities as follows:
For the first time in history the
federal government has taken an ex-
tensive and positive part in. mitigat-
ing the effects of depression and ex-
peditlng recovery ...,.
II shall not detain you by long ex-
position OF these very extensive &C.
tivities OF our government for they
are already well known. We have
assured the country from panic and
It's hurricane of bankruptcy by coordi-
mated action between the treasury,
the federal reserve system, the banks,
the farm loan and Farm Board sys-
tenn. We have steadily urged the
maintenance of wages and salaries.
preserving American standards of liv-
ing. not alone for its contribution to
consumption Of goods but with the
far greater purpose of maintaining
social goodwill through avoiding in
dustrial conflict with its suffering
and social disorder.
w are maintaining organized CO.
operation with industry SYSTEMATIC
ally to distribute the available work
so as to give income to as many fam
lilies Is possible.
Policy Is Reversed
w have reversed the traditional
policy in depressions of reducing ex-
penditures upon construction work.
We are maintaining a steady eXpan-
o OF ultimately needed conStruc-
ton work in cooperation with the
states, municipalities, and industries.
Over two billions of dollars is being
expended, and today a million men
are being given direct and indirect
employment through these enlarged
activities. We have sustained the
people in Il states who faced dire
disaster from the drought. We are
giving aid and support to the farm
ers in marketing their crops, by
which they have realized hundreds of
millions O in prices than the
farmers of any other country.
Through the tariff We are saving our
farmers and workmen from being
overwhelmed with goods from foreign
countries where, even since our tariff
was revised, wages and prices have
been reduced to much lower levels
than before. We are holding down
taxation by exclusion of every pos
sible governmental expenditure not
absolutely essential or needed in In
crease of employment or assistance to
the farmers. We are rigidly exclud-
ing immigration until our own people
are employed. The departures and
deportations today actually ex-
coed arrivals. We are maintain
ing and will maintain syste-
matte voluntary organization in the
community in aid of employment and
n for distress. There are a score
of other directions in which cooper
alton is organized and stimulation
given. We propose to go forward
with these major activities and poll
cies. We will not be diverted from
them.
BY these and other measures which
we shall develop as the occasion shall
require, we shall keep this ship steady
in the storm. We will prevent any
unnecessary distress in the United
States, and by the activities and
courage of the American people we
will recover from the depression.
I would be remiss if I did not pay
tribute to the business, industrial,
labor, and agricultural leaders for
their remarkable spirit Of cooper
alton. Their action is magnificent
proof Of the fundamental progress of
American institutions, of our growth
in social and economic understanding.
Of our sense of responsibility. and OF
human brotherhood.
Leaders Have Cooperated
Leaders of industry have cooper
ated in an extraordinary degree to
maintain employment and sustain our
standards of living. There have been
exceptions, but they represent a small
per cent Of the whole. Labor has
cooperated in prevention of conflict
in giving greater effort and conse-
quently in reducing unit costs. We
have had freedom from strikes, lock-
outs. and disorder unequaled even in
prosperous times. We have made per-
manent gains in national solidarity.
Our people car take justifiable
pride that their united efforts have
greatly reduced unemployment which
would have otherwise been our fate:
it is heavy but proportionally it is
less than one-half that of other in
dustrial countries. Great as have
been our difficulties no man can con-
trast them with our experiences in