The Bismarck tribune., 1932-12-06

: secure rapid and assured recovery and
protection for the future we must CO.
/ operate with foreign nations in many
measures.
| We have actively engaged in world
) disarmament conference where, with
success, we should reduce our own
tax burdens and the tax burdens of
other major nations. We should in
crease political stability of the world.
We should lessen the danger of war
by increasing defensive powers and
decreasing offensive powers of ma
4 tions. We would thus open new vistas
of economic expansion for the world.
We are participating in the fdrmu-
lation of world economic confer
ence. successful results from which
would contribute must to advance in
agricultural prices, employment and
business. Currency depreciation and
correlated forces have contributed
greatly to decrease in price levels.
Moreover, from these origins rise
most of the destructive trade bar
riers now stifling the commerce Of
the world. We could by successful
action increase security and expand
trade through stability in interna-
tional exchange and monetary values.
BY such action world confidence could
be restored. 1t would bring courage
and stability, which will reflect into
every home in our land.
The European governments, obn-
gated to us in war debts, have re-
quested that there should be suspen-
sion of payments due to the United
States on Dec. Is next, to be accom-
panied by exchange of views upon
this debt question Our government
has informed them that we do not
approve of suspension of the Dec. Is
payments.
Has Debt Proposal
I have stated that I would recon-
mend to the congress methods to ov-
ercome temporary exchange difficult
ties in connection with this payment
from nations where it may be neces-
sary
In the meantime, wish to reiterate
that there are three great fields of
international action which must be
considered not in part but as a whole.
They are of most vital interest to our
people. Within them there are not
only grave dangers if we fail in right
action but there also lie immense
opportunities for good if we shall sue
ceed. Within success there lie ma
jor remedies for our economic distress
and major progress in stability and
security to every fireside in our coun-
| try.
The welfare of our people is depen-
dent upon successful issue of the
great causes of world peace, world
disarmament, and organized world re-
covery Nor is it too much to say
that today as never before the welfare
OF mankind and the preservation of
civilization depend upon our solution
of these questions. Such solutions
can not be attained except by honest
friendship, by adhering to agreements
entered upon until mutually revised
and by cooperation amongst nations
which will be mutually beneficial.
Other Legislation
I have placed various legislative
needs before the congress in previous
messages and these views require no
amplification on this occasion. 1
have urged the need for reform in
our transportation and power regu-
lation, in the antitrust laws as ap-
piled to our national resource indus
tries, western range conservation, ex-
tension of federal aid to child-health
services. membership in the world
court, the ratification of the Great
Lakes-St. Lawrence seaway treaty, re-
vision of the bankruptcy acts, revision
of federal court procedure, and many
other pressing problems.
These and other special subjects 1
shall, where necessary, deal with by
special COMMUNICATIONS to the con-
greSs.
The activities of our government are
so great, when combined with the
emergency activities which have aris-
en- out of the world crisis. that even
the briefest review of them would
render the annual message unduly
long. shall therefore avail myself
of the fact that every detail of the
government is covered in the reports
to the congress by each of the depart
ments and agencies of the govern
ment.
Conclusion
It seems to me appropriate upon
this occasion to make certain general
observations upon the principles which
must dominate the solution Of prob
lens now pressing upon the nation.
Legislation in response to national
needs will be effective only if every
such act conforms to a complete phil
osophy of the peoples purposes and
destiny. Ours is distinctive govern
ment with unique history and back
ground, consciously dedicated to spe-
cific ideals of liberty and to a faith
in the inviolable sanctity Of the in
dividual human spirit. Furthermore,
the continued existence and adequate
functioning of our government in
preservation Of ordered liberty and
stimulation OF progress depends upon
the maintenance of state, local, in
stitutional, and individual sense of
responsibility. We have builded a
system of individualism peculiarly our
own which must not be forgotten in
any governmental acts, for from it
/ nave SlOWII SICdIcl accompaniment
than those of any other nation.
On the social and economic sides,
the background of our American sys-
tenn and the motivation of progress
is essentially that we should allow
free play of social and economic
forces as far as will not limit equality
of opportunity and as will, at the
same time, stimulate the initiative and
enterprise Of our people. In the main
tenance of this balance the federal
government can permit of no privilege
to any person or group. It should
act as a regulatory agent and not as
a participant in economic and social
life. The moment the government
participates, it becomes a competitor
| with the people.
Tyrannical Competitor
AS a competitor it becomes at once
to- ri,