Seward daily gateway., 1932-11-15
R|C|D ECONOMY
 $ R9DsEvELT'S
 PROMISE ID V. 5.
RESUME OF PRESIDENT-ELECT PLEDGES WHEN IN OFFICE
 AFTER MARCH 4

WASHINGTON, D. C., Nov. 16- FTanklyn DelanO Roosevelt will en- ter the White House as the 32nd President next March, committed by party platform and personal pledge to a program of wide re- trenchment in the cost of Federal government to taxpayers.
 Constantly reiterated that pledge has been a major item of the eco- homie discussion which marked his victorious campaign. Repeatedly the President-elect has promised an effort to slash ordinary expenses of government by 25 per cent.
 What that goal will amount to in dollars and cents will depend upon what happens to annual appropria- tions in the session of Congress which conveneS in December to provide funds for the next fiscal year.
 Turnout his nationwide cam paign, however, MT. Roosevelt in sisted tha ta program of drastic retrenchment sufficient to reach a balanced budget was the essential step toward economic recovery.
 FOUNDATION STONE
 This was the foundation stone of every auxiliary proposal he made for restoring trade at home or with other countries, for curing unem- ployment and for aiding farm re- covery It was even the basis for his insistence upon repeal of the 18th amendment and early modifi- cation of the Volstead act.
 Mr. Roosevelt during his cam paign, made one definite pledge to- ward carrying out this fundament- al step that went beyond the four corners of the Democratic platform. No man would be seated at his cabi- net table, he promised. who had not pledged himself to loyal co-opera- tion with his retrenchment policy.
 In the course of his swing thru the country the most ranging campaign tour of any man elected to the presidency in years, MT Roosevelt filled in the outline of his purposes as President with de- tailed proposals as to many mat terS.
 They constituted the blueprint of the new deal" to which he pledg- ed himself in his speech to the Chicago convention accepting the presidential nomination.
 A nine-point program of reme- dies designed to prevent recurrence of the economic crash marked MT. Roosevelt's first major address of the campaign, delivered at Colum- bus, Ohio, in August
 This program called for rigid scrutiny and control by the Federal government of securities based on interstate commerce, and restric- tion of the use of reserve bank funds in speculative operations As a principle of executive policy he pledged himself to avoid even i'm piled government approval of pri- vate loans abroad.
 An eight-joint program for con- trol of public utilities supplemented thlS general outline during MT. Rooseyelt's Western tour.
 This program included publicity TOT security issues, capital invest ment and indebtedness. ownership of stocks and bonds, and intercom- pany contracts; regulation of hold ing companies by the Federal Pow CT Commission; criminal statutes to cover false representations. and substitution Of the prudent invest ment" fer the reproduction cost" theory in rate making.
 l seven-p0int program for rail reads, including extension Of inter- state commerce commission authOr- lty to buses and trucks, also was urfClded during that tour. MT. Roosevelt described it in brief as designed ito avoid financial ex- cesses, adjust plant to traffic, CO., ordinate all carrier services, pro- tect the worker, and about all, serve the public reasonably, swiftly and well"
 HAS FARM AID PLAN
 At another point MT. Roosevelt outlined six specifications" for a