Evening star., 1932-10-21
Text of Indianapolis Speech
Gov. Roosevelt Again Assais Republican Administrd-
ton and Pledges Efforts to Bring Order
Out of Chaos.

economic problems, genuinely inclusive
of all of these diversified needs-a con-
cert of interest I have called it.
II want to add. too, that the finan-
cal system Of the United States in
October of this year, while badly man
aged and hideously gambled with by
this administration, Is still, in spite of
the actions. of this administration,
capable of repair. Nothing but unrea
terra can chip away the granite founda-
tions on which our fiscal system Is
based.
Thanks to Democratic measures, ex-
tending back for 20 years, created by a
group Of statesmen In our own party
who are still honored leaders in the
American Congress. we have f1exibility
and power of our central banking sys-
tenn, making for basic security.
Back Seat Driving"
''Now, my friends, I have warned the
country against unwise governmental
interference with business. I have
pointed out that the policies of the
present leadership of the Republican
party in the past few years have con-
stituted dangerous back-seat driving 1t
encouraged wanton and dangerous
speculation. 1t refused to encourage
those sound and patriotic masters of
finance who sounded a warning and
who tried to save the financial sound
ness of the United States from a crash
that they saw all too imminent. Ad-
ministrative leaders chose to give sup
port to the un3ound side in that great
moment. They neglected to put the
heavy hand of restraint upon the buc-
cancers of public utilities and finance
who swept the peoples savings into a
bottomless pit of speculation. They
encouraged unsound loans to foreign
nations They were furtive and un-
candid In their budgetary policies.
This, nv friends, from party that
has advertised itself as the friend of
true business and true prosperity.
mo, 1 am opposed to their kind OF
governmental interference with bust
ness. It means casual. dangerous tam
pering. But government can offer the
sort Of leadership that prevents false
goals, that helps business TO avoid the
pitfalls of dangerous practices. that
originates programs designed and di-
rected to the use Of business agencies
to the end that there will be no abuse
of power, no neglect of the necessary
no subversion of the proper march OF
progress. Government can create a
legislative program that will allow the
country to prosper as a unit and avoid
the dangerous condition of being half
boom and half-broke 1t can determine
proper international economic policies
! in accordance with the changed eco
nomic status of Americas international
position. 1t can provide for proper
corporate banking principles to elimi-
rate the danger of pyramided struc-
lures; of capitalization: Of need
| less and dangerous competition, safe
guarding at the same time the rights
OF the individual-the rights of all in
dividuals against privileged and unprin-
cipled power.
a Sound Alternative"
ITO that end. the Democratic party
this year through its platform and
through the activities of its leaders. has
presented TO the country a sound alter
native to the present administration S
business policy of gamble and get by. II
seeks to establish a perfectly clear-cut
and generally accepted policy of the
Governments relation with business
For the sake of the industrial part OF
/ the country it wants to restore the
greatest potential market in the world
( the American agricultural population
1t wants to restore the railroads to a
reasonable and useful prosperity. II
wants to make proper use under proper
control Of our precious water power and
waterways 1t wants to restore sanity
in the field of law enforcement and to