The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-12-06
and that the freedom from industria

and that the freedom from industrial
conflict was greater than hitherto
known.
While We have recently engaged
tional election" he added, Its very
tranquility and the acceptance Of its
results furnish abundant proof Of the
strength of our institutions"
In addition to the manufacturers
sales ta-. at uniform" but unspe.
Gifted rate, here are some OF his far
flung proposals for securing tho bal
anced budget which he termed nee
essary TO fully restored confidence
in the future:
Widespread Reorganization
Widespread reorganization Of tho
federal government, with executive
orders to be submitted within few
days for regrouping and consolidate
ing more than so federal depart
ments and agencies.
A flat IL per cent slash in federal
salaries. with a $1,000 exemption. in
addition to the present 1-3 reduc-
ton under the furlough system.
Reductions in appropriations I'M
der those for the present fiscal year
Of $3.50 900 .000-this to be offset in
part by increases in uncomfortable
items" of S25OOOO,0O0.
Drastic whiting down of expen-
ditures for public works from $717,-
262 900 to S442, 769 900.
Elimination of certain unnamed
payments to veterans arising from
"ill-considered legislation"
The president, after asserting that
measures already adopted had "un-
doubtedly saved the country from
economic disaster, devoted full Sec
ton of his message to criticism of
the nations banking system. He de-
clared widespread banking reforms
are national necessity and are the
first requisites for further recovery
LAS a system" he said, "our bank
| ing has failed to meet this great
emergency.
1T can be said without question OF
doubt that our losses and distress
| have been greatly augmented by its
wholly inadequate organization. It's
| inability as system to respond ia
upon progress toward recovery"
Refers to System
Hoover explained that he did not
refer to individual banks or bankers,
but to a system which in "its insta-
bility is responsible for periodic dan
| gers to our whole economic system"
| Although specific reforms were not
! named in the message, the president
| pointed out that the methods have
been exhaustively examined and
said that he saw mo reason now why
solution should not be found at the
present session Of the congress-"
He warned. however. that "infla-
ton of the currency or governmental
conduct of banking" should not have
part in these reforms.
| The government, Mr.. Hoover said
should exercise care not to become q
participant in economic and social
life except in emergencies because by
SO doing it becomes "a competito,
with the people"
LAS competitor" he said, ut be-
comes at once q tyranny in what
ever direction 1t may touch. We
have around us numerous such eX-
periences, no one of which can b.
found to have justified itself excert
in cases where the people as whole
have met forces beyond their con.
troll, such as the great war and this
great depression, where the full pow
ers Of the federal government must
be exerted to protect the people. But
even these must be limited to ar
emergency sense and must b
promptly ended when these dangers
are overcome"