The Daily Alaska empire., 1932-11-09
RIGID ECONOMY IS ROOSEvELT'S
 PROMISE TOU.S,
Becomes 32nd President of U. s. Committed by
 Party Platform
By KIRKE SIMPSON

'WASHlNGlON, NOV. S.-I 0iAh- lin Delano Roosevelt will enter the White House as 32nd President next March, committed by party platform and personal pledge to a program of wide retrenchment in the cost of Federal government to taxpayers.
 Constantly reiterated, that pledge has been a major theme of the economic discussion which mark ed his victorious campaign. Re- peatedly the president-elect has promised an effort to slash ordin- ary expenses of government by 25 per cent.
 What that goal will amount to in dollars and cents will depend upon what happens to annual ap- populations, in the session of Congress which convenes in De- cember to provide funds for the next fiscal year.
 Throughout his nationwide campaigning however MT. Roosevelt insisted that a pro gram of drastic retrenchment sufficient to reach a balanced budget was the essential step toward economic recovery.
 This was the foundation stone of every auxiliary proposal he made for restoring trade at home CT with other countries, for curing unemployment and for aiding farm recovery. It was even the basis for his insistence upon repeal of the 18th amendment and early modification of the Volsted act.
 MT. Roosevelt, during his campaign, made one definite pledge toward carrying out this f u n a m n a step that went beyong the four corners of the Democratic platform. No man would be seated at his Cabinet table, he promised, who had not pledged himself to loyal cooperation with the retrenchment policy.
 In the course of his swing through the country on the most Arranging campaign tour of any man elected to the Presidency in years, MT. Roosevelt filled in the outline of his purposes as Presi- dent with detailed proposals as to many matters.
 Pledges a New Deal
 They constituted the blueprint of the new deal to which he pledged 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 od she campaign, delivered at Colum- ous, Ohio, in August.
 This program called for rigid scrutiny and control by the Fed. oral government of securities bas- cd on interstate commerce, anc restriction of the use of reserve bank funds in speculative opera ions. AS principle of executive policy he pledged himself to avoie even implied government approva of private loans abroad.
 An eight point program for con. trol of public utilities supplement ed this general outline during MT Iloosevelt's western tour.
 This program included pub
 licity for security issues, capi-
 tai investment and indebted
 ness, ownership of stocks and
 bonds, and intercompany con-
 tracts; regulation of holding
 companies by the Federal
 Power commission; criminal
 statutes to cover false repre-
 sentations, and substitution of
 the prudent investment" for
 the reproduction" cost theory
 in rate making.
 A seven-point program for rail goads, including extension of inter tate commerce commission au ,hority to buses and trucks, als v,as unfolded during that tour. MI roosevelt described it in brief a cesigned ito avoid financial ex c,sses. adjust plant to traffic, co ordinate all carrier services, pro .,act the worker and above al rye the public reasonably, swift iy and we'll"
 Has Farm Aid Plan
 At another point Mir Roosevelt outlined six specifications" for | Jan for farm recovery (which h >ould endorse, and on which h .7id he understood most of tn ;casonable leaders of agriculture ere agreed.
 Federal legislative aspects tha /, touched upon included reorgan 7ation of the Agricultural De .rtment to provide machinery fo national planning. and reductio