The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-08-12

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strength by cooperation in the build
ing and loan associations, the saving
; banks, and the insurance companies
we may relax the pressure of forfeit
ture upon home owners and procur,
the release of new resources for tn,
construction of more homes and tn,
employment of more men.
1t was in accordance with thes,
principles that we have insisted upor
reduction of governmental ex
penses. for no country can squandel
itself to prosperity on the ruins O.
its taxpayers, and it was in accord.
ance with these purposes that w
have sought new revenues to equalizt
the diminishing income of the gov
ernment in order that the power O.
the federal government to meet thu
Emergency should be impregnable.
1t is in accordance with these prin.
clples that we have joined in the de.
Ivelopment Of world economic con.
ference to bulwark the whole inter.
national fabric of finance, monetar,
values. and the expansion of world
commerce.
1t is In accordance with these prin-
clples that 1 am today organizing the
private industrial and financial re-
sources of the country to cooperate
effectively with the vast govern
mental inStrumentalities which we
have in motion. SO that through their
united and coordinated efforts we
may move from defense to powerful
attack upon the depression along the
whole national front.
In Action Now
These programs. unparalleled in
the history of depressions in any
country and in any time, to care for
distress. to provide employment, to
AID agriculture, to maintain the fl
nanclal stability of the country, to
safeguard the savings of the people.
10 protect their homes, are not in the
past tense-they are in action. I
shall propose such other measures.
puollc and private, as may be neces-
sary from time to time to meet the
changing situations and to further
speed economic recovery. That re-
covery may be slow, but will succeed.
ana come what may, I shall main
tain through all these measures the
sanctity of the great principles under
which the republic over a period of
LOU years has grown to be the great
! est nation on earth,
should like to digress for one in
slant Tor an observation on the past
three years which should exhilarate
the faith of all Americans-that is
the profound growth of the sense Of
socla! responsibility which this de-
preston has demonstrated.
NO government in Washington has
hltherto considered that it held so
oroao responsibility for leadership
M sucn times. Despite hardships, the
devotion OF our men and women tn
thoSe In distress is demonstrated hv
the national average of infant NOR
.aH1y' general mortality and sick
ness which are less today than in
timeS OF prosperity. For the first
Time in the history of depressions
dividends, profits, and cost of Iivinn
nave been reduced before wages have
suffered. We have been more free
rom industrial conflict thro ug h
strikes and locEouts and all forms
VI social disorder than even in nor
maj times. The nation is buildino
the initiative of men toward nov,
Iielcs OF social cooperation and on.
deavor. " Gil
30 much for the great nationa,
emergency and the principles of gov
eminent for which we stand and tbo,-
taken. -1"'e
1here are national policies wider
tiiah the emergency. wider than the
economic horizon. They are set forth
IN our platform. Having the respor-
cloilty OF this office, my views upon
.hem are clearly and often set out in
the pubic record. I may, however.
summarize some of them.
For Protective Tariff
l. l am squarely for a protective
tarl1l. 1 am against the proposal of
a competitive tariff for revenue" as
advocated by our opponents. That
would place our farmers and our
workers IN competition with peasant
ana SWeated labor products.
z. l am against their proposals tn
destroy the usefulness of the bi-nar-
tlsan tariff commission. the estab-
lishment of whose effective powers
we secured during this administration
! 70 years after it was first advocated
by President Theodore Roosevelt.
That lnstrumentality enables us to
correct any injustice and to readjust
the rates OF duty to shifting economic
change without constant tinkerinc
and orgies of log-rolling in congress-
II our opponetns will descend from
vague congratulations to any particu-
lar schedule. if it be higher thac
necessary to protect our people or in
sufficient for their protection. it can
be remedied by this bipartisan COM
mission.
3. My views hi opposition to cam
collation. OF war debts are a matter Of
detailed record in many public state
ments and recent message to the
congress. They mark a continuity Of
that policy maintained by my prede-
cessors. I am hopeful of such dras-
! tic reduction of world armament as
will save the taxpayers in debtor
countries a large part of the cost of
their payments to us. If for any par
ticular annual payment We were Of
fered some other tangible form of COM
pensation. such as the expansion Of
markets for American agriculture and
labor, and the restoration and main
tenance of our prosperity, then am
sure our citizens would consider such
a proposal. But it is certainty that
these debts must not be Cancelled or
the burdens transferred to our people
4. insist upon an army and
navy OF a strength which guarantee;
that no foreign soldier will land on
American soil. That strength is rela-
tive to other nations. favor every
arms reduction which preserves thar
re,a tiNnShiO