Evening star., 1932-10-07
Text of Roosevelt Speech
Governor Says G. o. P. L, Making Pork Barrel Cam.
paign, Seeking to Gain Farm Vote by
Belated Promises. III -

Ing. ana II Is my nope tnaC inter-
ference of Government to bring about
such stabilisation can be kept at a
minimum, limiting itself perhaps to q
wise dissemination of information.
The other factor Is that whenever
income IN any great group in the popu-
lation becomes so dispropOrtionate as
one group, the balance of economic life
Is thrown out Of order. 1t Is a proper
concern of the Government to use wise
measures of regulation such as will
bring this purchasing power back to
normal. This emergency exists among
the farmers in the Nation today and
have not hesitated to say that the Gov
eminent owes q duty with respect to
the restoration of their purchasing
power.
Other industries have problems which,
in many essentials are similar to those
of agriculture, and they ought to be met
in similar ways. Most Of the other in
dustries are more highly integrated,
however, and their planning policies are
frequently further advanced. spoke OF
two categories of those who are suf-
fering the worst of contemporary dis
tresses. Besides the farmers. there are
the workers in other industries.
Greater Assurance Of Safety.
We need for them a greater assur-
ance of security. Old age, sickness and
unemployment insurance are minimal
requirements in these days. But they
arc not enough. Whether We are think
Ing of the heart-breaking problem OF
present distress and of the possibility Of
preventing its recurrence in the future,
or whether We are merely thinking
about the prosperity and continuity Of
industry itself, we know now that some
measures of regularization and planning
for balance among industries and for
envisaging production as a natural ac-
tivity must be devised. We must set
up some new objectives: we must have
new kinds of management. Business
must think less of its own profit and
more of the national function it per
forms. Each unit of 1t must think Of
itself as part Of a greater whole, one
piece in large design.
believe with all my heart that busi-
ness and professional men have high
sense of their responsibilities as Amer
public welfare. Therefore, ! am conf
dent that they will 60 along with me
in working whele-heartedly toward the
national good in the broadest sense of
that term.
On more word to you. my friends. 1t
Is true thai many business men have
been taught the glittering generality
that high tariffs are the salvation of
American business. You and ! today
know the final absurdity of tariff so
high that it has prevented all outside
nations from purchasing American
made goods for the very simple reason
that because of our exclusive tariff they
could not pay us in goods and did not
have the alternative of paying US in
gold.
Trade and Foreign Policy.
remind you that for romantic ad-
venturings in foreign markets We eX-
pect and hope to substitute realistic
study and actual exchange of goods We
shall try to discover with each country
in turn the things which can be ex-
changed with mutual benefit and shall
seek to further this exchange to the
best of our ability. This economic in
terchange is the most important item
in any country's foreign policy. Out of
economic disputes arise the irritations
which lead to competitive armament
and are fruitful causes Of war. More
realistic mutual arrangements for trade,
substituted for the present system in
which each nation attempts to exploit
the markets Of every other, giving moth
ing in return, will do more for the peace
Of the world and will contribute more
to supplement the eventual reduction of
armament burdens than any other
policy which could be devised. And at
the same time it will make possible the
approach to national economic policy
at home which will have as its central
feature the fitting of production pro-
grams to the actual probabilities Of
consumption. At least, the issue will
no longer be confused by the impossible
which cannot now pay for our prod
ucts. There will no longer be that ex-
cuse for the overbuilding of American
industries. And they can begin the
process of accommodation to markets
on which they can count, which has
been too long delayed.
The relations between Government
and business will necessarily be in
process Of redefinition during the COM
ing years. said in a speech which
REDEEMED individualism in modern
terms, that business leaders are now
expected to assume the responsibilities
which accompany their power 1t
must be the policy of the Government
to see that they do it. A good deal
can be done in this way, especially if
We mobilize public opinion. 1t is a
way we must honestly try. The time
has come when industrial leadership
must serve the public interest I am
sure that you will not fail to approve.
Sees New Deal Demanded.
I have discovered in my journeying
that, as ] suspected, the American