Evening star., 1932-10-05

has become more acute. There must
be more effective relief. In 1t lies a
primary social problem. I conceive that
in this civilization Of ours, and more
particularly under our distinctive Amer
lean system, there is one primary neces-
sity to its permanent success. That Is,
we must build up men and women In
their own homes. on their own farms,
where they may find their own security
and express their own individuality. "A
nation on such foundations is nation
where the real satisfactions OF life and
happiness thrive. and where real free
dom of mind and aspiration secure that
individual progress in morals, In spirit,
and accomplishment, the sum OF which
makes up the greatness OF America.
Some will say this is mere ideal.
am not ashamed OF ideals America
was founded upon them, but they must
be the premise for practical action.
And for prompt and practical action
I have, during the past month, secured
definite and positive steps in co-ordina-
tion of the policies not only of the Fed
eral agencies, but the important private
mortgage agencies as we'll These agen-
cies have undertaken to give their help.
But further and more definitely than
this, I shall propose to Congress at the
next session that We further reorganize
the Federal Land Banks and give to
them the resources and liberty Of action
necessary to enable them definitely and
positively to expand in the refinanc-
ing of the farm mortgage situation
where it is necessary to give men who
want to fight for it chance to hold
their homes.
World Economic Farley.
l cannot overemphasize the impor-
tance CT the element Of world stability
in the recovery and expansion Of our
agricultural markets This involves the
promotion Of good will. Of disarmament
and of maintained peace 1t requires
the rebuilding OF the credit structure
within nations which have been forced
off the gold standard or compelled to
restrict exchange. Until, that is done
there is a definite blockade upon the
movement of commodities and upon the
market for your products We have
given aid in these things. That We may
get to grips with these questions in the
interest OF our agriculture and our in
dustrv and in the interest OF world
progress. l am participating in the or
ganizaticn of a world economic confer
ence TO be held late this year. Every
intelligence the world can command
Will De concentrated Otl lllc lclldUlHJd-
tion of economic stability.
] shall send a representative OF agri-
culture es a member Of that world eco
nomic conference
And in connection with agriculture
I may mention the question OF war debts
I do not approve cancellation OF these
debts / certainly do not approve the
proposal of our opponents to lower our
tariffs in order that by profits gained
from a food of goods into the United
States this debt should be transferred
to our workers by putting them out Of
employment and to our farmers by fore
ing their produce to rot in their barns.
In my acceptance address I stated
the exact reverse of this proposal. l
said: If for some particular annual
payment We are offered some other
tangible form of compensation, such
as the expansion Of markets for Ameri-
can agriculture and labor and the resto-
ration and maintenance OF our pros
perity then am sure our citizens would
consider such a proposal"
l am prepared to go further. I am
prepared to recommend that any an
nual payment on the foreign debt be
used for the specific purpose of secur-
ing an expansion of the foreign markets
for American agricultural products.
There is Justice in that. for the diff
cultieS inherited from the war are part
of your difficulties today. That is
proposal of more importance to the
farmer than any panacea.
CareraI na0atior ualt>d