The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-03-04
FEAR ITSELF only
Thing WE HAVE TO
FEAR, He DECLARES
Rulers Of Exchange Of Man.
kinds Goods Have Failed,
New Executive Says
IS CONFIDENT OF SUPPORT
: Paints Gloomy Picture But Be.
lieves Frankness, vigor
Will Bring Victory

text Of President Roosevelt's inaug-
ural address follows:
IT am certain that my fellow Amer
leans expect that on my induction
into the presidency I will address
them with candor and q decision
which the present situation OF our
nation impels.
"This IS pre- eminently the time to
speak the truth, the whole truth,
frankly and boldly. Nor need We
shrink from honestly facing condi-
lions In our country today. This
great nation will endure as it has en-
dured, will revive and will prosper.
So first OF all let me assert my firm
belief that the only thing we have
to fear is fear itself-namelesS, un-
reasoning, unjustified terror which
paralyzes needed efforts to convert
retreat into advance.
I'm every dark hour Of our ma
tional life q leadership Of frankness
and vigor has met with that under
standing and support of the people
themselves which is essential to VIC
tory. I am convinced that you will
again give that support to leadership
in these critical days.
In such spirit on my part and
on yours, we face our common diff
culties. They concern, thank God,
only material things. Values have
shrunken to fantastic levels; taxes
have risen; our ability to pay has
fallen; government of all kinds is
faced by serious curtailment of in
come: the means of exchange are fro
zen In the currents of trade; the
withered leaves of industrial enter
prise lie on every side: farmers find
no markets for their produce; the
savings Of many years in thousands
Of families are gone.
Mentions Unemployment
More important, a host of unem-
ployed citizens face the grim prob
lens OF existence and an equally
great number toll with little return.
Only a foolish optimist can deny the
dark realities of the moment.
yet our distress comes from no
failure Of substance. We are stricken
by no plague of locusts. Compared
with the perils which our forefathers
conquered because they believed and
were not afraid, we have still much
to be thankful for. Nature still Of
ferS her bounty and human efforts
have multiplied 1t. Plenty is at our
doorstep but a generous use of it Ian
guishes in the very sight Of the sup
ply.
Primarily, this is because the
rulers Of the exchange of mankinds
goods have failed through their own
stubbornness and their own incompe-
tence, have admitted their failure and
abdicated. Practices of the unscru-
pulous money changers stand indicted
In the court of public opinion. re-
jected by the hearts and minds of
men.
True. they have tried, but their
efforts have been cast in the pattern
OF an outworn tradition. Faced by
failure Of credit. they have proposed
only the lending of more money.
Stripped of the lure OF profit by
which to induce our people to follow
their false leadership. they have re-
sorted to exhortations, pleading tear
FULLY for restored confidence. They
know only the rules Of a generation
Of self-seekers. They have no vision,
and when there is no vision the peo-
pie perish.
Money Changers Flee
The money changers have fled
from their high seats in the temple
Of our civilization. We may now re-
store that temple to the ancient
truths. The measure OF restoration
iies in the extent to which We apply
social values more noble than mere
monetary profit.
Happiness lies not In the mere
possession Of money; it lies in the Joy
Of achievement, in the thrill of crea-
tive effort. The Joy and moral stimu-
lation Of work no longer must be for
gotten.in the mad chase of evanescent
profits. These dark days will be worth
all they cost us II they teach us that
our true destiny is not to be minis
tered unto but to minister to our
selves and to our fellowmen.
Recognition of the falsity of ma
tertal wealth as the standard of sue
cess goes hand in hand with the
abandonment Of the false belief that
public office and high political po-
sition are to be valued only by the
standards Of pride Of place and per-
soaaal profit: and there must be an
end to . conduct In banking and in
business which too often has given to
= sacred trust the likeness Of callous
and selfish wrongdoing. Small won
Ger that confidence languishes. for It
thrives only on honesty, on honor, on
the sacredness Of obligations, on
faithful protection and on unselfish
performance. Without them 1t can
not live.
Nation Asks Action
Restoration calls, however, not for
changes In ethics alone. This nation
asks for action, and action now.
Our greatest primary task Il to
put people to work. This Is no IN
solvable problem II We face It wisely
and couraseously. It can be accom-.
plished In part BY direct recruiting
BY the government itself, treating thu
task - We would treat the emergenc,
Of . war. but ct, the same time
through this employment accomplish.
Ing greatly needed projects to stimu.
late md reofganise the use of oul
neturAl resources.
stIHav.A 4. heSA ~,ats. 49,. -