The Waterbury Democrat., 1933-03-04
Presidents Inaugural Address

Washington, March 4-UP)-
 The text of President Rooscvelt's
 inaugural address was as fol-
 lows:
 'I am certain that my fellow
 Americans expect that on my in-
 tductiOn into the presidency |
 Hill address them with a candor
 and decision which the present
 situa atiOn of our nation impels. ! This Is precminently the time to < speak the truth. the whole truth. 2 frankly and boldly. Nor need we : sL rink from honestly facing con- q dit,Ons in our country today. This | great nation will endure as it has < endured, will revive and will 5 prosper. So first of all let me assert my firm belief that the ONly thing we have to fear is fear g itself. - nameless. unreasoning. ! u,njustified terror which paral- yze's needed efforts to convert re- ' treat into advance. In every dark hour. of our national life a lead 2 crship of franEncss and vioor has z met with that understanding and \ support of the people themselves z which is essential to victory. | z 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 \ difficulties. They concern, thank ! God, only material things. Values . have shrunken to fantastic lev { clD; taxes have risen: our ability 2 to pay has fallen: government of ]. all kinds is faced by serious cur {, tailment of income; the means of Y exchange are frozen in the cur : rents of trade: the wlthered F leaves of industrial enterprise lie on every side: farmers find no
 !, markets for their produce: the < savings of many years in thous- x ands of families are gone. < More important, a host of un- z employed citizens face the grim . problem of existence, and an s equally great number toll with < little return. Only a foolish op- ' timist can deny the dark realities ' of the moment.
 7 Yet our distress comes from as no failure of substance. We are : stricken by no plague of locusts. < Compared with the pcrilS which < our fOrefatherS conquered be- !. cause they believed and were not a afraid. we have still much to be $t thankful for. Nature still offers q her bounty and human efforts
 have multiplied it. Plenty is at
 2 our doorstep, but a generous use ts of it Ianguishes in the very sight sA of the supply. Primarily. this is v because the rulers of the cN-
 change of mankind's goods have \ fail~i through their own stub- z Eornncss and their own incOm- < pctence. have admitted their tt failure and abdicated. Practices 4 Of the interruptions money 'r changers stand indicted in the \ court of public opinion, rejected < by the hearts and minds of men. w True. they have tried. but z their efforts have been cast in < tho pattern of an OutwOrn tradi- is tiOn Faced by failure of credit 7 they have proposed only the | lending of more money. Stripped I of the lure of profit by which to q induce Our people to follow s their false leadership, they have ~g rcsortcd to eXhOrtatiOns. plead z ing tearfulIy for restored confi- < dencc. They know only the rules < of a generation of self-scckcrs. As They have no vision. and when sl there is no vision the people 7 perish.
 ; The money changers have fled ' from their high seats in the 4 temple of our civilization. We ' may now restore that temple to
 <, the ancient truths. The measure < of the restoration lies in the eX- < tent to which we apply social .a values more; noble than mere
 monetary profit.
 4 Happiness lies not in the mere < possession of money: it lies in z the joy of achievement, in the \ thrill of creative effort. The joy '. and moral stimulant of work no : longer must be forgotten in the 7 mad chase of cyanesccnt profits. < These dark days will bc worth all they cost us if. they teach < that our true destiny is not to 5 be miristered unto but minis ~ ter to ourselves and to our Y fellOw-men.
 E Recognition of the falsity of < material wealth as the standard < of success goes hand in hand
 with the abandonment of the
 7, false belief that public office and ,a high political position are to be r valued only by the standards of
 pride of place and personal pro-
 fit: and there must be an end to ! a conduct in banking and in bus {. mess which too often has given | to a sacred trust the likeness or ' calIous and selfish wrongdoing. ! Small wonder that confidence . languishes. for it thrives only ! on honesty, on honor. on the sacs'eGlness of obligations. on faithful protection. on unselfish performance; without them it cannot live. %