Evening star., 1933-01-20
MILLS POINTS WAY
TO WORLD REVIVAL
Gold Standard, Free Trade
and Debts Solution
Given in List.
BY the Associated Press

NEW YORK, January 2O.-A five
point governmental policy to lead US
out OF the wilderness in which we are
wandering" was presented by Secre-
tary of the Treasury Ogden L. Mills
last night at a dinner at the Town
Hall Club.
His program, which he declared es-
sential to maintain "the undeniable
progress that has been made in the
last - MONTHS included the fol-
lowing:
l. balanced budget
.. Settlement of foreign debts be-
tween now and June Is.
3. Sterilization with the help of
the United States of international eX-
changes by getting at least the COM
nercial and industrial countries back
on the only natural standard we un-
dcrstand-the gold standard
4 Removal of artificial barriers to
trade.
5. An easy money policy.
Mr.. Mills said that if this program
were adopted the United States would
get almost Immediately an expansion
of commercial activity which would
give a lift to the price level"
He described the plan as "a defini-
ton OF an orthodox way out, having
MS its objective the free exchange of
goods with countries throughout the
world. because it is through exchange
that the world makes its living and
creates its wealth.
Opposes Paternalism.
Mr.. Mills was critical of another
read some people want to follow" He
said these people desire to solve
economic problems by arbitrary gov
.rnmental action that would produce
INCREASES in prices.
Mr.. Mills referred to differing eco
hcm1c opinions as "a suggested line of
Ilcavage apt to develop at an early date
in economic and political thinking"
adding
I'VE are still in the midst of a great
oppression 1t is still very difficult to
zee the end of the tunnel, but, unde-
nlably, great progress has been made
in the last II months 1t is also pretty
clear that a pretty definite program can
be followed today that think, will
lead US out of the wilderness in which
we are wandering at the present time"
Deploring the political system by
which "one defeat at the polls may in
terrupt a promising career" he said
the serious aspect Of this lay in the
1act that man may find himself cut
Gil from activities to which he has de-
voted a lifetime and find it difficult to
pick up where he left off in private life
This, he added, Is serious for the indi-
Nldual and from the standpoint of the
Service the public receives.
If single defeat must be avoided
at all COSTS" he said. "it means that it
places a premium on timidity in public
lie. q man cannot afford to travel too
Tar ahead of the crowd The greatest
weakness in public life today is timidity."
Mr.. Mills traced this defect ito the
gradual disintegration of parties through
the direct primary" which, he added
has prevented vigorous tackling of cur
rent problems. 1t is enormously diff
cult, he said, to have continuity of
policy, and almost impossible to deal
with national problems from a national
viewpoint.
Interests Conflicting,
:, AS long as We have national party
that could be DONE" he said but break
the party up, for instance, into 225 in
olvlduals, representing 225 parts of the
country, and all that is left is a conflict
OF sectional and local interests"
The President, said Mr.. Mills. is the
only person who has the right to speak
Tor the Nation, yet he must deal with
two legislative bodies in which party
cohesion is broken down so that he ad-
crosses himself to an aggregation OF
ndlVldualS.
He expressed hope-"not for the sake
OF the Democrats when that
party takes Office it will find itself
truly national party in both houses
capable OF carrying out under a Presi-
cent OF their own faith a truly ma
tional policy.
If there was anything wrong with
TINS election" he said at another point.
IL would be very unsatisfactory to me
AS lar as l know, it was the only sat-
asfactory election ever held in the United
States"
Mr.. Mills was presented a medal by
!he club for IAN accomplishment of
lasting merit" Francis H. Sisson, presi-
cent, referred to the Treasury head as
1he crown prince of the Republican
dynasty and referred to laurels for the
Living and lilies for the dead. Mr.. Mills
took this up
On this occasion" he said, there is
2 little of both. The medal is coming
tonight and the lilies on the 4th Of
Elarch. When the lilies are placed in
my hands, it will be 18 years since I
entered public service and just 25 years
since l entered politics from the back
OF car" '>
Views 1t as Symbol.
He viewed the medal, he said as y
symbol of whatever small contribu-
tlon have been able to make in those
years" 0'e
He spoke of "the misgovernment
which the citizens of New York are
confronted with and said he had no
SPECIAL NOTICES.
ANNUAL, REPORT OF TIVE