Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-03-10

forms of transportation and OF
communications and other utilities
which have a definitely public
character. There are many ways
in which it can be helped, but it
can never be helped merely by
talking about it. We must act
and act quickly.
Finally, in our progress toward
a resumption of work We require
two safeguards against a return of
the evils of the old order; there
must be a strict supervision Of all
banking and credits and invest
ments; there must be and end to
speculation with other peoples
money, and there must be provision
for an adequate but sound curren-
cy.
r'These are the lines of attack,
l shall presently urge upon a new
Congress in special session detailed
measures for their fulfllment, and
/ shall seek the immediate assistance
of the several States.
Through this program of action
we address ourselves to putting our
own national house in order and
making income balance outgo. Our
international trade relations, though
vastly important, are in point of
time and necessity, secondary to
the establishment of a sound IA
tiona1 economy.
II favor as a practical policy the
putting of first things first. | shall
spare no effort to restore world
trade BY international economic re
adjustment, but the emergency at
home cannot wait on that accom-
plishment.
1.-The basic thought that guides
these specific means of national re-
covery is not narrowly nationals
tic. 1t is the insistence, as a first
consideration, under the interde-
pendence of the various elements in
parts of the United States
recognition Of the old and perman-
emily important manifestation of
the American spirit of the pioneer.
1t is the way to recovery. 1t is the
immediate way. 1t is the strongest
assurance that the recovery will en-
dure.
GOOD Neighbors'
"In the field of world policy
would dedicate this nation to the
policy of the good neighbor-the
neighbor who resolutely respects
himself and because he does so, re-
spects the rights of others-the
neighbor who respects his obliga-
tons and respects the sancrity Of
his agreements in and with a world
of neighbors.
IF | read the temper of our peo-
pie correctly we now realize as we
have never realized before our in
terdependence On each other; that
we cannot merely take bue we
must give as we'll, that if we are to
go forward we must move as a
trained and loyal army willing to
sacrifice for the good of a common
discipline, because without such
discipline no progress is made, no
leadership becomes effective.
W. are, l know, ready and will
ing to submit our lives and pro-
perty to such discipline because it
makes possible a leadership which
aims at a larger good. This I pro-
pose to offer, pledging that the lar
ger purposes will bind upon us all
as a sacred obligation with a unity
of duty hitherto evoked only in
time of armed strife.
Takes Leadership
with this pledge taken, I as
sumo nnhesitatingly the leadership
of this great army of our people
dedicated to a disciplined attack
upon our common problems.
"Action in this image and to this
end is feasible under the form OF
Government which we have inhe-
rited from our ancestors. Our
Constitution is 20 simple and prac
teal that it is possible always to
meet extraordinary needs by chan
ges in emphasis and arrangement
without loss OF. essential form.
"That is why our Constitutional
system has proved itself the most
superbly enduring political mech
anism the modern world has pro-
duced. 1t, has met every stress of