The Waterbury Democrat., 1933-03-06

from their high seats in the 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 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 creative effort. The joy and moral stimulant of work no longer must be forgotten in the mad chase of cvanescent profits. These dark days will be worth all they cost us if they teach that our true destiny is not to be ministered unto but minis- ter to ourselves and to our fellOw-men.
 Recognition of the falsity of material wealth as the standard of success goes hand in hand with the abandonment of the false belief that public office and high political position are to be valued only by the standards or 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 callous and selfish wrOngdOing. Small wonder that confidence Ianguishes, for it thrives only on honesty. on honor, on the sacredness of obligations, on faithful protection, on unselfish performances; without them it cannot live.
 Restoration calls, however, not for changes In ethics alone. This nation asks for action, and action now.
 Our greatest primary task is to put people to work. This is no unsolvable problem if we face it wisely and cOurageOusly. 1t can be accomplished in part by direct recruiting by the gOvern- ment itself, treating the task as we would treat the emergency of a war, but at the same time through this employment ac- complaining greatly needed pro- jects to stimulate and reorgan- ize the use of our natural re- sources.
 Hand in hand with this we must frankly recognize the ovcr- balance of population in our in- dustrial centcrs and, by engag- ing on a national scale in a re- distribution, endeavOr to provide a better use of the land for those best fitted for the land. The task can be helped by definite efforts to raise the values Of agricultural products and with this the power to purchase the output of our cities. It can be helped by preventing realistic ally the tragedy of the growing loss through foreclosure of our small homes and our farms. It can be helped by insistencc that the federal, state and local gOv- crnments act forthwith on tho demand that their cost be dras- tically reduced. It can be helped by the unifying of relief activ- tiles which to-day are often scattered, unecOnomical and un- equal. It can be helped by na- tiOnal planning for and supervi- sion of all forms of tranSpOrta- tion and of communications and other utilities which have a de- finiteIy 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 to- .,.p tOn nR nVIr require two safeguards against return of the evils of the old order; there must be strict supervision of all banking and credits and investments: there must be an end to speculation with other peoples money, and there must be provisions for an adequate but sound currency. :,
 These are the lines of attack. shall presently urge upon Il new congress in special session detailed measures for their full fiIlment, and shall see the inn mediate assistance of the sever- al states.
 Through this program of ac- tion we address ourselves to put ting our own national house in order and making income bal ance outgO. Our international trade relations though vastly im- portant, are in point of time and necessity secondary to the es- tablishment of q sound national economy. I favor as u pratical policy the putting of first things first. shall spare no effort to restore world trade by interna- tiOnal economic readjustmcnt, but tine emergency at home can- not wait on that accomplish nlcnt.
 The basic thought that guides these specific means of national recovery is not narrowly nation aIisttic. Ii Is the insistcncc, us a first consideration, upon the interdependence of the various