The Waterbury Democrat., 1933-03-04

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 unsOlvablc problem if we face it wisely and cOuragcously. It can be accomplished in part by direct recruiting by the gOvcrn- mcnt itself, treating the task as we would treat the emergency of war. but at the same time through this employment ac- complaining greatly needed pro- jccts to stimulate and reOrgan- sources.
 Hand in hand with this we must frankly recognize the Ovcr- balance of population in our in- dustriaI ccntcrs and, by cngag- ing on a national scale in. a re- distribution, endeavor to provide d 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 insistence that the federal, state and local gov crnmcnts act forthwith on the demand that their cost be dras- tically reduced. It can be helped by the unifying of relief activ- itics which to-day are often scattered, unccOnOmical and un- equal. It can be helped by na- tional planning for and supervi- sion of all forms of transpOrta- 7 tiOn' and of communications and other utilities which have a de- finitcly public character. There arc 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- ward 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 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. l shall presently urge upon q new congress in special. session detailed measures for their full fillmcnt, and I shall see the im- mediate assistance of the scver- al states.
 Through this program of ac- ton we address ourselves to put ting our own national house in order and making income bal ancc OutgO. Our international trade relations though vastly inn portant, are in point of time and necessity secondary to the es- tabiishmcnt of sound national economy. I favor as a pratical policy the putting of first things first. l shall spare no effort to restore world trade by interna- tional economic rcadjuStmcnt, but the emergency at home can not wait on that, accomplish mcnt. tI
 The basic thought that guides these specific means of national recovery is not narrowly natiOn- aIisttic. It is the insistence, as d first consideration. upon the interdepcndcnce OD the various elements in and parts of. the United Statcs-a recognition. of the old and permanently inn pOrtant manifestation of the American spirit of the pioneer. It is the way to recovery. It is the immediate way. It is the strongest assurance that the re- covery will endure.
 In the field of world policy I would dedicate this nation to the policy of the good neigh bor-the ncighbOr who resolutc- Iy respects himself and because he does so. respects the rights of OthcrS-thc neighbOr who re- spccts his obligations and re- SpcctS the sanctity of his agree ments in and with world of ncighbors.
 If I read the temper of our people correctly VIC now realize as we have never realized be- fore our interdepcndcncc on each other: that we cannot merely take but we must give as well. that if we arc to go for ward we must move as trained and loyal army willing to sacri- flee for the good of common discipline, because without such discipline no progress is made: no leadership becomes effective. We are. I know. ready and will ing to submit our lives and prOpperty to such discipline be- cause it makes possible d leader ship which aims at a larger good. This propose to offer. plrGsins that the larger pur- poses will tind us all as sac red obligation with unity U