The Waterbury Democrat., 1933-05-17

monopolistic price fixing. They should certainly be retained as q permanent assurance that the old evils of unfair competition shall never return. But the public in terest will be served if, with the authority and under the guidance of government, private industries are permitted to make agreements and codes insuring fair competi- tion. However, it is necessary, if We thus limit the operation of anti trust laws to their original purpose to provide rigorous licensing power in order to meet rare cases of non-cooperation and abuse. Such a safeguard is indispensable.
 The other proposal CD gives the executive full power to start a large program of direct employ ment. A careful survey convinces me that approximately $3,300,00O,- 900 can be invested in useful and necessary public construction, and at the same time put the largest possible number of people to work.
 Provision should be made to per- init states, counties and municipal ities to undertake useful public works, subject, however. to the most effective possible means of eliminating favoritism and waste full expenditures on unwarranted and uneconomic projects.
 We must, by prompt and vigor- ous action, override unnecessary Instructions which in the past have delayed the starting of public works programs. This can be &C., complished by simple and direct procedure.
 !, In carrying out this program it is imperative that the credit of the United States government be pro- tected and preserved. This means that at the same time we are mak- ing these vast emergency eXpendi- lures there must be provided suffi- cient revenue to pay interest and am ortiZation on. the cost and that the revenues so provided must be adequate and certain rather than inadequate and speculative.
 Careful estimates indicate that at least 220,00O.000 of additional revenue will be required to service the contemplated borrowings of the government. This will of ne- cessity involve some form or new forms of taxation. A number of suggestions have been made as to the nature of these taxes. do not make specific recommendation at this time. but I hope that the com mittee on ways and means, of the house of representatives, will make q careful study of the revenue plans and be prepared by the be- ginning of the coming week to pro- pose the taxes which they judge to be the best adopted to meet the present need mad which will, at the same time. be least burdensome to our people. At the end of that time. if no decision has been reached, or if the means proposed do not seem to be sufficiently ad- equate or certain, it is my inten- ton to transmit to the Congress my own recommendations in the matter.
 The taxes to be imposed are for the purpose of providing re-em- ployment for our citizens. Provis- ions should be made for their re- duction or elimination
 First-as fast as increasing re- venues from improving business becomes available to replace them:
 Second Whenever the repeal of the 18th amendment now pend- ing before the states shall have been ratified and the repeal of the Volstead act effected. The pre- prohibition revenues laws would then automatically go into effect and yield enough wholly to elim- mate these temporary re-employ- ment taxes.
 Finally, I stress the fact that all of these proposals are based on the gravity of the emergency and that therefore it is urgently neces- sary immediately to initiate a re- employment campaign if we are to avoid further hardships to sus- tain business employment and to pass on to better things.
 For this reason I urge prompt action on this legislation.
 Franklin D. Roosevelt.