Evening star., 1933-03-21


speculation, holding companies and
national and international unity.
The Presidents inaugural address
forms the last chapter.
Remains Up to Date.
How completely was the Presidents
program worked out before he came
into office Is revealed In the fact that
in these days Of swift-moving public
policy to meet day-to-day conditions,
the book, written before he took Of
delay In its publication involved only
apparently minor editing before it was
finally allowed to 60 on sale.
It Is, as it stated in the introduction,
essentially > compilation from many
articles and speeches made prior to
March l, 1888. I have added parts
which bind the material together as a
whole"
In that introduction he says of his
plan Of looking forward:
I'VE must build toward the time
when a major depression cannot occur
again; and if this means sacrificing the
easy profits Of inflationist booms, then
let them go-and good riddance."
He calls for q complete reorganiza-
tion Of government, declaring:
AAASAC 40 SASAoS WV Az 4ACCCooAGy 40A
the vast army Of public officials we
carry on our backs"
He calls for the application of the
plan Of land utilization and State plan
ming which he instituted in New York
State to the entire Nation.
OF every mans right to have work to
do and opportunity to prosper, he says: {:
I'VE shall come to unemployment in
surance in this country just as Ger
tainly as we have come to workmen's s
compensation for industrial injury"
Gives Farm Program.
He calls for reorganization of the
Department of Agriculture as the first
step In broad plan for bettering the
condition of the farmer. Other meas
ures he calls for would reduce farm
taxation, provide for a policy of
planned use Of the land, and would do
away with the unsuccessful legislation
which sought to stabilize the prices of
farm products.
OF the concentration of wealth In the
hands of few, he says:
DO what We may to inject health
into our ailing economic order, we can
not make 1t endure for long unless We
can bring about a wiser, more equitable
distribution Of national income"
Drawing As an example the collapse
Of the "Insull Empire" he calls for
true regulation Of the power resources
Of the Nation" but does not advocate
Government ownership.
True regulation" he says, "is for
the equal benefit Of the consumer and
the investor. and the only man who will
suffer from true regulation Is the specu-
lator or the unscrupulous promoter who
levies tribute equally from the man who
buys the service and from the man who
invests his savings in this great in
dustry."
Further, he says:
II do not hold with those who advo-
cate Government ownership or Govern
ment operation of all utilities. As q
broad, general rule, the development of
utilities should remain, with certain ex-
ceptions. function for private initia-
tive and private capital. But the ex-
ceptions are of vital importance, local,
State and national. and believe that
people Of this country will agree with
me-"
Holds Railroads Vital.
Holding that the railroads Of the
country still have vital part In the
economic life Of the country. he calls
for the same Federal supervision for
trucks and busses as exists for the rail-
roads
The railroads themselves. he says
must clean house. get their financial
set-ups Strengthened out and 'in gen
eral, corrective measures must be
adopted making for . sounder financial
structure"
He calls for effective action to re-
verse the disastrous" tariff policies Of
the last folIr wears
OF the state of the law courts Of the
country, he says:
1T is a matter of common knowledge
that justice has not been adequately
provided Moreover, in q time OF eco
nomic distress such as this. the multi
plication Of legal actions involving debts
increases. The necessity for relief Is
accentuated. ,
Under the head of Banking and
Speculation" he has this to say:
I'VE must get back to the first princi-
ples. We must make American indi-
vidualism what 1t was intended to be
equality Of opportunity for all. the right
OF exploitation for none.
Cites Finance Evils.
The evils which have grown up with
The "holding companies" he declares.
must be corrected "if we are to square
. way for sound progress in many
lines OF business" He proposed definite
control to guard against the gross
irregularities and gigantic losses which
have occurred In the past.
On the international situation he has
this to say:
success in a practical program limit
ing armaments. abolishing certain In
struments of warfare and decreasing the
offensive Of attacking power Of all
nations will, in my judgment, have
very positive and salutary influence on
debt and economic discussions"