The Washington times., 1933-03-04
Continued from Page -

wV4As
After saying at the outset tina
the American people have righ
% frank discussion Of the presen
situation, he said:
"This great nation will en-
dure as it has endured, will
revive and prosper.
"The only thing we have to
fear is fear itself-nameless
unreasoning, unjustified terror
which paralyxeS needed efforts
to convert retreat into ad-
vance"
Banking Reform
The new President served franl
notice that his Administration
proposes to 60 after banking re
forms at the earliest possible oc
casion. He said:
practices Of INSCRIPTIONS
money changers stand indicted
I'm the court Of public opinion
and rejected in the hearts and
minds Of men.
"True, they have tried, but
their efforts have been cast in
the pattern Of OutwOrn tradi-
tiOn.
Faced by failure of credit,
they have proposed only the
lending Of more money. Stripped
of the lure of profit by which
to induce our people to follow
their false leadership, they have
resOrted to exhOrtatiOns, plead
ing tearfuIly for restored conf
dence.
'They have no vision, and
where there is no vision the
people perish.
'"The money changers have
fled from their high seats in the
temple Of our civilization. We
may now restore that temple to
the ancient truths.
Hits Selfishness
There must be an end to q
conduct in banking and bust
ness which too often has given
to q sacred trust the likeness
of callouS and selfish wrOngdO-
ing.
"Small wonder that conf
dence languishes, for it thrives
only on honesty, on honor, on
the sacredness of obligations, on
faithful protection, on unselfish
performance, without them it
cannot live" :.
The most immediate task con
ronting the new Administration
he said, "is to put people tt
work."
This problem, he declared, il
not unsolvable if we face it wisely
and courageously.
DECLARES for Action
On this task, he said, we must
act and act quickly.
The new President touched
only briefly on international
problems. He announced his in
tention of seeking restoration OF
foreign trade but grave domestic
conditions must command first
attention.
Mr.. Roosevelt declared he be
Aeved the present temper of the
people is for unified action on q
wartime basis. He said:
I'VE are, / know, ready and
willing to submit our lives and
property to such discipline be-
cause it makes possible q lead
ership which aims at q larger
good.
"FOr the trust repOsed in me
! will return the courage and
the devotion that befit the
time. I can do no less.
1--WE face the arduOus DAYS
that lie before us in the warm
courage of natiOual unity; with
the clear consciousness of seek
ing old and precious moral
values; with the clean salts
faction that comes from the
stern performance of duty by
old and young alike. We aim
at the assurance of rounded
and permanent national life.
'MAY GOD GUIDE ME"
eve do not distrust the
future of essential democracy.
The people of the United States
have not failed. In their need
they have registered q man
date that they want direct
vigorous action. They have
asked for discipline and direc-
tfOn under leadership. They
have made me the present in
strument of their wishes. In
the spirit of the Gift take it.
I'm this dedication of q
nation we humbly ask the
blessing Of God. May he pro-
tect each and every one of us.
May he guide me in the days
to come"
At no part in his inaugural
addreSs-one of the briefest on
record-did the new President
propose specific steps toward ma
tional recovery. That, he held,
could await the early assembly
of the new Congress and his
first message to it.
Immense Crowd
It was a magnificent spectacle
that greeted Mr.. Hoover and
Mr.. Roosevelt as they emerged
from the Capitol proper and
walked slowly out on the plat.
form. Spread out fanwiSe' be.
fore them was q vast panorama
of humanity-100,00O in all
huddled in overcoats and furs
against the chill March winds.
The sun was shining when they
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