The Waterbury Democrat., 1933-10-23
ministration plans failed to achieve
 | the desired result,
Program of President

Program Of President In simple language, the presi- dent traced what already had been accomplished during the seven months of his national stewardship and what we hope to do. His pro- gra mcalls for the following
 1. Restored commodity price levels
 2. Control of the gold value of the domestic dollar.
 .. Establishment of a govern- ment market for gold in the United States.
 To proponents of immediate re- valuation of the dollar, he said:
 Some people are putting the cart before the horse. They want permanent revaluation of the dollar first. It is the governments policy to restore the price level first. l would not know, and no one else could tell, just what the permanent valuation of the dollar will be. To guess at a permanent gold valuation now would certain ly require later changes caused by later facts.
 "When we have restored the price level, we shall seek to estab- fish and maintain a. dollar which will not change it's purchasing aSd debt paying power during the suc- ceeding generation.
 Control Our Own Gold
 "Our dollar Is now altogether too greatly influenced by the acci- dents of international trade, by the internal policies of other na- tions and by the political disturb ances in other continents. There- fore the United States must take firmly in its own hands the control of the gold value of our dollar. This Is necessary in order to pre- vent dollar disturbances from swinging us away from our ulti- mate goal. namely, the continued recovery of our commodity prices.
 In discussing the creation of a market for gold in the United States, as Q step in the orderly re- alization of his commodity price program, Mir Roosevelt continued:
 AS a. further effective means to this end l am going to establish a government market for gold in the United States. Therefore, under the clearly defined authority of existing law, I am authorizing the Reconstruction Finance corpora tion to buy newly mined gold in the United States at prices to be determined from time to time after consultation with the secretary or the treasury and the president. Whenever necessary to the end in view, we shall buy or sell gold in the world market.
 My aim in taking this step is to establish and maintain contin- uous control.
 Policy, Not an Espedient
 "ThIs is a policy. and not an ex- pedient."
 MT Roosevelt who has repeatedly cited the necessity of increasing commodity prices renewed his drive in this direction with large section of the agricultural west and middle west clamoring for drastic action because of declines in the price of farm products.
 q do not hesitate to say" he said, in the simplest, clearest lan- guage of which I am capable, that although the price of many products of the farm have gone up and although many families are better off than they were last year. I am not satisfied either with the the extent of the rise, and that 1t is definitely a part of our ploicy to increase the rise and to extent it to those products which have as yet felt no benefit.
 If we cannot do this one way we will do it another. Do 1t, We will"
 Throughout MT Roosevelt's ad- dress, which was generally re- garded as oneof the most impor- tant pronouncements since he er- tered the White House. there ran a strong undercurrent of optimism, in regard to the ulti- mate success of his gigantic recov-
 Beating Unemployment
 Speaking of the strides made to- ward reducing the number of un. he observed:
 'In the early spring of this year there were actually and propor- more people out of work in this country than in any other nation in the world. Fair estimates showed 12 or 13 million unem- ployed last March.
 Among these, there were, Of course, several millions who could be classed as normally unem- who worked occa- when they felt like 1t, and others who preferred not to work at all. It seems, therefore, fair to say that there were about 10 mil- lions of our citizens who earnestly and in many cases hungrily. were seeking work and could not get 1t. Of these. in the short space of a few months, I am convinced that at least 100000 have been given | employmentA-or. saying it another