The Waterbury Democrat., 1934-06-08

zen and his family through %. cial insurance.
 "This 10 not an untried experi- ment. Lessons of experience are available from states, from inc dugtrleg and from many nations of tho civilized world. The vari. ouB types of social insurance are interrelatod; and I think 1t iB dif. ncult to attempt to solve them plece.meal. Hence, 1 am looking for . sound means which 1 can recommend to provide at once security against several of the great disturbing factors in llfe-- especially those which relate to unemployment and old age. l believe there should Do q maxi. mum of cooperation between states and the federal govern. ment. 1 believe that the funds necessary to provide this lnsur. Rnco should be raised by contrl. button rather than by an in' crease in general taxation, Above all, 1 Am convinced that social insurance should Dc national in scope, although the several states should meet at least | large portion of the cost of management, leaving to the fed. eral government the responsi. bility of investing, maintaining and safeguarding the fund sen- stituting the necessary insurance reserves,
 Plans For Congress
 "T have commenced to make, with tho greatest Of care, the necessary actuarial and other studies necessary for the formu. Intion of plans for tho consld. orntion of tho 74th congress.
 "These three great objeetIvos --the security of the home, the security of livelihood, and tho Be' curity of social insurance are, it BoomB to mo, n minimum Of the promise that we can offer to the American people. They eonSti. ute right which belongs to every individual and every fam. fly willing to work. They nre tho essential fulfillment of meas. ures' already taken toward relief, recovery and reconstruction.
 "ThIs seeking for Q groator measure of welfare and hnppl. nos sdooB not indicate q change in values. It is rather G return to values lost in the course of our economic development and expansion.
 Ample scope iB left for the exercise of private initiative. In fact, in the process of recovery, l am greatly hoping that repeated promises that private investment and private initiative to relieve tho government In tho immediate future of much of the burden it has assumed will Do fulfilled. We have not imposed unduo rostrlcs tons upon business. We have not opposed tho incentive of reason. ablo and legitimate private profit. Wo have sought rather to enable certain aspects of business to regain the confidence of the pub. lie. Wo have sought to put for. ward tho rule of fair play in finance and industry.
 Critics Have No Remedy
 "it iS true that there arc n flow among us who would still go back. Thcso flow offer no Bubsti. tuto for the gains alrendy made, nor any hope for making future gains for human happiness. They loudly assert that individual lib. erty is being restricted by gov. ernment, but when they arc ask. cd whnt individual liberties they hnvo lost, they arc put to it to anBWer.
 "Wo must dedicate ourselves an0w to c recovery of the old and Baerod poBseBslvo rights for which mankind has constantly strug. glod--hom0s, livelihood, and in- divldual security. The road to theso values is the way of prog. Fog. Noither you nor I will rest content until we have dono our utmost to move further on that road.
 "FRANKLIN D. ROOSEVELT"