The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-01

fOortinued Prom Page Onel
at a fair profit. These government
tai and industrial developments
hold promise Of new achievements
for the nation"
President Roosevelt promised in
ferentially that the New Deal
agencies would continue TO operate
for the betterment OF American
civilization
Men may differ as TO the partic-
ular form OF governmental activity
with respect 20 industry and bust
ness" he said. but nearly all are
agreed that private enterprise in
times such as these cannot be left
without assistance and without rea-
sonable safeguards lest it destroy
not only itself but also our processes
Of civilization"
He said that his first great task
after March. 1893. was 70 save the
country's banking system. This was
done. he said. and then the New
Deals efforts we're directed 20 help
ing railroads. insurance companies
and finally homes owners and in
dustry itself.
In ali OF these efforts the gov
eminent has come 10 the assist
ance of business, and with the full
expectation that the money used
to assist these enterprises will even
tually be repaid. he said. L believe
1t Will-"
Discusses Recovery Problem
The second step 10 restore nor
NAL business. he continued. was to
clean up thoroughly unwholesome
conditions in the field Of invest
ment."
The President discussed frankly
the problems Of the national re-
COvery administration. told how 1t
was TO be reOrganized and paid
tribute to the able and energetic
leadership Of General Hugh S. John
son, recently resigned as recovery
administrator.
He admitted that the heavy in
dustries had not progressed as rapid
ly as general business, but said there
was no magic formula nor economic
panacea which could revive them
overnight.
Nevertheless the gains Of trade
and industry, as a whole, have been
substantial" he said
We count. in the future as in the
past. on the driving power Of in
dividual initiative and the incentive
Of fair private profit. strengthened
with the acceptance Of those obliga-
tons to the public interest which
rest upon us all" he added. I'VE
have the right 10 expect that this
driving power will be given patriotic
ally and whole-heartedly to our ma
ton
Defends Expenditures
II is time now. he said. to review
the works of the NRA to determine
whether its emergency decisions
nave been best calculated to pro-
mote Industrial recovery and a per-
mane1t improvement of business
and labor conditions"
Mr.. Roosevelt defended heatedly
tie expenditures of the public works
q .ministration in putting men back
L. work
To chose who say that our ex-
penditureS for public works and 9TH
or means for recovery are a waste
that We can not afford, 1 answer
that no country. however rich. can
afford the waste of Its human re-
sources" he said. Generalization
caused by unemployment is our
greatest extravaganza.
"MeI--i7 1t is the greatest men,
ace to our social order. Some peo-
pie try to tell me that We must
make up our minds that for the
future we shall permanently have
millions of unemployed. Just as
other countries have had them for
a decade What may be necessary
for those countries is not my re-
sponsibility to determine.
Unemployment Not Necessary
But as for this country. I stand
or fall by my refusal to accept as
a necessary condition of our future
a permanent army of unemployed.
=. do not want to think that it
is the destiny of any American to
remain permanently on the relief
rolls
The President said it was fortu-
nate that those who are fright
ened by bOldneSS and cOwed by the
necessity for making decisions" are
few in number
Now that these people are COM
ING out OF their storm cellars. they
forget that there ever was a storm"
he said They point TO England.
They would have you believe that
England has made progress out of
her depression by a dO-nOthing pol
icy. by letting nature take her
course"
He said he did not believe any
one could accuse England Of undue
orthodoxy" IN the present emergency
and listed the many recovery moves
made by the British government.
1t is perhaps not strange that the
conservative British press has told
us with pardOnable irony that much
Of our New Deal program Is only
sn attempt 70 catch up with English
reform that 60 back ten years or
more" he commented.
The President concluded his ad-
dress with an ironical observation
Of his own. saving that he was not
favorable 10 a return 10 that def
milton Of liberty under which for
many years a free people were being
gradually regimented into the Serv-
ice Of the privileged few"
I prefer" he said. and I am
sure that YOU prefer. that broaded
definition Of liberty under which
which we are moving forward TO
greater freedom. TO greater security
for the average man than he has
even known before in the history Of
the nation"
HAP phSCENEER HIIRT