The Waterbury Democrat., 1934-10-01

we are bringing order out of the old chaos with 8 greater certainty of the employment of labor at q reasonable wage of more business at 8 reasonable wage and of more business at fair profit.
 These governmental and indus trial developments hold promise os new achievements for the nation" President Roosevelt promised inc ferentially that the new deal agen- cies would continue to operate for the betterment of American civil ization.
 Men may differ as to the par- ticuiar form of governmental ac- tivity with respect to industry and business" he said, but nearly all are agreed that private enterprise in times such as these cannot be left without assistance and without reasonable safeguards less 1t de- stroy not only itself but also our processes of civilization" He said that his first great task after March, 1888, was to save the country's banking system. This was done, he said, and then the new deals efforts were directed to help- ing railroads, insurance companies and finally home owners and in- dustry itself.
 "In all of these efforts the gov ernment has come to the assistance of business and with the full ex- pectation that the money used to assist these enterprises will event. ually be repaid" he said. T be- lieve it will" A The second step to restore nor. nal business, he continued, was ito clean up thoroughly unwhole- some conditions in the field of in- vestment." in that connection he observed:
 "Only small minority of the people of this country believe in gambling as a substitute for the old philosophy of Benjamin Frank lin that the new way to wealth is through work"
 The president discussed frankly the problems of the national recov- cry administration, told how it was to be reorganized and paid tribute to the able and energetic leadership of General Hugh $. Johnson, re- gently resigned as recovery admin istrator.
 He admitted the heavy industries had not progressed as rapidly 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 whole, have been substantial" he said. It Is time now, he said, to re- view the works of the NRA to de- termine whether its emergency de- cisions have been best calculated to promote industrial recovery and permanent improvement of busi-
 ness and labor conditions" MT Roosevelt defended heartedly the expenditures of the public works administration in putting men back to work.
 T stand or fall by my refusal to accept as a necessary condition of our future permanent army of unemployed. ...I do not want. to think that ik is the destiny of any American to remain perma- nently on the relief rolls" The president said it was for tunate 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 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 policy, by letting nature take her course"
 He said he did not believe any, one could accuse England of "un- due orthodoxy" in the present em- ergency.
 The president concluded his ad- dress with san ironicai observation of his own, saying that he was not favorable to a return to that definition of liberty under which for many years free people were being gradually regimented into the service of the priviliged few"
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