The Washington times., 1934-01-03
HELP FROM BOTH PARTIES,
ASKED BY ROOSEVELT
IN HIS MESSAGE

furtherance of monopoly and in
restraint Of trade, while at the
same time we seek to prevent
ruinous rivalries within indus
trial groups which in many
cases resemble the gang wars
of the underworld and in which
the real victim in every case is
the public itself.
Under the authority Of this
Congress, we have brought the
component parts Of each indus
try together around a common
table, just as we have brought
problems affecting labor to
a common meeting ground.
Though the machinery, hurried
ly devised, may need readjuSt-
ment from time to time. never
theless I think you will agree
with me that we have created q
permanent feature Of our mod
ernized structure and that it
will continue under the super.
vision but not the arbitrary die
tation of government itself.
Home Owners Rescued
You recognized last spring
that the most serious part Of
the debt burden affected those
who stood in danger Of losing
their farms and their homes.
I am glad to tell you that re-
financing in both Of these cases
is proceeding with good success
and in all probability within
the financial limits set by the
Congress. =.
But agriculture had suffered
from more than its debts.
Actual experience with the op-
Grafton of the Agriculture Act
leads to my belief that thus far
the experiment Of seeking 2
balance between production and
consumption is succeeding and
has made progress entirely in
line with reasonable expectar
tions toward the restoration OF
farm prices to parity. I con-
tinue in my conviction that in
dustrial progress and prosperity
can only be attained by bring
ing the purchasing power OF
that portion of our population
which in one form or another Is
dependent upon agriculture up
to a. level which will restore q
nroner balance between every
section Of the country and
every form of work.
In this field, through care
fully planned flood control,
power development and land use
policies, in the Tennessee Valley
and in other great watersheds,
we are seeking the elimination
of waste, the removal Of poor
lands from agriculture and the
announcement Of small local
industries, thus furthering this
principle of a better balanced
national life.
Cost Is Recognized
We recognized the great ulti-
mate cost of the application Of
this rounded policy to every
part Of the Union. Today we
are creating heavy obligations
to start the work and because
Of the great unemployment
needs of the moment. I look
forward, however, to the time
in the not distant future, when
annual appropriations, wholly
covered by current revenue, will
enable the work to proceed with
a national plan. Such a ma
tional plan will, in a generation
or so, return many times the
money spent on it; more i'm
portant, it will eliminate the
use of inefficient tools, conserve
and increase natural resources,
prevent waste and enable mil
lions of our people to take bet
ter advantage Of the opportun-
tiles which God has given our
country.
1 cannot, unfortunately, pre-
sent to you a picture of COM
plete optimism regarding world
affairs.
The delegation representing
the United States has worked
in close cooperation with the
other American republics assem-.
bled at Montevideo to make that
conference an outstanding sue.
cess. We have, I hope, made
it clear to our neighbors that