Evening star., 1934-01-03
PRESIDENT URGES
NEW DEAL SPEED
Message to Congress Halls
Progress of Recovery.
Asks Crime War.
(COnJlnued From First Page.)

monetary policy which he has followed,
a policy which has stirred much dis
cuSSion throughout the country. He
| indicated a desire of eventual per-
manent stabilization of currency, but
he declared certain of the foreign ma
tionS feel unable to enter into Stabili-
zation discussions at this time.
Explains Gold Buying Aim.
with the twofold purpose Of
strengthening the whole financial struc-
ture and of arriving eventually at
medium of exchange which will have
over the years less variable purchasing
and debt-paying power for our people
than that OF the past" he said, i have
used the authority granted me to pur-
chase all American produced gold and
| silver and to buy additional gold in the
world markets. Careful investigation
and constant study proved that In the
matter OF foreign exchange rates GER
| tain of our sister nations find them
| selves SO handicapped by internal and
other conditions that they feel unable
at this time to enter into stabilizatiOn
| discussions based on permanent and
worldwide objectives."
The President pledged a continuance
| OF aid TO industry and agriculture
through the operation of the N r. A.
and A. A. A. He pledged. too the sup
port of the Federal Government fer the
| further relief Of the distressed and the
unemployed. A third pledge was to
grant greater protection to American
citizens from injuries by parasites and
| racketeers
Calls Record Shocking
Eve have been shocked by many
notorious examples Of injuries done our
| citizens by persons or groups who have
| been living off their neighbOrs by the
! use OF methods either unethical or
criminal" said the President. In the
first category-a field which does not
| involve violation of the letter of our
laws-practices have been brought to
! light which have shocked those who
! believe that We were in the past gen.
Grafton raising the ethical standards Of
! business They call for stringent pre-
Ventive or regulatory measures"
The President declared he was speak
| ing Of individuals who evaded the tax
laws. Of high officials of banks and
| corporations who have groTu rich at
| the expense If stockholders and the
public, and of reckless spectators.
Sees Palliative in Repeal.
| Other catego~ies. he said include
crimes of organized banditry, lynching
and kidnaping. These violations Of
| ethics and OF law. he said. call on the
Government for immediate suppress
sion and for an aroused public opinion.
The repeal Of the eighteenth amend
ment. he said. should give material aid
| in the elimination of new forms of
crime which grew out of Illegal traffic
in liquor.
Praises n. r. A. Results.
The President spoke in a n7ost hopeful
| way OF the progress made toward TecCV-
/ cry. calling attention TO the re-employ-
ment Of millions Of men and women and
| the abolition of child labor. the adop-
ton OF standard wages and uniform
hours of labor under the N. R A. AL
though the machinery adopted for the
new deal in industry has been hurrieo.ly
! devised, the President said I think you
VIII agree with me We have created a
! permanent feature Of our moderniZed
! industrial structure, but not the arbi-
/ trary dictation of Government itself"
| The President described his program
/ as an "integrated program, national in
/ scope" and declared that it came from
| the people themselves. He said that it
| is designed to save from destruction
! genuinely important values created by
| modern society. The vicious and waste
! full parts of that society could not be
| saved even if it was desired to save
/ them. Among those things marked for
the scrap heap. the President said, was
! the unnecessary expansion OF industrial
plants. the waste of natural resources.