The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1934-03-01
ROOSEVELT NEARING
END OF FIRST YEAR
IN SEAT OF POWER
History Of cycIonlc Attack on
Depression Is Given in
Brief Survey
FACED GRIM SITUATION
Order Brought Out Of Chaos by
Swift Moves on Many
Economic Fronts
by The Associated Press)

by The Associated Press)
Franklin Delano Roosevelt faced
100000 tense citizens March I, 1898,
In chill Washington wind.
It was Inauguration day hts
fingers touched the Bible he
was president.
Banks were closed. Presses rolled
scrip. The gold standard was fading.
Hoarders were watched. Business
stood still.
THE only thing we have to fear is
fear itself :"
The new president promptly con-
vened congress showered mes
Sages around its ears asked for
the most drastic peacetime powers in
history.
A year OF action had started.
Major messages in March:
March Control OF banks
"a continuation Of the strangulation
OF banking facilities is unthinkable. !"
March 10-Economy In government
|. 1T is too late for a leisurely
approach to this problem"
March l3-Beer IT deem &C.
ton at this time to be of the highest
Importance"
Need New Methods
March l6-Farm relief AN
unprecedented condition calls for the
trial Of new means to rescue agri-
culture"
March 2l-Unemployment relief
through direct grants to states and
through public works.
March 29-supervision of securities
sales 'let the seller beware
Congress baked slightly, but voted
him an almost free hand.
When beer came the WCTU warm
ed, beer makes women fat" The
first case sent to Roosevelt was given
to newspapermen.
He urged repeal. Michigan voted
first. Others rapidly okehed his rec
concentration.
April 3-MeSsage relief to
farmers from mortgages II
seek an end to the threatened loss Of
homes"
May III recommend two further
steps in our national campaign to put
people back to work"
That was the NRA with its blue
eagle and the $500, 000. 900 public
works program. It promised higher
wages, partnership Of government
and business, an end to unfair COM
petition.
The brain trust" modified, and
the iva was projected Is an expert
ment In social planning.
Price Rise Begins
To the world economic conference
in July he outlined Americas "inde-
pendent dollar" prices rose
. 1.-THE U. 8. is not ready for
sterilization" the dollar fell
managed currency plans were
laid ranks Of economists split
wide.
July TIA milestone textile |
code No. was effective. He caution
ed against overproduction. warned Of
the fall slump, appealed to the nation
to accept the blanket code.
August-Coal strikes, imitation
clamor, war In Cuba.
September-The coal code was sign |
ed.
October-"we have = long way to |
30. but we are on the way"
Then gold the RIG started
buying newly minded metal at high
er and HIGHER prices Ellr0ne
was mystified elementary text |
books were thumbed to find why |
higher gold prices should mean high |
er commodity prices.
Roosevelt rejected the western gov
errors price fixing plan. created the
CWA to shift 100000 from relief to
rolls.
Mail volume: $4,000 letters daily
largest Of all presidents.
January congress opened,
docile, willing. It heard with few
yasps his fiscal policy leading to .
public debt Of $3l billion by June 80.
1885.
Roosevelt. IN the closing months Of
his first year.
Asked-A 50-60-cent dollar. ali the
yold In the nation, Z q billion ex-
change equalization fund and
rot It.
Cancelled Commercial air mail
contracts.
Promised Soldier bonus veto.
6aid-"Now we are definitely IN
IhA 1,s,neAaa ~ rn~ouarv