The Waterbury Democrat., 1935-11-29
Speech
 OfPresident To-day
(Continued from Page D

the administration and to the con- gress how to run the national treasury and how to let the needy Starve."
 Account of Stewardship
 His speech, in relation to his ad- ministration, was all embracing, being, in effect, an accounting of 8 stewardship since March, 1883. He pointed to economic, social and agricultural gains.
 He announced that on Wednes- day the government had trans ferred 3,125,000 persons from the dole to work relief and that the small remaining number have re- ceived orders to report to work on projects already under way or ready to start" This, he said, consti- tuted a successful realization of his work relief program ito end this business of relief" and had been accomplished although week after week some individuals and some groups, careless of the truth and regardless of scruple, have sought to make the American peo- pie believe thek this program was 8 hopeless failure and that 1t could not possibly succeed"
 q can realize that gentlemen in well-warmed and well-stocked clubs will discourse on the expenses of government and the suffering that they are going through because the government is spending money for work relief" he said.
 Necessity for Expenditures
 q wish I could take some Of these men out on the battle-line of human necessity and show them facts that we in the government are facing. If these more fortunate Americans will come with me, will not only show them the necessity for the expenditures of this gov- ernment, but I will show them, as well, the definite and beneficial re- suits we have attained with the dollars we have spent.
 Some of these gentlemen tell me that dole would be more economical than work relief. That is true.
 But the men who tell me that, have, unfortunately, too little contact with the true America to realize that in this business of re- lief we are dealing with properly self-respecting Americans to whom mere dole outrages every instinct of individual independence. Most Americans want to give something for what they get. That something, in this case honest work, is the saving barrier between them and moral disintegration. We propose to build that barrier high"
 Hoover Regime Criticized
 MT. Roosevelt pointed out that under the Hoover administration the government debt rose from "a little over 17 billions to 21 billions"
 "The day came into office," he said, T found that the natoinal treasury contained only $158, ,000, 900. or at the rate of previously auth orized expenditures, enough to last the treasury less than month. Since March {, 1883, the national debt has risen from 2l billions ot 29h billions, but it must also be remembered that to-day, included in this figure is nearly one and one-half billions of working bal- ance in the treasury and nearly four and one-half billion dollars of recoverable assets which the government will get back over Q period of years, and which will be used for the retirement of debt"
 MT. Roosevelts criticism of MT. Hoover's regime became particular ly pointed when he said that in the spring of 1888 Q national balance sheet of wealth versus debts of the American people would have shown them in the red.
 "To-day," he continued. "Less than three years later, 1t is . fact that the total of all debts in the American people would have shown them in the red.