Evening star., 1935-11-29

Continued From First Pase)
word recovery obsolete and to replace
1t by the word progress" He said
"progress" Is better word thar
recovery" for 1t not only means q
sound business and sound agricul'
ture from a material point OF view
but it means. with equal Importance
sound improvement in American
life.
Ignores Gov. Talmadge.
Probably many of Mr.. Roosevelt's
listeners were disappointed in his max
ing no mention of Gov. Talmadge OF
Georgia, who has been one Of the
New Deals most severe critics, and In
his avoidance of mentioning any OF
his Republican critics, the most promi-
nent one recently being former Presi-
dent Herbert Hoover. While he appar-
emily ignored the critical Georgia Gov
ernor he did take occasion in the course
of his remarks to discuss briefly the
farm policies Of his administration
which have been a target Of Gov. Tai
madge.
Governor Is Absent.
Gov. Talmadge was absent during
the celebration. The Governor had
been sent tickets, but spent the day on
his farm in Telfair County
He telephoned the following mes
sage to one of his secretaries here:
II am spending the day on my Tel
fair County farm hunting and farm
ing-hunting something to plant that
there's no processing tax on"
Some time ago the Governor said at
the Capitol:
Il will 20 to hear the President
of the United States speak if I am
in town"
The Governor was given no part IN
the official welcoming program, but
was invited to sit with Governors Of
other Southern States at the celebra-
ton.
Mr.. Roosevelt's reference to the in
solvent state Of the Government when
he took over the reins of ofice from
President Hoover and the increase in
the national debt during Mr.. Hoovers
administration is interpreted as a
straight from -the-shoulder answer to
this critic.
Mr.. Roosevelt in this speech made
an end as soon as possible to direct
relief, or the dole, as many refer to
this form Of relief expenditure. He
said he realized that spending money
for direct relief was not the perfect
thing to do, but it was done because
of the necessity to save human life
and suffering. He pointed out, though,
that as quickly as possible his ad-
ministration turned to the job Of pro-
viding actual work for those in need.
Tells Of Many Employed.
With a smile of satisfaction, the
President then recalled that last April
he announced that 1t was the aim
of his administration that by some
time In November of this year this
country would substantially end the
dole and offer In place Of 1t employ
ment Of about three and half million
employable persons estimated to be
on the relief rolls. He recalled that
he has consistently since last April
held to that goal and announced
that two days ago there were 3,l20,0
people at work on various useful
projects throughout the Nation. He
said he derived a certain satisfaction
In being able to depart this informa-
ton. He added that the small re-
manning number on relief rolls have
received orders to report to work on
projects all ready to be started, and
declared that this result constitutes
o substantial and successful national
achievement.
Bankers Asked Spending.
In defense Of the amount of money
being spent by his administration in
the interest Of employment and relief
the President told, for the first time,
q story to the effect that in the Spring
of 1888 q number of great bankers
flocked to Washington seeking help
from their Government to save their
banks from insolvency, and that when
he reminded them that to do this the
Government would be compelled TO
60 heavily into debt. the bankers told
him 1t was well worth the price and
that they heartily approved. and that
when he asked them just how much
debt the Government could stand
without seriously impairing its credit,
they said that 1t could stand O debt
of between 55 and 10 billion dollars.
The President told them that a rise in
the national debt to any such figure
was wholly unnecessary and that he
would not agree to such step. MIR.
Roosevelt then called upon his audi
ence to remember that at that time
many bankers and big business men
would have been willing to put the
country far deeper into debt than he
will ever let It 60.
Mr.. Roosevelt turned to his audience
then and asked IF the bankers
thought the country could stand a
debt Of SIS, ,ooo, 900, 900 to $4,000, ,0oo,-
600 in 1898, with values as they were
then, wonder what they would
stand today, In the light Of an enor-
mously increase Of values of property
Of all kinds all along the line, since
1888"
Refers to Debt Increase.
At this point In his address Mr..
Roosevelt took occasion to point out
that the gross national debt under the
last administration rose from q little
over $4,000 900 900 to $2l, ,0o0, ,000, 900.
and that the day he came into once
he found that the National Treasury