Evening star., 1935-11-29
Credit of U. S. Sound, He
Declares in Pointing to
Decreasing Deficit in Ad-
dress Before Southerners.
TALMADGE is IGNORED
DURING BIG RECEPTION
Roosevelt Says Bankers Told Him
Nation Could Bear Debt of 20
Billions-Substantial Achieve
ment of Employment Goal Set
Last Spring Is Announced.
BY J. RUSSELL YOUNG.


ATLANTA, Ga, November %
President Roosevelt, in an especially
forceful address here today, announced
the substantial achievement of the
employment goal he set last Spring,
and gave assurances that the days of
lavish expenditures had passed, and
that the credit of this Nation is sound.
Mr.. Roosevelt spoke proudly of what
he referred to as clear signs of a re-
vival Of material prosperity. He de-
clared that this Government can now
look forward to a decreasing deficit
and can be happy in the knowledge
that this country-which he said was
insolvent when he took ofice in 1888
is solvent today.
Promises Further Improvement.
The President, in speaking of better
conditions and an improved American
life during his stewardship of the
Government, declared that IF have
anything to do with it, it is going to
improve more in the days to come"
This speech, the first one of a ma
jor nature delivered by Mr.. Roose-
last September, was made by him be-
fore a tremendous gathering of enthu-
siastic Georgians assembled in Tech
Stadium. While the President re.
Trained from indulging in any person.
alities, a considerable part Of his ut.
terances were readily interpreted a.
being of political significance.
Introduced by Senator George.
Senator Walter F. George. Demo-
crat, Of Georgia introduced Mr.. Roose-
velt as ''the President and the next
President of the United States"
I'VE are demonstrating" he said,
that a great and diversified nation
can use its wealth and resources for
the well-being of the many rather
than the few. No voice in America
Is powerful enough to give the COM
mand to halt"
The Presidents recounting Of the
accomplishments of his administra.
ton and his assurances Of the sound
ness of the policies he is following,
along with his vision Of the future, is
accepted by many as an answer to the
critics of his administration. There
will be many who will read into this
speech of Mr.. Roosevelt's today the
keynote of his forthcoming campaign
for reelection.
Presents Comparison.
Mr.. Roosevelt presented COMPARE
son between the improved conditions
in this country today with what
he referred to as those fools
paradise years before the crash came"
He recalled that orgy of prosperity
and Wild speculation" and said that
the spectators left the public holding
the bag. He recalled that during that
period of false prosperity, when the
poorest We'd with the richest in throw
ing their earnings and savings into
a cauldron of land and stock specula-
ton, slum conditions went unheeded.
better education was forgotten, usuri-
GUS interest charges mounted, Child
labor continued and starvation wages
were too often the rule instead of the
exception.
Without going into any detail in this
comparison of conditions, the Presi-
dent pointed to the fact that at ths
end of those years America acted be-
| fore it was too late and that this
country turned about and by a su-
preme and almost unanimous national
effort, started on the upward path
again. Mr.. Roosevelt then entered
upon a brief recounting of some Of
the major policies Of his administra-
ton which have contributed to ma
tional recovery.
Mr.. Roosevelt, incidentally, took oc-
caSion m this address to make the
(see ROOSEVELT, Page Sd