The Waterbury Democrat., 1935-08-30


 t-"Thc principle laid down Is that taxes must be levied in propor. tion to ability to pay, and in pro- portion to benefits received. He has no firmer belief than that wealth does not come from indivi. dual effort, but through tho CO., operation of the entire commun. ity, from people in the mass. In- come is the one true measure of benefits received and ability to pay, and the income tax, in his belief, must stand as the govern ing principle in federal taxation"
 CHANGE OF MIND ON STATES RIGHTS: Through his entire adult life the president has been a champion of states rights, bu twhat he has been forced to see is that many fostering evils lie within domains that the com monwealths canont reach, and that there are needed standards in vari. ous social and economic areas that must be national."
 INTERNATIONAL RELATIONS Turning to world conditions, the president knows that at pres- l Sut tnGES 10 9htlhii pOcSlplhty OL 1H" ternational concert along con. structive lines. But when the na- tions of the earth come to their senses, we will play our part in dis. armament, in world trade, and in currency stabilization."
 NEW ERA PLANS. "The presi. dent is without apologies for the MIRA. 1t had It's extremes and absurdities, but the Fundamentals were, and still are, as much com mandments as though they had come down from Sinai. Majority rule iy the essence of the democra. tic principle, and 1t must and will be applied to business. When the decent and honorable 90 per cent in an industry agree on code of ethics, 1t should not be possible l for an outlaw 10 per cent, refus. ing to play the game of fair conn petition, to make the ethical maj. ority choose between bankruptcy and the surrender of standards. Esta blishment of standards for minimum wages and maximum hours continue to stand as Ro-seo welt objectives."
 CURES ON BIG BUsHNESs: "The president sets no limits on size in business. It Is not his thought that industry should be put back into rompers, but 1t is his determination that the big fellows must give up their loaded dice and play the game fairly and squarely with the little fellows. If there Is no inclusion of false values in capitalization, and if growth Is not accompanied by the strang- ling tactics of unfair competition, the size of a business will be left to the test of economic efficiency. A vitalized, vigilant federal trade commission will establish these safeguards and see that they are needed"
 UNIFICATION OF BANKS. There is no doubt in his mind as to the need of radical reform. Uni- fication must come and will come. For the present, however, he con- templates only such centralization of existing power as will enable the government to recapture con trol of money and credit. This means the recognition of na- tional viewpoint rather than the local viewpoint. and that is the struggle"
 CURBING STOCK EXCHANGES --"If there is one New Deal agency that enlists the championship of the president more than another. 1t Is the Securities Exchange Com mission. He stands like granite on the premise that 1t Is q prime func. ton of government to make the word investment mean what 1t was intended to mean, and at no point will he give Q ninch in his sup. port of the SEC and its right to regulate stock, exchanges and to drive against swindlers."
 HOUSING: "Our housing Is reproach. Half of the population lives meaniy. There are existing cities to be rebuilt and new cities to be built. Not only slums must 20, but tenement districts and dingy neighborhoods giving way to a ioveliness that will permit release of the spirit. Municipalities are without money for the task, and to say that the federal gov ernment cannot step in Is to con. tinue squaior and misery"
 EDUCATION: "Our tlliteracy statistics are appalling. What more active poison can be poured into the wells of citizenship than ignorance? What the president plans Is a con. tinuance and intcnsificatlon of the drive against adult illiteracy, and a vigorous campaign to make edu- cation a true thing"
 WATER POWER AND THE UTILITIES: "A great conservation plan is in the making, based on Roosevelt's conviction that the fed- eral government must have control over all running water. Develop ment of water power will be em. phasized to the limit. Nothing will be permitted to interfere with its full utilizatoin. As far as possible, development will respect private investment. Nevertheless. there is a job to be done and 1t will be done. A comparison bitter in the presidents mind is that the Scan- dinavian countries sell current so cheapIy that barns have electric light and running water, while here a full 90 per cent of the rural population live by oil lamps and hand pumps"
 TOUCHY ABOUT CRITICISM Tt is true that he has evinced ir- ritation in connection with certain attacks of the opposition, and this Aas been hailed as giving the lie to his own repeated statements that he not only invited criticism but welcomed 1t. The answer is that the presidents quarrel is not with the fact of criticism but the nature of 1t. Sincerely believing that no public official has the gift of infailibility, 1t is fundamental of his political philisophy that nothing Is more helpful and cor, rective than a strong and inteili- gent opposition. It Is his com plaint. however, that New Deal