The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-11-30
FIR. SAYS DEFECT
TO DECREASE NOW
CONTINUED from mage one)

great nation.
Mr.. Roosevelt was cheered FIRE
! quently as he spoke. A sympa
| thetic audience of the deep South
estimated at nearly 100, 900, jam
med every inch Of space in Gran
Field, stadium Of the Georgia In
| stitute of Technology.
They acclaimed him when, II
the accounting of his steward
ship, he remarked:
"As things stand today, and il
the light of a definite and con
tinuing economic improvement
we have passed the peak Of ap
preparations. Revenues, without
the imposition of new taxes, arr
increasing, and we can look for
ward with assurance to a decreas'
ing deficit.
1.-THE credit of the government
is today higher than that OF any
other great nation in the world,
in spite of attacks on that credit
made by those few individuals
and organizations which seek to
dictate to the administration and
10 the congress how to run the
national treasury and how TO let
the needy starve."
The president, early in his ad-
dress. pointed to the New Deal
achieyements but not until he had
recaIled the conditions of 1924
which he described as an orgy
Of prosperity" during which time,
he added, "a wild speculation was
building speculative profits Tor
the speculators and preparing the
way for the public to be left hold
ing the bag"
an that orgy Of prosperity,
he observed, 1.-The poorest wed
with the richest in throwing their
earnings and their savings into a
cauldron of land and stock specu-
Iation In that orgy Of prosper
itv' slum conditions went unheed-
ed better education was forgot
ten, usurious interest charges
mounted, child labor continued,
wages were too often
the rule instead of the exception.
Mammon ruled America"
From that point he built up his
case, that necessity demanded the
government step in and save
homes, promulgate a new bank
ing policy, abolish child labor and
institute the right of collective
in industry, control
markets and securities, provide
social security, aid the farmer
and a program designed to con-
serve natural resources. i
II can realize" he continued,
that gentlemen in well-warmed
and well-stocked clubs will dis
course on the expenses of gov
eminent and the suffering that
hey are going through because
he government is spending for
work relief.
II wish / could take some of
.hese men out on the battle line
u human necessity and show
hem the facts that we in the
are facing. II these
more fortunate Americans will
tome with me, I will not only
show them the necessity for the
expenditures Of this government,
,ut / will show them, as web, the
definite and beneficial results we
nave attained with the dollars we
nave spent.
"Some Of these gentlemen tell
me that a dole would be more
economical than work relief. That
Is true. But the men who tell me
that, have, unfortunately, too lit
tie contact with the true America
TO realize that in this business Of
relief we are dealing with proper
" sef-respecting Americans to
whom mere dole outrages every
instinct Of individual indepen-
fence.
"Most Americans want to give
something for what they get.
That something, in this case hon
est work, is the saving barrier be-
tween them and moral disintegra-
ton. We propose to build that
barrier high"
At this juncture the President
revealed that the objective of his
works program as to peak en-
ployment by the end of Novem-
Der had been attained, remark
ing:
To-day is the twenty-ninth day
of November. 1t gives me a GER
tain satisfaction to be able to in
form you, and through you the
nation, that on Wednesday,, two
days ago, there were 3,125, 900
persons at work on variouse use
fql projects throughout the ma
ton.
THE small remaining number
have received orders to report to
work on projects already under
way OF ready to be started. This
result, believe you will agree
With me, constitutes substantial
and successful national achieve
ment."
Mr.. Roosevelt then traced the
VQrln1S dumas 1e