Evening star., 1936-04-26
Views Are Told
in Speech at
New York.
FARM AND CITY
HELD RELATED
National Thinking
and Planning
ExtOlled.
Nv the Associated Press,

NEW YORK, April 25.-Presi-
dent Roosevelt was applauded by
New York democracy tonight in
asserting a policy for a greater
purchasing power and a reason
ably stable and constant price
level"
Surrounded by national, State and
Tammany Hall leaders, Mr.. Roosevelt
called for the reelection Of Gov.
Herbert H. Lehman and emphatieally
projected his ideas for building ma
tional income, distributing it more
widely"
Applause frequently interrupted the
President from the representative New
York gathering. The leaders of Tam
many, including those who opposed
him in the past. called by to shake
hands. But there was no olive branch
in the presidential words. Alfred E.
Smith was absent.
The President blamed the depres-
sion on "a decadent debauch of group
selfishness" and was applauded by the
New York audience when he stated
that "Nebraska's corn and Eighth
avenues clothing are not different
problems.
The audience cheered and ap-
plauded for more than minute when
the President was introduced and re-
peated this performance when he con-
cluded.
Hits Imitation.
eff you increase buying power" he
said, prices will go up but more goods
will be sold. Wages ought to and
must 60 up with prices. This does
not mean unsound imitation or sky
rocketing prices; this should be
avoided just as we seek to avoid de-
fiation and bankruptcy sale values.
What We do seek are a greater
purchasing power and reasonably
stable and constant price level. 1t
As my belief as I think it is yours
that the industry and agriculture of
America subscribe to that objective"
It was truly picturesque political
gathering of men and women of the
Presidents home State folks It was
a representative gathering which as
sembled for the Jefferson day BAN
quet of the National Democratic
Clubs.
Smith, Walker Absent.
Postmaster General Farley, fresh
from the meeting today at Philadel-
phia which completed formal arrange
ments for the national convention. sat
at the right of Mr.. Roosevelt. Gov
Lehman. the heads of Tammany Hall
and Governors Curley of Massachu-
sets and Earle of Pennsylvania were
present. Alfred E. Smith and James
j. Walker, former Mayor Of New York,
were absent.
And Mr.. Roosevelt threw in some
political quips, remarking with smile
in his address that every time I come
to New York I look for the grass
which was to grow in the city streets"
This referred to the prophecy made
by Herbert Hoover in the 1882 CAM
paign. This remark came in con-
nection with an observation on the
increase in the national income.
:.But some individuals are never
satisfied he said. People complain
to me about the current costs of re-
building America, about the burden
on future generations. tell them
that whereas the deficit of the Fed
eral Government this year is about
three billion dollars, the national in
come of the people Of the United
States has risen from IS billions in
the year 1882 to IS billions in the
year 1896, and tell them further
that the only burden we need to fear
is the burden our children would have
to bear If we, failed to take these
measures today.
Distributed Income Urged.
Building national income, distrib-
uting it more widely means not only
the bettering of conditions of life but
the end of, and insurance against,
individual and National deficits"
Throughout the. course of the din
ner in the flag-draped banquet hall,
Mr.. Roosevelt was constantly turning
from his food to shake hands and
exchange greetings with various of
the distinguished group of New York
Democracy calling by to slap him on
the shoulder and say Hello"
Mr.. Roosevelt motored direct to the
Commodore from the Pennsylvania
Station where his train arrived at 7:30
pm. He was met at the hotel by Mrs.
Roosevelt and his mother.
After an exchange of greetings with
New York officials he entered the flag
draped banquet room and the men
and women applauded vigorously.
Bringing carefully-prepared ad-
dress, the President was accompanied