The Waterbury Democrat., 1936-05-07
Enthusiastic Assemblage Hears Review of Press
 ident's Achievements

gam mh0c M OSceH1UCE : Alab "bank debits due individual acc counts were io per cent over the corresponding month last year.; that "the number of new corpor. atIons formed and the total capis tal stock involved showed increases of 20 and 8 per cent" and that "real estate sales numbered 50 per cent more than last year" Over the entire New Haven Tails road this business report shows an advance of more than 50 per cent in the loading of building Enas terial.
 I guess that these figures will suffice to emphasize the point I am making. I am no fonder of statistics than suppose you are but I do notice in the publica- ton called Business Week" that the machine tool business of New England has been breaking Tecs ords and that the shoe industry closed one of the best years in It's history.
 observe that great many of the attacks on the administration made in this section of the coun. try refer to the farm legislation with the implication that the west has been favored over the east. You will perhaps be interested to learn that the shipments of rnanu. factured products from the indus trial east to the agricultural states have increased enormously under the present administration. The way bills of all the great railroads record huge figures for this busi- ness. Two years after the Roose- welt administration had como in they showed that Connecticut was shipping out manufactured pro- ducts to the West and South half as big again as they had shipped in 1893. am not going to bore you with more figures but you, with your wise Yankee perception, will realize that this increase in your manufacturing business would have been impossible except that the purchasing power of the farmer had been restored to Q ConSi0eTHple exLent.
 Restored Power
 It may seem scandalous to those who have not analysed the situa. tion that farmer in Nebraska should have been paid something for abstaining from planting his whole acreage to wheat or corn, but when you figure that what he got came to you for the things your factories supply, it may not seem so monstrouS after all. When the restored purchasing power of the farmer Increased the output Of your factories 50 per cent or more, you must realize that there is real- ly nothing regional in the er1er. gency measures that have taken the whole country out of the red.
 Incidentally your own State of Connecticut received last year nearly Q million and Q half of the rental and benefit payments uns der the agricultural bill and nine and e half million dollars was spent on Emergency Conservation work in the 18 civilian congerva- ton camps here, which went large- ly towards fire protection, forest improvement, soil erosion control. game and fish conservation, and things of that sort. Your farmers through the Farm Credit Admins. tration were enabled to borrow nine million dollars, and your home owners through their loan corporation something over 44,000,- | 900, and your banks were aided to the extent of nearly 424,000,000.
 Loans Stressed
 These were loans, not gifts. They are secured by the properties inc volved, just like any other loans, and are being paid back in the most satisfactory fashion. As Q matter of fact, the Reconstruction Finance Corporation iS taking in repayments Q whole lot more than it is sending out. I don't know what the exact figures are just now but the last report I saw on the subject showed that this chief lending agency of tho gov. ernment had assets considerably over Q hundred million dollars in excess Of it's liabilities, which would be a pretty good showing for any corporation.
 You have recently been sub- jected to Q flood disaster. It is to prevent or at least minimize the horrors of floods such as this that much of the public works program is planned to accomplish. Inc cidentally, many of the small dykes in the headwaters of the rivers, are among the projects that our adversaries have chased as among the useless money-and- time e-consuming enterprises that the Works Progress people have undertaken. When the projects against soil erosion and river cone trol are complete, you will find that these little dams are Q vital element in making you safe from a repetition of your recent afflic- ton.
 The part played by the c. 0. 0. boys and other government agen- cies in rescues and repairs, you know DeCLer than I.
 Income Taxes
 We cannot expect anybody to be very enthusiastic over paying more taxes, but in the case of Connecticut the 36.000.0 900 increase in the income taxes paid mean, to calculate roughly, that some people in Connecticut had an ag- gregate of perhaps el25,0OO,000 more income in 1895 than they had in 1893.
 Proportionately, the figures run about the same in all sections of the country, and very naturally the people of the whole nation are as happy over thesc conditions as you are here in Hartford. Obviously, this cheerful change from what we were going through when Franklin D. Roosevelt came to the White House is not the rec a,sIk e,f iatelf 0P ehanee or magic