Evening star., 1936-06-24
GIVEN
FOR IMPROVEMENT
Farm, Agriculture, Business
Betterment During Past
Three Years Shown.

s3l SOC, 900, 900. an increase of SO.
500, 900, 900.
Out Of this increase We have de.
voted $4,000 900 600 to relief and pub
lie works; $4,000, 600, 900 went to State
and national banks, q part of which
has been repaid. Out of it have been
provided the funds for loans to rail-
roads, insurance companies, industries,
cities, counties and States; the ref
nancing Of more than 1000, 900 homes
through the Farm Credit Administra-
ton and the Home Owners Loan
Corp; the stimulation of housing
under the Housing Administration: the
esta adjustment Of more than $500 Con-
serVation Camps and the enrolment of
more than 1,50O, 900 young men taken
from ldleness and taught the lessons
OF 1rugallty and service in the economy
OF American manhood; the assistance
OF more than 100000 farm families 10
re-establish their ability for self-sup-
port; benefit payments to the hundreds
OF thousands of farmers who co-oper-
ated with the Government and whose
contracts were fulfilled notyithstand-
ing the decision of the Supreme Court.
and all the other emergency activities
made necessary to escape the blight of
tne last four years Of the Republican
| regime.
When we deduct from the net IN
crease in the public debt the more
than $5,000000,000 which will be re-
paid by those who have borrowed from
the Government because of the un.
Willingness or inability OF other lend
ing agencies, We find that the net in
crease in the public debt is but little
more than that of the previous admin
istration, which left little to show for
It's extravaganza.
This great program of rehabilitation
has been carried on not by endanger-
ing but by enhancing the credit of the
Government.
In 1882 the bonds of the United
| States sold as low as 80 cents on the
dollar Since the advent of the New
Deal these bonds have risen until to-
day none sell for less than par. while
some sell for as much as II points
above par.
During the same period. sl75..
| 10000 in annual interest was saved
by reduction in the interest rates,
Not only have the prices of bonds
| increased while interest rates were
being reduced, but each new issue
offered by the Treasury has been
largely oversubscribed.
Mime
partisan would assert that the credit
OF the United States has suffered un.
der the impetus given to public con-
fdence by the administration Of
Franklin D. Roosevelt.
No Money to Destroy Life
In Present Warfare.
During the worlds greatest war. We
could afford to spend more than
$50 900 100000 in defense Of our
country
In this war against depression,
against the generalization and disin-
tegration of our social and economic
life, We have spent not a dollar to
destroy life or property, but every dol
lar by which we have increased taxes
| or deficits or the public debt has been
devoted to the saving of life and prop
erty and of that which makes both
life and property Worthwhile-the un-
| conquerable spirit of matchless
people.
We have increased taxes. So did
the last Republican administration.
They increased them on consumers.
We have adjusted our new taxes ac-
cording to the ability of the taxpayer
to pay. We have increased values and
profits out of which taxes are paid;
but the increase in taxes has not been
kept apace with the increase in income
and values which the policies Of the
Roosevelt administration have pro.
duced.
We shall balance the budget. We
shall balance the books in the Treas
ury. We shall soon ordain that no
discrepancy between income and outgo
shall exist. But We shall not do 1t at
the expense of human life nor to the
degradation of the spirit and morale
of our people.
But we are told by the SNUG and
cynical apostles of the status quo that
the Supreme Court has nullified some
OF the acts of this administration.
And while anxious farmers ponder
their fate, and laboring men scan the
heavens for rainbow Of hope. and
women and children look in vain for
the preservation of their lives and
health, q voice from the grave at
Palo Alto shouts, Thank God for
the Supreme Court"
I make no attack on the Supreme
Court. As an institution I respect 1t,
and would be both unfair and unjust
il I were unwilling to accord to judges
on the bench the right to their views
of law and constitutions which claim
for myself.
But there is nothing new In con.
troversies over the Constitution They
began in the convention which framed
it, and 10 amendments were adopted
to 1t by the first Congress that assem-
bled under 1t.
Expects People VIII Face
Duty With Intelligence.
II In the future further amend
ment should become necessary TO en-
able the people to work out their
destiny and protect their fundamental
rights, or to overcome some archaic
Interpretation never intended by its
trainers, doubt not that the people
will face that duty with the same
calm intelligence which has guided
them in the past.
But from the exultant voices Of ths
tree -sitters and the devotees Of the
hitching post you would imagine that
the Supreme Court had never nullifed
an act of Congress until Franklin D.
Roosevelt became President Of the
United States.
You would imagine, if you listened
to the groans which arise from the
doleful kneelers at the Republican
wailing wall. that we had set out liks
some blind Samson to pull down the
temple of constitutional government