The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1937-01-14

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Roosevelt took office for his first
term, one of the
Aoouf outstanding obser-
Money vations that he
made was to the
effect that the American people
feared fear" and of this condition
was born instability. 1t was re-
markable statement and the truth
of it may not now even be denied.
1t accurately presented one OF the
fundamental influences disturbing
American life and if that psychology
could have been completely swept
away, I believe things would have
been different now.
As I remember, I commented at
that time upon the new Presidents
remark. Subsequently, I called at
tention to the conditions of admin
istration policy under the New Deal
that were necessarily causing con-
tinuation of that "fear of fear" in
stead of calming the nations
nerves.
AS Mr.. Roosevelt closes his first
term and begins his second tenure,
I believe it is entirely proper again
to advert to his significant and
truthful observation of 1888. We
can look at this picture only in
retrospect, regrettable as it is that
we cannot see into the future. 1t
would then seem to be an entirely
permissible thing to do to examine
the basis of Mr.. Roosevelt'S obser-
walton and see what has been done
to correct the condition about which
he complained.
shall not attempt to go into the
various phases of the four-year
term. Indeed, I think it is neither
advisable nor necessary to analyze
conditions beyond those that are
basic, fundamental, in our national
economic and political structure.
For that reason, and because of
recent developments of administra-
tive policy, I am writing something
about money in this report to you.
The Scripture quotation is: 'The
love of money is the root of all
evil" In treating of the subject of
money from our practical stand
point, 'tthe love of money" takes
on quite an unusual definition. For,
may I point out in candor, there
never has been a national admin
istration, so far as my research
goes, that has so thoroughly loved
the spending of money. I believe
Mr.. Roosevelt himself enjoys it but
Mr.. Roosevelt is not the chief Of
fender of his administration in this
regard. The two men whose rec
ords stand out with an absurd will
ingness to throw money around as
I used to throw pebbles when I
was boy on Missouri farm are
Harry Hopkins, Works Progress ad-
ministrator, and Secretary Wallace,
of the Department of Agriculture.
I am quite convinced that Mr.. Hop
kins is the worse of the two. My
conclusion is based on a conviction
that Mr.. Hopkins is the more waste
full. I am afraid that when the his
tory of this great depression is set
down in the cold light of facts as
they will appear quarter of a CEN
fury from now, Mr.. Hopkins will
have a place in that spotlight that
will not do credit to the hundreds
of people who have the real welfare
of the poor at heart.
The latest development concern
ing Mr.. Hopkins in his public state
ment that there
money must be at least
for Relief three-quarters of a
billion new money
appropriated for his relief work.
President Roosevelt previously had
said he would ask congress for only
half a billion. It is difficult to rec
oncile these two statements or the
reasons therefor. Some slipshod
thing has taken place or else Mr..
Hopkins again is indulging in his
favorite sport of spending and vast
ing taxpayers money.
Now, the figures reveal that re-
lief operations, as managed by Mr..
Hopkins, are costing about $685.