The Waterbury Democrat., 1938-04-15

11C Odlu 6AN" ONV V weak and helpless governments, no out of those which were strong. Hi chat was conciliatory with goot word for the merchant - big ant little and the banker who hat pride in his community.
 The chat and a pump-primint message to congress which preceded it moved the Roosevelt administra tion into it's second great driv against depression. Close associate of the President said the chat ant message opened the 1888 genera election campaign.
 Immediate Results
 1. Transfer of $1 1892, ,000, ,000 of idl gold to the governments credit fo expenditure on work relief and simi lar projects during the next flSca year.
 2. Report of wage-hours bill b! the house labor committee with { recommendation that it be passed.
 3. Renewed congressional conSid: eration of removing tax exemptions from future issues of federal anc state bonds, of making government salaries from all sources subject tt federal and state income taxation and of recognizing federal super vision of banking.
 ,, 4. Development of congressiona. movement to earmark new public works spending for specific projects rather than to sign a blank check for the president.
 5. Possible revival of 5000 ap- proved and pending PWA projects which could be financed under the program as outlined.
 Leader Barkley Speaks
 Senate Majority Leader Alben w Barkley, d., Ky, said no legislation would be necessary to effect the pro- gram except actual appropriation O. the money involved and an author ization for the United States Hous ing authority to expand it's stun clearance activities by the $500, 0,000,. 900 proposed in the presidents mes sage.
 MT. Roosevelt reiterated his faitt in the private profit system:
 Tt is essential in our economy that private funds be put to work and all of US recognize that such funds are entitled to fair profit"
 One of the objectives of removing tax exemption from government and state bonds would be to close that hiding place to private capital. It is estimated that the government ultimately would obtain approxi- mately $14O,O00,000 of revenue an- nually from that source although that gain would be offset largely by higher interest payments on out standing securities.
 Help Work Proceed
 Labor leaders were silent under the White House admonition to help work proceed smoothly, continu- ously and fairly" although George M. Harrison, of the Railway Broth erhoods said he supposed MT. Roose- welt was referring to some of these strikes around the country"
 Through the message and the chat ran continuous plea for a united front-national cooperation-in the face of necessity.
 To workers, especially. MT. RoOse- welt promised better times. He said he was prepared to aid business with federal funds and expected the ben efits to be shared up and down.
 "The government contribution of money we now make to business" he continued, come out of the labor of all people. It is, therefore, only sound morality, as well as sound distribution of buying power, that the benefits of prosperity coming from the use of this money of all the people should be distributed among all the people-at the bottom as well as at the top.
 Consequently am again express ing my hope that the congress will enact at this session wage ano hours bill putting a floor under in. dustrial wages and 8 limit on work ing hours-to insure better distri. button of our prosperity, a better distribution of available work, and sounder distribution of buying pow. er."
 Personal Appeal
 The president ended on persona note:
 T never forget" he said, "that live in a house owned by all thu American people and that hav' been given their trust.
 q always try to remember tha their deepest problems are human.
 q can hear your unspoken wonder as to where we are headed in thii troubled world
 q know that I must never give up that I must never let the greater in terest of all the people down
 T believe we have been right Il the course we have charted your hopes and your help are witl me to reach port we must sai sail, not lie at anchor-sail, no drift"
 Congressmen who opposed the ad ministration on wage and hours leg islation, and on government and jul dietary reorganization are expecte' to make strong stand for earmark ing PWA funds in the program t. check any inclination the admins tration may have to punish politica sinners by withholding federal fund from their districts.
 SNlses Opposition
 Sensing inevitable opposition. Mi Roosevelt spoke over the heads 0