The Wilmington morning star., 1940-01-04

serve Jul trade interests agricul-
tural and industrial-in many valu-
able ways during the existing vars.
But what is more important, the
trade agreements act should be ex-
tended as an indispensable part of
the foundation Of any stable and
durable peace.
The old conditions of world trade
made for no enduring peace; and
when the time comes, the Urited
States must use it's influence to
open up the trade channels of the
world in order that no nation need
feel compelled in later days to seek
by force of arms what it can well
gain by peaceful conference. For
this purpose we need the trade
when it was passed.
l emphasize the leadership which
this nation can take when the time
comes for a renewal of world peace.
Such an influence will be greatly
weakened if this government be-
comes a dog in the manager Of trade
selfishness.
Follows Warning
The first President of the United
States warned us against entangling
foreign alliances. The present Eresi-
dent Of the United States subscribes
to and follows that precept.
But trade cooperation with the
rest Of the world does not violate
that precept in any way.
Even as. through these trade
agreements we prepare to cooperate
in a world that wants peace, we
must likewise be prepared to take
care of ourselves if the world can
not attain peace.
For several years past We have
been compelled to strengthen our
own national defense. That has
created a very large portion of our
treasury deficits. This year in the
light of continuing world urcer-
tainty, I am asking the congress
for army and navy increases which
are based not on panic but on COM
mon sense. They are not as great
as enthusiastic alarmists seek. They
are not as small as unrealistic per-
sons claiming superior private in
formation would demand.
AS will appear in the annual
budget tomorrow, the only impor-
tant increase in any part of the
budget is the estimate for national
defense. Practically all other i'm
portant items show a reduction.
Therefore, in the hope that we can
continue in these days of increas-
ing economic prosperity to reduce
the federal deficit, 1 am asking the
congress to levy sufficient additional
taxes to meet the emergency spend
ing for national defense.
Line Of Defense
Behind the army and navy, of
course, lies our ultimate, line Of de-
fense-"the general welfare of our
people. We can not report, despite
all the progress we have made in
our domestic problems despite the
fact that production is back to 1929
levels-that all our problems are
solved. The fact of unemployment
of millions of men and women re-
mains a symptom of a number Of
difficulties in our economic system
not yet adjusted.
While the number of unemployed
has decreased, while their immediate
needs for food and clothing-as far
as the federal government is con-
cerned - have been largely met,
while their morale has been kept
alive by giving them useful public
work, we have not yet found a way
to employ the surplus of our labor
which the efficiency of our indus
trial processes has created.
We refuse the European solution
Of using the unemployed to build up
excessive ornaments which even
tually result in relationships. We
encourage an American way -
through an increase of national in
come which is the only way we car
be sure will take uE the slack.
Much progress has been made;
much remains to be done.
We recognize that We must find
an answer in terms of work and
opportunity.
Broad Problem
The unemployment problem today
has become very definitely a prob
lem Of youth as we'll as of age.
AS each yea has gone by hundreds
of thousands of boys and girls
have come of working age. They
now form an army of unused youth.
They must be an especial concern
of democratic government.
We must continue, above all
things, to look for a solution of their
special problem. For they, looking
ahead to life, are entitled to action
on our part and not merely to ad-
monitions Of optimism or lectures
on economic laws.
h Some in our midst have sought
to instill a feeling of fear and de-
featism in the minds of the Ameri-
can people about this problem.
To face the task of finding jobs
faster than invention can take
them away-is no defeatism. To
MARBLE easy platitudes that if we
will only go back to ways that
have failed, everything will be all
rights not courage.
Faced Facts
We met a problem of real fear
and real defeatism in 1888. We