The Waterbury Democrat., 1945-08-09
Optimism, Foresight Essential For Future
 Mayor John s. Monoson in Speech of Acceptance Speaks on Industrial
 Assets, Finonces, Pension

Safeguarding of Waterbury's in
 dlstrial assets and strengthening O
 its financial resources were stressed
 by Mayor John s. Monagan in hi
 speech of acceptance last evening
 following his renomination fo
 mayoralty honors by delegates t,
 the Democratic city convention. Hi! honor also referred to his endorse.
 ment of a new pension system. Ht
 welcomes the opportunity to serve the city of Waterbury and in hi;
 closing statement remarked: "Thi! is no time for smung complacencJ F.. x. it is a time for determined optimism. If We move with fore sight we can face the future witt confidence.
 Text of Speech
 Mayor Monagan spoke as follows The opportunity to serve the City of Waterbury in the immediate flu. ture is attractive to an unusual de- gree. We are entering period oi tense competition but one of com pensating great opportunity. There will be problems to face and de- cisions to make which may affect the prosperity and well being oi our citizens for many years to come.
 It is proper for us to face realis- tically the problems that we as an industrial community in New Eng land, will have to solve in the very near future. This country is com- mitted to a period of full employ ment throughout the nation. It is committed to a policy of full util- ization of our great national re- sources. a very large proportion of which are located in other and dis tant parts of the nation. Great plants have been built for war pur- poses in these areas and we may be sure that a strenuous effort will be made to keep them in operation and to retain the population that they have attracted. This means, of course, competition in the man. ufacture of civilian goods including the industries upon which Water bury relies
 Shortsightedness
 We will be shortsighted indeed if we fail to recognize the situation and its implications of possible re- moval of our industries.
 At the same time, while realizing our problem, we will be equally at fault if we fail to count our assets and our advantages and to capital ize upon them. Waterbury. after all, Is a sound, well developed and well organized industrial commu- nifty. It would be no easy task to construct anew in other communi- ties the facilities and organization which we have at hand ready for use in this city.
 Tn private industry we have plants, large and small, fully equipped with machinery costing many millions of dollars. We have labor and management skilled in the production of useful articles which can be numbered in the thousands. We have a commercial establish ment of hundreds of stores of all sizes and kinds. and in back of our total business organization is a de- veloped residential community of some twenty thousand family units. The entire community, industrial, commercial and residential is serv- iced by utilities, public and private. which would require an investment of many millions of dollars and a great deal of time to replace.
 The development of facilities con- trolled by the municipal govern ment and owned by the taxpayers is in itself impressive. We have roads, bridges. sidewalks. sewers. drainage systems, schools. parks, a great system of reservoirs and pipe lines. fire houses. police and fire equipment, a fine administrative building, and all the other facilities which have been acquired by this community over the years. H
 Tn addition to the physical side of our development we have the community enterprises and organ izations. public and private. which have developed with the community and which are essential to the well being of an active, successful and peaceful industrial city.
 . So it may be said that a new in- dustrial community elsewhere inl the country cannot readily or quick " spring Into being merely because Of certain natural advantages. The new community must either suffer Eale lack of our many facilities or must create. as hest if can, these Iaei'itles st sa Initial cost which