New Deal Not to be Abandoned

Hawke's Bay Herald-Tribune, Volume 81, Issue 45, 16 November 1937, Page 5

New Deal Not to be Abandoned

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roosevelt's aims Appeal to Private Capital to Lead Recovery TAX REVISION HINTED

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— CrtovHght.)

(Received 16, 9.50 a.m.) • WASHINGTON, Nov. 15. President Eoosevelt, in a message to Congress, a speeial session of which. opened to-day, issued a warning that if private capital did not take up the burden of recovery from the business recession the Government would, but he assured Congress that the nation 's situation was not similar to the 1929 eollapse, Nevertheless, he said, it muat not 6e disregarded. The President advocated some tax revision, but warned against creating new tax injustiees and emphasised the importanee of steps in the direction of farm and crop contrdl legislation, wage and hours revision^ Government Bureau reOrganisation and natiOnal land conservation. Mr Eoosevelt Warned citizens that they mnst give the Government their eordial and "confident co-operation, and Eo "caufioned Congress against new expendittires for whieh revenue was not provided by taxation. The President reiterated that he would not swerve from his determination to carry on his wi.de social programme, and he pointed to higher standards of living and a more just distribution of the gains of civilisation. The most significant featuxes of the message were the contlnuotui reiteration that there was no intehtion to abandon the New Deal and a Warning against the danger of social tsnrest from deprivations. He contended that Society rested upon the solid foundation that all should have enough. v. "The Government," he said, "cannot l'et Nature take its course without ta gard to consequence. The Government must take up . the slack if private enterprise does not respond. We (should provide" fiexible machinery which will enable industries thraughout the coiintry to adjust' themselves progressively to better labour conditions. "Much of our social programme is already in effect," he added, "but its contintied pomplete succesu depends on a wider distribution of the immenselyenlarged nationai iricome. Deflation and inflation are equal enemies of balanced economy. "I hope and believe that the Supreme Court will not again deny to the farmer the protection which it now accords to others. • "I believe thV country as '£ whole recognises th'e need to seek a more uniform and adequate standard of living and purchasing power everywhere if every part is to live happily with every. other part."