U.S. PRESIDENCY

Hokitika Guardian, 4 July 1932, Page 6

U.S. PRESIDENCY

ROOSEVELT ANNOUNCES PLANS.

DEMANDS REPEAL OF LAWS.

(United Press Association—By Electric

Telegraph—Copy right.)

(Received this day at 8 a.m.)

CHICAGO, July 3

Proclaiming his plans for an intense campaign on the main issue, the economic situation, Mr Roosevelt personally accepted the Democratic presidential nomination on Saturday and promised a programme aimed at the alleviation of distress and unemployment, the restoration 0 f farmers’ pnrchasing power, slashing Government expenditures drastically, and adjusting tariffs for tfie restoration of world trade. He also favoured a self-sustaining public, a works programme , with a shorter working day and week, and advocated an immense reforestation programme which could give - employment to a million men, and demanded the repeal of laws compelling the Federal Government to go into the market, to buy and sell, and speculate in farm products in a futile effort to 1 educe surplus®*. He praised the platform promise for bringing about . Alternationa! conferences for adjustments in interest, and restoration of trade, and condemned the Smoot-Hawley scale. “We lia-ve invited and received retaliation by other nations.”