WAR TIME POWERS

Rotorua Morning Post, Volume 2, Issue 473, 6 March 1933, Page 5

WAR TIME POWERS

(Press. Assn.'

AN ELOQUENT APPEAL

— By Telegraph — Copyright).

Rec. March 5, 7.10 p.m. Washington, Saturday.. Mr. Roosevelt told the United States he would ask for war time powers, if necessary, to meet the national emergencies. He would call the new Congress into special session to carry out his plan of attack on the crisis saying "We must act and act quickly." Among the policies outlined, was that there must be provision for adequate but sound currency. "This is pre-eminently an attempt to speak the truth — the whole truth frankly and absolutely," he said, "nor neel we shrink from honestly facing the conditions of our country to-day. This great nation will endure as it has endured. It will revive and will prosper. The only thing we have to fear is fear itself. Nameless, unreasoning, unjustified terror which paralyses the needed efforts to convert retreat into advanee. Our difficulties though great, concern only material things. Values have shrunk to fantastic levels, taxes have risen. Our ability to pay has fallen. The withered leaves of industrial enterprise lie on every side. Farmers find no market for their produce. Thousands of unemployed

citizens face the prim problem of existence, yet our failure comes from no failure of substance. "Nature still offers her bounty and Plenty is at our doorstep. The generous use of it languishes. Cardinally this is because the rulers of exchange have failed through their own stubborness and their own incompetency. They have admitted their failure and have abdicated. The practice of unscrupulous money changers has been indicted in the court of public opinion, rejeeted by the hearts and minds of men. "Stripped of the lure of profits by which to induce our people to follow their foolish leadership, they have resorted to exhortation, pleading cheerfully for restored confidence. They have no vision and when there is no vision the people perish. The money changers have fled from their high seats in the temple of our civilisation and we may now restore that temple to ancient order. "There must be an end to conduet in banking and in business which too often has given to a sacred trust, the likeness of callous and selfish wrongdoing. "This nation asks for action and its primary obligation is to put the people td work. If it were faced wise-

ly and courageously it could be accomplished. "I would dedicate this nation to the policy of the good neighbour who resolutely^respeets himself and because he does so, respects the rights of the other neighbour; who respects his obligations and respects the sanctity of an agreement with the world and with his neighbours. If necessary, I shall ask Congress for the one remaining instrument to meet the crisis, broad executive power to wage war against the emergency as great as the power that would be given me if we were, in fact, invaded by a foreign foe."