AMERICAN PRESIDENCY

Wairarapa Times-Age, 7 February 1940, Page 6

AMERICAN PRESIDENCY

POSSIBILITY OF THIRD TERM FOR MR ROOSEVELT. FEELING OF PARTY LEADERS. By Telegraph—Press Association—Copyright. NEW YORK. February 5. At his home at Hyde Park, President Roosevelt declared he was weary of the speculation as to whether he would be a candidate for a third term. He would disclose his personal political plans at a time of his own choosing. A canvass of Democratic national committeemen reveals that 90 per cent favour Mr Roosevelt for a third term. The committee has selected Chicago, the scene of Mr Roosevelt’s nomination in 1932, for the 1940 national convention of the party. Mr Roosevelt at a Press conference dared his critics to prove their charges that the United States is "going bust.” He said that while the total indebtedness of the Federal State and local governments had not increased since 1932, the national income had increased from 40.089 million dollars to over 70 billion. When it hit 80 billion, ns ho was confident it would. the budget could be more than balanced. Ho added that since 1932 there had been a 71 per cent increase in the national income. 62 per cent in salaries. 145 per cent in the factory workers’ weekly payrolls. 55 per cent in dividends. 82 per cent in farm incomes and 97 per cent in commodity exports.