estoration calls, however, not for changes in ethics alone. This Nation
asks for action, and action now.
Our greatest primary task is to put people to work. This is no
unsolvable problem if we face it wisely and courageously. It can be
accomplished in part by direct recruiting by the Government itself,
treating the task as we would treat the emergency of a war, but at
the same time, through this employment, accomplishing greatly needed
projects to stimulate and reorganize the use of our natural resources.
Hand in hand with this we must frankly recognize the overbalance of
population in our industrial centers and, by engaging on a national
scale in a redistribution, endeavor to provide a better use of the land
for those best fitted for the land. The task can be helped by definite
efforts to raise the values of agricultural products and with this
the power to purchase the output of our cities. It can be helped
by preventing realistically the tragedy of the growing loss through
foreclosure of our small homes and our farms. It can be helped by
insistence that the Federal, State, and local governments act forthwith
on the demand that their cost be drastically reduced. It can be helped
by the unifying of relief activities which today are often scattered,
uneconomical, and unequal. It can be helped by national planning for
and supervision of all forms of transportation and of communications and
other utilities which have a definitely public character. There are many
ways in which it can be helped, but it can never be helped merely by
talking about it. We must act and act quickly.
Finally, in our progress toward a resumption of work we require two
safeguards against a return of the evils of the old order; there must be
a strict supervision of all banking and credits and investments; there
must be an end to speculation with other people's money, and there must
be provision for an adequate but sound currency.
There are the lines of attack. I shall presently urge upon a new
Congress in special session detailed measures for their fulfillment, and
I shall seek the immediate assistance of the several States.
Through this program of action we address ourselves to putting our
own national house in order and making income balance outgo. Our
international trade relations, though vastly important, are in point of
time and necessity secondary to the establishment of a sound national
economy. I favor as a practical policy the putti
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