ROOSEVELT POLICY

Greymouth Evening Star, 16 November 1934, Page 7

ROOSEVELT POLICY

UNEMPLOYMENT INSURANCE. [BY CABLE —PBESB ASSN. —COPYBIGHT.] WASHINGTON, November 14. President Roosevelt to-day outlined what part of his programme ot Security” he will press bef0 The C< Pr ß eSnt will ask tor unemployment insurance. It is to I be «nd a co-operative Federal and State Gov ernment undertaking, sapp ° t^tion y contributions, and not by f ta^ atl ° n ’ and also supported with fundo that are to be held and invested by the Federal Government. , „ ?. o The President, at the same tim , issued a .warning against a J. lo w m | “this type of insurance to become a dole, through any mingling of insu ance and. of relief.” He said. This insurance is not a charity. Let u t> fit by the mistakes of foreign countries, and keep out of the unemployment insurance dole, every element which is actuarially unsound The President indicated that he is not yet ready to act regarding old age and sickness insurance. He isaid. our first task is to get our economic sysx tern to function so that there will be greater general security.

PROPAGANDA DANGERS. WASHINGTON, November 14. x A propaganda campaign, paid for by the public, and of greater magnitude than any other campaign ever undertaken, except, possibly, by tne Governments in wartime, was attnbuted to the Utility Companies oi the United States to-day by the Federad Trade Commission, in the hist instalment; of its final report, after a six-year study of these utilities. The report questions the .Tight oi any publicly-granted monopoly such as a public utility, to use money that has been collected from the public, in order to perpetuate itself through its control of public opinion:

LOUISIANA DEBT EVASION. WASHINGTON, November 15. A message from Baton Rouge, in Louisiana, states: One of the most sensational pieces of economic legislation ever enacted by any State has received the approval of the Lower Body of the Louisiana State Legislature to-day, and. is confidently expected to be passed by the Upper Body, and approved by the Governor. It provides that the citizens may apply to the State Banking Commissioner for a moratorium on all of their debts, except their debts to the Government taxing bodies. The State will, moreover, pay the cost of defending the debtor if the creditor takes the matter to the court. This measure, which will remain in effect until 1936 was sponsored by Senator D° n 8> control of Louisiana politics is said to make him the virtual dictator of that State’s governmental affairs He explained to-day that if the nations could decline to pay the inter-Govern-i mental debts, their hard-pressed private citizens certainly had the right to demand a respite.