PRESIDENT OPTIMISTIC

Hawera Star, Volume LIII, 28 August 1933, Page 5

PRESIDENT OPTIMISTIC

AMERICAN RECOVERY PLAN DOWNHILL DRIFT TURNED. ATTACK OIN ! MONOPOLIES HOME COMMUNITY PRINCIPLE (United trees Association —By Electric Telegraph Copyright.) NEW YORK, Aug. 26. The President, 'Mr F. D. Roosevelt, to-day hailed the national recovery drive as a success and in an address to the people of his home county he asserted that the downhill drift had definitely turned and 'become an upward surge. •Mr Roosevelt took occasion to make a full exposition of his policy in industrial reorganisation of the nation. He declared an end must be made of monopolies and announced a new principle of “home community”—that no individual or family had a right to do things that hurt its neighbours. “It is true,” he said, “your Government hopes that the building, up of wages that are starvation wages and the shortening of hours of work in every part of the United States will result in a greater distribution of wages and an increase iri the number of persons employed, but we seek definitely to increase the purchasing power of the American people. It is unfair to our neighbours if we allow cattle to roam on their lands or maintain a pigsty on the street; it would become unfair to our neighbours if ive sought to make unreasonable profit from a monopoly in a service, such as electricity or gas or raiLroad tickets, which they had to use.”