HARD BEGINNING OVER

Poverty Bay Herald, Volume LXI, Issue 18287, 4 January 1934, Page 5

HARD BEGINNING OVER

U.S. RECOVERY PLAN

PRESIDENT’S MESSAGE

BUILDING NEW STRUCTURE (Eke. Tel. Copyright—United Press Assn.) (Received January 4, 11 a.m.) WASHINGTON, Jau. 3. The President, Mr. Franklin Roosc*'~'Velt, addressed a joint session of the United States Congress to-day, refraining from detailed specific recommendations of legislation, but dealing in general with the recovery programme and the progress during the last six months. The message to the seventy-third Congress marked the first '■ time since the Coolidge Administration that a President has adopted the policy first revived by Dr. Woodrow Wilson of personally addressing Congress. The President asked for co-operation “to continue the restoration of the national well-being, and, equally important, to build on the ruins of the past • a new structure designed better to meet the present problems of modern civilisation. . We have ploughed the furrow and planted the good seed. The hard beginis over.” ' Mr. Roosevelt apparently planned to deal later with the exact legislation he proposed to recommend in line with practice, and this will be inaugurated at a special ses*sion in March. Mr. Roosevelt referred to the gold monetary programme as having a twofold purpose, “strengthening the whole financial structure, and arriving eventually at a medium of exchange which will have over a period of years less variable purchasing and debt paying power for the people. Careful investigation and constant study prove that in the matter of foreign exchange rates, certain sister nations find themselves so handicapped by internal and other conditions that they feel unable at this time to enter into stabilisation discussions based on permanent and worldwide objectives.” The Senate Democratic policy committee announced plans to transfer from the Senate to the President power to ratify tariff treaties. Outstanding Republican leaders, including Senators Borah, McNary, Snell and Dickinson, immediately announced that they are prepared to fight such an attempt. Senator Dickinson said: “The President has grasped powers that make him the domestic dictator, and now he wants to be the international dictator. It’s the last straw. I expect a hard fight by ajl who believe in our form of government.” Senator Dickinson also announced that he would introduce a bill for the repeal of the National Recovery Act. Senator Farmer Laborite, announced that he is planning to seek a modification of the National Recovery Act to protect the small business men, but otherwise supporting the President.