RECOVERY ACT

Wanganui Chronicle, Volume 77, Issue 153, 30 June 1934, Page 9

RECOVERY ACT

ROOSEVELT SUMS UP PLANS FOR THE FUTURE IMPORTANT PRINCIPLES (By Telegraph—Press Association—Copyright. Received June 29, 11.5 p.m. WASHING TON, j uue 28. President Roosevelt, speaking from Vv kite House to-day over the radio, said: “Substantial gains well known to all have justified our course. The simplest way for each to judge the Recovery Act lies in the plain facts of his own individual situation. Are you better off you were last year?” Looking to the future, the President said the principles of the programme would be:— (1) io provide better homes for the nation s people. (2) To plan the use of land and water resources so that the citizen’s means of livelihood would be more adequate to meet the daily needs. (3) To use Government agencies to assist in establishing means to provide sound and adequate protection for life, namely, social insur-

Mr. Roosevelt asserted that the na.ional programme would costmue reicf as long as necessary and seek recovery c-n a basis of re-form and reconstruction. “This Congress has displayed greater freedom from mere partisanship than iny other peace-time Congress,” lie included. INDUSTRIAL PEACE THREATENED STEEL STRIKE. Received June 29, 10.20 p.m. WASHINGTON, June 28. .Settlement of the threatened steel strike was announced to-day at White House. SILVER EXPORTS AMERICA PLACES EMBARGO. Received Juno 29, 10.20 p.m. WASHINGTON, June 28. The Secretary of the Treasury, Mr. Morgent-'hau, with the approval of President Roosevelt, to-day placed an emjargo on further exports of silver except under license. Fabricated silver netals containing a relatively small xmount of silver and foreign silver :oins may be exported without permits.