Show jo ID national topics c s interpreted n t ed opre b by y william a m bruck bruckart washington president ident Roosevel ts broad conception of reform in the count rys social social Reform re form structure has now program been given elven the coun try in it he be has presented the embryonic propositions which he intends to submit to the congress that convenes in january 1935 everywhere around the capital city I 1 believe it Is accepted as a statement upon which he be expects that democratic representatives and senators will seek eck to 4 be reelected elected re in the november elections disregarding for a moment the views obtainable as to the merits of the projects which he laid down in hla his message to congress outlining his social reform program I 1 find that most leaders look upon the roosevelt statement as one from which he can determine his future policy it will work out this way I 1 am informed if the voters elect a preponderance of roosevelt supporters for the house and senate again this fall the president will consider that the country approves approve of his big plans if on the other hand there should be a sharp loss of democrats in the house I 1 am told that mr roosevelt would be likely to consider that as a mandate to slow up somewhat on the program upon which he has embarked As I 1 reported to you several weeks ago mr roosevelt has now rounded out the picture of recovery and reform as he conceives it to be necessary or rather as he be and ills his advisers think the course should be at that time I 1 predicted he would find it opportune just before congress quit for the session to toss his ideas into the hopper for mastication during the summer months it can now be said that he has elected to go into battle with the opposition without quarter for his message made it clear he felt the critics had bad offered nothing as an alternative ne lie declared they were unable to present an any v plans tor for human bap happiness illness and that they proposed to go back to the old order which had broken down completely in the past the president asserted that he be proposed to make the security of the citizen and his family the first consideration of government and to accomplish com that he explained it was necessary to toss aside many of the traditions and practices to which we long iong have adhered I 1 people he said want decent homes to live in they want to locate them where they can engage in productive work and they want some safeguard against misfortunes which cannot be wholly eliminated in this man made world of ours sir mr Roosevel ts message was decidedly general in tone lie ile avoided specifications buethe dut the general thoughts were certainly clear to all and s sundry and it Is upon these general thoughts that the issues are to be drawn indeed they have already been drawn so it cannot be doubted bat that throughout the coming campaigns we will hear much of the new deals new social structure as presented by mr roosevelt the roosevelt supporters will swear by all that Is holy that it is the only road to happiness republicans and antl roosevelt spellbinders spell binders will shout all of the invectives that may be used to inform the country that it Is headed for government ownership enship of everything government management destruction of property rights etc some observers here thought there might be some link between the delivery of the dents message at labor disputes particular time selected and the threats of strikes they professed to see a clever move by the chief executive to satisfy many citizens as to his intention to guarantee work anil and food throughout the future I 1 am in a position to say however that there was no connection between the unsettled labor situation and the time at which the message was delivered to congress it was ready at that time and was sent along in regular course it if it has had bad or Is to have any effect on the threats of strikes and the leaders in those movements it will be wholly a coincidence ci dence the strikes have been bred of different causes than the things about which mr roosevelt talked in his message ne ile Is proposing such things as of old d age insurance additional government money meney for loans to persons who want to buy homes the transfer of tho those se living in barren spots insofar as jobs are concerned to sections and communities muni ties where work Is obtainable and a general paternalism on the part of the national government in other words mr Roosevel ts plans contemplate a long range development and have no reference to nita schemes its codes or what nhat hilie haie you it does relate directly to the movements under taken by the agricultural adjustment administration which have gone a long way and it wants to go much farther fart lier in regulating the production of farms and in controlling what farmers do with their land with reference to this phase it cau can be said that mr roosevelt Is willing to abandon millions of acres of land and to have the people abo own and live upon land that Is worn out trans berred to good land it Is a pro proposition that will involve invoice the use of untold millions of dollars and it Is to be assumed that it will be money paid into the treasury by taxpayers supplied the transferred peoples on longtime long time credit I 1 have not learned yet how the added production resulting from these transfers will be handled but it certainly will add to the surplus about which the agricultural adjustment administration has been complaining now that we have a new law that provides the federal government with authority to control touches all the exchanges where our lives stocks and d bonds are sold as well as a law by which the government controls the issuance and sale of such securities it seems to be a good time tor for examination of the new agency that Is going to run that show it may seem a far cry from the stock exchange of wall street to the little country school house but this new law Is so far reaching in its effect and in its scope of jurisdiction that it touches that little country school and the lives of all of us I 1 judge from the expressions pres press tons I 1 have picked up that passage of the exchange control law has brought us to a turning point in the matter of what we do with the extra few dollars that we can save and invest with expectation of getting a return of interest the consensus seems to be that whether anything Is accomplished under the combination control of security issues and stock exchange e will depend entirely on administration of the laws that Is to say it if good Is to come coma there must be reasonable interpretation of the provision of those laws according cording to the general view of those thos directly affected the stock exchange control law underwent a major operation in congress from the manner in which the professors of the brain trust had drawn it originally until those objectionable able features were eliminated there was a battle royal in house and senate since the features omitted were deemed too radical by congress it Is to be assumed there was merit e rit I 1 in n invent the claims of brokers and investors r i in n stocks that the bill would have dammed up money that otherwise could have been put to work and used by commerce and industry which necessarily essa essar rily fly has to operate to a great extent on borrowed funds credit cut but I 1 hear many expressions around here that there Is still a serious problem ahead in the matter of keeping the channels open for investment funds it Is asserted by many that the professorial fessor fes lal type of mind should not be chosen to serve as members of the five man commission that is set up to rule this phase of commerce I 1 think no one can deny that there have been abuses of confidence trickery andoch and other sharp practices extant in stock exchange operations th the e new laws are supposed to cure them and I 1 believe they will do so yet tile thought held by some of the real authorities Is that radical administration of the laws can damage the field of finance beyond measure selection of men for the jobs who would exercise their authority with restraint as well as with intelligence telli gence was imperative from the start or else I 1 am convinced the whole country would suffer because there could be no distribution of the securities bonds on the little country school house would be difficult to sell and mortgage lenders who sell bonds against those mortgages would be against a wall numerous democrats continued right up to the dying gasp of the seventy third c con 0 n still pic gross gress to seek po hungry lotical pie for their constituents they are still pie hungry now insofar as one attempted raid on government jobs Is concerned A broad jump was at tempted in the house 6 to place several hundred extra workers in the general accounting office for the purpose of 0 auditing the expenditures of tile the several dozen roosevelt agencies that are denominated by their critics as the alphabetical soup up to this time J II 11 mccarl the comptroller general of the united states has had little chance to find out what the alphabet test leal agencies have been doing witla the vast sums appropriated for them or allocated them by the president from the various huge appropriations lie ile has to and does pass on the expenditures of the regularly established government agencies but none of the new ones were put under his watchful eye sir mr roosevelt ordered the aud audit it to do the job however required add additional help tor for sir mr mccarl and about was included in a deficiency appropriation bill the pie hunters saw a title flue chance and they never over look any chance so they slipped a line into the appropriation bill that thai said the extra workers were to be chosen without regard for the civil service what a huge piece of pie in fact many pieces of alel B rut jill t something happened to the well laid plan somewhere the language langu ag got changed to read that the lar general may appoldt appoint the extra Ivor workers kers without service instead of the command thin thill lie he shall appoint and in this case the chadde is of vast importance ti it maintenance of the chil service as government method of empl ormen 0 by westra Nw naper pEr 1101 aijalon 0 |