OCR Text |
Show SUPPORTING THE PRESIDENT The efforts of President Franklin D. Roosevelt to right the financial fin-ancial affairs of a nation which, with one of the greatest gold reserves re-serves in the world, was little better than actually bankrupt, have brought praise from many sources. Just what actually has been accomplished by the closing of the banks of the nation is a matter a little too deep for the average citizen to thoroughly comprehend; it has caused many millions in gold to be redeposited in banks, it has brought out much hoarded money, enabled weaker banks an opportunity to reassamble their finances, and many other things which are foreign to average thought. But one thing of tangible and great actual merit has been accomplished ac-complished the re-establishment of public confidence in the future fu-ture prosperity of the nation. If this alone were the sole accomplishment accom-plishment of the national bank holiay the offort has been more than worth While. Lack of confidence in a national financial structure which was known to be more or less unsound has been the stumbling block for many months. President Roosevelt has stepped boldly into the picture and ordered or-dered drastic changes. Whether or not he has sufficient political backing to see his attempts through to successful conclusion can only be learned through passage of time. rJut one thing is certain: He has secured the moral support, encouragement en-couragement and backing of a practically united pub! ic. We believe be-lieve there have been but one or two instances in the history of our nation when the public ha:; been as solidly back of a president as it is today. For twelve long years, through the happy days of booming prosperity and down through the financial crash and the heartbreaking heart-breaking years of depression, the republican party held undisputed undisput-ed sway. True, they kept the nation on its gold standard and maintained the United States dollar at 100 cents in every money exchange of the world, but it was done at the expense of a patient pa-tient and long-suffering public. The lay-republicans of the nation must have sensed this for they elected a democratic president with the most complimentary vote ever given a presidential candidate; they gave' him a democratic demo-cratic congress with undisputed power. In fact, they said: W have failed to keep our trust. Hut, greater still, they are united with the democrats of the nation in giving President' Franklin I. Roosevelt their sincere moral support. President Roosevelt has accepted his trust in all honesty of purpose, the path ahead apparently lies open and comparatively free of obstruction. He has shown the big-stick tendencies of 'I eddy Roosevelt. We urge the public, all polit ical parlies alike, to stand squarely behind our President and back him to the limit. Lelos K. Brandon in the Helper Journal. |