Show PRESIDENT ROOSEVELT x it k W I 1 M al 1 14 I 1 R 4 aw c quick action Is pledge of president roosevelt in inaugural address he criticizes banking r methods demands sound money in sufficient quantity and indicates increased government Employ employment wash washington ington with impressive ceremonies franklin delanu delano roosevelt noo sevelt was inaugurated as president of the united states on saturday march 1 4 the oath of office was administered by chief justice hushes hughes in the binau gural stand on the east steps of the capitol at 1230 p m following which the new president delivered his inan gural address when the address was completed former president hoover and mrs homer were driven to the station to take the train for new york and president rind and mrs roosevelt roosevell were driven to the white house where they received some aclo specially invited guests and revl reviewed eved the than gural parade just previous to the inauguration of president roosevelt noo sevelt vice resident president john nance garner had talen the oath of office in the senate chamber the presidents in augural address was as follows 1 I am certain that my fellow americans expect th that it on my induct induction on into the presidency I 1 will address tb them em with a candor and a decision wh which I 1 ell the present situation of our nation impels this is preeminently eminently pre the time to speak the truth the whole truth frankly and boldly nor need we shrink from honestly facing conditions in our country today this great tie na tion H 0 ill endure as it has endured endure will revive and will prosper so first A VICE PRESIDENT GARNER of all let me assert asbert my linn firm belief that the only thing we have to feat Is fear itself nameless unreasoning unjustified terror which paralyzes paralyze needed effort to comert retreat inlo inin advance in every dark hour of our nat national lonill life a leadership of frankness and vigor has met with that understand ing and support of the people them selves which Is essential to victory I 1 am convinced that you will again give that support to leadership in these critical days what nation faces in such a spirit on my part and on yours we face our common dilli cuttles they concern thank god cod only material things values have shrunken to fantastic beels lei els taxes have risen our ability to pay hab fallen govern ment of all kinds Is raced faced by serious curtailment of income the means of exchange are frozen in the currents of trade the withered leanes of industrial du clu enterprise lie on every side farmers find no markets for their produce the savings of many years in ID thou thousands gands of families are g gone eon more important a host bost of anem un aloyed citizens face the grim problems of existence and an equall yi great num her toll with little return only a fool ish optimist can deny the dark reali ties of the moment yet our distress comes from no failure of substance we are stricken by no plague of locusts compared with the perils which our forefathers conquered because they belleV believed Ld and were rint not afraid we have still much to he be thankful for nature still offers her bounty and human efforts have multiplied IL it plenty Is at our door step but a generous use of it lan ian gulches in the very sight of the supply indicts indices money changers primarily this is because the rul ers of the exchange of man kinds goods haxe hae failed thron through h tb their lr own stubborn stubbornness nest and their own in incompetence rape have admitted their failure and abdicated practices of the lous money changers stand indicted in the court of public opinion rejected by the hearts and minds of men true they haie tried but their efforts have been cast in the pattern of an outworn tradition n faced by failure of credit the they y have proposed only the lending of more money stripped of the lure of profit by which to induce our people to follow their false leadership they have resorted to exhortations pleading tear fully tor for restored CODil confidence dence they know only the rules of a generation of self seekers they have no vision and w when hen there Is no vision the people perish the money changers have fled from their high seats in the temple of our we may now restore that temple to the ancient truths ohp measure of the restoration lies iles in the extent to which we apply social val leq til more noble than mere monetary profit happiness not in money happiness lies not in the mere possession of money it lies in the joy of achievement in the thrill of ere atie effort the joy and moral loll 0 of f work no longer must be forgotten in the mad chase of eva descent profits these thee dark days will be worth all they cost us if they teach us that our true destiny Is not to be ministered unto into but to minister to ourselves tin and to our fellow men ne recognition cognition of the fa falsity lIty of his terdal wealth as the standard of sue cess goes hand in hand with the aban dorment of hie file raise false belief that public office and high political position are to be valued value only by the standards of pride of place and personal profit and there must be an end to a conduct in banking and in business which too often hns has given to a sacred trust the likeness of callous and selfish wrongdoing small wonder that flint confidence languishes for it only on honesty on honor anthe sacredness of obligations on faithful protection on unselfish performance without them it cannot live nation asks for action restoration calls however not for changes in ethics alone this nation asks aks for action and action now our greatest primary task Is to put people to work tills this Is no unsolvable lcm acm it if we face it wisely and courage bously it can he be in part by diorec recruiting by the govern ment itself treating the task as we would treat the emergency of a war but at the same time through this employment n accomplish lag greatly needed projects to stimulate and ize the use of 0 our natural resources hand to in hand with this we mum frankly the overbalance ot of population in our Indus industrial centers and by engaging on a rint ional settle scale in ID a redistribution endea endeavor end enior or to pro vi ald d a better use of the lani land for those best fitted for the land quick action necessary the task can ann be helped by definite efforts to co the values of a grecul turn tural products tin and with wilh tills this the file power flower to purchase the file output of if our cities it t can be nettled helped by pre enting bealls the tragedy of the through foreclosure of our small finall homes an our farms it can be helped by insistence thill that the feih ral state and local goern governments ments act forthwith on the demand flint their cost be dras reduced reduce it can oe be helped by bv the unifying of relief activities today are often offen scattered cal and it crin can he helped by national planning for far and islon of all forms of transportation and of of communications and other utilities which have hare a definitely public char acter there are many in which it can be liel helped ped but it can never be helped merely by talking nebout it IL we must act and act quickly finally in ID our progress toward a r of aik boik oik we require two safeguards against a return of the sills of the old order there must be a strict supervision of all banking and credits and investments there must be an end to speculation with other r peoples money and there must be pro vision ision for nn an adequate but sound cur reacy lines of attack these are the lines of attack I 1 shall presently urge upon a new congress in special session detailed meas ure for their fulfillment and I 1 shall seek the immediate assistance of the several states through this program of action ive vie address ourse hes to putting our own national house in order and making income balance outgo our internal lional trade relations though vastly important are in point of time and necessity secondary to the establish ment of a sound national economy I 1 favor as a practical policy the putting of first things first I 1 shall spare no do effort to restore world trade by in ter national economic readjustment bu but the emergency at home cannot wait on that accomplish accomplishment merlL the basic thought that guides these specific means of national recovery Is not narrowly nationalistic it Is the insistence as a first consideration upon the interdependence of the varl ous elements in and parts of the unit pd d states it recognition of the old VIN I 1 P E MRS ROOSEVELT and permanently important manifesta tion of the american spirit of the plo neer it Is the way to recovery it Is the immediate way it Is the strongest assurance that the reco re cocy cry will endure policy of good neighbor in the field of world policy I 1 would dedicate tills this nation to the policy of the good del neighbor gabor the neighbor who resolutely respects himself and because he does docs so respects the rights of others the neighbor who respects his bis obligations and respects the sanctity of his agreements in and with a world of neighbors if I 1 read the temper of our peo pie correctly we now realize realie as we have never realized before our inter dependence on each other that we cannot merely take but we must give as 1114 well that if we are to go forward we must move as a trained and loyal army willing to aa nitice for the good of a common discipline because with out such discipline no progress is anias ro no leadership leuders hip necomes effective we are I 1 know ready and willing to submit our lives and property to such discipline because it makes pos sible a leadership which alms at a larger good this I 1 propose to offer pledging that the larger purposes will bind upon us all as a sacred obliga tion with a unity of duty hitherto e evoked ched only in time of armed strife assumes leadership with tills this pledge taken I 1 assume un unhesitatingly hesitatingly the leadership of this great irmy iriny ol of our people dedicated to a disciplined attack upon our common problems action in this image and to this end i feasible under the form of government well we have inherited from our ancestors our constitution Is so simple and practical that it Is pos sible always to meet extraordinary needs by changes in emphasis and arrangement ran gement without loss of essential form that Is why our constitutional system has proved itself the most superbly enduring political mechanism the modern world has produced it has met every stress of vast expansion of territory of foreign wars wara of hitter strife of world rela lions flora it Is to be hoped that the normal balance of executive and legislative authority may be wholly adequate e to meet the lie unprecedented task before us but it may he that an ce dented denied demand and need for uncle inked action may call for temporary departure from that normal bal balance ancle of public procedure prepared to do duty 1 I 1 nm prepared under uly my cons titu lonal illonal autv to recommend the biens ores that hint i 9 stricken richen si nation in the 0 a str icLef world inns inai require these measures or such other measures ai aa tic hie congress may build out of its ex ari ale and wisdom I 1 shail seek within ma ui constitutional authority to bring to speedy adoption cut but in he event that the congress shall fall to take tahe one of these two courses and in the lie event that the tie na local dional Is still critical I 1 shall no aulde the clear course of duty that will then confront me I 1 shall asli ash the congress for the one remaining instrument to ulcer meet the crisis broad executive power to wage a war against the file emergency as great its as the file power that would be given to me if ve were in fact invaded by a foe for the trust reposed in me I 1 will return the courage coura e and the devotion that befit the time I 1 can do no less people have not failed we face the arduous days that lie before us its it in the warm courage of national unity with the clear con ness of seeking old and precious moral values with the clean satisfaction that comes from the stern per firmance for mance of duty by old and young alike we aim at the assurance of a rounded and permanent national life we do not distrust the future of essential democracy the people of the united states have not failed in their need they have hare registered a mandate that they want direct vigorous action they have asked tor for discipline and direction under leadership they have made me the present instrument ment of their wishes tn in the spirit 0 of the gift I 1 take it it to in this dedication of a nation we humbly ask the blessing of god may alay he protect each and every one of us ns may he guide me in the days to come |