in an effort to provide better use of the land for those best fitted for
the land.

Yes the task can be helped by definite efforts to raise the value of the
agricultural product and with this the power to purchase the output of
our cities. It can be helped by preventing realistically the tragedy of
the growing losses through fore closures of our small homes and our farms.
It can be helped by insistence that the federal, the state, and the local
government act forthwith on the demands that their costs be drastically
reduce. It can be helped by the unifying of relief activities which today
are of ten scattered, uneconomical, unequal. It can be helped by national
planning for, and supervision of all forms of transportation, and of communications,
and other utilities that have a definitely public character. There are
many ways in which it can be helped, but it can never be helped by mere1y
talking about it. We must act, we must act quickly.

And finally in our progress toward a resumption of work, we require two
safeguards against the return of the evils 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 people-s money; and there must
be provisions for an adequate but sound currency.

These, my friends, are the lines of attack. I shall presently urge upon
a new Congress in special session, detailed measures for their fulfillment,
and I shall seek the immediate assistance of the 48 states.

Through this program of action, we address ourselves to putting our own
national house in order, and making income balance outflow Our international
trade relations, though vastly important, are in point of time and necessity
secondary to the establishment of a sound national economy I favor as a
practical policy the putting of first things first. I shall spare no effort
to restore world trade by international economic readjustment, but the
emergency at home cannot wait on that accomplishment.

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 inter-dependence of the various elements in all parts of the United
States of America - a recognition of the old and the permanently important
manifestation of the American spirit of the pioneer. It is the way to recovery
it is the immediate way it is the strongest assurance that recovery will
endure.

In the field of world policy I would dedicate this nation to the policy
of the good neighbor. The neighbor who resolutely respects himself, and
because he does so, respects the rights of
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