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I know of only one way to get assured prosperity. That
is by cooperation among agriculture, labor, and business, large
and small.
When these groups work together in a. common cause, this
country can achieve miracles. We saw that during the war. We saw it
before the war. By common effort, in the last fifteen years, every
group in the Nation steadily increased its income. Our people rose
from despair to the highest living standards in our history.
So long as the farmer, the worker and the businessman pull
together in the national interest, this country has everything to
hope for.
But it is terribly dangerous to let any one group get
too much power in the Government. We cannot afford to let one
group shape the Nation's policies in its own interest, at the expense
of the others.
That is what happened in the 1920's, under the big business
rule of the Republicans. Those were the days when big corporations
had things their own way. The policies that Wall Street big business
wanted were the policies that the Republicans adopted. Agriculture,
labor, and small business played second fiddle, while big business
called the tune.
Those were the days of Republican high tariffs -- tariffs
that penalized the American farmer by making him pay high prices
for manufactured goods, while he was receiving low prices for his
crops.
You remember the results of that Wall Street Republican
policy. You remember the big boom and the great crash of 1929. You
remember that in 1932 the position of the farmer had become SO
desperate that there was actual violence in many farming communities.
You remember that insurance companies and banks took over much of
the land of small independent farmers.
That was a painful lesson. It should not be forgotten for
a moment.
Since then, the farmer has come a long way. The agricultural
program of the Democratic Administration in sixteen years has enabled
farmers to attain decent standards of living. Interest rates on
farm credit have been sharply brought down. Farm "mortgage
indebtedness has been reduced by more than 50 per cent. Farm mortgage
foreclosures have almost disappeared.
All this was done under and by Democratic Administrations.
Today the world needs more food than ever before. There
is every reason for the American farmer to expect a long period of
good prices -- if he continues to get 2 fair deal. His great danger
is that he may be voted out of a fair deal, and into a Republican deal.
The Wall Street reactionaries are not satisfied with
being rich. They want to increase their power and their privileges,
regardless of what happens to the other fellow. They are gluttons
of privilege.
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"ocrText": "- 2 -\nI know of only one way to get assured prosperity. That\nis by cooperation among agriculture, labor, and business, large\nand small.\nWhen these groups work together in a. common cause, this\ncountry can achieve miracles. We saw that during the war. We saw it\nbefore the war. By common effort, in the last fifteen years, every\ngroup in the Nation steadily increased its income. Our people rose\nfrom despair to the highest living standards in our history.\nSo long as the farmer, the worker and the businessman pull\ntogether in the national interest, this country has everything to\nhope for.\nBut it is terribly dangerous to let any one group get\ntoo much power in the Government. We cannot afford to let one\ngroup shape the Nation's policies in its own interest, at the expense\nof the others.\nThat is what happened in the 1920's, under the big business\nrule of the Republicans. Those were the days when big corporations\nhad things their own way. The policies that Wall Street big business\nwanted were the policies that the Republicans adopted. Agriculture,\nlabor, and small business played second fiddle, while big business\ncalled the tune.\nThose were the days of Republican high tariffs -- tariffs\nthat penalized the American farmer by making him pay high prices\nfor manufactured goods, while he was receiving low prices for his\ncrops.\nYou remember the results of that Wall Street Republican\npolicy. You remember the big boom and the great crash of 1929. You\nremember that in 1932 the position of the farmer had become SO\ndesperate that there was actual violence in many farming communities.\nYou remember that insurance companies and banks took over much of\nthe land of small independent farmers.\nThat was a painful lesson. It should not be forgotten for\na moment.\nSince then, the farmer has come a long way. The agricultural\nprogram of the Democratic Administration in sixteen years has enabled\nfarmers to attain decent standards of living. Interest rates on\nfarm credit have been sharply brought down. Farm \"mortgage\nindebtedness has been reduced by more than 50 per cent. Farm mortgage\nforeclosures have almost disappeared.\nAll this was done under and by Democratic Administrations.\nToday the world needs more food than ever before. There\nis every reason for the American farmer to expect a long period of\ngood prices -- if he continues to get 2 fair deal. His great danger\nis that he may be voted out of a fair deal, and into a Republican deal.\nThe Wall Street reactionaries are not satisfied with\nbeing rich. They want to increase their power and their privileges,\nregardless of what happens to the other fellow. They are gluttons\nof privilege."
}