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 handling of public affairs as to afford us a cure for the results of ownour own [sic] folly. We seem to assume that it is possible for us to get well economically by the waving of some magic wand. We think we can force prosperity, and to the majority of the people of the country prosperity means a return to the hectic days preceding the stock-market crash of 1929. This theory disregards the fact that those hectic days were created by a false and inflated philosophy. In the creating of this inflation we disregard all natural laws of economics, so it is but natural for us to expect to cure the trouble by the same process. But it cannot be done.

The only way back to solid ground and to a degree of prosperity and well-being commensurate with common sense and economic soundness will be by the application of thrift and hard work and the balancing of the budget of every individual. The old "haywire" days are gone forever. But a large percentage of our population still believe in Santa Claus and in good fairies. The cause of the present economic condition of the country in large measure can be ascertained by every citizen by looking in the mirror. Each one of us contributed his share. There is nothing new about all of this. It has been the history of things in the world since the earliest dawn of civilization. Particularly has it characterized every post-war period. Humanity never learns. We have not progressed so far in our thinking after all.

Where is our money? The answer is not difficult. It can be told in one short sentence: We spent it.

Mr. LONG. Mr. President and gentlemen of the Seenate, our First Lady has distinguished herself as a philosopher far beyond the degree which we should ordinarily expect of one occupying that position. Recently she made a speech which is full of such sound logic and such good judgment and potent facts that I ask the attention of the Senate.

I ask the clerk's careful and audible reading of the article which I send to the desk.

The VICE PRESIDENT. Without objection, the article will be read.

The Chief Clerk read as follows:

[From the New York Times of Tuesday, May 8, 1034] "BLIND VOTING" HIT BY Mrs. ROOSEVELT—" FFIRST LADY," BPEAKING TO 1,000 WOMEN 1IN RYE, ALSO SCORES "BLIND PARTISANSHIP "'—Concerned Over Youth—MUST MAKE THEM Feel They Are 'Necessary", She Says—Not Yet OUT 0F DEPRESSION Rye, N. Y.,, May 7—"Blind partisanship" in public affairs was assalled this afternoon in talks by Mrs. Franklin D. Roosevelt to two large groups of Westchester women at meetings in this village. Mrs. Roosevelt gave her first talk at a luncheon of the Westchester League of Women Voters at the Westchester Country Club. Later in the afternoon she spoke to members of the Rye Woman's Club at a meeting in the high school. More than 1,000 women heard her discuss government at the two meetings. Mrs. Daniel O'Day, national Democratic committeewoman, a resident of this village, was Mrs. Roosevelt's hostess. On arriving, the guest was driven through the flag-bedecked streets, where hundreds lined the walks.

Mrs. Roosevelt, introduced at the Country Club gathering as one of the organizers of the New York State League of g Women Voters, warned her audience against blind voting and blind partisanship, declaring that a certain woman Member of Con 8 had caused the eyebrows of the older male Members to raise reason of her failure to '"always vote the way she should." REFUSED TO GIVE ADVICE "They asked me to tell her how to vote," suid Mrs. Roosevelt, "but I oould not do that. Bhe will vote the way she thinks 16 right. She would be a much leas valuable public servant if she did not. It was something entirely new to those old leaders. They Just could not understand it, The thing we will really need in. our public servants of the future is not to be blindly but to vote with the party only after analyzing the party's measuresa." Mrs. Roosevelt said she counted on the women of the country to do a large part of the work which will make this Nation a better place in which to live. She said she did not mean the women of perticular party, but women workers as & whole. In giving their time and energy to public matters, she satd, women should "learn what it is in government that enables it to make life bettar for human beings." This, she said, was the only excuse for government.

Mrs. Roosevelt showed deep concern over the young people of the country, particularly for those who have finished their education and are unable to get work. She ridiculed a recent public statement that "we have turned the corner out of the depression ", pointing out that there are still about 10,000, 000 unemployed in the oountry.

She sald money for educsation should be spent for better teachers and variety of curricula rather than for elaborate buildings. The rehabiiitation of the land, she said, has given rise to the need for a new type of education, and she added that the problem might as well be faced now. In Denmark, she added, farm youths between 18 and 26 old are sent to achool to lsern "why their lves are worth w"

CONGRESSIONAL RECORD—SENATE MAy 8 FEARS FOR THIS GENERATION "I have maoments of real terror," Mrs. Roosevelt declared, "when I think we may be losing this generation. We have got to these young le into the active life of the ocommunity make them feel t they are necessary."

The First Lady referred to the recent * hrain trust scandal * when ahe told of a dinner party at the White House at which one of the so-called "brain trusters" remsarked about a certain relief that it should be "tried out very slowly ", to which opkins, the Relief Administrator, replied: '""Well, but I've g 10,000, 000 unemployed to take care of."

The story showed, said Mrs. Roosevelt, that an experiment, or administrative p, takes on a different color when it affects some problem with which you as an individual are immediately concerned. In the same way, she added, a person would not let & child continue to starve once the starving infant was seen, but the same person might have n different attitude toward the matter it he "only heard of starving children."

Mr. LONG. Mr. President, in support of the claim that our Pirst Lady understands the facts of the present situa=tion, and has prescribed what I consider & practical philosophy, I send to the desk another short dispatch by the Assoclated Press, and ask that it may be read in connection with the statement just read.

The VICE PRESIDENT. Without objection, the article will be read.

The legislative clerk read as follows: STARVING CHILD EATS POISONOUS HERBS AND DIES—PFATHER, SODBING, SBAYS HE "DIDN'T KNOW HOW" TO GET RELIEF AID SpaTTLE, May 4—Hunger drove 4-year-old Angeline D'Ambrose to eat poison weeds, causing her death, Mr. and Mrs. Angelo D'Ambrose, the parents, sobbingly told investigators today. The parenis sald the baby had virtually nothing to eat for days and had been driven to eating plants and weeds in the yard. Investigators found the D'Ambrose home a dismal place. There was only 4 cents in the house, and no food. The mother sat in a chair and stared at the wall. The father, heartbroken, sald: "The baby was the only thing we had in the world, and now she's gone, "Oh, if it had only rained yesterday. Then our little girl wouldn't have been out in the grass."

Dr. W. H. Corson, chief deputy coroner, said one of the herbs in the stomach resembled bella-donna, also known as deadly nightshade, and another plant which the child had eaten was poison hernlock.

D'Ambrose was tramping the streets in search of work when the child was stricken suddenly. She died last night. REGULATION OF SECURITIES EXCHANGES The Senate resumed the consideration of the bill (S. 3420) to provide for the regulation of securities exchanges and of over-the-counter markets operating in interstate and fore eign commerce and through the maeails, to prevent inequitable and unfair practices on such exchanges and markets, and for other purposes.

Mr. FLETCHER. Mr. President, yesterday the Senator from Nebraska [Mr. Norris] asked as to the time of Mr. Whitney's statement from which I quoted. I was not then able to give him the date. I have since examined the record and find that the statement was made on February 29, 1934. It is found in full at page 8684 of part 15 of the hearings before the Committee on Banking and Currency. The VICE PRESIDENT. The question is on the engrossment and third reading of the bill, Mr. PATTERSON. Mr. President, I suggest the absence of a quorum.

The VICE PRESIDENT. The clerk will call the roll. The Chief Clerk called the roll, and the following Senators answered to their names:
 * Adams Connally QGore McNary Ashurst Coolidge Hale Metcalf Austin Oopeland Harrison Murphy Bathman Cowtigan Hastings Neely Bankhead Couzens Eatch Norbeck Barbour Cutting Norris Barkley Davis Hebert Nye Black Dickinson Johnson O'Mahoney Bone Dieterich EKean Overton Borah DAl Keyes Patterson Brown Dufly xing Pittman Bulkley Erickson La Follstte Pope Bulow Lewis Reynolds Byrd Fletcher Logan Robinson, Ark.

Byrmes Frasier Lonergan Russell Capper George Long Bchalil S geet AT EE lak Goldshorough MoXKellar