CONCLUSION

It is inevitable that in these times much of the legislation proposed to

the Congress and many of the recommendations of the Executive must be

designed to meet emergencies. In reaching solutions we must not jeopardize

those principles which we have found to be the basis of the growth of the

Nation. The Federal Government must not encroach upon nor permit local

communities to abandon that precious possession of local initiative and

responsibility. Again, just as the largest measure of responsibility in the

government of the Nation rests upon local self-government, so does the

largest measure of social responsibility in our country rest upon the

individual. If the individual surrenders his own initiative and

responsibilities, he is surrendering his own freedom and his own liberty.

It is the duty of the National Government to insist that both the local

governments and the individual shall assume and bear these responsibilities

as a fundamental of preserving the very basis of our freedom.

Many vital changes and movements of vast proportions are taking place in

the economic world. The effect of these changes upon the future can not be

seen clearly as yet. Of this, however, we are sure: Our system, based upon

the ideals of individual initiative and of equality of opportunity, is not

an artificial thing. Rather it is the outgrowth of the experience of

America, and expresses the faith and spirit of our people. It has carried

us in a century and a half to leadership of the economic world. If our

economic system does not match our highest expectations at all times, it

does not require revolutionary action to bring it into accord with any

necessity that experience may prove. It has successfully adjusted itself to

changing conditions in the past. It will do so again. The mobility of our

institutions, the richness of our resources, and the abilities of our

people enable us to meet them unafraid. It is a distressful time for many

of our people, but they have shown qualities as high in fortitude, courage,

and resourcefulness as ever in our history. With that spirit, I have faith

that out of it will come a sounder life, a truer standard of values, a

greater recognition of the results of honest effort, and a healthier

atmosphere in which to rear our children. Ours must be a country of such

stability and security as can not fail to carry forward and enlarge among

all the people that abundant life of material and spiritual opportunity

which it has represented among all nations since its beginning.

The White House,

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