The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson — and I am not wholly excepting the Administration of W. W. The country is going through a repetition of Jackson's fight with the Bank of the United States — only on a far bigger and broader basis.

In my Inaugural I laid down the simple proposition that nobody is going to starve in this country. It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By "business" I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men in overalls; and by living wages I mean more than a bare subsistence level-I mean the wages of decent living.

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I'm just afraid that I may not have the strength to do this job. After you leave me tonight, Jimmy, I am going to pray. I am going to pray that God will help me, that he will give me the strength and the guidance to do this job and to do it right. I hope that you will pray for me, too, Jimmy.

Let me make it clear that I do not assert that a President and the Congress must on all points agree with each other at all times. Many times in history there has been complete disagreement between the two branches of the Government, and in these disagreements sometimes the Congress has won and sometimes the President has won. But during the Administration of the present President we have had neither agreement nor a clear-cut battle.

I accuse the present Administration of being the greatest spending Administration in peacetime in all American history — one which piled bureau on bureau, commission on commission, and has failed to anticipate the dire needs or reduced earning power of the people. Bureaus and bureaucrats have been retained at the expense of the taxpayer. We are spending altogether too much money for government services which are neither practical nor necessary. In addition to this, we are attempting too many functions and we need a simplification of what the Federal government is giving the people."

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The country needs and, unless I mistake its temper, the country demands bold, persistent experimentation. It is common sense to take a method and try it: If it fails, admit it frankly and try another. But above all, try something. The millions who are in want will not stand by silently forever while the things to satisfy their needs are within easy reach. We need enthusiasm, imagination and the ability to face facts, even unpleasant ones, bravely. We need to correct, by drastic means if necessary, the faults in our economic system from which we now suffer. We need the courage of the young. Yours is not the task of making your way in the world, but the task of remaking the world which you will find before you. May every one of us be granted the courage, the faith and the vision to give the best that is in us to that remaking!

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Let us first examine that nightmare to many Americans, especially our friends in California, the growing population of Japanese on the Pacific slope. It is undoubtedly true that in the past many thousands of Japanese have legally or otherwise got into the United States, settled here and raised up children who became American citizens. Californians have properly objected on the sound basic ground that Japanese immigrants are not capable of assimilation into the American population. If this had throughout the discussion been made the sole ground for the American attitude all would have been well, and the people of Japan would today understand and accept our decision. Anyone who has traveled in the Far East knows that the mingling of Asiatic blood with European or American blood produces, in nine cases out of ten, the most unfortunate results. There are throughout the East many thousands of so-called Eurasians—men and women and children partly of Asiatic blood and partly of European or American blood. These Eurasians are, as a common thing, looked down on and despised, both by the European and American who reside there, and by the pure Asiatic who lives there.