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The Fireside Chats of Franklin Delano Roosevelt by Franklin Delano Roosevelt
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It is also true that among the chiselers to whom I have referred,
there are not only the big chiselers but also petty chiselers who
seek to make undue profit on untrue statements.

Let me cite to you the example of the salesman in a store in a
large Eastern city who tried to justify the increase in the price
of a cotton shirt from one dollar and a half to two dollars and a
half by saying to the customer that it was due to the cotton
processing tax. Actually in that shirt there was about one pound of
cotton and the processing tax amounted to four and a quarter cents
on that pound of cotton.

At this point it is only fair that I should give credit to the
sixty or seventy million people who live in the cities and larger
towns of the nation for their understanding and their willingness
to go along with the payment of even these small processing taxes,
though they know full well that the proportion of the processing
taxes on cotton goods and on food products paid for by city
dwellers goes 100 percent towards increasing the agricultural
income of the farm dwellers of the land.

The last pillar of which I speak is that of the money of the
country in the banks of the country. There are two simple facts.

First, the federal government is about to spend one billion dollars
as an immediate loan on the frozen or non-liquid assets of all
banks closed since January 1, 1933, giving a liberal appraisal to
those assets. This money will be in the hands of the depositors as
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