be over tomorrow, but we are on our way and we are headed in the
right direction.



June 28, 1934.


It has been several months since I have talked with you concerning
the problems of government. Since January, those of us in whom you
have vested responsibility have been engaged in the fulfillment of
plans and policies which had been widely discussed in previous
months. It seemed to us our duty not only to make the right path
clear but also to tread that path.

As we review the achievements of this session of the Seventy-third
Congress, it is made increasingly clear that its task was
essentially that of completing and fortifying the work it had begun
in March, l933. That was no easy task, but the Congress was equal
to it. It has been well said that while there were a few
exceptions, this Congress displayed a greater freedom from mere
partisanship than any other peace-time Congress since the
administration of President Washington himself. The session was
distinguished by the extent and variety of legislation enacted and
by the intelligence and good will of debate upon these measures.

I mention only a few of the major enactments. It provided for the
readjustment of the debt burden through the corporate and municipal
bankruptcy acts and the Farm Relief Act. It lent a hand to industry
by encouraging loans to solvent industries unable to secure