Congress. They are a minimum of wise readjustments of our Federal
Reserve System in the light of past experience and present needs.

These measures I have mentioned are, in large part, the program
which under my constitutional duty I have recommended to the
Congress. They are essential factors in a rounded program for
national recovery. They contemplate the enrichment of our national
life by a sound and rational ordering of its various elements and
wise provisions for the protection of the weak against the strong.

Never since my inauguration in March, 1933, have I felt so
unmistakably the atmosphere of recovery. But it is more than the
recovery of the material basis of our individual lives. It is the
recovery of confidence in our democratic processes and
institutions. We have survived all of the arduous burdens and the
threatening dangers of a great economic calamity. We have in the
darkest moments of our national trials retained our faith in our
own ability to master our destiny. Fear is vanishing and confidence
is growing on every side, renewed faith in the vast possibilities
of human beings to improve their material and spiritual status
through the instrumentality of the democratic form of government.
That faith is receiving its just reward. For that we can be
thankful to the God who watches over America.



September 6, 1936.


I have been on a journey of husbandry. I went primarily to see at