Reviewing the conditions which on, Mr. Roosevelt. asserted, "In the spring of 1933, the national balance sheet would have shown that values of all property in the United States were exceeded by the total of all the debts owed by the Tu contrast, he pointed out that "today, the total of all debts Is lower {nan then, whereas the values of property have increased to greatly exceed the volume of debts. We are Ju the black:
Continuing the analogy, the President declared, "We were' insolvent—to-day we are solvent. But recovery means more than gelting the country "Into the black? We face the future the belief that human beings can enjoy more good things than ever in the past. American life has improved the past 2% years, and if I have anything to do with It it ts going to improve more. for it means not only sound business but a Answering the critic policy, the President cannot borrow your way out of debt, but you can invest your way into 9 Sounder future."
Text read from the printed page and cleaned; old type leaves the occasional error.