Washington, Oct. 20.
Dedicating the new Federal Reserve Board building, President Roosevelt declared to-day that the Government must improve and coordinate the credit and other machinery to achieve and maintain an enduring prosperity, free from disastrous extremes of booms and prosperity.
He did not refer directly to the recent decline of the stock markets, however, but hinted at a stiffening of the Federal Reserve System attitude, and also said that "the Administration does not plan a reversal of its banking policies"—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.