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So I have also urged as we speak that the Congress make our agricultural financial system extra stable. Only three years of it, and the financial system will already be short 25% or so. The Revolution and the War Between the States have been fought on our personal soil, however at present this conflict might be gained or misplaced on different continents and in remote seas. We're face to face with this danger today. Today I've additionally suggested the Congress of the significance of speeding up the passage of the tax bill. I've advised the Congress that inaction on their part by that date will leave me with an inescapable duty to the individuals of this country to see to it that the warfare effort is now not imperiled by the risk of economic chaos. I've informed the Congress that the Administration can not hold the precise price of meals and clothing down to the present level beyond October first. And so I've asked the Congress to take this motion by the primary of October.

In the occasion that the Congress ought to fail to act, and act adequately, I shall accept the responsibility, and I will act. It is difficult to tell whether or not they'll ever flip their attention to East London. I need not tell you that this may have a demoralizing impact on our people, troopers and civilians alike. I cannot inform what powers may have to be exercised so as to win this war. Those looking for fast fixes or on the spot gratification might discover themselves upset with any such investment. There could also be those that will say that, if the scenario is as grave as I have acknowledged it to be, I ought to use my powers and act now. If you do not have the suitable attire readily available, hit the mall or go purchasing in a friend's closet. We will need to have some ground below farm prices, as now we have underneath wages, if we're to keep away from the dangers of a postwar inflation on the one hand, or the catastrophe of a crash in farm costs and wages on the other. I've really useful that along with putting ceilings on all farm merchandise now, we additionally place a definite ground under these costs for a interval beginning now, persevering with by way of the warfare, and for as long as crucial after the conflict.

At the identical time that farm costs are stabilized, I will stabilize wages. Our expertise with the control of other prices throughout the past few months has introduced out one essential fact-the rising value of living can be controlled, providing that every one elements making up the cost of living are managed at the same time. I can only say that I have approached this downside from every angle, and that I've determined that the course of conduct which I'm following on this case is according to my sense of duty as President in time of battle, and with my deep and unalterable devotion to the processes of democracy. Wages in sure key industries have been stabilized on the idea of the current cost of living. Prices and wages will go up so quickly that the complete manufacturing program shall be endangered. Over-all stabilization of prices, salaries, wages, and income is necessary to the continued rising production of planes and.

It'll mean an uncontrollable rise in prices and in wages, which may end up in raising the over-all price of residing as excessive as another 20 p.c soon. But it's apparent to all of us that if the price of meals continues to go up, as it's doing at present, the wage earner, notably in the decrease brackets, may have a proper to an increase in his wages. That will imply that the purchasing power of each dollar that you've in your pay envelope, or within the financial institution, or included in your insurance coverage coverage or your pension, could be lowered to about eighty cents' worth. The American people can even make certain that I shall not hesitate to use each power vested in me to perform the defeat of our enemies in any a part of the world the place our personal safety calls for such defeat. I believe I do know the American farmers. I think that is also a necessary justice and a sensible necessity.

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