Presidential addresses and state papers, Volume 4 (of 7)Roosevelt, Theodore
History
Presidential addresses and state papers, Volume 4 (of 7)
Roosevelt, Theodore
Roosevelt, Theodore, 1858-1919; United States -- Politics and government -- 1901-1909
Every consideration of prudence demands the addition of the element
of elasticity to our currency system. The evil does not consist in an
inadequate volume of money, but in the rigidity of this volume, which
does not respond as it should to the varying needs of communities and
of seasons. Inflation must be avoided; but some provision should be
made that will ensure a larger volume of money during the fall and
winter months than in the less active seasons of the year; so that
the currency will contract against speculation, and will expand for
the needs of legitimate business. At present the Treasury Department
is at irregularly recurring intervals obliged, in the interest of the
business world—that is, in the interest of the American public—to
try to avert financial crises by providing a remedy which should be
provided by Congressional action.
* * * * *
At various times I have instituted investigations into the organization
and conduct of the business of the Executive Departments. While none
of these inquiries have yet progressed far enough to warrant final
conclusions, they have already confirmed and emphasized the general
impression that the organization of the Departments is often faulty
in principle and wasteful in results, while many of their business
methods are antiquated and inefficient. There is every reason why our
executive governmental machinery should be at least as well planned,
economical, and efficient as the best machinery of the great business
organizations, which at present is not the case. To make it so is
a task of complex detail and essentially executive in its nature;
probably no legislative body, no matter how wise and able, could
undertake it with reasonable prospect of success. I recommend that the
Congress consider this subject with a view to provide by legislation
for the transfer, distribution, consolidation, and assignment of duties
and executive organizations or parts of organizations, and for the
changes in business methods, within or between the several Departments,
that will best promote the economy, efficiency, and high character of
the Government work.
* * * * *
In my last annual Message I said:
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