Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1920-10-02
MANY GO FROM HERE
TO HEAR ROOSEVELT
Democratic Vice Presidential
Nominee Speaks To Cheering
Thousands In Blue Grass

oSNSIdl SCOre OF MduiSOu county
democrats motored to Lexington Fri
day. and heard Franklin D. Roosevelt,
democratic vice presidential nominee.
Thousands from over the bluegrass
region gathered at Woodland audito-
rum to honor the brilliant young
democratic leader and hear him expose
the hypocrisy of the republican lead
ers who are attempting to deceive the
voters upon the League of Nations
issue.
The League of Nations, accomplish
ments of the democratic sadministra-
ton in its seven years of power, es-
pecially with regard to the federal
reserve law and the rural credits bill,
were the keynotes of his speech.
Touching lightly upon the speech of
Governor Edwis p. Morrow, in which
he is quoted as having said American
membership in the League of Nations
would mean American boys putting
down wars in Timbuctoo and Siam,
Nr. Roosevelt declared that the Ken
lucky governor was either entirely
ignorant of the covenant of the
league or was wilfully misrepresent-
ing the facts to Kentucky voters. He
declared that the speech of the Ken
lucky governor. was part of the
republican campaign of misrepresen-
tation which has been going on for
more than a year.
Explaining Article X, Mr.. Roose-
welt said that the republican state
ment that England has six votes to
our one was $50 false as to be III
diculouS. Where England has six
votes, which every school boy knows,
who has read the covenant, in the
league assembly, as the debating So
ciety in the council. Where action can
be taken England has one vote as we
have and our vote will count as much
toward maintaining the peace of the
world as the votes of any other ma
tion."
Taking up the accomplishments of
the democratic party during its adj !
ninistration and during three sue
cessive democratic congresses be-
fore the last one, Roosevelt declared
that the "most rabid republican cam
paigners could not deny that more
vital and construction legislation had
been placed upon the statute books
than has ever been enacted in a sim
liar period in our history"
"The whole republican plan was
based or the theory that special
bankers were the only people fit to
control our national finances That
was the principle of the Aldrich bill, !
which a democratic congress killed. !
l naddition to this the Aldrich bill !
left many distinct loopholes for the
control of money matters for political |
and partisan purposes. The demo-
cratic ideal was the reverse In the
passage. of the federal reserve act, |
in Wilson's first term, twelve great
reserve banks were created under the |
control of the government of the
United States through the federal
reserve board, nonpartisan organ
ization is Washington wholly sepa- i
rate from the Money Trust and pii-
vate banking interests. The actual
working out of the federal reserve
system has been a complete success |
1t was because of this system that
we were able to finance the war;
"We were able to extesd credit to
the nations vitality associated with us
in the conduct Of the war at a time
when financial assistance to them
was necessary for military reasons,
and today ar enational fsances are
truly in the hands of the people and
not any selfish groups of capitalists.
II charge that it is part of the
plan of those special interests who
are behind the candidacy of Senator
Harding to revise the federal re-
serve act in case of his election with
republican congress in such a way
as to restore the principles of the
Aldrich banking law. l charge that
they seek to take away the powers
of the federal reserve board and to
transfer those powers into the hands
of what they call practical bankers
in the half dozen important financial
centers of the country.
at is unnecessary to point out what