Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-10-12
MELLON REVIEWS
RECORDER c. Q. P.
Constructive Achievements
of Hoover Cited in Radio
Speech by Treasury Head.

Citing Herbert Hoover's unparalleled
record of constructive achievement, -
Andrew w. Mellon. in the second politi-
cal speech of his life, told a radio
audience last night that the Republican
presidential candidate is we'll qualified
to- carry on ting constructive policies
of the present administration, and hail
ed him as far-secing and rssourceful
executive.
Talking into the n1icrophone at Sta
ton WRC here, the veteran Treasury
Secretary said that in the final analysis
there is only one issue in this campaign
-"Whether the leadership offered by
the Republican or by the Democratic
burden OF carrying on the Government
and of solving the problems which will
arise in the ne::.t four years"
THE Democratic candidate has told
you what he proposes to de- Mellon
said The Republican candidate, MFR
Hoover. is in the fortunate position of
being ablg to tell you not only what
,hs will do but what he and the admin
istration, of which nc has been an i'm
portant part, have already done. He
offers YOU an unparalleled record OF
constructive achievement; and, on that
record, he and the Republican party
ask for your continued confidence and
support.
What has that record beer? In the
first place. it has been a complete full
fillment of the promise which the Re-
publican party made that the Govern
ment should be administered eccnomi-
cally and in accord with accepted bust
ness principles. and that the affairs
Of the country should be put, ON sound
basis. so that confidence might return
and the march of progress might be
resumed after the long interval Of the
war.
G. O. r. Has Made Good.
THAT the administration has made
good its promise is best attested by
the fact that today the financ es both
Of the Government and of the country
are in sound condition. Under the
present administration taxes have been
materially lowered on four occasions
Expenditures have been cut. The pub
lie debt has been reduced SO that 1t
Is no longer heavy burden on the
taxpayers. The Nation has been given
the benefit of protective tariff; and
during the entire period the country
has moved steadily forward, getting
further and further away from the
unsettled conditions which prevailed In
1921, when tho present Republican adj
n1iristration took Office
cat that time the whole economic
structure seemed in need of readjust-
nient, Now, after nearly eight years,
1T is possible to judge of what has been
accomplished. Not only has the Nation
passed through this difficult period OF
postwar readjustment, but during the
last three or four years it has enjoyed
one Of the most prosperous periods In
Its history
I'm no other nation and at no other
time IN the hictory of the world have
so many people enjoyed such high
degree Of prosperity or maintained a
standard of living comparable to that
which prevails throughout this country
today. Our highways are crowded with
automobiles, and statistics show that
the number Of passenger car rcgistra-
tons have more than doubled in the
last seven years. Saving deposits have
nearly doubled; and bank deposits have
increased from $50, 00e 00o0 in 1921
to $50, eco, 600 600 In 1927"
Going into "details Of what he de-