Seward daily gateway., 1929-12-20
WHAT WILL HOOVER DO?

Now that the mysteries over the van oCTeel ueoaele has subsided the humorists spent thelr talents III a
 o1 o translate the tragedV into comedy and the puDlc has paid staggering prce for eXepel1ence, the enCfe matter can De considered in more d1spassonate ngh1 The Wall Street crash was nothing more than te illa cleanup in swndle the like of which has never been known It bids fair take s place ahead ot the oOutn Sea Island Bubble and kindred swlndes ID Wmch Vhe general public suffered The most ronlcal feature oT the situation appears to be that the generals of finance and industrial enterprises willingly and unWittngly gave countenance if actual aid to this disgrace Tn American finance M
 It remains to be seen if President Hoover will split hairs n defining gambling devices and swindles; ii ne will consider the little fellows game and the little pro- moter's enterprise gamble and swlnde and the mutt mionaires pea and shell game egetlmate departure in national life or will he summon to his use the pow ers reposng in his office and deal out punishment to the home raiders.
 It is notable fact that mining has been selected as the horrible example whenever someone wished tO WHY swindle The same newspapers who refuse to print a line favorable to one of the fundamental activities o our national life have for the past year or more earned ceverly-wrtten propaganda calculated to sustain the confidence of the masses in the blg gambling game or Wall Street Men high in national afars have iteraed and reititeraed arguments calculated to prove that American securities and industrial stocks carried the va- ues the arch-gamblels placing upon them Acting upon this advice the general public gravtated toward the market.
 With respect to actual money ost the big gamblers can merely exchange paper representing DOns put not the actual dollars The general public parted With the actual cash What matter if multimlionaire writes off millions in paper profits 1t is when the average man who has withdrawn his savings and dumped them into the coers of the brace game comes to consider the effect 1t has upon his immediate physical needs those of his creditors and Oh down the entire hne that the full nauseau of this hghife game presents itself
 During the entire history of the United States all of the mining oil and other alleged get-rlch-quck en- terprises combined but bagatele as compar ed to this one big sweep n the paniest days of open gambling on the frontier there is record of such gigantic combination of crooked gambling. For tht most part the games square although the percen tages were in favor of the gambler. It was only wher law supplanted the will of the frontier that gambling was transferred different element and given bril- liant lable denotng responsibility.
 We are not fully up on Biblical history but ther is chronicled an episode of Christ having ashed tn money changers out of the Temple. Possibly if mod en newspaper reporter had been present he might hav delyed behind the obtrusve element of the episode an told us that iii those days they maintained Wall Stree and that Christ took the only effective way of savin the masses from fu fher exploitation.
 For similar action against the predatory male factors of great wealth Theodore Roosevelt cruc fled on the cross of political mammon.
 It remains to be seen if Mr. Hoover will brave similar eclipse by house cleaning will he allow tn stigma to remain attached to political soul that are nation of crooks and that mans limits are gaue ed by the size of his bankrol
 We just happened to recall there's crime con mittee at work were and began wondering how tn hovs are making it if they have solved the "hkke1