Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1930-01-24
Rauning In Our Directlon.


The large attendance and deep interest
IN the principles of the Democratic party
manifested at the numerous recent jackson
Day rallies in various sections of the coun-
by augur well for the success Of that party
10 the approaching biennial Congressional
elcction. in the opinion Of Representative
Joseph w. Byrns. Chairman Of the Demo-
cratic National Congressional Committee.
Like other party leaders. Chairman Byrns
holds that the Democrats have splendid
opportunity to wrest control Of Congress
from the opposition at the election next
November.
I'm great many respects. conditions
at present are comparable to those which
obtained just prior TO the Congressional
election of 1922" said Mr.. Byrns. IN that
election we increased the Democratic MEM
betship in the House from 1873 to 2OS. only
ten less than majority of the whole
House. Our Senate membership was in
creased from SO to 43. This time. we
start with Democratic membership of 1855
In the House and 39in the Senate. so that
we do not have to equal our feat Of 1922
to win the House.
"A glance at the election returns from
the various Congressional districts discloses
our opportunity. There are 98 Congressional
districts now represented in the House by
Republicans which are Democratic fighting
ground. Forty-e eight Of these districts were
carried by the Democrats in 1922. and So
Of them either in 1922 or 1925. In more
than 40 OF these districts which the Re-
publicans won in 1922. their majorities
were under 5000. In eight. Republican
candidates won by fewer than 1000 votes
and In 10. by majorities below 1000. The
political tide Is already running in our
direction. This. plus organization and a
little earnest effort on the part Of party
workers, will be sufficient not only TO win
back for us the 40 districts we carried in
1922, but enough Of the districts which we
have lost in the past by only few hun
dred votes. TO give US majority of the
House. That the tide Is running In our
direction has been shown in every election
held in the last year, and will be more
strikinely shown at some additional special
Congressional elections soon to be held.
The people are dissatisfied with the exist
ana administration. not only because II has
not fulfilled its promises but has failed to
develop any constructive leadership what
ever"
Stimulated by frequent rosy pictures of
prosperity painted by President Coolidge
and Secretary Of the Treasury Mellon. stock
prices on the New York and other exchanges
rose 20 unwarranted and sometimes un-
precedented peaks. Imitation and pluneing
by speculators resulted in one OF the
greatest ''bul' markets the country has
ever known. Il was hailed as the Cool
,dse market" Within eight months of the
Hoover administration, probably the worst
stock market panic the country has ever
known was experienced. Then the bear
market should be called the Hoover
market"
The record Of bank failures In the United
States during 1929 Is disastrous and does
not bear out the claims Of gloden era Of
prosperity so Iavishly made for the Coolidge
Mellon and Hoover Mellon administrations.
The report Of r. G. Dun & Company shows
a total Of 437 banking suspensions during
,he wear. an increase Of IS over the mum.
Der suspendins in 1928 and Of 81 over the
number closing their doors in 1927. Liza.
bilIties Of banks suspending in 1929 were
S2iS, 1876. $50 compared with $l29.649.-
COS in 1928 and 3,449.246 in 1927
How hard hit the agricultural section
of the country has been is indicated by
the large number OF failures In the Central
West, the number Of bank suspensions in
that block Of States in 1929 being 2ll. or
the 1902 bank suspensions occurring in
the country during 1927, 1928 and 1929.
more than half OF them. 607 to be exact
occurred In the Central Western States.
showing how seriously agricultural sections
have suffered under present economic poll
cies and conditions.
The fifty-seventh annUsl convention Of !
the farmess Of MONTGOMERY county win be |
held 10 the high school auditorium at Sandy
Spring On Saturday. February 9th. Sens-