Western news and the Libby times. [volume] (Libby, Mont.) 1920-1933, 1931-06-25
THE LAST WEEK LIFTS PRESIDENT HOOVER IN
WORLDS ESTIMATION


X the nation through difficult period OF depression
has been materially increased during the past week. Inc
chief reason this greater trust in the President IS iouo
IN his proposal announced last Saturday to the effect a
the United States government will postpone Tor one year
all payments on debts this government by foreign nations
provided the other great creditor nations VIII agree y
like procedure as to themselves
The President stated i'll his announcement that The
purpose of this give the forthcoming year to the
recovery the world and help free the recuper
alive forces already the United States from re
tardng influences from abroad Writing OF the causes re-
nonsibe for the world depression President said Wise
and timely action should contribute to relieve the pressure
Of these adverse forces foreign countries and should as
sst in establishment Of confidence thus forwarding
political peace and economic stability in the world
The Presidents announcement has been met BY world
vide acclaim 1t was said that Germany the brink
Of economic disaster julius Cuus Germanys foreign MIN
ister remarked that the Presidents offer IS gut IRON
heaven Other foreign statesmen have spoken IN similar
high praise of the proposal The effect IS already seen IN
optimistic feeling and more cheerful attitude among
industrial and governmental circles It is hoped that out Of
the better feeling and confidence that engendered will come
forward surge improvement in business affairs that will
mean the end the serious depression that has grped the
world for the past two years
President Hoover has enhanced his standing in the world
by this timely offer Many pronouncng it an act Of
the highest craftsmanship.
on two other occasions during the past week President
Hoover gave statements Of great import Speak
ING at the dedication of the Harding memorial at Marion
Ohio the President let it be known that there no douo
in his own mind Of the guilt Of the who smirched the
Hardina administration by their betrayal Of the trust re-
rosed in them their attempt barter the re-
sources OF their nation. President Hoover said;
Warren Harding had 4 dim realization that ne had
been BETRAYED BY few Of the men whom he trusted by
btu pd
All was LATER proved in the courts Of the land that
these. men had betrayed not alone the friendship and
trust Of their staunch and loyal friend but they had
BETRAYED their country That the tragedy Of the life
Of Harding
There are disloyaes and there are crimes which
shock our sensbties which may bring suffering upon
those who are touched by their immediate results But
there i no dsoyay and no crime in all the category
of human weaknesses that compares with the failure OF
probity the public trust Monetary loss or even the
shock to moral sensiblities IS perhaps passing thing
but the breaking down Of the faith OF people IN the
honesty their and in the integrity OF their
institutions the lowering Of respect for the standards
of honor which prevail in high places are crimes Tor
which punishment never atone
The thought expressed by the President in that Ia
sentence is pregnant with vital import That was exact
the Of the attempt Of those in high places to steal az
barter away some of the oil resources of the nation
deenened the unhealthy conviction in those minds that
diseased -
there is no honesty high places, that every man is
to Feather his nest and therefore the wise and sms
man gets his while the getting good" As the Preside
well said the crime for which those convict
was Of such devastating extent that punishment
atone for it.
Speaking again at the rededcation of the remodel
tomb Of Lincoln at Springfield, ILL.,, President Hoover
vered address of the highest ideasn and that stan
him as a man of deep thought and master Of the Engl
language.
The meat Of this address in the Presidents unequ
ocal stand for law enforcement He said, There can
no man this country Who either by his position his
fluence stands above the law All law-abding citz
hold to that opinion for the life Of our nation and
civilization depends upon respect for and obedience to
law In his address at the Lincoln tomb the President
"As we history since his day, who
doubt Lncoln's words that national heritage
worth the keeping And it Lincoln who stated
restated in impressive terms that its keeping rests u
obedience and enforcement Of law. There be