The Waterbury Democrat., 1931-12-02
Shouse Sounds
 Tocsin Tn N. Fl.
Democratic National Chairman Rushed to Granite State Congressional Convention to Pep Up Com ing Election Y E*<

alism of passing the buck" It fs no part of the democratic program to furnish another opportunity for this expedient.
 Of course, neither nor any oth- CT individual democrat can tell members of congress how they should vote, but I think know the personnel of the democratic ma-
 jority sufficiently well to venture the prophecy that they will stick to the strict letter of the law. They will enunciate no program until they
 have heard the presidents mes- sage. When the presidents pro- gram is before them, then, and not until then, in my opinion, will they set out 8 plan of legislation. Whatever is definitely and demon strably for the peoples interest in the presidents message they will gladly accept. Whatever they think they can improve they will offer to the country without equivoca- ton. They will not blindly pass a bill because it bears the peresident- ial imprint nor reject a,bill for the same reason.
 One circumstances they will keep in mind that the republicans gen. erally choose to ignore. That is that the status and position of the Uni- ted States in world economies has entirely changed. In 1914 we were a debtor nation to the extent of $6,000,0000,000. In 1880 we were a creditor nation to the extent of Obviously, the task of so conducting our fiscal affairs as to enable us to pay the interest on $6,000,000,000 cannot be the same as the processes requisite for making it possible for our debtors to pay the interest on $21,000,000,- 900. Let me read to you how one great statesman analysed this phase of international economies.
 Europe can have only three ways of meeting the favorable balance of trade in peace times; by imports into this country of gold, or of goods, or by establishing new cred its. Europe is in no position at the present time to ship gold to us nor could we contemplate large further imports of gold into this country without concern. Anything, there- fore, which would tend to prevent foreign countries from settling for our exports by shipments of goods into this country could only have the effect of preventing them from paying our exports and therefore of preventing the exports from be- ing made" That is an excerpt from woodrow Wilson's message to con- gress in December 1919. In this same message he went on to say: "If we want to sell, we must be prepared to buy. Whatever, there fore, may have been our views dur ing the period of growth of Ameri- can business concerning tariff legis- lation, we must now adjust our own economic life to a changed condi- ton growing out of the fact that the American business is full grown and that America is the greatest capitalist In the world"
 Mark how the prophecy of IF years ago has been fulfilled. h. stead of needing this warning, re- publican congresses and republican presidents enacted first the Ford tariff and early in the Hoover administration superim- posed on this the extortionate ex- actions of the Grundy bill.' And now our foreign business, export dnQ lluRVEt, AS Cut 4u kWOI WAtA tAAC natural result that our factories are running on half time and the unemployment, which at the begin ming of the Hoover panic, accord ing to the president, concerned two or two and . half million peo- pie out of jobs, has mounted until now, according to the best esti- mates available. there are 7.000,- 900 American men and women without work.
 The governments deficit of ap- a billion dollars, with the prospect of amounting to $2.- 900, 900, 900 at the end of the pres ent fiscal year, is Q republican de- felt. Moreover, it is q Hoover defi- cit. It is the republicans primary to suggest means and methods of again balancing our budget. It is, in my opinion, the of the democratic majority in the house of representatives to give such ecommendationg as the president makes the most careful and if, in their opin- ion, what he suggests falls as far short of meeting the fiscal emer- gency aa his farm board failed t0 meet agricultural emergency, the