Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-26

well over 100000 900 per annum from
them we ask nothing
my friends, it is impossible in reason.
| It Is unjust In equity, but above all, I
do not believe for single moment that
there Is any large percentage of those
who are being benefited by those pay
ments who have not the same senti-
ments as other people.
"They wish to assist the nation In
the way other people are being asked
to assist the nation. I profoundly be-
lieve am speaking for men and women
of the best self-respect and good spirit,
who unfortunately tonight are included
in the ranks of the unemployed.
They know perfectly well that in
some respects IL is more to their in
terest that the national credit should
be secure and unasSailed than 1t is in
the interest Of very wealthy people, for
1t is the man who has very little from
the state income who will be hardest
hit and whose family will be most COM
| pletely smashed up II those resources
| were completely dried up or If the
shillings which we're handed over to
them were to lose their value. In view
of the circumstances, / believe those
who are receiving the benefit desire to
be treated In the same way as other
people are treated.
When you look all around this
question and see and appreciate the
| consequences and alternative you will
| conclude 1t Is not mere words which
am using.
Not Bankers Ramp.
There are those who say that one
of the consequences of the worlds in
dustrial plight should be a slackening
OF the programs devised to help ma
nTHf 11ayf in .y1n.
final resources from which those pro-
grams can be financed. whether from
loans or from current revenue, is trust
In our national credit, and anything
which jeopardizes that must be in
stantly and firmly dealt with.
This big psychological storm which
has suddenly presented itself has to
be dealt with as a matter Of supreme
urgency, and none of those questions
can justify us in the fatal policy of re-
fusing to use immediate measures.
There is no time for slow change so
long as this lasts. We must act now.
There is one obstacle I should like tn
remove from the minds of many Of nv
listeners
I'VE are told that this Is a bankers
ramp or conspiracy or something of the
Fs11d against the Labor government
The chancellor Of the exchequer and
myself were chosen by the Labor gov
eminent to be a contact between itself
and the Bank Of England. From our
knowledge and experience, can give
you all the most emphatic assurance
this Is not true. We were never pre-
sented with any political ultimatum.
We never found In the attitude or
conversation Of those with whom we
we're negotiating any political bias, one
way or another.
They told us when we put up pro-
posals to them whether In their opin-
ion those proposals would meet the CIR
cumstances to give confidence. When
they were doubtful they were perfectly
willing tests should be imposed.
Situation Is Financial One.
II wish to assure you that the atti-
tude which they will observe toward the
new government viii be precisely the
same in character as was their attitude
to the old and If the government sue
ceeds in getting the loan. the old would
have succeeded also, had conditions been
the same. The situation is a financial
one. 1t belongs to the world Of finance
THE only way to secure necessary
money is to afford those who have