The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-08-20
OPENS DRIVE FOR
PRESIDENCY With
ATTACK ON RECORD
Says He Is Not Ashamed to
Mention Folk Forgotten
BY Those In Power
HUNS UP RECENT HISTORY
INSERTS Administration Refused
y to Recognize Evils and For.
a, got to Reform
yUMS UP RECENT HISTORY


4 IT, -
Columbus, o., Aug. 20.-(F)-Gov.
ernor Roosevelt. opening his road
campaign for the presidency, satur.
day proposed sellers OF legitimate
securities be required to reveal bonus
a and commissions, urged every ef-
29rt be made to prevent issues of un-
necessary securities, and favored
more stringent banking laws for the
treat mass Of average American men
AID women. who, l am not ashamed
v - repeat, have been forgotten by
3hose in power"
The candidate, in q speech at the
& late Democratic convention. said the
n Hoover administration encouraged a
vast speculative boom and when the
4 Yeckoning came it was not honest
With the people,"
sssN'I sum up the history of the last
administration in four sentences, -
Gov. Roosevelt said:
s~It encouraged speculation and
Cverproduction, through its false eco
nofnic policies.
/ ut attempted to minimize the
crash and misled the people as to its
tfavity.
TT enormously charged the cause
To- other nations Of the world.
TT refused to recognize and cor
ret evils at home which had brought
forth, delayed relief and forgot to
MORN"
FN ODDITIES Remedies
Remedies" Roosevelt codified in 4
eecA at the state Democratic con-
V4ntion, were:
Prevention of issuance of manu-.
4octured and unnecessary securities
which are brought out merely for
the purpose of enriching those who
handle their sale to the public" and
the further provision with respect
TO- legitimate securities, the sellers
atlAu tell the uses to which the money
= put"
Federal regulation of holding COM
panies which sell securities in inter-
State commerce.
Government regulation of Tex
changes in the business Of selling and
buying securities and commodities
That can by the expedient Of moving
eneWhere avoid regulate. in any
given state"
More rigid supervision of national
banks "for the protection of deposit
toeS."
A proposal to discourage and pre-.
IA the use of bank deposits in
llation to the detriment of local
eo' which was encouraged by the
;xoyonment ITSELF"
separation of investment and com.
1neyc0el banking.
". "a friction of federal reserve banks !
1s ccordance with the original
ana earlier practices"
evelt promised 1T will no long !
oesible for International bank
y others, to sell foreign securi-
the implied understanding
ese securities have been passed
approved by the state depart
a. r any other agency OF the fed
y pYernment."
that high public officials in
Ene IL administration will neither
axsS9M or by deed seek to influence
ne ICES OF stocks and bonds"
laps Hoover Statements
Ine present administration, he
lddeds has all too often issued state
nentS which have had no relation to
ne scientific information which IL
eeessed. This has shaken public
H1idence"
nttnuing. Roosevelt told his au.
Pc that this assurance which I
here giving you Is to my mind
important than all other rem
estored confidence in the actions
statements of executive author
indispensable This administra-
has risked the lives and property
welfare OF the people through =
~ OF disastrous governmental ,
ulation."
y Is no wonder" he said, "tl,ere !
etagnation born Of fear. This is q
trust not OF ourselves. It Is a dis
Fa1st OF our leaders-in the things
hey say and the things they do.
The kind Of confidence we most
ICED is confidence In the integrity. :
he soundness, the liberalism. the
ision and the old-fashioned horse ,
ense Of our national leadership
Roosevelt asserted his economic
emedial measures "like my whole
heory Of the conduct Of government
re based on telling the truth" +.
The New York governor regretted
e had to critic Republican leader.
a:2 enc policies, but" he said, ito :.
llild we must first clear the ground =
"We must find out why the present
republican leadership built 30 un- :
isely." =
q. O. r. Misunderstood Forces :,
II propose to show that the Repub- !
:an leadership" he asserted. "mis- :
nderstood the forces which were In
,lyed in the economic life OF the i
luntry. that 1t encouraged q vast n
|eculative boom and that when the I,
|ckonjng carne the administration e
= not frank-not honest- the d
'ople, and By laundering statements Il
CONTINUED o. pAge nye) {
81 y. Is. u 80 s5t