Evening star., 1932-10-16
HOOVER BRANDS
ATTACK AS LIE
Denies He "EnsIaved" Cheap
Chinese Labor in His
Early Career.
Continued From First Page.)

Continued From First Page)
Is a wonderful explanation for rolitica
purposes. Mr.. Hoover repeated Severa
time that the leaders of the Demo
cratic party appear to be entirely IL
ignorance Of or apparently have no
yet learned of" what he said were tht
effects of certain postwar happening;
in foreign countries.
He named the killing or incapacitat-
ing of 4O.0OO000 boys and men, tht
"harsh treaties which ended the war.
the increase of standing armies of the
world from 100000 to 5000 900 men
agitation in India and the revolution!
in China and Russia.
They have ignored" he said, 1.-THE
effect of Russia's dumping into the
world the commodities taken from its
neceSsitouS people in a desperate ef-
fort to secure money with which tC
carry on-shall call it-a new deal. y
After naming the overproduction OF
commodities in various ether countries
revolutions in stil others. the abandon
ment of the gold standard in some of
them. and a wave Of fear that swept
over our people he added:
Yet in the face Of all these tre-
mendouS facts our Democratic friends
leave the impression with the Ameri-
can people that the prime cause of this
disaster was the boom in flotations and
and stock prices and a small increase
in American tariffs.
Such an impression is unquestion-
ably sought by the Democratic candi-
date when he says:
That bubble burst first in the land
of its origin. the United States. The
major collapse abroad followed. 1t was
n CI 10
Calls States Responsible.
II do not underrate the distressing
losses to millions of our people or the
weakening of our strength from the
mania of speculation and flotation Of
securities, but l may incidentally re-
mark that the State governments have
the primary responsibility to protect
their citizens in these matters and that
the vast majority of such transactions
originated or took place in the State
of New York"
The President next quoted from bull
letin of the National Bureau of Eco
nomlc Research, statement to the
effect that the depression in the world
began III II countries having a popu-
latiCn Ct 600O0OO00 people, before it
appeared in our country"
Saying he WAS quoting from the
Democratic candidate, Mr.. Hoover read
statement that the HaWley-SmoCt
tariff, is one of the most important
factors in the present worldwide de-
preston, and that it had done much
to destroy foreign trade"
AT the beginning" he said, I may
repeat that this tariff bill was not
passed until nine months after the eco
nomic depression began in the United
States and also not until 20 other
countries had already g-ne into the
depression.
After a mathematical analysis con-
Cerning past tariffs, he added: so
they would have us believe his world
catastrophe and destruction of foreign
trade happened because the United
States increased tariffs of one-fourth pt
one-third CT one-eighth OF the WOrId
Imports. Thus we pulled down the
world. so they tell us. by increases on
Ass than l per cent of the goods being
imported by the world"
My fellow citizens I could continue
tor hours in an analysis Of mistaken
statements and misinfolmation from
The opposition. But l assure you that
thiS country is not to blame for the
fatastrCphes that have come on the
world The American people did not
originate the age-old controversies of
Europe. We did not inaugurate the
lgreat war or the panics in Europe"
Current Misstatements"
Concluding this section of his address
and speaking Of current misstatementS
of our opponents the President as
seed that ii it we're not matter OF
such utter gravity for the future of the
United States I should treat them, not
in sense OF seriousness, but in sense
OF humOr."
MI. Hoover turned to what he called
an accounting of his administrator on
wage and employment questions.
The President outlined in detail the
following II measures and policies a.
the record of his administration in re-
lation TO wage and salary earnerS:
l. Mobilization of national and local
relief agencies, appropriation of $780,
100000 for loans to States. and dis
tribution of Farm Board wheat and
cotton.
. Calling Of conference of en-
plcyerS and labor to uphold wages and
buying power until the cost of living
had diminished.
3. Use Of public works to assist III
the sterilization of employment, which
by the end Of this year he said will
lOjdl S-,4UU,UtU.UUU.
f. Appropriation of S1500 900 900
for construction of public and private
works Of reproductive character,
which, he asserted. had already re-
suited N starting works the ultimate
cost of which Will be S400OOO0OO
5. Application of shorter hours to the
Government service to spread employ
ment.
g. Creation of system of home loan
banks, the anticipation of which, he
said. has largely stopped foreclosing
OF homes"
Z Advocacy of high wages as the
economic basis for the country"
8. Protection of the American market
Tor American labor by the maintenance
of a protective tariff.
9. Prohibition by Executive order of
all immigration except relatives of
American residents.
10. Preservation of the integrity of
the American dollar, in order that we
might protect the working people of
the United States"
II. Restoration OF normal jobs
through the maintenance of credit
-. Efforts to improve American mar
ketS by improving the internal stability
OF other nations and freeing the world
from political shocks, including a pro-
Out of High Rent District.