The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-11-04
ROOSEVELT AND
YOUNG JOIN IN
HOOVER ATTACK
'CzariSm' Idea of President
Is Scored by Nominee in
New York Speech.

1 am nOJ AFRAID OF I1ODS IL MI /.
Hoover is reelected, and I am not
afraid of markets or business If
Mr.. Roosevelt is elected"
The President. Roosevelt de-
clared, asks a vote Of confidence
because he says that but for him
the situation would have been
worse. He asks the nation to wait
and hope for some miracle Of in
vention to make things better"
1.-The most extraordinary, the
most amazing, and I believe the
most un-American episode of this
entire campaign of 1892 Roosevelt
said, lis the eleventh-hour effort of
the President to arrogate to himself
and his handful of associates in
Washington the right to claim an
exclusive Interpretation of and
ownership in the American system
of government.
Outlines Main Points
THE American system is the
common heritage and common pos
session of all Americans and neither
the Republican nor Democratic
party has a patent on it," said the
Governor.
Regarding the tariff, Roosevelt
said:
THE Interpretation you and
give to the American system of
government does not mean the
combination of foreign and domes-
tic gambling that the Republican
party has sponsored.
1T does not mean inviting on one
hand the trade of other countries
and on the other declaring an eco
nomic war against them.
you do not spell out America
by combining the economics of John
Law and his Mississippi bubble
with those Of Mr.. Grundy and his
campaign contributors
The Governor outlined the main
points of his principal speeches of
the campaign as they referred to
rehabilitation of the railroads, the
restoration of agriculture" the
conduct of utilities, relief of unem-
ployment and the national budget.
Analyses Foreign Trade
Young devoted the major effort
of his speech to an analysis of the
foreign situation, the tariff, and
some references to what he also
termed the Campaign of fear"
I'm one respect" he said, this
ooYooxNoirv1 hos avLiI1i%ol I10tL, ,,.oJ
esty and generosity. Things said in
1923 go modestly unrepeated by
their authors now. Only their OPP
ponents are generous in quotation.
Claiming no immunity for my
self, said one thing in 1928 which
I wish to repeat now. It was on
the relationship of our political
parties to international affairs.
quote in part statement made by
me urging the election of Governor
Smith:
Our position in the world will be
aided by the selection of a liberal
party now. Since the war inter
national progress has been made
largely by the liberal parties.
Courage of unselfish action rather
than the fear of selfish interests is
natural to a liberal party.
THAT Was Prophesy"
So in international relations I am
not concerned with what Mr.. Hoover
knows about them, or what Gov
ernor Smith does not know. I am
only interested in what one or the
other can do, and am confident he
can do most who has the most
generous and whole hearted liberal
support"
That expressed my opinion then.
If you will substitute the name of
Governor Roosevelt for Governor
Smith in that statement, it expresses
my opinion now. That was prophecy
in 1928 In 1882 it stands for
prophecy fulfilled"
Young declared the country's
present course was "aimless." My
complain" he said, lis that we
chose neither course, but drifted
aimlesSly, with the consequences
that always come to opportunist ac-
ton unanchored to principle.
I'VE permitted our farmers to
expand their production. We IA
cilitated, if not encouraged, their
going into debt, all on the theory
that the worlds markets would take
care of their surplus output.
I'VE carried on our factories and
our business on the theory that
there would be a prosperous world to
buy.
Need a Liberal Party
Eve permitted our people to lend
money abroad in huge sums for re-
construction and repair after the
ravages of great war, on the as
sumption that the world would be
enabled to pay.
But having done all of that, We
then turned around and adopted a
program of creating unnecessary
barriers in the great highways of
trade. We become peevish because
action is taken by others.
I'VE wake up to find the whole
world building competitive trade
barriers, just as we found 1t few
years ago building competitive
ornaments.
I'VE shall have to reduce trade
barriers to preserve the worlds san
ity. Trade barriers ere more de-
Structive than ornaments and more
threatening to the peace of the
world. 1t is time for us to call
halt, and only a liberal party can
d0 IL y