The Waterbury Democrat., 1932-03-09

Washington, D. CA curious campaign Is under way in Wash ington the purpose of which ob- viously Is to rehabilitate President Hoover in the public estimation. The president has been suffering from the reputation gained through three years of intangible efforts to meet the situations growing out of the depression.
 The country cannot understand why the measures he announces as SO important now were delayed and have charged with indecision and confusion. q.
 Much of this Is due to his cam paign promises of the 1928 cam paign and the sad contrast be- tween the industrial and commer. cial millennium he pledged should he be elected and the condition n which the country now finds itself
 Faith in his judgment was furth- CT weakened by his repeated an nouncement during the early stages of the panic that 1t was a mere passing phase of the reaction from the World War, that the stock mar ket crash would have no erect on general business and that Q brief period would find us again on the high road to prosperity. Figures that were not borne out by subse- quent events were furnished on the authority of the Department Of Labor that unemployment was de- creasing. In fact on one occasion now nearly two years ago, the president prophesied that sixty days would see the end of the downward trend.
 With the advent of the demo- cratic majority in the House or Representatives and what amounts to democratic control of the Sem ate by reason of the demoral!zinS split in the putatively republican personnel in the upper chamber there has been an actual start to- wards definite legislation calculat' ed to check If not to arrest the tobogganing of business, to put an end to the bank failures ana to re- vivify industry by furnishing addi- tional credits and to loosen the mountain of money that frighten. ed people have hoarded because or their uncertainty in regard to the future.
 The, Rec instruction Finance Corporation, the Glass-Steagail piii, making more flexible the operation of the Federal Reserve Banks, the provision for extending farm cred it's. and the drastic economies compelled by the house of repre- sentatives in the national budget. with other legislation aimed ulti- mately to correct the present ter rife deficiency in the treasury, have s,.e n nf nlIhltC C0n- fidence greater than at any time since the arrival of the panic. These measures are due to the CO., operation of the democrats and republicans in effecting their pas sage. However, as Speaker Gar ner recently set forth, this cooper ation does not by any means mean the abdication of democratic power and duty to use their own judg- ment as to which of the presidents suggestions were worth while and wherever they deemed him at fault to substitute their own bills. Prac- tically all of the measures have ben urged in the past by demo- cratic senators and representatives and would have been enacted long ago had it not been for the opposi- tion of the then republican majori- ties and of the White House. The | Glass -Steagall bill in particular has been repeatedly before congress on democratic initiation. Less than . month ago. when 1t was proposed, Secretary of the Treasury Mellon backed by ogden Mills. who has succeeded him. declared hatly a- | gainst the measure.
 Now that this legislation has en- acted and appreciation of its help fulness is general. the whole corps of presidential spokesmen have been proclaiming all over the coun- try that this is an example or the wisdom and efficiency Of President Hoover. Secretary of War Hur' ley. Assistant Secretary Of the Navy Jahncke, senator Watson Of n. diana, and various others Of the old standby White House apoio.. gists are asserting every day that the president has saved the eosn' try and Is therefore entitled to re- election nest November.
 As the president himself pleaded for democratic cooperation. il