Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-06-14

the creation Of the Reconstruction
Finance Corporation; the extension OF
credit to agriculture through the
strengthening Of the Federal Lana
Banks System; the enlargement OF the
rediscount facilities Of Federal Reserve
banks: development of plans with the
creation of system OF home loan
discount banks: financial assistance OF
the Federal Government to assure
early distribution of deposits in closed
banks
Long before the present Congress
convened last December" Senator
Dickinson continued. ''our President
determined that balanced budget was
the first essential to economic re-
covery."
Senator Dickinson said the President
had proposed temporary tax increases
for the preservation Of credit OF the
Federal Government and the mainte-
nance of the value Of the American
dollar.
Attacks Democrats.
THE battle of balancing the budget
was only won after a relentless fight"
the keynote speaker said, land over
the opposition Of the Democrats. The
Democrats" he said, for two long
years hampered the President at every
turn. Through a highly subsidized
Press Bureau they sought to distort
the Presidents every word, to belittle
his efforts and to Illustrate his moves. y
Their orders were to smear Hoover, :"
said Senator Dickinson. All this our
political enemy did without thought
of the consequences to the Nation.
Their sole thought was of partisan po-
litical advantage. But verify, like Sam
son of old, they were pulling down the
temple upon their own heads. AS
might have been expected, they over
played their hand"
Senator Dickinson attacked the DEM
ocrats and pointed to their inability TO
act constructively in the House when
they obtained control of that body. He
pointed out that their tax bill was
completely rewritten by a revolving
Democratic majority and that their
economy bill was torn to shreds.
He said the Democrats raised the
issue again of fiat money and finally
had brought in pork barrel public
works bill which would carry with 1t
still greater increases in taxes.
The radicals have undertaken to as
son said, but the radicals brought in no
constructive program. While the rad
Gals we're shouting the loudest, the man
in the White House continued patiently
and persistantly the great. task Of re-
storing our normal economic balance"
Calls Farm Policy Sound.
The farm policy Of the administra-
ton Senator Dickinson said. has been
sound He strongly defended the Fed
eral Farm Board and its policies. The
board, he said, had saved the. farmers
of wheat and cotton between $4,000
900 900 and So 600 900 900, and he added
sit matters little If the Government
loses Sl50,000,000 for the savings it
made to homes Of farmers throughout
this whole land. 1t was throwing a
regiment into the front of the battle to
lose, but saved millions"
A defense of the Republican tariff
was made by the Iowa Senator who in
sisted that if it had not been for the
Hawley-Smoot act of 1880 I'VE would
long since have been inundated by
flood of cheaply produced foreign prod
now idle, scores would have been closed.
Where thousands work on part time
now, they would have been without any
work at ALL"
He charged the Democrats who at
tackled the protective tariff with hypoc-
risy, pointing out that the Democrats
cast many votes to increase tariff rates,
and he said that even more recently, in
the consideration of the revetonue bill,
the Democrats supported duties on coal,
copper, oil and lumber.
Urges Stamping Out Gangs.
Taking up organized crime in this
country, Senator Dickinson said:
"Gangdom, racketeering and thug
gerry should be stamped out of our Ma
ton. This can be accomplished only
by the most energetic action Of law en-
forcement officials everywhere, backed
by strong public opinion"