The Waterbury Democrat., 1932-10-22
By RAYMOND CHAPTER United Press Stan Correspondent,

United Press Stan Corraspondcnt)
 Aboard Roosevelt Special Train. En Route Louisville, Ky, Oct 22.-- (UP) - Governor Franklin D. Roosevelt carried his democratic presidential campaign into the friendly borderland along the Mason and Dixon line, using ridi- cule and satire against a republi- can counter attack he said was based on fear of panic"
 The democratic candidate swung through Kentucky and Tennessee today after pledging in addresses at Springfield, III, and St Louis, Mo, to give relief to American farm CTS and protect the nations secur- ity holders. .....t..,.
 He combined the outline of his policy with scathing ridicule of what he termed efforts by the re- publican leadership including Pres ident Hoover and ex-President Coolidge to frighten the nation with a charge panic would follow a democratic victory.
 He termed the attempt a worn- out stage trick patented. by Mark Hanna.
 Governor Roosevelt scheduled his first major stop today at Louis- vile, Ky, where an address was planned shortly before noon. Other brief appearances included ones at Lebanon and Corbin, Ky. He was to reach Knoxville, Ky, at 9 p. m.
 Governor Roosevelt was firmly convinced today that his election Is certain. What he desires now is that his party workers do not become overconfident.
 His campaign through the bor- der states was more to keep up contacts with old friends than with new votes in the territory which already Is regarded as lost by many republicans. His speeches were di- rected at voters in more northern states observing the tour at a dis tance.
 Roosevelt's St Louis address de- livered before 10000 at the Coli scum contained an outline of his policy for protection investors. It placed the blame for many losses. especially those of holders of for eign bonds, at the door of the Hoover and Coolidge adninistfa- tons.
 Eight classes of securities were discussed by the nominee who cited measures he would take to protect against raids by "unscrupulous f-.. nanciers.~
 The classes of securities named were: Federal obligations, state ob- ligations, municipal bonds, for eign obligations, domestic indus trial bonds, public utility obliga- tions, railroads, real estate and farm mortgages.
 Roosevelt was most bitter in his criticism of the administration policies in regard to foreign financ- ing and domestic public utilities. He mentioned the crash of the In- sull utilities by name. /
 q ask the simple question what leadership has the president exert ed toward the elimination of the type of abuse which resulted in the Insult failure?," Roosevelt asked.l
 "The indifference of the present administration has permitted the savings of thousands of our citi- zens to be swallowed up and lost for all time." e
 He described the record of for- eign bond issues as 'an unsavory chapter in American finance"
 "These bonds," he said, 'in large part are directly the fruit of Q dis. astrous policy pursued by the pres- ent administration in Washington none other, if you please, than the policy of lending to backward and crippled nations.
 "Flagrant instances of the abuse of American investors occurring under this system are well known.
 But fortunately. or unfortu- nately, as you chose to look at 1t, the returns on the foreign bond list have already come in. Many are in default. Others have lost the major part Of their original face value. The best that can be said is that the danger is in great part behind us and not ahead.
 My job will Do to prevent n res currence of this incident and to prevent the hard-earned dollars Of American investors from being frIttered away in foreign fields. enc couraged by the sanction Of the federal government Of the United States, and with a profit flowing only to certain international finans eiers whose greed is grehter than their patri0tiBm."
 ReosevsIt spoke for most rigid economy in federal, state and mu. nieipAi governments 10 protect their obligations from ever default. Ing OD interest or. principal Iie held up the example of New York state iIl fhlH neid,
 He rspsatea his previously an. n0unoed policies faNRfdiDe railroad