Evening star., 1932-10-28

depression is the shock from abroad.
Hoover once contended that we were
self contained Nation, and that We did
not need help from anybody, but when
bad times came upon us the shock from
abroad indicated that he changed his
mind and came to the CONCLUSION that
we had to have some help from abroad
and when We didn't get " Il was called
q shock. .5
Hits Borah Advice.
What was the first great mistake Of
the Hoover administration? It was
made by q man without experience, al
though built up in the 1928 campaign
as that Of q great engineer, q man with
great knowledge of government, q
man with great knowledge Of our for
eign affairs. His great mistake was
that he fell for Borah: As ! said to
the newspaper men when I was leaving
New York, I called him my Idaho po-
tato. The Idaho potato sold him gold
brick. He convinced him that It was
necessary for him to promise an ex-
traordinary session OF Congress Tor
farm relief, and Hoover called him and
made his big mistake because the leeis-
lators Immediately began to tinker with
the tariff, and for Is months they left
this country in q state Of chaos. until
they got everything into that tariff that
they wanted. But while 1t was pending
business men and economists and people
in q position to know the relationship
between business here and abroad con-
vinced him not to sign 1t. But he signed
it, and thereafter attempted to defend
it, and only few days ago l read q
COPY of q lette, printed in a New York
newspaper that he sent to the Tariff
Commission suggesting further raise
in some OF the tariff schedules.
Debts and Tariff.
Let's see how far from wrong these
economists were. They knew the re-
suits Of that. They were able to study
it. They saw rapid decline In our
exports working injury and detriment
to American citizens. They saw
great tariff wall being erected against
us And they foresaW, and It happened.
that the kingdom of Great Britain.
always q free trade country, built up
tariff wall against the United States
to reciprocate in kind Tor the treat
ment that We gave to her for her i'm
ports into this country. The tariff Is
more far-reaching than the intelligent
minds of Washington were able to
discern All the great foreign cOun-
tries owe us money. They haven't got
it. They cannot pay. The only way
they can pay us is in goods And what
DO we say to them? We say, mo. we
won't take it that way. We built up
this tariff wall to keep the goods out.
If you amt got the money. we will give
you little bit longer to pay" And
that Is the product OF these wonderful
minds that feel they are the only
people fit to rule this country and the
Democrats are lacking in an under
standing of these great problems. We
have been In the background. We
are a mob. They are the intelligents.
In the household of the leading Re-
publicans are all the diplomas in the
universities. In the homes of the
Democrats never take the horseshoe
from the door. And the funny part OF
it is that all Of the high administra-
tive Offices in Washington frequently
refer to the plight Of our neighbors
abroad. And when they were sinking
national administration threw them an
anchor.
Scores Secretary Of Treasury.
We have got another actor that plays
an important part in this Federal rule
and that is the Secretary Of the Treas
ury He went down to Maine here In
the recent election for to talk to the
Republican party in that State. And
on the same night Gene Tunney was
there And the Secretary Of the Treas
ury thought that he would indulge in
what he called pleasantly. And he
said-wait until I quote it exactly. he
may be listening in.-he said: Il sup
pose that Tunney has been called up
here to raise the intellectual level of
the Democratic party" There is sar-
casm for you. There is a fellow that is
sitting up on the throne and looking
down at the subjects.
And that suggested to me that We
might think a little about what is the
intellectual level Of the Republican