Evening star., 1932-11-05

f1ciently informed to say at once which
schedules are too high. II he will do
so we will at once have them examined
by the Tariff Commission, as to the
truth of his assertions, and we can
give quick remedy. His only answer
seems to be that we should do away
with the Tariff Commission.
| The people deserve to know whether,
as he proposes to negotiate reciprocal
tariffs, he will omit the agricultural
commodities from these agreements.
The people deserve to know whether
the Democratic State Committee Of
promise to secure Federal legislation
which will pour into that State $780,
100000 for liquidation Of long since
repudiated Indian claims at the ex-
pense of the Federal taxpayer.
The American farmer deserves to
know whether he is going to withdraw
from the Shearon letter the proposal
to vastly expand reclamation of land
and thereby increase their surpluses
despite his assurances that those sur
pluSes must be reduced.
The people deserve to know whether
he will support or repudiate Messrs.
Wheeler. Norris, Huey Long, w. r.
Hearst and others in their long con-
tinued efforts to put government into
large business undertakings
The people deserve to know more
details of the promise set out in the
Shearon letter that the whole Of the
unemployed in the United States will
be at once given a job by the Govern
ment.
Are the people to assume that he
does or does not indorse the system
| of national doles advocated in Con.
gress by his present supporter, Sena-
tor La Toilette of Wisconsin.
The people deserve to know whether
he has accepted the proposal of his
supporter. William r. Hearst, for a
$4,000, 100000 bond issue for non-pro-
ductive public works, to be paid for out
Of the Treasury.
Eighteenth Amendment.
They deserve to know if he joins with
the same William R. Hearst in his
opposition to the Disarmament Con-
ference now in progress. Does he join
with Mr.. Hearst in his opposition to the
promotion Of peace by the Kellogg
Pact.
The people ought to know If he still
holds to his promise to solve the foreign
1
tions to sell goods in this country with
which to pay sums owed our Govern
| ment. In other words, are we by
giving up part Of our market at the ex-
pense Of our own workmen and our
| farmers to furnish our debtors with
profits necessary to make payments to
| US.
He has been very emphatic on the
provision of distress relief. That is
also perfectly safe, because the Gov
eminent has provided for loans to the
States in need Of help to provide such
relief
The evasions and misleading char
acter OF the campaign of the Demo-
cratic party are not less evident in
their program for dealing with the
eighteenth amendment than in the
other questions they have discussed.
| They know tnat their own Democratic
strongholds in the South if none other,
will not accept the proposal for out
right repeal Of the eighteenth amend
ment, with the consequent return of the
saloon and its resultant lack of pro-
lection to dry States.
| stated in my acceptance speech
what I believe is the only practical
common ground with adequate pro-
lection on which this whole question
can reach solution. That statement
was the result of three years of in
tensive study and responsible expert
ence with the problem. It was delivered
to probably the largest audience of the
radio and press ever gathered together
in the United States It is known to
you. 1t is matter Of public record
Our Democratic opponents are trying
to make another false issue over sup
posed coercion Of voters by employers
| fIn f~rf No. tlz1 1oh ~,
| United States is secret, no one can
coerce a voter. In the second place
the interest of employer and employe is
identical in securing business upon
which they mutually live The Re-
| publican employer has the same right
to publicly express his opinion on this
election as has the Democratic en-
ployer and the Democratic orators
1t is with sadness that see attempts
to mislead the people and avoid the
real issues at an hour which demands
campaign Of the most serious char
| acter.
On Road to Recovery.
do nct have time tonight to pre-
sent the whole great constructive meas
ures of the administration by which We
defended the American people from
acute danger of generation Of chaos
| from this world disaster. These meas
ureS' are now placing us upon the read
to recovery. They are vast and COM
plicated. I think perhaps I can best
illustrate the working Of two only of
them by short examples
I would lkie to have you picture a
group of gentlemen sitting in the
Bank in one of our important cities a
| thousand miles from Washington. An
| other similar group is seated in the
board room of another Federal Reserve
Bank in a city some 200 miles from
Washington. A group of advisors is
seated with the President of the United
States. Both of the city groups in
cluded governors Of the Federal Reserve
Banks, directors Of the Reconstruction
Corporation. together with the leading
! bankers and merchants of these two
cities, embracing men of both political
parties. 1t was Sunday afternoon and
all had been summoned on few mo-
mentS' notice to meet grave emer-
gency. These three groups were con-
tinuouSly in communication by long
distance telephone.
During the preceding week there had
been general run upon the banks in
one of these important cities. AL Of
the banks had felt the pressure Of
these unreasoning Withdrawals. On
Saturday morning the situation had be-
come critical in the extreme The
financial districts were thronged with
excited crowds of frightened and hys-
terical depositors. They filled the lob
bies of the banks and stood in long
queues upon the sidewalks. When the
doors were closed for the day there
were still crowds demanding their de-
posits. Throughout Saturday evening
and Sunday panic increased and began
to spread like contagion to the whole
district.
The banks were under heavy pres
sure because Of the frightened deposi-
tors and the inability Of the banks in
the midst CT the crisis to make a quick
sale of their long term securities with
out such tremendous sacrifice as to i'm
peril all of the depositors or in turn
to force the payment of notes of an