Evening star., 1932-01-09


his career he demonstrated that the
genius of our Government was It's SIM
plicity.
I'VE hear it said that if We could ex-
tract fear out of our psychology things
would be better But fear Is born oil O
lack of confidence and the first step In
curing 1t is to locate the seat OF m1ec-
tion. The prime base of financial con-
fidence in this country for generations
has been the securities of our national
Government. Regardless OF the vlclsSl-
tudes of time. there was behlnd tneIn
faith in the stability Of the Government
itself. 1t paid it's debts because 1t lived
within its income except in perlodlc
stress such as war. With leadlng m
dustries two other institutions, the
important railroads and life insurance
companies, constituted the second line
OF confidence.
United States Securities Price Drifts.
The price OF Government securities
has slowly drifted to low levels Without
attracting the hundreds of millions OF
dollars that have gone into hiding. NO
government can spend billion dollars
more a year than 1t collects without
creating miSgivings. And If pubic
and its government pay no attention 10
diminishing vitality of our major means
of transportation, there can be but one
end The plain truth Is that uncle
Sam, in becoming local constable, mas
ceased to be a statesman. Neglectlng
the comomn carrier of our economic
life, very definite national RESPONSE
bility. he has busted himself chasing
bootleggers, an affair Of the States. II
the President of the United states mao
opportunely announced that, With All
the powers of a sympathetic public
opinion, he was going to balance our
budget and it, at the same time, tne
railroad question had been brought 10
the executive desk for composure OF
differences under the stress Of menac-
ing conditions and the invoking of COM
mon sense administrative methods, we
would not have witnessed many OF the
consequences of a lack Of commence,
and frugal citizens, general INDUSTRY,
banks, insurance companies and ad-
mtnistrtors of estates would have been
spared grave uneasiness.
General Welfare First.
When the budget claims our serious
attention, indifferent to political con-
sequences, then I care not what party
is in the White House or in control OF
Congress there will be no patience WIFI
those who seek to sacrifice the general
welfare to partisan advantage.
The deficit was inevitable. For years
everything has been centering IN WASH
ineton. A new enterprise rarely gets
It's eyes open without rushlng 10 WASH
inptnn to gain license to do Legally
things which are not socially Justified.
Commissions almost without number,
which may to some convey certain
idea of neW-fangled efficiency, have
levied their toll on the public treasury
with the voting of subsidies right and
left, and an extravagant disbursement
of public funds, was it strange that the
soldiers asked for their share In the
distribution, that the small began to
Join the great at the Government crib,
and that there is a call now for dole?
But the fruits of our errors are more
than economic. In looking toward
Washington for everything, we have
been losing that sense Of community
self-dependence which made us great
Nation. We are wavering at the top
because there is loss of vitality at the
root.
Tariff Subsidy Futility.
The governmental attempt at fixing
prices by tariff subsidy proved just as
futile and fallacious as the effort di-
rected by the Farm Board. As a re-
suit, relief must now be devised for
both the farmer and the manufacturer
Their rights are co-equal and the pros
perity of one Is necessary to the other.
am not here to make captious criti-
cism Of the titular leader of the party
In power. He is the President of the
United States, and I respect him off,
cially and personally. With all my
heart sympathize with him in his ur-
happy plight, and I would consider base
either the individual or the political
party that sought to exploit our DESC