Evening star., 1932-10-23

next Congress, especially for further
relief OF farm mortgages. Our pro-
gram has conformed with American
practice, American experience and
American common sense.
1t Is proving that every day. 1t pre-
vented national chaos 1t is today pro-
ducing national recovery.
The FIRST series Of these measures was
proposed on December but the Con-
gress concluded, against my appeal to
its leaders, to adjourn for the Christ
mas holidays and only one of them
was enacted until February.
Obstruction is Charged.
Ccincident with the passage of the
principal of these measures. in the
middle CT last February. the ship began
to right itself. The country began to
show the residence in its resources and
courage, increased employment, upward
trend OF prices Of agricultural products
and to give signs Of again resuming its
activities
There then supervened a whole pc
riod of obstructive and destructive ac-
tions by the Democratic House of Rep
resentatives which I will elaborate q
httls later as showing their real pro-
gram. 1t is now taken for granted
of its natural self because in retrospect
there is such universal recognition Of
its necessity. On the contrary, it has
been wrought out of fiery ordeal Of
hard and honest thought, the facing
of the facts when loose thinking OF
frightened men offered every temptation
of specious panaceas. 1t was wrought
against the art-breaking distractions
and delays of the Democratic House.
But it has in the main been estab-
lished. 1t is working every minute.
Practically the only evidence Of the
attitude of the Democratic candidate
upon this program is the sneer that it
has been designed to help banks and
corporations, that it has not helped the
common man. He knows full well that
the only purpose of helping an insur-
ance company is to protect the policy
holder He knows full well that the only
purpose in helping bank Is to pro-
tect the depositor and the borrower. He
knows full well that the only purpose OF
helping farm mortgage company is to
enable the farmer to hold his farm. He
knows full well that the only purpose OF
helping the building and loan asSocia-
tions is to protect savings and homes.
He knows full well that in sustaining
the business man it maintains the work
er in his job. He knows full well that
in loans to the States it protects the
families in distress.
Jobs Saved for Millions.
Millions Of men and women are en-
ployed today because there has been re-
stored to his employers the ability to
borrow the money to buy raw materials
and pay labor and thus keep lis job.
If he be a farmer it has restored his
ability to secure credit upon which to
produce his crops and livestock If he
be home owner or farm owner in
! Jeopardy Of foreclosure Of his mortgage.
it now gives him chance. If he had
borrowed for any purpose he has not
been forced to the wall by bankruptcy
through inability to instantly meet his
debt. II he has savings in the bank
| it has protected him and removed his
anxieties. II he has an insurance pol
| icy it has preserved the validity of that
| policy. II he be a merchant it has
stopped the calling Of his loans and
today enables him again to borrow to
| purchase his stock and thus start en-
ployment. If he be unemployed it is
| making hundreds Of thousands of jobs.
II he be in distress it enables his State
or city to secure the money which as
Sures him that he will not suffer hunger
I
this city are today receiving their bread
and their rent from the result of these
measures Buy beyond this it is today
! creating new jobs and giving to the
whole system a new breadth of life
Nothing has ever been devised in our
| history which has done more for those
whom Mr.. Coolidge has aptiy called the
common run of men and women.
Now I wish to turn for a moment
| to the specific Democratic program for
| this emergency as shown by their ac-
| tions in the House Of Representatives.
have only to repeat and enumerate
! them. I hope by this time you are
! familiar with them. I can remember
!. them by the dates when they were
passed by the House OF Representatives.
Collier Bill Hit.
January 9. 1882: The Collier bill was
passed by the Democratic House pro-
viding for destruction of the effective
powers of the Tariff Commission. 1t
also provided for an international con-
ference to help US lower American
tariffs. 1t also proposed reciprocal
tariffs, and in vetoing it l stated that
no concessions other than those on
agricultural tariffs would be of i'm
portance to other nations"
MATCH =, 1897. Inc GdSCue OMNIBUS
pension bill was passed by the House
As have said. l vetoed it.
March 7, 1892: The revenue bill. in
troduced by the non-partisan Ways and
Means Committee. was torn to pieces
on the floor of the Democratic House.
1t had to be sent back to committee,
and an inadequate patchwork bill was
substituted and passed. Long and harm
full delays resulted. The injustices in
/ that bill are yet to be remedied.
April 13, 1882: AS I have said.
vetoed a bill passed by the Democratic
House that would have set in train the
opening Of large Indian claims settled
over IS years ago. This was not in
accordance with Democratic claims Of
economy.
l.. May 2. 1882: The Democratic House
l. CONTINUED on Fifth Page)