Evening star., 1932-06-30
PLATFORM GIVEN
FINAL APPROVAL
Welfare Plank Only New One
Added at Today'S
Session.
Continued From First Page.)

Continued From First Page)
Hayes of New York, two personal friends
of the former Secretary of War, are in
charge of the Baker office. Both men
said they were acting on their own
initiative and without formal sanction
by the Ohioan.
The Baker headquarters Is In a
modest room just upstairs from presi-
Dental row in the Congress. No signs
or banners are around, but there is
steady stream of delegates going in and
out of the almost secret office.
Ayres made no predictions and said
he was working among no particular
group Of delegates, but that he was
hopeful of a break" that would open
the way for a Baker nomination. He
said the Ohio man would not be placed
in nomination.
Mississippis 20 votes will be cast
under the unit rule for Roosevelt on
the first ballot.
The delegation voted in caucus this
morning 1912 to 9la to support the New
York Governor on the first ballot, and
then poll the delegation to determine
whom to give their vote on the second.
The decision came at about the time
that Roosevelt headquarters was eSti-
mating that its candidate would get
705 votes on the first ballot.
The afternoon session was even SLOW
er than usual in getting itself under
way. The delegates filed sleepily into
the stadium, and further troubles over
tickets kept the galleries almost empty
until long afternoon the chosen hour
of noon had passed. At 1890 not half
of the convention personnel had arrived
| and the spectators were just beginning
to come in in small groups.
The Roosevelt managers, after a con-
ference, indicated they would stand
against the McAdoo bank guarantee
plank, but whether they would make a
real point of it remained to be seen
The plank lost out in committee by
V, ; small margin.
Convened at 1910.
The chairman, Senator Walsh Of
N ltana seemed bent on getting ahead
with the business Of the day In spite of
the absentees. At 12:40 he pounded for
order, and without waiting to get it,
presented George Shaw Cook, a Chris
tian Science teacher OF Chicago, who
pronounced the opening invocation. A
minute Of silent prayer. followed by the
Lords Prayer
McAdO0 Takes Floor.
Ascending the platform amid an ova-
tion, William G. McAdoo, Wilson's
wartime Secretary of the Treasury and
himself candidate for the presidency
in two conventions, asked the conven-
tion to- approve his plank for guarantee
ing the deposits of banks which are
members of the reserve system.
In matter OF such great Importance
to the country I felt that it was i'm
perative that the Democratic party
should announce really and unequivo-
cal1y whether or not it shall be the
policy Of this body to protect by legis-
lat1on the safety of the people who
place their money in banks"
Il would remind you that in 1912
when we committed ourselves to bank
ing reform we enunciated as part of
the policy of the party in the party
platform, hut we did not say we would
adopt any particular system, for we
had to leave that to Congress.
After months of discussion and ar
gument and negotiation we enacted the
Federal Reserve law, and we wish now
to enunciate policy for the party in
the next Congress. where we undoubt-
edlv will have large majority, which
will make safe the deposits in the
banks"
Glass Opposes Plank.
Reserving part of his time for
concluding argument. he yielded the
floor to Senator Carter Glass of Vir-
ginia, also a Treasury Secretary under
Wilson and one of the authors of the
law creating the reserve system, chosen
to speak against the plank.
This matter projected by Mr. Nc
Adoo is Of such supreme Importance to
the harmony and success of the Demo-
cratic party. and to the integrity of the
Banking Committee, that I would feel
recreant to my duty did not at the
insistance of the majority of the com
mlttee, protest against the minority
plank.
THE plank will inevitably be con-
strued by the banking community Of the
United States, by the business COM
munity, as a guarantee of bank de-
posits, and that being so, it will create
spirit of unrest and distrust of the
Democratic party.
Secretary McAdoo proposes to con-
fine his proposition to the 1900 banks,
members of the Federal Reserve Bank
ing System. I tell this convention that
if it adopts this plank it will drive out
VI IIlc fEUeIdl fCtSGINc DySbeIl tic
strongest supporting banks that that
system now has in its membership"
Glass was given a cheer when he
finished his short speech. which he de-
livered with characteristic vigor and
emphatic gesture.
Would Mean Votes.
McAdoo, replying said there was no
man he more respected than Glass,
''but when I hear him say we should
not do this because it will arouse the
opposition Of powerful interests, he
isn't talking democracy"
He talks about banking secession if
we do the things the interests of the
people demand. In 1913 we had those
threats from the most powerful banks
in the country"
If the party refused TO take this STEP
he said, you'll lose more votes than
you can count in a week"
THE whole West" he declared, "is in
favor OF this sound proposal"
AS he concluded, McAdoo stopped to
shake hands with Glass before he left
the platform. Chairman Walsh, post
pcning a vote, presented DR.. Rufus A.
Hagood of Honolulu, who made a speech
for proposed plank to put the party on
record for home rule in Hawaii"
The proposal he said does not mean
independence.
1T simply means" he went on, ''that
the people of Hawaii will have the right
to recommend who shall be put into
official position there"
AS he left the platform, Hagood
amended his proposal so that it pro-
posed "home rule" for Alaska as we'll
as Hawaii.
District Plank Offered.
Presenting a brand-new proposal,
Willis e Reed of Madison, Nebr., for
mer State Attorney General, asked that
the party declare "a moratorium at
home for a reasonable time, thereby
assisting the people in saving their
homes and business; direct the Inter
state Commerce Commission to readjust