Evening star., 1932-10-11

James A. Reeds address:
I might paraphrase the creed OF the
hammedan-"There is but one god
Mammon, and Hoover is its prophet"
In his Des Moines speech and else
where in the campaign Mr.. Hoover told
the people that he now has plans to
restore prosperity, and that these plans
will certainly work. 1t will be observed
however, that none of them can be
demonstrated until after the election
What we are asked to accept, therefore,
is Mr.. Hoover's prophecies as to the
future.
The test of the reliability Of prophet
is the way his prophecies have turned
out.
Prophecy October 6, 1928, at Eliza
bethton. Tenn): Il have endeavoreo
to present to you the policies which
have made and will make for pros
perity of our country. They hold the
hope of the final abolition OF poverty.
In the same campaign a full-page
declared that Hoover's
election meant a chicken in every pot
and two cars in every garage to boot.
These prophecies are too long to pe
repeated. TkSg were made over ano
over again, not once. but scores OF
times.
Meat Expansion Predicted.
Prophecy tSan Francisco, July II
1929: The outlook of the world to-
day is for the greatest era OF CONNER
cial expansion in history.
(At that very moment we were IN the
widest era Of speculation, and prudent
men were sounding notes OF warnlngo
The fulfillment October "a, 1919
New York Herald-Tribune: Stocks OF
five billion in severest break OF Wal
street history" In the face OF tina
calamity Hoover again the next Gay
prophesied:
Prophecy: 1.-The fundamental bust
ness of the country-that is, production
and distribution Of ccmmoditios-is or
a sound and prosperous basis.
The fulfllment November l3, 1929
New York World: "Stccks crumble tt
lowest levels"
Prophecy November, 1929. Hoove'
statement to press: ANY lack OF con
fidence in the economic future or basi'
strength of business in the United
States is foolish"
December. 1890. Hoover in message
to Congress: Economic depression
cannot be cured by legislative action o.
Executive pronouncement.'
Yet that is what he is now sayint
can be done and that it has been &C
complished.
Change to Better Times Seen.
Prophecy, January 81. 1880, new
dispatch: Definite signs that bust
ness and industry have turned th'
corner were seen today by Pres
ident Hoover. The President said tha
reports to the cabinet showed that tht
tides of employment had changed IL
the right direction"
Prophecy, January "a, 1880, Hoover
Business Survey Conference: Trade
recovery now complete. No stimulanct
needed"
Prophecy. March 8. 1880, Washing
ton dispatch: President Hoover pre-
dicted today that the worst effect o
the crash upon unemployment will hav'
been passed during the next 60 days
Prophecy, May /, 1880. Hoover ad
dress to the Chamber of Commerce
While the crash took place six month!
ago, I am convinced we have nov
passed the worst. We shall rap
idly recover. There is one certainty o
the future: = d" that is prosperity"
Fulfillment, october 81. 1880, Wash
ington dispatch: President Hoove
has summoned Col. Arthur Woods Il
help place 100000 persons back II
work this Winter"
A prophetic plan, June Is, 1881
Hoover address to Indiana Republican
Editorial Association, Indianapolis: ',
am able to propose an American plar
to you. We plan not only t.
provide for all the new generation
We plan to secure greater diff
fusion of wealth, a decrease in povert,
and a great reduction in crime
The fulfllment, August 2. 1881. New
York Times: "Operating schedules il
many manufacturing establishment
were cut still further and the numbe
of part-time workers increased in July.
Foreign Influence Cited.
The fulfllment, October 1s, 1891
Hoover's radio address. Fort Mon
roe: THE depression has been deep
ened from abroad by forces which ar,
beyond the control of either our citi
zens or our Government"
Here is a conclusive certificate o
Hoover's unreliability as prophet.
1t comes from the then chairman o
the Republican National Committee
Simeon D Fess:
October Is, 1880, F2ss Reported il
New YORK World: Every time an ad
ministration official gives out an opti
mistic statement about business condi
tions the market Immediately drops"
Here is the conclusive proof tina
Hoover had all along been falls
prophet. The Republican platform:
We meet in a period of widespread
distress and of an economic depression
that has swept the world The emer
gency IS second only to that of a grea
war. The human suffering occasionet
may well exceed that of a period o
actual conflict"
The disregard for truth and tn
hypocrisy of Republican leaders i
finally demonstrated by the speech o
notification of Mr.. Smell He stoot
and told Hoover to his face:
You have averted financial pani
that threatened Europe and SO kept j
from our shores"
And Hoover, with unblush1ng asSur
ance, accepted the compliment ant
graciously thanked the speaker.
Other Prophecies Stated.
But Hoover was not the only prophet
All the lesser prophets of his cabine
were similarly seized with the gift o
foresight Mellon declared that wage
would not be reduced and then orderet
a 10 per cent reduction in the alumni
mum works. Davis, Secretary of Labor
asserted that unemployment had cease,
and men were going back to work. Tha
was his political ''come-along," some
what similar to the recent lottery ex
ploitation. Mills, Lamont, all of then
gathered about Hoover and substan
tiated all of the false and foolisl
prophecies he had made
Senator Watson in the Senate de
clared in substance that within a yea
after the signing of the Grundy tarif
bill prosperity would be again at floo'
tide
Surely the time has come when W
should cease to pace confidence il
either the prophecies of schemes of MI
Hoover.
uic ,,raJ;ofio,,c box,o oo,,oa 70 oo,obt