Evening star., 1932-07-31
ROOSEVELT RAKES
POLICIES OF c. 0. P.
Must Lower Tariff to Get For
eign Debts Paid, He Says
Over Radio.
Continued From First Page.)

tCOnIlIueQ FTOIIl f1ISJ IdRe.D
Coolidge and Hoover to finance the
Government. the Democratic nominee
declared, "let us have the courage to
stop borrowing to meet continued
deficits"
stop the deficits" he urged. "and
let us also have the courage to reverse
the policies of the Republican leaders
and insist on sound currency"
1.-The Democratic party said" Mr..
Roosevelt continued, mot only must
Government income meet prospective
expenditures, but this income must be
secured on the principle of ability to
pay.
This is declaration in favor Of
graduated income, inheritance and
profits taxes, and against taxes on
food and clothing whose burden is
these necessities of life on per capita
basis rather than on the basis of the
relative size Of personal incomes"
Sees MuddIed Finance.
Declaring that something more than
domestic balanced budget and a just
revenue system Is needed to restore eco-
nomic balance in the world, Roosevelt
declared:
"Muddled government finance Gre
ateS a general uncertainty concerning
the value Of national currencieS; this
uncertainty has a way of spreading
from country to country. The world is
tormented with it now.
THE United States could well afford
to take the lead in asking for general
conference to establish less changeable
fiscal relationships and to determine
what can be done to restore the
purchasing power of that half Of the
worlds inhabitants who are on a silver
basis, and to exchange views regarding
governmental finance. Nothing could
do more to create stable conditions IN
which trade could once more be re-
sumed."
World Trade View Given
Reiterating the platforms condemna-
ton of the Republican tariff policy
Mr.. Roosevelt sketches what he would
do concerning international trade IN
these words:
"The proper procedure Is to ascertain
all the facts as to standards and costs
of production abroad and at home; 70
publish them widely and then to negotl-
ate with each country affected. Trade
barriers of all kinds ought to be lowered
not by rule Of thumb, but with due
regard to safety and justice-lowered,
nevertheless. as quickly and as definite
lv as possible. Policy needs to be domi-
mated by the realities we discover and
by the national purposes we seek. ThlS
tariff policy, however, cannot be sepa-
rated from our other relations with Ior-
eign countries. The whole thing Ties
in together" - -,
standards of living and tariffs, MI.
Roosevelt asserted:
Peasants who live at lower Levels
than our farmers, workers who are
sweated to reduce costs, ought not de-
termine prices for American
goods. There are standards which we
desire to set for ourselves. Tari1S
should be high enough to maintain nv
ing standards which we set Tor our
selves. But If they are higher they
become a particularly vicious KIND c1
direct tax Which is laid doubly on the
consumer. Net only are the prices OF
foreign goods raised, but those OF DO
mestic goods also.
ut is a difficult and highly technical
matter to determine standards and COSTS
of production abroad and at nome. a
commission of experts can be trusted
to find such facts; but not to dictate
DOllCleS. 1IlG 1dIbo oIlOuAA ~ NA~
speak for themselves, free from preSl-
dental interference"
Touching upon unemployment rene1
responsibility, the speaker declared:
TT has been the theory Qf Republic
can leaders that relief is a local re-
sponsibility, a theory stated repeatedly
and modified only with great reluctance:
The Democratic platform was framed
with an eye to actual human needs.
What could be finer than that bold
and humanitarian statement pledglng
continuous responsibility Of the Gov
ernment (meaning the Federal Gov
ernment) for human welfare, especially
for the protection of children
U. S. Credit to States.
He then quoted from the plank call
ing for extension of Federal credit to
States, expansion of public works pro-
gram. and the establishment OF shorter
hours and fewer work days in Govern
ment service.
Mr. Roosevelt let the party's farm
plank speak for him. 1t. as he quoted
it. called for easier credit restrictions
the cooperative movement, effective
control of crop surpluses" and condem-
nation Of the Farm Board.