The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-03-05

will be changed.
Demanding equal rights and equal
privileges under the constitution for
every American, Murray asserted
that the federal reconstruction cor.
poration will do little good and asked
his hearers to let him know if they
get any of the money. He suggested
i that it would have been better to
distribute it to the ex-servicemen
! since it then would have gone into
circulation in all parts of the coun-
try. He branded it as merely tenn
porary relief and asserted that the
government must reverse the policy
which took the jobs away from the
working men and throttled prosper
ity.
The people have been partly to
blame because of foolishness at the
ballot box, he said. Leadership has
failed and the bankers have coun-
seled their own selfishness by the
issuance of bonds and advocacy of
still more bonds. He said high cost
of living is due to high taxes and
that statecraft "has degenerated in
to matter of barter and sale, swap
and trade"
Swamped by Propaganda
The nation, he said, has been
swamped by propaganda and has
drifted with it into many wrong be-
liefs instead of arriving at it's beliefs
by consideration of the facts and
sound judgment. Only dispassionate
analysis of the causes of economic
ills point the way to a cure, he said.
Declaring that it always is a con-
test between the producer and specu-
lator to see who shall use the wealth
Of the country, Murray said the
credit of the government has been
lent to the spectators on the stock
and grain exchanges. This resulted,
he asserted, in bank examiners tell
ing banks to throw out farm paper
and similar securities and to loan on
stocks and bonds. The result, he
said, was to make few billionaires
and pauperize millions when the
crash came.
Cites Roosevelt Case
Murray said he would control the
exchanges by barring gambling
from the mails and went into his
tory to show how the government
has aided financial interests to make
money. Facing crucial situation
in 1905, he said, President Roosevelt
passed a bill regarding currency
which was "wildcatting" in the most
real sense ever practiced in the
United States, Murray said, but
Roosevelt "got away with it," by
limiting the amount of currency is
sued.
Murray would abolish the present
system OF basing the issuance of
bank notes on debt and base it on
production, instead, by making bale
OF cotton or bushel OF wheat the
security behind currency rather than
Ia commercial note, as now is the
case.
Asserting that surplus wealth needs
surplus government, since it costs lit
tie to protect the poor, Murray said
the wealthy should pay for govern
ment In proportion to the services
rendered. In line with this he would
limit the taxes on homes or abolish
them altogether.
Speaking of national defense, he
quoted Lycurgus as saying the hes.
way to keep Greece from invasion was
to keep Greece poor" He fayors, he
said, a firm and just policy in foreign
relations and said the Democratic
party should stand Tor peace without
|entangling alliances. He is particu-
larry opposed to foreign loans as MAX
ing for trouble and particularly for
loans with which to increase arma-
ments In time of war he. would
conscript property as we'll as meen to
meet the national need.
U. S. At War Often
Indicating disbelief in the impossi-
bility of future wars, he said that this,
a peaceful country. has been at war
one day during each three and half
of its existence and cited history to
prove 1t.
Urging reciprocity and stimulation
Of trade with South America, he said
we have everything they want and
they have everything we want and
that we should stay out of Europe
and the Orient. His tariff policy
would be one of balance determined
by the cost Of production. He would
not put it SO high as to prevent i'm
ports and enable manufacturers to
gouge the public nor so low that
American manufacturers could not
meet foreign competition.
Warning the Democrats that they
cannot win with just anybody" he
advised that they attempt to win on
their merits and not on the shortcom-
ings Of poor old Hover" He granted
Hoover's sincerity and honesty of pur-
pose but asked what could be expect
ed Of any farm boy from Iowa. who
obtained an education in California
and then spent the next Is years of
his life in foreign lands, always de-
pendent on q check from home.