Evening star., 1932-10-29

ignorant of the international measures
taken to limit extension of this prairie
fire under my leadership. He ignores
the German moratorium and standstill
agreements in June, 1881, which not
only saved Germany from complete col
lapse but prevented much more ex-
tended distress in the United States
He neglects the creation after the col
lapse in England of the National Credit
Corporation, with capital of $780,
600, 900. in cooperation with American
banks. which saved over 700 institutions,
involving deposits of upward of 10000
600 of our people.
The Governor entirely misrepresents
the fact that the plan to meet this
crisis which swept upon us from Europe
was proposed by me to political leaders OF
the United States at White House
conference on october 6, 1881. further
elaborated in message to the Congress
on December 3, and was not the crea-
tion of Democratic leaders at the end
of December, as he would imply. The
Democratic leaders produced no plan
until they began their destructive pro-
gram few months later, not enc of
which acts he has disavowed. He ig-
nores the fact that the unprecedented
measures proposed and carried through
by the administration would have put
us on the road to recovery eight months
ago instead of having to await the ad-
| lournment of the Democratic House of
Representatives.
And again the Governor, despite every
| proof, keeps reiterating the implication
that measures taken by this admins
tration have brought no fruitful result
| to the common man.
| He has been told. at least by some
| of the men who advise him in his cam
paign, that the gigantic crisis which
the United States faced was escaped
by the narrowest margin, and that this
was due to the unprecedented measures
adopted by this administration. If some
of these very men will tell him the
whole truth they will tell him that they
personally sought to buy and withdraw
| large sums of gold because of their
belief that we could not maintain the
gold reserves.
Facts to Be Recognized
Why can he not be frank enough to
recognize the successful care of the
distressed in the United States; that
vast amount of employment has been
provided; that the savings of more
than 95 per cent of the depositors in
the 20,000,000 borrowers who otherwise
would have been bankrupt by destruc-
tive pressure from forced selling of their
assets in order to pay their debts have
been protected; that the 100000 life
insurance policies which represent the
| greatest act of self-denial of our people
in provision for the future safety of
their loved ones have been sustained
in their validity; that foreclosure of
hundreds of thousands of home and
farm mortgages has been prevented?
He knows that the integrity of our
currency has been sustained. that the
credit of the Federal Government has
been maintained, that credit and en-
ployment are being expanded every
day.
The living proof of these measures,
which were conceived from the human
heart as well as the mind can be found
in the men and women in every city.
every town. every township and every
block in this broad land-for they have
been saved their jobs and secured from
suffering.
I have stated my major purpose this
evening is to speak upon some of the
continuing policies of this administra-
ton in contrast with the policies of our
opponents.
Many of these continuing policies are
dealt with in our platform. I dealt
with many of them in my acceptance
speech. Some have developed in the
course of this campaign Having had
the responsibility of this office for three
and one-half years my views upon such
public questions are already set out in
manv matters in the public record and
public action. do not have to engage
in promises. I may point to per-
formance.
The opposition has shown its true
purposes by the legislation of the last
session of the Democratic House OF
Representatives through their platform,
and through the statements or evasions
of their candidate
OF these subjects I may refer first to
the tariff.
In a recent speech, in discussing the
agricultural tariffs, 1 pointed out the
specific disaster to our farms from the
Democratic proposal to reduce these
protective tariffs. I pointed out that
the Democratic party had in 1918, not
content with merely lowering the tariff,
put large part of farm products on
the free list. I pointed out that the
Republican party had passed an emer-
gency farm tariff bill in 1921 and a
Democratic President had vetoed it. I
pointed out that the Democratic mi
nority in Congress in 1921 had voted
against the revival of the emergency
farm tariff and the Republican major
ity had passed it and a Republican
President signed it.
Farm Tariff Opposition.
pointed out that the Democratic
minority had voted against an increase
sv, III to- &c
an tariff act of 1922 I pointed out
that most of the Democratic members
of Congress voted against the bill car
rying these increases of tariffs in the
special session of Congress which I
called in 1929 for that purpose, but We
passed this bill
In the light of their historic attitude
it is but natural that eur opponents
express their bitter opposition to the
Republican tariff. They have habitu-
ally voted against these tariffs. And
now they propose in their platform
competitive teriff for revenue" and
they denounce the whole Smoot -Hawley
BILL which is mainly devoted to in
crease of the farm tariffs. The Demo-
cratic candidate from the day of his
nomination iterates and reiterates that
he proposes to reduce the tariff. He
eldIco ~ WdS oil u1IWdIIduISQ 1IlCIedSe
of the tariff.
During the first seven weeks of this
campaign he not only adopts their his
toric position and constantly repeats
their platform but reinforces it by re-
peated statements that
L support the competitive tariff for
revenue"
THE tariff law of 1882 was a drastic
revision of the tariff upward, in spite
of the fact that the existing tariff levels
were already high enough to protect
American industries"
I'VE sit on the high wall of the Haw-
ley-Smoot tariff"
Il condemn the Hawley- -Smoot tariff"
"A wicked and exorbitant tariff
Sealed by the highest tariff in the
history of the world
Our policy declares for lowered
tariffs"