Evening star., 1932-10-16

L Al W. IL ANo
countries would increase their buying
power by probably a billion dollars q
year. It would release thousand en-
ergies among their people.
Further, we have taken part In the
development Of world economic con-
ference to be held later in the year to
consider multitude of monetary and
other economic questions which will
reduce the obstacles to recovery
In this connection, WITH all these
problems, the European war debts 10
the United States constantly arise. I
have consistently opposed cancellation
of these debts. The Democratic candi-
date, to use his own words, proposes
to reduce our tariffs so that out of
Europe's profits through the increased
trade they would obtain from us Europe
would pay us these debt annuities. That
is vastly worse than cancellation. This
would take money out of the pockets
of the farmer laborer and business man
to pay Europe's debts.
Would Utilize Debts.
In the constructive handling Of this
question 1 have said that 1 would favor
the utilization of war debts to ad-
vantage agriculture and labor. Such
action has received support Of many
leaders of labor and agriculture.
I am confident that if these policies
which We are proposing in building up
In these three directionS-that is, dis
armament, economic stabilization of the
world, and the proposed use Of these
debts to secure the ends I have men,
tioned-are carried out, I believe We
can confidently hope to promote more
rapid recovery, and that we can greatly
safeguard ourselves from future eco
nomic shocks.
And that is the record of organiZa-
tion and measures in aid TO labor. 1t
is radical in its defense of our peoples
interest; it is progressive in constructive
advancement Of our people; it is con-
ServatiVe in maintaining the funda-
mental principles of American life.
I should like to digress for moment
to a more personal matter In my hand
1 have a copy of the instructions issued
by the Democratic National Committee
to their speakers. 1 find a paragraph
referring to my dark labor record"
l am glad that is neither pink nor red.
But they say: First and indelible his
early record Is clouded by his former
partnerships which contracted cheap
Chinese coolie labor in South African
mines" 1t goes further with references
to statements of Democratic leaders
grieving over this coolie labor and i'm
plies that 1 engaged in the slavery of
human beings.
Old Records Are Cited
This calumry has been disproved and
denounced time and again. Some OF
my friends have even gone to the ex-
tent OF digging up the public records
of % years ago, which show that at
the time Chinese labor was imported
into South Africa I publicly protested
on the grounds that high-paid skilled
labor would do the work more eff
ciently, and further, no South African
concern with which I was ever con-
laborer. But, more important than
this 1 happen to have in the files in
Washington. from the man who first
penned those lies. a statement under
oath, humbly and abjectly withdrawing
them.
Such contemplate statements in
political campaign would be ignored
were it not that they were issued by
the authority Of the Democratic Ma
tional Committee, and they would be OF
no interest to the American people ex-
cept that it is proposed that a political
party shall be placed in power over
10000. 600 of people on the basis Of
votes secured in this manner.
I should like moment also, shortly
to indicate the Democratic record of
action during this trying period.
The Democratic party has laid be-
fore the country its program both in
the last session of Congress and in the
promises of its candidates
Craftsmanship Is Need.
At no time in the history of the
United States have We required more
constructive craftsmanship than in the
past two years The Democratic party
in the last congressional election prom
ised a definite program for restoration
of the country. That program was not
disclosed until 18 months later in the
House of Representatives which they
controlled Aside from the patriotic
support of some of their members to
our program, the organized program
of their party was evidenced by pass
age through the House of series of
bills which had to be stopped either
by veto or successful opposition in the
Senate through public support. These
bills consisted of an omnibus pension
bill: of an order to the Federal Re-
serve Board and the Treasury to fix
prices in the United States, which they
could not physically carry out; of
81 200 100000 pork-barrel public works
bill; of payment of a cash bonus to
veterans of S2.30O.0O0O00; Of the is
suance of 50 300 100000 of old-fash-
iOped pree,o ha ckS uhich have rpfPrrPd
to; of the destruction of the effective
ness of the Tariff Commission. and Of
placing the United States Government
into direct and personal banking on
a stupendous scale.
Instead of decreasing Government
as they are assuring the
country that they will do if they are
given full control of the Government,
they failed to accept the recommended
ton of the administration for reduction
of expenditures. and on top of it they
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