The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-10-12
(Officlal City, State and County
Newspaper
Foreign Representatives
SMALL. SPENCER, BREWER
UncorporateO
CHICAGO NEW YORK BOSTON
Asks No Quarter

Nk14NA1O AVE-" 4O1s1A DIV ASA>
Asks No Quarter
Former Senator James Reed. an
implacable political foe Of great for
ensic ability, turned the big Berthas
Of his oratorical fury Monday night
upon President Hoover. He stood on
the same platform where President
Hoover a week ago had defended his
policies and had INDUCED in fresh
promises and more prophesy. ELM
mating some of the harsh epithets
which characterize Mr.. Reeds style
of political offensive, the fiery Mis-
sourian de-bunked many phases OF
Mr.. Hoover's Dies Moines speech
From a Democratic standpoint, his
speech was the equal If not the su-
perior of Mr.. Hoover's, simply be-
caust Mr.. Reed had both the best
side of the question and the better OF
the argument.
Both Calvin Coolidge and Mr.
Hoover sought to steady public con-
fidence in the bull market of three
years ago: the one by cautioning in
vestors not to sell their country short
and the other by positively stating
that business conditions were funda-
mentally sound. These were serious
errors Of judgment which Mr.. Reed
justly excoriated. He was on sound
ground, too, when he criticized Mr.
Hoover for series Of foolish utter
ances during the campaign of 1925
relative to the abolition Of poverty
and the Republican promise of a
chicken in every pot and two cars in
every garage.
Mr.. Reed gave all array of Repub-
lican promises, most of them from
the mouth Of Herbert Hoover, which
have never been realized and a long
list of prophesies which time has
proved to be mere idle chatter.
He successfully challenged and dis
posed of Mr.. Hoover's charge that
Roosevelt, il elected, will remove
tariff protection from agricultural
products. The Democratic candidate
for the presidency has said no such
thing but has pointed out how De-
mocratic congressman have cooperat-
ed in protecting American agricul-
ture against unfair competition.
In reading telegram from Sena-
tor Glass, author of the federal re-
serve board, Mr.. Reed demolished
Mr.. Hoover's main argument that
had he not acted as he did the Uni
ted States would have gone off the
gold standard. Mr.. Reed revealed
that the opposite was true and that
this nation was never in any danger
Of going off the gold standard. He
quoted stock market reactions to the
Hoover statement to show that such
utterances did not improve national
credit at all but depressed prices OF
stocks and agricultural products
alike.
X X X
MIR. Reed successfully refuted the
arguments of Mr.. Hoover in seeking
to label the Democratic party as one
of unsound currency in this cam
paign. The Missourian read from
the platform of the Democratic par
ty which is firmly for sound money
and also for an international none
tary conference to seek greater elias
ITCHY and stability of currency.
Probably some OF his utterances
directed against Mr.. Hoover's per-
sonal affairs had been better left
unsaid, but the Republicans in their
attacks upon Mr.. Roosevelt have
pictured the New York governor as a
sort of modern Don Quixote. fighting
windmills and uttering pretty moth
ings. Both Secretaries Mills and
Hurley have dealt in attacks upon
Roosevelt bordering on the personal
so that Reed, in a manner all his
own, referred to Mr.. Hoover's long
residence In England and touched
upon his mine promotions merely by
reference.
This address probably will be q
signal for q vigorous reply on the
part Of the Republican defenders
No one can dispute successfully the
logic Of Mr.. Reeds attack upon the
Republican theory that prosperity Is
Z special asset Of that party. He
challenged them to take the respon-
sibility for the hard times as logi-
cal and consistent stand because they
always claimed credit for prosperity
He made very strong point Of
Republican indifference to the sher.
man antitrust act since the Hardius