Evening star., 1932-10-20
MELLON |NDORSES
HOOvER'S POLICIES
Regrets Election Is to Be De-
cided on General Issue
of Discomfort"
By the Associated Press.


MANCHESTER, England, October 20.
United States Ambassador Andrew w.
Mellon gave his complete Endorsement
to the record of the Hoover administra-
tion today in an address before the Eng
lishSpeaking Union.
He Endorsed the measures taken by
the administration to meet the eco
nomic crisis, denied the American tariff
has had the adverse effect On trade
with which it sometimes has been cred
tied. and expressed regret the American
election IS not to be decided on the mer-
its Of important policy, but rather on
the vague and general issue Of discon-
tent with existing conditions"
There is disposition on the part OF
many people which Is not unnatural,
perhaps, however unfair it may be, to
blame the President and his admins
tration for the calamities which have
overtaken America and the world" he
said.
1T would be Just as unreasonable to
blame the Governor of Massachusetts,
for the low prices of textiles, or the
Governor of Minnesota for world condi-
tons which have resulted in low price
for wheat.
I'm the case Of President Hoover 1t
Is particularly unfair, for no one has
worked harder-and, think, more in
telligently and with more courage and
vision-than has the President both in
his efforts to avoid impending calami-
ties and to minimize their effects when
they came"
Leadership Held Question.
Mr.. Melons support of President
Hoover echoed throughout the speech.
''Tn fha final analySic ha ca{d Ufho
real question is one of leadership rather
than of issues It Is a solemn de-
cision.
I'm fact, more hinges upon 1t than
is apparent on the surface. for not only
will it determine whether new men shall
be substituted for those now directing
the Nations policies. but 1t means also,
if the country should vote for a change
in administration, that there will be a
waiting interval Of four months during
which the United States and to a GER
tain extent, the world also. will mark
time until the new administration takes
charge next March and is ready to
make decisions then as to its poll
cies
1T is doubly unfortunate. therefore,
that this election at such a critical mo-
ment and fraught with such significance
for America and the world should be
decided not on the merits of some i'm
portant policy but rather on the vague
and general issue of discomfort with
existing conditions which are beyond
the power Of any man or government
to control"
Describes Finance Measure.
1.-THE real question is not what should
be done, but how it is to be DONE" he
continued, the President and his ad-
visers have built for the Nation tempo
rary shelters against the economic hur-
ricane. and defense against fear and
panic"
He described the Reconstruction FL
nance Corporation, measures for expan-
sion OF the powers Of the Federal Re-
serve System, new taxes to balance the
budget and other emergency steps.
las result Of these measures" he
said, I'VE have been able to meet in
full every demand that could be made
upon us. We have proved that our
to Withstand any shock from the out
side world, and that no power outside
the country can undermine the dollar.
THE rapid and abnormal increase in
production which the war made neces-
Sary, and out of which America has
sometimes been accused of profiting Is
the direct cause of most of our troubles
today. especially in agriculture and basic
raw materials" he continued
The present economic crisis is in
part the price We pay for the war, and
it would seem a sufficiently compelling
reason apart from the other horrors OF
war why we should organize ourselves
for peace and determine that no nation
on whatever account shall be allowed to
disturb the peace of the world"