The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-10-21

= o N T l N u E ID
~ from page ono
Would Re-Finance
Farm Mortgages,
He Says in Speech

blen," Governor Roosevs.. -aiS. ~.
our first concern In national rehabil-
itation. My program Is oppcs-
ed to and aims to stop the ruthless
foreclosure Of farm mortgages
Accusing the administration Of be.
ing "derelict' in employing the $l25,.
100000 new capital Of the federal land
banks to assist the struggling farmer
debtor, Governor Roosevelt announc-
ed
II shall recommend legislation to
the congress for the scaling down of
amortization installments Of federal
land bank borrowers when in the
Judgment of bank directors conditions
Justify such action. with provision for
deferring such unpaid amounts to the
end of such amortization periods.
This partial and temporary exten-
sion will help the farmers to save
their farms until they can secure a
better net income through the work.
ing out of the plans which have dis
cussed for the solution Of the general
farm program"
He charged that some of the joint
stock land banks have pursued a
policy of destructive selfishness con-
trary to the spirit and purpose of the
farm loan act
Saying President Hoover in his Des
Moines address took occasion to dis
claim responsibility for the policies
of these Joint stock land banks" he
asserted that "for this failure to en-
force the law, the president and
his administration are to blame
Would Exercise Powers
II PROPOSE" he said, that these
powers of the federal farm board Ito
exercise general supervisory author
ity over the federal land banks, ma
tional farm associations and joint
stock land banks) shall be fully eX-
ercfsed to the end that this Distress
ing situation shall be Immediately re-
NEEDED and to the end that the en-
lightened purposes of the Democratic
created farm loan act shall be fully
carried out"
President Hoover at Dies Moines, he
said. made but a grudging and hast
lily improvised attempt to hang onto
the coat tails of the farm mortgage)
policy enunciated by the Democratic
party this year.
To Aid Coal Miner
Charges of Republican "intimida
tion,' promises of aid for the coal
mining industry and farmer, new
pledges to seek added revenue by le-
CALLING beer-these were campaign
weapons of Governor Franklin d
Roosevelt Friday as he pushed OF,
toward Springfield.
Speeding out of Indiana, which he
hailed as mot even in the doubtful
class" the Democratic presidential
nominee expressed a determination
if elected to undertake sterilization
of the coal industry by common
sense" methods.
To the crowds swarming about the
observation platform Of his special
train at Terre Haute Thursday night
he declared he felt very strongly
that "a new administration in this
country will bring back the level of
farm prices and can do much to aid
the coal industry"
I'm not going to appoint lot OF
commissions when I 60 to Washing
ton." he said. But I'm going to un-
dertake to get the coal industry sta
bilized and not just have lot of
! talk"
When he campaigned in the same
region in 1920 at the close of the
Wilson administration" he said,
most OF the coal mines in this part
of the state were in operation. most
of the farms were able to pay their
taxes and keep their farms
Different Picture Now
II am afraid that if now Travelled
| through this part of the state" he
added, Il would sec different pic
| ture.'
| Entering Illinois, he said at Mat
| toon the only question in his mind
was whether he would receive the
larger majority in that state or in
his own native New York.
Before huge open air throng es-
timated by police at between $4,000
and $4,000, the New York governor
at indianapolis a few hours earlier
referred to the propaganda of fear
which bangles the old ghost of
panic before our eyes,"
In a second address at Indianapo-
lls-before party workers assembled
at the Claypool hotel-he asserted
telling the nation the country is
going to the bow-wows unless the Re-
publican administration is reelected
is kind of intimidation.
THE country has not gone to the
dogs when it had a Democratic aG-
lninistration." he added, raising his
voice. land it is not going to the dogs
when We take office on the fourth o.
March"
Policies of the administration, he
told the multitude assembled in the
Indiana capitals monument circle,
have permitted the uncounted riches
OF our mines to lie unused while those
who stand ready to work them Starve
in the very presence of riches"
On that occasion, too. he asserted
the Democratic party wants to ac-
quire through a sound federal policy of
federal taxation on beer, some of the
countless wealth now going into the
pockets Of racketeers and bootleg
gers"
Hears Shouts of Beer
At shout of beer" from someone
in tho crnUd at Torro HoNtoo Coy,