Evening star., 1932-10-16

Inc C6Al VI 1ItSlQtlt I1OOFCA .
address tonight follows:
~ spoke at Des MoineS about
agriculture. My remarks this
evening will be largely directed to en-
pl0yment and to the wage and salary
earners. I propose to review what the
administration has done and the meas
ures and policies it has in action. to-
pether with the relation of these poll
cies to those of our opponents. AS
President of the United States. nave
the duty to speak to workers, but
have also certain personal right TO
speak.
When 7 talk to you tonight about
labor 7 speak not out of academic
! imaginings, but from sharp personal ex-
perience I have looked at these HUI
man problems not only from the fireside
OF one who has returned from days
work with his own hands, but I know
the problem that haunts the employer
through TIE night. desperate to find the
money with which TO meet the weeks
pay roll. In public service during years
past have had to look at these prob
lens from the point of view of ma
tional welfare as whole.
People Have Right to Ask.
The people Of a free nation have a
right to ask their government, "Wny
has our employment been interrupted?
What measures have been taken in our
protection? What has been done to re-
move the obstacles from the return OF
work to us?" They not only have
right to ask these questions, but to
have an answer. l am mere tonlght 10
give that answer.
During the past three years our eco
nomic system has received the most
terrific shock and dislocatton which, had
not strong action been taken by your
: Government. would have imperiled the
tRepublic and the whole hope OF recoF-
: erv. It has affected business, industry,
employment and agriculture alike. 1t Is
appropriate to repeat that while many
of our measures are directed 10 the
! protection and assistance OF partlculaI
; pro,ps vet all are in the same boat and
; all must come to shore together ana
, how are they to get to shore? BY lis
, tening to those who manifestly display
a lack of knowledge of the character
Of the storm and of the primary prob
lens Of nayigation? BY boring holes In
: the bottom of the boat? BY throwing
, overheard the measures designed 10
. meet the storm and which are proving
their effectiveness?
Charge Held Untrue
flllr COOCnenlS lldNc pNSil tSii'S Nf
and down the land repeating the state
n,en+ that the sole or major origins
of this disruption and this world-wloe
hurricane came from the United states
through the wild f1otation of securities
and the stock market speculation IN
New York three years ago, togetner
with the passage of the Smoot-HaWley
tariff bill. which took place nine months
after the storm broke.
I propose to discuss this assertion.
First. Because it can be proved ab-
solutely untrue.
second. Because the United States
did not bring this calamity upon the
world The United States Is not the
oopressor of the world.
Third. Because it can be demon
etrated to be founded upon a complete
misunderstanding Of what has nap
pened in the world.
Fourth. Because any party which
exhibits such lack Of economic un-
derstanding upon which to base ma
tional policies should not be trusted
with the fate Of 25.o00,OOO American
families They should not be trusted
to command the battle against the
most gigantic economic emergency with
which cur people have ever been con-
fronted and to bring that battle to
victorious issue in the re-establlShment
Of the functioning of our economic
machine.
Fight Is Victorious.
This thesis of the opposition as 10
the origin of our troubles Is Won
derfuI explanation for political pur-
poses. I would be glad, indeed, II all
the enormous problems in the world
could be simplified in such fashion.
II that were all that has been the
matter with us, We could have recoV-
cred from this depression two years
ago instead of fighting ever since that
time against the mcst destructive forces
which We have ever met IN the Wnole
history of the United StateS-and L
am glad to say fighting VIGOROUSLY.
Nowhere do find the slightest refer
ence in all the statements of the oppO-
sition party to the part played by the
greatest war in history. the inherltances
from it. the fears and panicS and dread
full economic catastropheS which nave
developed from these causes in foreign
countries, or the idea that they may
have had the remoteSt thing to do with
the calamity against which this ADMIN
1stration is fighting day and night.
The leaders of the Democratic party
appear to be entirely in ignorance OF
the effect of the killing or incapacitat-
ing of 100000 of the best youth OF
the earth. or Of the stupendous cost
of war-a sum of 300.000,000 600. or
a sum nearly equal to the value Of all
the property in the United States. or
the stupendouS inheritance OF DEBT,
with its consequent burden of taxes on
scores of nations, with their sitting
effect upon recuperation of industry
and commerce or paralyzing effect upon
world commerce by the continued in
,,pinc h1JdG0tS
Treaty Responsibility Cited.
Democratic leaders have apparently
not yet learned Of the political insta-
bility that arose all over Europe from
the harsh treaties which ended the
war and the constant continuing polit-
ical agitation and creation of fear
which from time to time paralyzed
confidence They have apparently
never heard of the continuing economic
dislocation from the transfer on every
frontier of great masses of people from
their former economic setting.
They apparently have not heard OF
the continuing dislocation of the stream
of economic life which has been caused
by the carving of II new nations from
three old empires. These nations have
q rightful aspiration to build their own
separate ecoronc systems: they natu-
rally have surrounded themselves with
tariffs and other national projections
and have thereby diverted the long
established currents of trade. I pre-
sumo, however. that if our Democratic
leaders should hear of these nine new
tariff walls introduced into the world
some "A years ago they would lay them
at the door of the Smoot Hawley bill,
passed u years later.
They apparently have not heard of
the increase OF standing armies of the
world from two to five million men,
with consequent burdens upon the tax
payer and the constant threat to the
peace of the world.
Ignore Results of RevOltS.