Evening star., 1932-09-29

financial panic Of the first magnitude,
superimposed upon major business
and agricultural depression. He gave
in detail the program presented by the
President to the Congress to meet this
urgency. Then he compared it to the
program Of the Democratic House dur
ing the last session of Congress, put
through that body under the leader
ship of Speaker Garner. now the Dem
ocratic vice presidential candidate.
The result Of the Democratic pro-
gram, had 1t been made effective. Mr.
Mills said, would have been disaster
final and irretrievable"
In contrast" he continued, "the
corner stone Of the administration
program was the maintenance unim-
paired of the credit of the National
Government at all COSTS"
Gov Roosevelt was mentioned by
name by Mr.. Mills only once, and that
in connection with the Reconstruction
Finance Corporation. He said that
Roosevelt, through loose and unbound
ed charges, had conveyed the impress
sion that the loans made by the cor
poration were to the great city banks
and other big institutions He declared
that the contrary was true, and that
the great majority of the loans were
made to banks in small towns. He con-
tinued:
Gives Bank Statistics.
specifically, on August 81, 70 per
cent of the banks to which loans had
been authorized were in towns of less
than 5000 population; 86 per cent in
towns of less than 25000, and 80 pei
cent we're in towns of less than $4,000
Looking at 1t from another angle, we fine
that loans have been authorized tc
more than 20 per cent of all the banks
in the country, these banks having
about 100000 of the 100000 bank
depositors in the United States.
I'VE have faced fearful difficulties
we have sustained terrible shocks, but
under wise and resourceful leadership
our resources have been so modified
as to bring us through safely, though
| with much suffering and damage"
America has had more popular
in the petty arts of politics, Presidents
better able to dramatize themselves anc
| their actions, but America has had nc
President who acted more swiftly, with
surer decision, achieved more, and II
the face of overwhelming danger, where
| failure meant nationwide disaster
more fully measured up to the require.
| ments of leadership than Herbert
| Hoover"
Large Democratic Vote.
The insurrection against the Repub'
licans in Michigan began a year ago
| when in the old Fordney district, which
had been staunchly Republican fol
years and years, Michael Hart, Demo
crat, was elected to fill House vacancy
| chasing
up and down the G. o. P. backs was
! the big votes rolled up only recently ir
the Democratic primary for the nom
| ination of governor, lieutenant gov
ernor and members of the House. Ir
Detroit the vote cast for the three
| major Republican candidates for gov
ernor was 159,077, while that cast fol
the three major Democratic candidates
for the same nomination was 163, ,4O7
| Out in the State, the Republicans die
much better, but even in the other sec
tions of the State the Democrats rolled
up unprecedented votes for their candi'
| dates. The registration of voters II
| Detroit reached the new high this veal
of 100000. In 1928 it was only $4,000
and there are still some further reg
istration days. The Democrats read init
this increased registration determna'
ton on the part of disgruntled citizen!
to come out this year and register thell
opposition to the powers that have beer
in control. The Republicans fear tina
such Is the case.
In the weeks remaining before elec.
ton day the Republican spellbinder
will go up and down the State telling
the voters that If the Democrats ar
elected business will be still worse thar
it is at present Some of them believ'
that already the tide has been stemmet
and is setting back toward the G. O.