Evening star., 1932-07-03
.OWEN YOUNG TAKES.
RAP AT POLITICIANS
Declares Political RacketeerS
Are No Better Than Any
Other Gangster.

Owen D. Young administers some
advice to the Democratic party in
Golfers Weekly, out today. On the
general political outlook, he says:
Our political racketeer is no better
than any other gangster. He CANDLES
recklessly, for his own advantage, with
destructive policies both at home and
abroad which ultimately end in the
very economic depression which we seek
to avoid. How can we market either
our industrial or agricultural surplus
to the rest of the world so long as we
act on the principle that we are not
interested in the welfare of any one but
ourselves? had hoped that the old
doctrine Of narrow, self-destroying
selhshness was being supplanted in this
country by a consciousness that men
could help themselves most by helping
others. Isolation in our politics, eX-
clusion in our tariffs, mean that as a
just penalty for our nttlenesS we will
retain the surpluses that we might
otherwise market to the world and
which, as long as they stay with US,
destroy our own prosperity"
For Economic InternationaIism.
On platform questions Mr. Young
begs to differ with many of the pro-
fessional politicians. When they call
for isolation, he advocates an open
economic internationalism. When they
criticize the international bankers, Mr..
Young declares that "the international
bankers have a real purpose in life
fhnn1 hnhQUp lot fhoFTl
it." Replying to charges that big busi-
ness is cold, cruel, destructive and dis
honest, Mr.. Young says it isn't neces-
sarily so-he likes big business and the
bigger the better. As to the World
Court, Mr.. Young bluntly remarks,
Join it; do 1t now"
Turning TO the League of Nations,
tariffs and farm relief. he says: IT never
opposed the League Of Nations. On the
contrary, was in favor it, but as 1t has
turned out I think now I see that the
mistake was made of putting the cart
before the horse. In other words, the
effort has been made to establish politi-
cal unity without economic unity, which
cannot be done. The Leagues record
up to date proves that. Economic exist
ence Is more important to any people
on earth than political freedom, and
whichever Tic TWO COI0S lIJO COI1I1lCL
the latter is always destroyed.
Says Politicians Have Blundered.
Take this country as an example
Here we are down in the depths. Why?
Partly, I think, because for years we
have tried to live half slave and half
free That's exactly what mean: Half
slave and half free. For selfish rea-
sons. which can be ascribed about
equally to industry and politics, We have
created an exclusive tariff barrier
around this country behind which the
industrial half Of our people are free
to make profit out of their activities.
while at the same time the unprotected
other half, the agricultural half. is held
in bondage, not only to the first half,
but also, to the competition Of the world
as we'll
And to remedy this situation. TO
balance it, what have the politicians
done? Instead of correcting the first
blunder they have merely committed
several more. Presenting themselves to
the farmer as his savior they have
created land banks, farm loan banks,
intermediate banks and farm boards,
all of which have had but one tendency.
They have inflated the farmers busi-
ness for him with hot air; made him
believe In system OF 1alse prontS-or
you can spell that another way II you
want to-caused him to go deeply in
debt, because certainly the man who
produces our wheat is entitled to as
many of the luxuries of life as the one
who makes lipstickS, and then, when
the balloon has been expanded as far
as it will stretch 1t blows up. That's
where we are now. The farmers credit
is exhausted, his purchasing power is
gone. He can't buy the things industry
produces. can't pay for those he's al
ready bought, in fact, and industry
stagnates. That, I honestly believe is
the main thing that is the matter with
the United States"