Seward daily gateway., 1932-10-20

the world This, my friends, is a matter of record and is the story of the spending side of the ledger and is less than one-half of the appal | ling situation.
 "The income side of the ledger is worse. In his December, 1929, re- port the President did not make mention of the stock crash but eS- timated the receipts were greater than ever: fairy story And this in the face of the sad plight of our financial condition six weeks after the crash, The following two years, 1880 and 1881 revealed a steady drop, yet in December the new bud get was approved when the income was in a nose dive; a tail-spin, so to speak. The budget message of the President asserted the deficit was but $18O,OOO,OOO.
 A REAL SHOCK
 Now l am going to give you real shock. The deficit as of June 30, 1892, was s, 50.O00, 900! These figures do not show honest conduct by the Republican administration . You are all we'll acquainted with the particulars of these three points: First-Those famous loans to crippled countries which were supposed to have helped in bring ing nOrmalcy. Second-Retaliation from the monstrous tariff wall which strangled trade. Third The debtor nations who are no longer able to export goods and were forced to abandon specie payment.
 "The conduct of the national finances should not be concealed; they should be brought out into the open for citizens to scan. The result of this past combination is inevitable. Our opponents are now almost franctic. President Hoov- CTS radical economic theories of 1929 have come home to roost and no campaign alibi of the Republi- can party can avert that day three weeks away, on November 8. when the day of reckoning will come.
 APPEAL TO SYMPATHY
 The present strategy of our op- ponents is a direct appeal for sym pathy in their dark hour: They protest they are not to blame.
 I recite this record with gen. ulne reluctance and policy or no policy I pay tribute to the devotion ot the President of the United States. But I indict his admins tratlon for wrong activities; for delayed action and for lack of courage.
 Regardless of the administra- tons statements about the budget being balanced, it is not and the whole job has to be done over again at the next session of Congress. The administration has been afraid to trust the people of the United States with the true state of af- talrS but, on the other hand. is sued such statements as prosper lty Is just around the corner
 Tn recent statements Calvin Coolidge and Alfred E. Smith said That at all costs the national gov- ernment must be reduced without rear or favor. That the people must arise and take charge of the gov- ernment or the government will take charge of them And the first important step is to balance the budget and reduce national ex- penSe.
 CHANGE NEEDED
 "A complete change of concepts IS needed. President Hoover's 1928 speeches opened a new volume: d new thing in government was to put into force. He had reorganized tile department of Commerce. A number recall the book he publish eo' The New Day Now let us check back. The Department of commerce went through the heavvI Hot t41< <l world War strain on s13,oOO, ,ooO. But when Hoover left it the denart- menu was spending $39,OOo, ,0OO. And this year the great Depart 1 ment of Commerce is spending $43,OO0OOO.
 His Temple of Fact Findinp the new Department of Commerce building at Washington, cost more