The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-05
TAKE c. O.P.
OR RUIN u. S.,
SAYS HOOVER
Democratic Program will
End All Recovery Hope
President Asserts.
Continued From Page One

fear We should be forced on to
paper money basis.
Being forced of the gold stand
ard in the United States meant
utter chaos. Never was our nation
in greater peril, not alone in banks
and financial systems, money and
currency, but that forebode dangers,
moral and social chaos, with years
OF conflict and arrangement"
He told then Of the reconstruction
program set up TO halt these de-
moralizing influences.
Assails Democrats Bitterly
A bitter warning against turning
the nation over to Democratic rule
was issued by the President. He
attacked the record of the house of
representatives under Democratic
leadership.
1T is by their acts in congress and
their leadership that you shall know
them" he said
The Democrats, he said, produced
the cash bonus bill which was passed
under their leadership by the house
Of representatives.
Il opposed it, said Mr.. Hoover
1T failed to pass the senate. Under
that bill 1t was proposed TO expend
S2,300000,OO0. Worse still, the bill
they passed provided the bonus
should be paid through the creation
OF sheer fiat money"
Attacks House Bills
They passed a price fixing bill
creating what might be called
colloquially the rubber dollar. 1
opposed this. It was held up in the
senate. They passed a provision for
loans to corporations and everybody
else whether they were affected and
guarded by public interest or not.
1T would have made the govern
ment the most gigantic pawnbroker
Of history l vetoed this measure.
They passed other measures with
this same reckless regard for the
safety Of the nation.
Let us be thankful for the
presence in Washington of a Re
publican administration.
AT a time when the most vital
need was for reduction in eX-
penditure and balancing the budget
to preserve the stability of the fed
eral government they produced a
program of pork barrel legislation
in the sum of 81 200 100000 for nom
productive and unnecessary perks at
the expense Of the taxpayers.
Asks for Comparison
"The bonus bill would have made
our currency the football of every
speculator and every vicious ele-
ment in the financial world at the
very time when we we're fighting
for the honesty of American dol
lars.
"All this undermined public con-
f1dence and delayed all the efforts
of the administration and the pow
erful instrumentalties which we
had placed in action to save the
country. These measures, repre-
senting the dominant Democratic
control, brought encouragement
and delay to recovery.
That recovery began the moment
it was certain that these destructive
measures of the Democratic house
were stopped. Had their program
passed it would have been the end
of recovery. If it ever passes 1t VIII
end hope OF recovery.
Acts Never Denied
"These measures we're not simply
gestures for vote catching. THESE
ideas and measures represent the
true sentiment and doctrines OF the
majority in control of the Demo-
cratic party. A small minority OF
Democratic members disapproved
these measures, but these men OBJ
viously have no voice today.
AT no time in public discussion
of the vital issues of this campaign
has any Democratic candidate, high
or low. disavowed these destructive
acts which must emerge again If
they come to power.
Il ask you to compare this actual
Democratic program and these
Democratic actions with the con-
Structive program produced by the
administration to meet the emery
ency"
Mr. Hoover defended the Repub-
lican tariff policy as staunch ally
of the agriculturiSt and declared the
Democratic proposed revision of the
tariff would increase the seriousness
of the farmers plight
Denies Roosevelt Charges
Though he did not mention Gov
ernor Franklin d. Roosevelt by
name Mr. Hoover apparently had
the Democratic nominee in mind
when he referred to AN amazing
statement" made in Iowa a few
days ago to the effect the RepIb-
lican tariff brought drain on for
eign nations gold reserves which
forced them off the gold standard.
Mr. Hoover denied this was true.
The Democratic assertion that the
high Republican tariff has resulted
in reprisals abroad contains half
dozen suppressions of truth" he
said
Mr.. Hoover declared the federal
farm board. with the exception of
the sterilization features. had
proved a benefit to agriculture.