Nogales international., 1932-11-02

&F2aZAS ~$'~-~~~~~~A
PAT eAsa.sos and the inspiration
of republican leaders. They know
that when Mr.. Hoover became presi-
dent Oh March 4, 1929, there was eco
inonllc peace in the United States,
that new policies were Immediately
advocated and adopted that have
changed the whole economic situa-
.tion.
The Grundy- Hoover tariff law is
the handiwork Of the Hoover admins
traticn. President Hoover apologized
fer it when he signed the law, but he
did nothing to prevent it's enactment.
Indeed, he called the congress in ex-
traordinary session when he was elect
ed and directed it to revise the tariff.
He was told daily of the ruinous effects
such changes in rates as were being
persisted in would bring upon Ameri-
can industry and American prosper
ity.
These warnings were not confined
to political opponents, but more than
thousand Of the most respected
economists throughout the country
warned the president what would
happen to cur International trade,
foreign relations and to American in
dustry and labor If the law should
be enacted. And never were truer
prophecies made than those Of the
economists regarding the effects Of
this tariff legislation.
These able gentlemen pointed out
that such law would force foreign
countries to retaliate and erect their
barriers against the sale Of our sur
plus products. They asserted that
American factories would be forced to
close and move to foreign countries
and give employment to foreign labor,
thereby adding to our own unemploy-
ment in this country. They pictured
falling off of our foreign trade, an
impairment Of Our good relations with
foreign peoples, and the adoption Of
cartels, boycotts and quotas upon the
part Of foreign countries against the
purchase Of American goods abroad.
Every one can now see that the
Grundy- Hoover tariff law had most
distressing effect upon the economic
life Of our people and that those
things that were predicted have
come true. They can be seen on
every hand. Factories are closed, un-
employment is everywhere, foreign
trade is gone, values have slumped,
banks have closed, receiverships have
multiplied, and confidence has been
destroyed.
I do not say that the tariff act
was the sole cause OF cur present eco
nomic situation but it was the great
est factor in the arrangement Of busi-
ness and in CIR economic collapse.
The American people are today In
terested in retrenchmcnt in govern
.ment expenditures and they realize
that there is no getting away from
the fact that the Hoover administra-
ton has been the most eXtravagant
administration in the history of the
| government.
The people are eagerly hoping for
IA return to normal conditions. They
know that the Hoover administration
has failed. For more than two years
! after the economic collapse in Octo-
Der, 1929, the administration did little
Ior nothing toward bringing about a
change but just issued from time 70
time optimistic statements, knowing
when it did so that these statements
were unfounded and that there was
mo sign of any immediate Change for
the better.
| 1t is because of the amateurish, the
'vacillating, and the ineffective policies
Of the Hoover administration that tic
American people are disguised and
Idemard = change.
The democratic party presents g
platform that is terse and sound. 1t
offers candidates whose utterances
and records prove them to be states
men of the highest order. possessing
a sympathy and understanding Of the
situation and whole-hearted pur-
pose courageously to meet the prob
lens and to solve them.
Bisboe = New $4,000 post office