The Waterbury Democrat., 1932-06-14

crisis" Dickinson said.
 Tt faces the proposition |, of
 whether the fundamental principles upon which 1t was founded and has grown great shall be preserved.
 Tn this grave hour, the republI-
 can party meets again in national convention to nominate another
 stalwart American, Herbert Hoover. "It offers this great leader with pride and with confidence. Pride
 in his achievements in the face of tremendous odds; confidence in the
 Judgment cf the people tcpkeep at
 the helm the captain who alone
 has demonstrated a capacity to
 steer our economic ship to safe
 rarbor."
 Dickinson then reviewed the
 work of the Hoover administration. His hrst act prevented a fnan-
 cIal panic" he said. "Invoking the
 powers of the federal reserve
 board. he prevented this catas-
 trophe. Thus he cushioned the ef-
 fects of the debacle in Wall street
 which followed the greatest period
 of stock speculation the world-had
 ever known"
 Then. Dickinson said, the presi-
 dent followed with a long list of
 constructive acts including: Procurement from capital of promise to maintain wages ''ss
 long as 1t was possible to do so"
 and from labor to refrain from in-
 dustrial wage disturbances. Fostering of an agreement by
 great utilities and industrial con-
 cerns not to curtail activities but to
 accelerate employment.
 Formulation of an increased gov ernment building program, augu-
 mented by an administration-fos-
 and other political subdivisions. Establishment of the national
 unemployment committee, expan-
 sion of the federal employment service and issuance of an execu-
 tive order which practically ended immigration"
 Negotiation of the moratorium granted debtor nations which. Dickinson said, saved Germany from financial chaos that would
 have involved the entire world" Organization of the National Credit Corporation followed by tho formation of the Reconstruction Finance Corporations; strengthen ing the Federal Land Bank system.
 enlargement of the rediscount
 facilities of the Federal Reserve Reserve Banks; expanded financial aid to agriculture; program for
 aid to depositors in closed banks. Rigid government economy and tho presidents winning fight for a
 balanced budget. Dickinson interrupted his re-
 citals of republican accomplish
 ments with an attack upon
 democratic obstructionists." For two long years." he said, they hampered the president at
 every turn. Through highly sub sidized press bureau, democratic leaders. democratic senators, and democratic congressman sought to
 distort his every word; to belittle his every effort at human and eco homie relief; to impugn his every
 motive; to frustrate his every move. Their orders were to smear
 Hoover"
 Tho democrats. he said, raised
 the, Hong dormant issue of nat
 money"
 "The safety of the country re-
 quircg the maintenance of the gold
 standard" he said. "The value of
 the American dollar must be main tained throughout the world" Under the head of "radjcalism''
 he referred to the conference of
 Headers of the self-styled progress
 siyes of both parties" held in Washington last summer. "This body. through its spOkes-
 men, was to present a program to
 the nation which would be q cure all, and short route to recovery" he said. Tt is significant that no program has ever been presented" He devoted much space to re-
 viewing efforts of the administra- ton to rehabilitate agriculture, the
 troubles of which he attributed
 largely to democratic administfa- ton of the war years.
 Tho republican agricultural pol- icy, he said, embraces three main phases--order1y marketing as fos- tored by the farm board and allied
 government activities: adequate
 tariff protection; and cheaper transportation as embodied in tho inland waterway. St Lawrence waterway and similar transporta- tior programs.
 "Dircctiy and Indirectly" he BdJQ, ''tne IeQeTnl kOVcrHmcHI Uabs during the last three years, poured into the agricultural Industry near | ly $f,0O0. 100000"
 He advanced the Hawlcy -SmOOt tariff as the agency which prevent. ed American markets being flooded with foreign products. The demo- crats, he said. "Chanted their hymn
 Of hate" against this measure "in the whole warp and wool of which their bandiwork appears through their policy of demanding special protection for the products of their own districts"
 Democratic tariff policies. he charged. would merge "our own needs into the lesser needs of Pata- gonia and Siam" ttt, He listed as accomplishments of the administration foreign policy the progress of the efforts towards disarmament, the averting of "a threatened war between China and l Itussia.' ending "unofiiciaI hostil-
 ities between China and Japan" andtthe reduction of marine forces in Haiti and Nicaragua. Dickinson closed with a plea for
 party loyalty.
 4s s D.