Evening star., 1932-11-03

during this period loans were made to
- different building and loan associa-
tions on the Pacific Coast and to five
mortgage concerns, with view to pre-
venting foreclosures of mortgages on the
homes and farms of hundreds Of thou
sands of people.
The Federal Farm Board, created by
my activities, has advanced to Cali
fornia farm corporatives a total Of
$31 ,298,000 to prevent their collapse in
this time OF distress, and thus aided
hundreds of thousands Of families.
On top of this, in order to aid in en-
ployment, the Federal Government has
expended during my administration on
and let contracts for public works,
buildings, roads and other items $780,
300 900 in California, $45, 900 900 in Ore
gon and $4,000, 900 in Washington.
This has provided work for hundreds
of thousands.
Beyond this again the Reconstruction
Corporation, under provisions for ad-
vanctng employment through reproduc-
tive works, has authorized advances to
great projects in the Pacific Coast
States which were held in allegiance be-
cause of the credit paralysis, such as
the San Francisco Oakland Bridge, the
bringing of Colorado River water into
will finally expend upwards of $400,-
100000 for the invigoration of the in
dustries of California and the whole of
the Nation.
Beyond this the Reconstruction Cor
poration has authorized loans to States
on the Pacific Coast for the care Of
distress among unemployed.
Under these measures which I have
inaugurated we have set up new agrt-
cultural credit banks on the Pacific
Coast in order that there shall be no
question as to the ability of our farmers
to borrow money for productive pur-
poses. We have set up new home loan
banks in those States in order that We
may protect and expand the activities
of the building and loan associations
and savings banks. not alone to protect
home owners from foreclosure but to
free capital with which new homes can
be built and new labor employed.
Messages of Confidence.
These great actions by the use of
Federal credit to tide Pacific Coast
States across the trough of this de-
preston reflect directly and indirectly
into every home and flreside in those
States.
These measures which I have cited
are but a partial picture of the reasons
why have not been able, during the
whole Of these four years, to renew the
friendships and those associations in my
home State, or even to have the pleas
ure of attending the Olympic games.
In all the stress of these past years,
especially in these past few weeks when
We have been battling that the rehabili-
tation of this Nation may be carried
forward without interruption. nothing
has been more heartening than the
messages of confidence and hope that
I have received from the mobilized
women of California. I realize that
when difficulties come of the character
We have been meeting it is the women
who first feel the effects of economic
pressures on their shoulders, the burden
of thousands of small economies that
must be made for the preservation of
the home and the safety of the chill
dren. They are proving the great
Steadying influence in the Nation, the
great preservers. They will refuse to
risk the fate of their families through
the abandonment of those safeguards
which we have builded during the past
$50 years or to risk the programs of re-
construction We have inaugurated, by
the adoption Of the proposals of the
Democratic party which will inherently
destroy it. I should like to pay a
tribute to the organization OF your
young voters who are fighting this bat
tie with us to such telling effect.
I have been requested by the Re-
publican State Committee TO comment
on two calumnies being circulated by