The Waterbury Democrat., 1932-09-07

 bert theater at II a. m. Senator Bingnam's demand for plank favoring repeal of the 18th amendment was expected to be needed, The State Federation of Labor and the State League of Women Voters suggested other measures which might find favor. Walcott as Kcynoter New Haven, Conn, Sept 7-(UP) The reelection of President Her. bert Hoover 'is essential to the protection of the nations future" declared United States Senator Frederic c. Walcott, of Norfolk in his keynote address before the re- publican state convention here last night.
 "The most crucial election in the history of our country lies just ahead" he said. "The time calls for cool heads and sound judgment for we are still resting upon an un- stable bottom which may prove only a thin crust"
 The depression, he said, was caused chiefly by extending huge loans to Europe by international bankers deceived by large inter- est rates" after the federal gov ernment had decided to stop lend- ing.
 "Our banks have been one of the blackest spots in this panic and one of its chief causes" he de. clared. "We have not enough reaI bankers to go around"
 poration has resulted in increased
 The Reconstruction Finance COT. commodity prices and employment he continued.
 "The need for workers must ex. ist first. and this need is predicted in turn, upon a demand for the products of labor" he asserted NO one is making but the mos indispensable purchases during times of hardship and uncer. tainty.
 Thus the whole porblem of un employment reverts to the problem of stimulating buying by removing the general inhibition of fear tha paralyzed the economic world-i, other words, rests upon economic recovery. -. The Reconstructio: Finance corporation is authorize' to lend $300,0O0,000 to the statel specifically for unemployment re lief. The results of it's efforts ar, beginning to appear in tables O rising commodity prices and in creased employment. Much re mains to be done, but real head way has already been made in { discouraging, elusive and monu mental undertaking"
 He urged drastic reduction il governmental costs, economi, spending and reduction in taxation
 The speaker defended Presiden Hoover's prohibition stand, declar ing "the presidents interpretation of the ambiguous prohibition planl adopted at Chicago is courageou
 Senator Walcott praised Connec and clear"
 ticut's "pay-as-you-go" policy adopted IS years ago by republican administration, pointing out thu staet has come. through the de pression with a surplus of fou million dollars and mot a city i in default of it's bonds"
 New Haven, Conn, Sept 7-(UP' Toward the end of Senator Fred edic c. 'Walcott's keynote speecl before the republican state con vention at the Shubert theater las night a small, dark man with |, battered straw hat slipped into , seat in the rear of the balcony. He sat on the forward edge o
 his chair, devouring every wor, and peering intetly at the brill
 liantly lighted stage with thick
 lenzed glasses. "-'
 | When the keynote was ocer, tn | 0n o,x~of,,xAA AnI L.
 gates toward the exists, he re
 mained to gaze upon the republi
 can celebrities on the platform wh
 back, Senators Hiram Bingham
 CTS.
 He was the last to leave tn
 balcony.
 It was Professor Albert Levitt , of Bedding, the former clergyma and law instructor who has de voted his career to battling RoIa back and this year will lead dr republican forces in a third part attack on Senator Bingham. Mot for publication please" Il whispered, "but we hope ." This Unto office. New Haven, Conn, Sept 7-(UP John H. Trumbull, the forme flying governor, returned to poll
 tics in characteristic fashion-h flew to accept today the republi can state conventions call to ru again for governor.
 But-and also characteristicall '-he made his flight from Moose head Lake, Me, to Hartford with : out fanfare of publicity and ha l. already arrived yesterday whe even his private secretary at Plair :. vile believed he was preparing fc , the trip.
 ! Adjutant General William :. Ladd of the Connecticut Nation; ? Guard, who taught Trumbull ho to fly, piloted the plane whic . brought him back to accept ur ! willingly the call to return to pull ]. lie life, from which he retired tw
 years ago after two terms as stat !. executive.