The Waterbury Democrat., 1933-02-28
Alfred E. Smith
 Gives Advice
(cohtinued from Page D

overcoat on the fireplace mantle in the committee room, Smith settled down to a serious discussion of the national situation. He favored lower interest rates on Reconstruc- ton Finance Corporation loans, Q speeding up of government func- tions and a public bond issue to finance the building of public roads.
 Peering through gold trimmed spectacles at the committee mem- bers, who are seeking the causes and cures for the depression, the former New York governor said:
 "I'm against cheapening the dol- lar by reducing the amount of gold in 1t, or coinage of silver or the issuance of any kind of fiat money.
 "Federal highway money is the most efficient aid for unemploy- ment. You get quickest action that way"
 There was only an occasional flash of humor as Smith spoke. He said that in spite of labor saving machinery 60 per cent of the money spent for road building goes to labor.
 Smith favored lowered tariffs through war debt reduction agree ments. He condemned publication of Reconstruction Finance Cor poration loans to banks.
 "In the rural sections of my state when people saw that their banks were coming to Washington for aid, those banks were in trouble" he said.
 Smith, demanding government economy, asserted President Roose- welt should be given "broad powers to consolidate departments"
 But I'm not in sympathy with all this talk about 8 dictator, and kings and monarchies, or that the government should be run like a private business" he added hast fly. '''
 Excessive veterans expenditures dential candidate as a mistake. He favors limiting relief to those &C., tually injured in the service.
 q don't see why we should pay Q man who stayed in training camp here where he got new bridge work in his mouth and the absinthe boiled out of his system by regular living should get benes fits because he was hit by e taxi- cab ten years later" Smith said.
 Smith said war debts should not be cancelled. But he insisted that the United States should "just de- clare everything off for good long time."
 The moratorium. he suggested, could be fixed at five years flor a start" with the tariff to be lowered in the meantime and the debtor nations encouraged to resume in- ternational trade on large scale so as to put them in a position to pay later.
 "We have built tariff wall around this country which is so high that nobody can get over it," he complained, stressing that what was needed were duties just high enough Ito take up the difference between our labor costs and the cheap labor costs abroad"
 necticut. He will be the guest of honor at dinner to which Cover nor Cross and members of the senate and house have been invited. There is every indication that Con- necticut will pass an old age pen- sion bill during the present session of the legislature. Within the past two years through the influence of the Eagles the names of several states have been added to, the hon. or roll.
 The action of the states of Indi- ana and Washington and the possi- bility of Oregon to be added this week, has greatly inspired the state committee to exert every pressure for success during the coming month.
 Senators Joseph Lawlor and Jo- seph Hackett and Representative Daniel J. Mahaney and John D. Connecticut.