The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-02-14
HOOVER TO Aid
OBSTRUCTIVE
LEGISLATION
Pleads for Solidarity on
Foreign Problems in
Lincoln Day Speech
WOULD ADD SILVER
MONEY STANDARD
By RAYMOND CLAPPER
LATED Press Staff Correspondents

NEW YORK, Feb. IA. (UP).-
4 pledge that the Republican par
~ would support the new Demo-
cratic administration in every
measure promoting the nations
welfare was given by President
Hoover in his farewell Lincoln
Dav address here last night.
Republicans will, he added, Wig
Iantly oppose all harmful meas
ures.
Declaring he had no complaint
a, the outcome of the last cleo
ton Mr.. Hoover predicted the
Republican party will be recalled
% power by the American people.
AN organization that can show
more than 100000 adherents
-after 70 years-an irreducible
minimum in the reaction from the
EOrst depression the world has
ever seems indeed testimony to
ne virility of the principles which
Lincoln enunciated," Mr.. Hoover
said. Those principles, the fiber
and the determination of the
partv assure that it will be re-
called to power by the American
people"
Mr. Hoover renewed his plea
for retention of the gold standard
IS the only path of safety for the
nation. He added however that
the world should endeavor to find
Place for silver, at least in en-
hEsd subsidiary coinage.
Carcellation of war debts would
not gre relief and the Importance
Of aese debts in world trade IS
glggerated, Mr.. Hoover con-
rnEed. He suggested that if CEN
nsl banks should cooperate to
Ssoilize world currencieS, some
nrt OF the debt payments might
V set aside for temporary use IN
this way.
Asking for national solidarity
IN dealing with international ques-
tons. Mr.. Hoover said the best
Path TO recovery lay in co-operaI-
ing with the world in reviving
consumption and stabilized cur
reneies and reducing trade OBJ
structiOnS.
He warned that if this way out
is closed. America may have to
take the less desirable alternative
Of Withdrawing into its economic
shell, boosting tariffs, quotas and
examinations and artiticlally
curtailng farm and other produc-
ton. Imitation and consequent
ahandonment of the gold STANDARD
were dismissed as a certain road
% destruction.
Nr Hoover left Washington in
nidafternoon and arrived at the
Waldorf Astoria hotel shortly be
fore the Lincoln Day dinner OF
the National Republican club be-
gan. He was given a continuous
ovation from the time of his ar
rival in New York.
Na'iOnal party leaders were on
hand in large numbers. AS this
vas the last major address of Mr..
Hoover before he leaves office, 1t
vas awaited with intense eXpec-
ta:iOn as an index of the course
be believes the party should fol-
low in recovering from the blow
Of last November.
In self interest, no less than IN
altruiSm. nations must accept OBJ
hsatiOns to cooperate in achleV-
ng world stability. Mr.. Hoover
declared.
II am convinced that the first
POINT of attack is to secure as
SEed greater stability in the cur
fencies Of the important CONNER
cal nations" he said. Unshaka-
Die, as he vas during the cam
galgn. that the gold standard must
pc preserved, Mr.. Hoover said II
vas not necessary that nations
forced off the gold restore former
SoId values but only fix the value
p the metal at some point.
The text of President Hoover S
Beech follows in part: >,
Il is a pleasure for me TO ad-
lSess you upon the day when TINS
aao and our countrymen- OF all
talths throughout the land are
pSylng tribute to the memory OF
ABRAHAM Lincoln. We tonight
So pay tribute to him as foun.
"a Of the Republican party and
3e mspirer of its ideals. He, more
an any other man, created the
ing, virile organization which
: gwen responsible interpreta-
20 Of those ideals to our people
each succeeding generation. An
ssnIzation that can show more
ian 100000 adherents after
Years is indeed testimony TO
= Nriity of the principles which
aaeoIn enunciated.
The people determined the
eeIlon. Those of US who believe
the most basic principle insist.
upon by Abraham Lincoln
transcendent Importance OF
opuIar government = have III
pnptaint. We accept and, q:
auereans, will continue whole
.StIedly to do our part in pro
"Hhg the weli-being of the
.antry. Our party can truly fee
at We have held the faith; thai
NNOntlnuaI On napa tuoN