Evening star., 1933-02-14
HOOVER SAYS GOLD
STANDARD NEEDED
vaIedictory Address at New
York Urges Sterilization
of Currencies.
Continued From First Pa9e.)

Continued From First Page)
among all nations be re-established
and the threat of economic war
averted."
On the international debts. he said:
If we are asked for sacrifices be-
cause OF incapacity to pay, we should
nave tangible compenSationS in restora-
tion OF our proportion of their (for-
eign nationsD agricultural and other
imports"
Fork Of Three Roads.
The President said the Nation was
at the fork Of three roads" The
first, which he indicated he preferred,
is the highway of international CO.
operation, removing the Instructions to
world consumption and higher prices
The second, which he indicated may
be necessary II the first road Is closed,
Is to rely ''on our high degree of ma
tional self-containment, to increase
our tariffs, to create quotas and dis
ordinations and to engage in definite
methods" Of curtailment Of production.
He said the third road is that we
initiate our currency, consequently
abandon the gold standard, and with
our deprecated currency attempt to
enter q world economic war, with the
certainty that 1t leads to complete de-
struction, both at home and abroad"
A mass ovation from the audience
peared at the Waldorf Astoria for the
dinner. Waves Of applause and cheer
ing swept through the standing
audience as he stood in front of an
American flag in the bright spotlights.
The dinner coated throng frequently
interrupted his address to applaud.
Once he declared that the Republi-
can party will be recalled to power"
No Light on His Plans.
At another point he departed from
his prepared address to declare that
re establishment Of the gold standard
among important nations is the solu-
tion Of our farmers difnculty."
The Presidents speech threw no
new light on his plans for his own fu-
ture.
As he and his party sped away on
their Washington bound special early
today, the public was no wiser as to
whether he plans to seek the Presi-
dency again in 1895.
In his speech he said simply:
THE Republican party Will support
the new administration in every meas
ure which will promote public welfare.
1t must and will be vigilant In oppos-
ing those which are harmful"
Clad In blue business suit and gray
overcoat, he stepped from MS tram
shortly before pm. Mrs. Hoover,
wearing q dark dress, brown caracul
coat and black velvet hat, smiled as
q crowd at the station applauded. Ke-
ceived by o committee headed by Ma
Charles n HilleS
the party moved to a flag -decked ele-
vator and thence, along q strip OF spe-
cially laid carpet, to waiting car.
DISTINGUISHED guests streamed into
the Hoover suite to call-Secretary OF
State Stimson, Will Hays and many
others. After the reception they moved
down to the softly lighted dining room,
accompanied by the Secretary OF War
and Mrs. Hurley and followed by secret
service men in dinner clothes.
Praised by Harbord.
Gen James G. Harbord. introducing
the President, told him that in all
the years there will never come one
who will more wholeheartedly and un-
selfshly give himself to his country's
service than have you in these stormy
years"
Included In the official party that
came with the President were Post
master General Walter F.. Brown, Ever
EFT Sanders, chairman of the Repub-
lican National Committee; two White
House secretaries, and others.
The New York Times said "the group
Of politicians who look upon Hoover
rs the rightful leader" asserted 'pri-
vately" that the brief Hoover prediction
Of Republican return to power would
be interpreted in only one way"
1T was their private opinion that
Mr.. Hoover intended to keep his hold
on the Republican party and its ma
chinery," continued the Times, "and
that, If the time was propitious In
1885 he would seek the nomination
again the next year"
President Hoover's intimate political
advisers accompanied him and they
saw many Of the active politicians both
before and after the dinner.
Unnamed friends Of Mr.. Hoover were
quoted as saying that the administra-
ton controlled more than half Of the
Republican National Committee and
that fight Of "Old Guard" leaders
to dethrone Chairman Sanders could
not succeed.
PLEASED BY MESSAGEG.