The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-01-16
Wall Street, Herbert
Hoover and the
American People

Wall Street. the New YORK SUCK
Exchange and the Chicago Board of
Trade have fully demonstrated to the
American people the kind Of institu-
tons they are, what they represent.
the trend Of the country and the atti-
tude Of the people.
The Federal Reserve Bank was or
ganized for the sole purpose Of acting
as balance wheel to keep the ma
tons finances on an even keel and
avoid extremes Of initiation and de-
preston but instead It has been used
for the opposite purpose.
Those that have purported to lead
and guide the welfare of the Ameri-
can people for the last IS years have
the present condition Of desperation
and poverty as the result Of their
very poor foresight, management and
judgment.
In 1o2l-22 in the columns Of this
paper especially" urged and FORE
warned the American people from
time to time to buy no foreign secur-
tiles but stay at home and prepare
for q greater struggle than the World
War, q struggle far greater than the
world has ever seen, q commercial
struggle, 1.-THE survival Of the fittest"
stating plainly that q tariff would
not save US.
No one heard me. The American
people and official Warrington. state,
county and city were all asleep at
the switch and did Just the opposite
Of what they should.
The American people live and play
politics like they play the stock mar
ket. Herbert Hoover was put in Of
flee right on top Of the biggest bull
market ever staged in the history Of
the world and put out ut possible or
temporary bottom.
In their mad rush for money, rich
es. wealth. power. luxury, pleasure
and leisure they took the bit in their
teeth and ran away with the New
York stock market, ending In . glori-
GUS grand finale of bursting "blue
chips and shooting stars" All was
charged to Herbert Hoover. TOO much
Of certain brand Of education. silver
plate service, out shining the Jones' .
and swell head is like ignorance, 1t
has it, drawbacks.
It Is common knowledge that one
who Is halter broke or highly train
ed Is more apt TO lay down and starve
before they viii rise up and show
their teeth that they intend to live.
This may be applied to America.
The swing Of ballots In the last
election should prove to the most
simplest mind that things are not
right In America.
eelfishness, Jealousy, waste, mad
ness. intrigue. envy, hate, pomp.
greed. burdensome taxes. graft. no
common sense. together with the
ruthless, reckless racketeering desire
to succeed Ut all costs Is practiced by
both individuals and corporations,
state, county and city. throughout the
American nation and while this In.
flation Was going on the United
States was looted for Is billion dol
lars cash BY foreign countries and
caused the crash that reduced the
American people down to poverty and
starvation.
Mother and dad that have fought
the terrible wars and worked % hard
and long oil these years since the
Pilgrims landed to pay taxes and
build up this country are beginning TO
wonder about patriotism and II Of
fetal Warrington, state, county and
city understand principal and found.
alton Of government. No answer to
my offer Of several months ago. 20
here ne cit picking ourselves like 4
flock Of ducks In the twilight on the
quiet shores Of . lonely lake and ~.
tening 70 political sirens. the cry Of
aeyiot1 and exploiters while tho ma
tion starves and America slowly
slips, slides, shakes and shivery while
settling down into tho cold, black,
oottomless morass.
VIM. A. HUGHES
fAhxl