The midland journal. (Rising Sun, Md.) 1885-1947, 1933-12-08

nOUSStCktt bLi1i SCCAA--
NIrsu ingly unperturbed, In
Sm'.n sisting on carrying
out further his gold trading plan for
devaluing the dollar and thus in
creasing commodity prices, with some
form of sterilization to follow-either
a gold standard devalued dollar or a
commodity price index paper dollar.
That the dispute over the Presidents
monetary policy is not partisan is en-
phasized by the stand taken by Alfred
e. Smith In an open letter written for
the December issue Of the New Out
look but released to. the press in adj
vance,
Mr.. Smith expressed his disbelief
that ''the Democratic party is fated
to be always the party Of greenback-
ers, paper money printers, free silver
ties, currency managers, rubber dollar.
manufacturers. and crackpots.
He added that If this is to be so
athe Issue is more than a partisan
one, because we are dealing today
with the party which actually holds
responsible government office, which
is not merely advocating cure-alls In
a campaign, but which has in Its hands
the present welfare Of 100, 000, 900 peo-
pie and the future of our most cher
ished American institutions. 80.
what we need In this country Is
absolute dependability In our money
standards. = It is the only thing which
will restore confidence. The latest
fiscal moves Of the administration
have undermined public confidence
They have created uncertainty.
Uncertainty paralyzes business, dis
courages private initiative, drives
money into hiding, and places the en-
tire burden Of sustaining the popula-
ton on the central government.
I'm the absence Of anything def
nitely known to be better, / am for a
return to the gold standard. am for
gold dollars as against baloney dol
lars. / am for experience as against
experiment. If I must choose be-
tween private management Of business
and management Of a government bu-
reaucracy. am for private manage
ment.
II am ready to go through d certain
amount Of defation If the choice Is
between this and outright money in
fiation. II / must choose between the
leaders Of the past, with all the errors
they have made and with all the
selhshness they have been guilty Of.
and the inexperienced young college
professors who hold no responsible
public Office, but are perfectly ready
to turn 130.OOO.OO0 Americans into
guinea pigs for experimentation. am
going to be for the people who have
made the country what it is. And I
say this with full knowledge of the
fact that there are many things in the
old order Of society which should
like to have changed and which do
not applaud or even condone."
DRESIDENT ROOSEVELT himself
4 made no comment on Mr.. Smiths
letter, but It drew from General John
son, NRA administrator, who was at
Warm Springs, q characteristically vio-
lent burst of denunciation. The gen.
eral also made an unwarranted attack
on Professor Sprague, calling him q
''hitherto obscure professor who shy
dramatic resignation obtained his
little hour or two to strut across the
stage" This Of man whom the Bank
Of England had been paying $4,000 q
year to act as its adviser until the
President persuaded him to come home
and serve our treasury In a like ca
pacity for $4,000 year.
TT WAS announced by the War de-
partment that the low bid for
trucks for the conservation corps was
made by Chevrolet Motor company
with an offer Of $829.1e per unit.
The next lowest bidder was North
west Motor company Of Bethesda, Nd.
. Ford dealer. whose bid was $671.10
per unit delivered at Detroit, $666.10
for deliveries at Chicago and $6S7.60
on deliveries at Louisville, Ky.
The Chevrolet bid was for six-cyl-
inder trucks and that OF the Ford
dealer for eight-cylinder trucks. The
specifications Of the War department
provided for not less than six-cylinder
motors.
r. L. Sabine, head Of the Ford
agency who was low bidder on a re-
cent truck offer Of the Department of
Agriculture but complained recently
that new bids had been asked for
trucks Of not less than six-cylinder
motors. said Ford deliveries could be
made with such promptness that the
government would save money and de-
clared that II he did not receive the
order he would appeal to Comptroller
General McCarl. ~ - -
FIRST Of the big employers to suffer
i for alleged violation of the Presi-
dents unemployment argreeme4t is