The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26
MILLS ATTACKS
GOVERNMENTS
HEAVY SPENDING
Urges American People to
Lead Way Out Of
Depression.
Continued From Page One)

Depression.
Continued From Page One)
claim was based on fear Of quota
ton Of an "unweighed" sentence,
Mr. Mills said
II had been expected that he
would make a scorching attack on
the New Deal. Of course. but it had
been generally believed that he
would provide figures, information
or theories which he might feel il
Wisest not 70 discuss before the
larger Mmat group.
He'll Save the Country
Instead, Mr.. Mills followed in
general outline. though in less de-
tail. the same course he took later
at the Murat-a scOrnfuI attack on
the New Deal. with suggested mOdi-
ncations 10 save" the country-and
then added his direct appeal for
the election Of Republican repre-
sentatives and senators.
This appeal followed directly a
strong statement of the need Of
opposition to check what Mr.. Mills
considers the fOllies of the RoOse-
welt administration and was coupled
TO that statement.
Mr. Mills won applause only at
the end Of his after dinner speech,
and that not in great volume.
The audience at the Murat, which
filled almost every seat in the huge
auditorium. was most appreciatiye
of Mr. Mills talk here. Laughter
greeted his humorous sallies; bursts
of applause his sharper thruSts.
A strong finish in which Mr. Mills
loud-pedalled an emotional appeal,
after previously having built his
case point by point, brought down
the house.
AssaiIs Reform" PIanks
In this address, which also was
sponsored by the Chamber of Com
merce as one Of its series of special
events, Mr.. Mills urged the Ameri-
can people to lead the way out"
of depression if the government can
not find that way and charged that
THE administration had not directly
and vigorously addressed itself to
the task of recovery, but had en-
phaslzed what are known as the
reform features Of the New Deal. b"
He attacked the government
theoretically for starting what he
described as a race between recov-
cry and exhaustion of national re-
cOvery.
The cornerstone of the admins
tratiOn's recovery program is gov
eminent spending. ana every major
policy creates a situation calling for
more and more spending" he said.
Such a policy, he added, means re
Covery or bust"
To-day we are losing the recovery
race" the blue-stOckinged Old
Guard leader declared. Govern
ment expenditures. already enor-
nous, are rising day by day, with
no corresponding increase in reve-
nue.. Expenditures the first quarter
of this fiscal year we're S1.517OOO.-
600. as compared with 1928, 5000
a year ago"
Paints Picture of Gloom
A new peak in the annals of des-
titution will be reached in January.
Mr.. Mills predicted, adding that it
was officially estimated that 10000
900 people will be the recipients of
relief. Industrial production is low
er than a year ago, and, although
wages are higher, real earnings
have declined as a result of in
creased cost of living. he stated.
Substitute government cOmpul-
sion for individual initiative and
creative enterprise; discourage pri-
waite saving; dam up the flow of
capital destroy the competitive
processes; fix prices artificially," de-
clared the former treasury chief.
"and, though YOU leave the owner
ship of private property undis-
turbed, and even attempt to assure
profits. YOU Will have hamStrung the
American economic system"
Referring to the financial crash.
Mr.. Mills prOpheSied that, left to
Itself, the economic system, in time.
automatically would effect its own
cure. He added that. under COM
pick conditions. the social cost in
individual suffering would be intol-
cradle and that the government
was compelled 10 intervene: First,
to cushion the fall, and, second, to
expedite recovery.
LaudS G.. o. p. Policies
The last Republican administra-
ton performed the first function
said Mr.. Mills.
Despite mistakes and the action
of a partisan congress" the Repub-
lcan government arrested the
downward movement of business in
1882, Mr.. Mills insisted, adding that.
had the Republicans won at the
polls IN 1882. or had President
Roosevelt not taken Office until
January. 1888. there would have
been no banking collapse.
The Hoover secretary of treasury
said that. with the recovery. phase
at hand. the Roosevelt adminiStra-
ton took Office under ideal condi-
lions, with both people and congress
ready to follow blindly executive
leadership. OF the many problems
Of immense Complexity it faced
most were not immediate, he added
ASSailS Farm Program
The speaker found no fault with
the handling Of the banking crisis
and the restoration Of the credit
mechanism as far as it went. but
he Old qSSai1 the cIr,,ir,iSrr -, +i0,,