The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1935-10-24

tary use by the treasury under any cir.
cumstances except for the settlement
of balances owed foreign nations. But
that fact has not deferred demands by
infiationists. They are calling and will
continue to call for more paper money,
and with every call the prices you pay
for commodities are bound to increase
that is, they will increase until or
unless there is a release of gold again
for circulation as money.
So, 1t is quite apparent that as long
as this influx of gold continues and as
long as other nations are harassed by
monetary manipulation in the United
States, we are continually threatened
with business boom" which is moth
ing less than imitation of credit. The
real danger confronting this country,
then, lies in that direction. Summar-
lied, the threat Is this: If that inf1a-
zionist business boom" gets started, no
power on earth is able or will be able
to stop it. The next and final step
after that is complete destruction of
our currency, and medium of exchange.
This is what happened in Germany and
it has happened in every other nation
that has been foolish enough to permit
the foundations for that condition to
be laid.
Political developments in the last few
weeks have been completely dominated
by the splurge of &C.
Stirred by tivity on the part
Hooper of former President
Herbert Hoover. His
speeches have agitated the Democrats
much more than they are willing to
admit and, Notwithstanding assertions
Of satisfaction, they have thrown
new fear into the laps of the Roosevelt
New Dealers.
But, If the Hoover speeches have ex-
cited the New Dealers and the con-
sentative Democrats, they have almost
precipitated a riot among the Repub-
licans of whom he must be said to be,
at least, the titular leader. The bulk
of the Republicans look upon Mr..
speeches, as a potential Republican
nominee for the Presidency against Mr.
Roosevelt next year. They look upon
him, further, as an individual who Is
likely to disrupt plans that contem-
plate reconciliation, love feast,
among the various factions of the Re-
publican party. They have been strug-
Cling to lay base for this love feast
and because of the intense hatred that
some of their number have for Mr..
Hoover, his activity has opened this
breach again, made it a blood-red
wound.
Political observers and commentators
have shown all manner of excitement
because Mr.. Hoover has made no state
ment whether he will or will not be
candidate for the Republican nomina-
ton. In plain words, they have been
trying valiantly to conduct cam
paign that will smoke out Mr.. Hoover
and make him say whether he Is or is
not candidate.
All of the efforts to find out what
Mr.. Hoover proposes to do have failed
and will continue to fail, even with the
underground work of the New Deal, to
bring from him a statement as to his
purposes He will announce them in
his own good time and his statement
will be definite when it is made.
Personally, from all of the informa-
ton I have been able to assemble, l
do not believe that Mr.. Hoover has
any intention Of seeking the nomina-
ton. / am convinced his purpose Is
directed wholly and completely to one
end: he fears the New Deal and he Is
trying with all of the power that he
possesses to acquaint the country with
his views which are obviously in oppo-
sition to the theories and policies and
experiments of the New Deal. From
sources which / consider to be faith
full, because they always have been
accurate heretofore 1t is apparent to
me that Mr.. Hoover desires to lend his
help in acquainting the country with
the things in the New Deal which he
regards as dangerous to our nations
well being and that beyond such pur-
pose he is content to enjoy life as
fisherman and vacationist.
But there is another phase of this
situation which seems to me to war
rant consideration. While some of the
anti-Hooverites have been denouncing
him, even calling him names under
their breath, Mr.. Hoover has done the
Republican party big favor. BY his
attacks on the New Deal; by his con-
demnation of the things in 1t which he
regards as certain to be destructive;
in short, by his activity which many CON
strue as a campaign for the nomina-
ton, he has made the Republicans con-
scious of the job they have to do. He
has awakened them and has put fight
into them which three or four short
months ago did not exist. think the
time will come when this will be rec
ognized even by Mr.. Hoover's enemies
in his own party. Whether they will
admit it or not is something else. but
if the Republicans succeed in develop
ing a united front of proportions suf-
ficient to give even a close battle to
the New Deal next year. the boys and
girls will have the former President
to thank for whatever measure of sue
cess they attain.
G Western Newspaper Union.
Citadel Begun in ITS A. D.