The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1935-10-24
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In this instance, the tangent of
inflationist sentiment is Joined with
the sponsors Of
we Want the silver buying
More Money program. They
see all of this
gold and silver and they simply can.
not resist the opportunity for con.
tinued bowling. Their speeches and
their conversations are almost like a
college yell: I'VE want more
money" the more money which they
desire being nothing more nor less
than currency run off In the print.
ing presses Of the great bureau Of
engraving and printing in Wash.
ington.
Whether it is the first or the sec.
ond type OF imitation that is de.
manded, whether ii is the printing
press money or the money issued
against gold as security, the results
are the same. II is to be remem.
bered in this connection that none
Of US can obtain gold from the
treasury. The Roosevelt admins
tration demanded of and obtained
from congress legislation which
definitely prohibited payment of
gold for monetary use by the treas
ury under any circumstances except
for the settlement OF balances owed
foreign nations. But that fact has
not deferred demands by imitation
lists. They are calling and will con.
tinue 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 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 con.
tinually threatened with business
boom" which is nothing less than
imitation of credit. The real danger
confronting this country, then, lies
in that direction. Summarized, the
threat is this: If that infiationist
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 destruc.
ton Of our currency, and medium
of exchange.
Political developments In the last
few weeks have been completely
dominated by the
Stirred by splurge OF actiy.
HOOPER ity on the part of
z.ss former President
Herbert Hoover. His pot shots at
the New Deal in several speeches
have agitated the Democrats much
more than they are willing TO ad.
NIT and, Notwithstanding assertions
Of satisfaction, they have thrown a
new fear into the laps Of the Roose-
welt New Dealers.
But, IL the Hoover speeches have
excited the New Dealers and the
conservative Democrats, they have
almost precipitated a riot among
he Republicans of whom he must
De said to be, at least, the titular
leader. The bulk of the Republicans
look upon Mr.. Hoover, because OF
these recent speeches, as a poten.
tial 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 con-
template reconciliation, love feast,
among the various factions OF the
Republican party. They have been
struggling to lay base for this
love feast and because OF the in
tense hatred that some OF their
number have for Mr.. Hoover, his
activity has opened this breach
again, made il a blood-red wound.
Political observers and common
tators have shown all manner OF
excitement because Mr.. Hoover has
made no statement whether he will
or will not be candidate for the
Republican nomination. In plain
words, they have been trying vail
antly to conduct campaign that
will smoke out Mr.. Hoover and
make him say whether he is or is
not a 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. -... .
Personally, from all OF the infor-
nation / have been able TO assem-
bic, / do not believe that Mr.. Hoo
yer has any intention OF seeking
the nomination. am convinced his
purpose is directed wholly and COM
pletely 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 I consider to
be faithful because they always