Milford chronicle., 1935-10-18

II The principal and interest of
= the notes will be payable in
: United. States gold coin Of the
t. present standard of value"
Twenty-four days later. at the in
= stance Of the President, joint reso
o luton was introduced in the House
/ which declared that every provisiO
J. contained in, or made with respec
to any Government obligation re
o quiring it's payment in gold, Ito b
o against pubic policy" and that ian.
i such provision contained in any Law
r authorizing obligations to be issuet
J. by, or under the authority Of, thu
h United States is hereby repealed"
: The House passed the resolution
: under gag rule" imposed by Admin
istration leaders. The Presideni
n signed it June 5, within 80 days from
v the time his Administration had is
I sued half a billion dollars Of Gov
Q ernment securities, promising the
: payment of both principal and inter-
, est in gold. of present standard OF
, value
The candidate and the platform
promised a reduction in public eX-
penditures. The candidate devoted
his entire speech at Pittsburgh, Pa,
October 10, 1882, to the subject of
public economy. He went further
than the platform of his party. He
denounced not only the then current
level of Federal expenditures, but he
denounced the further borrowing of
money. He denounced increasing
deficits. lie denounced the creation
of Federal bureaucracy. What has
happened TO all those pledges is ia
mi.ia to every American household.
The platform and the candidate
denounced the policy OF pegging the
price of larm products, as practiced
by the Federal Farm Board. and "the
unsOund policy of restricting agri-
cultural production to the demands
of domestic markets" Both those
pledges have been repudiated by the
Administration practicing the very
things which the platform and. the
candidate condemned.
In his radio address of June 30,
1892, endorsing the Democratic plat
form and explaining its planks, Gov
ernOr Roosevelt denounced any in
crease in taxes on food and clothing.
The entire Agricultural Adjustment
Act is based upon n tax levied eX-
clusively on food and clothing.
The platform and the candidate
made a pledge to remove government
from all fields of private enterprise.
Every major activity of the New Deal
has been fagrant reputation of
that pledge. The Government has
been thrust into every field of en-
lerprise.
During the presidential campaign
Governor Roosevelt. al Topeka, Kan.
nn Sept. 4. 1882; at Sioux City. Iowa.
on Sept. %; at Pittsburgh, Pa, Oct.
~; at Albany, y. Y, Oct. IA, de-
nOunCed the increase of state and To-
raj taxes and assured the country
that in event he were elected Presi-
dent. he would. use all the influence
Of his great office to stop increase
IN state and local taxation. He as
serted such increase was one of the !
primary causes of the depression,
md that neither agriculture nor busi-
ness. the employed or the employee,
could expect to prosper. if the bur- /
len OF state and local taxation were
increased. 49,. /
Under the New Deal the Roosevelt {
administration has stopped little / S
short of coercion to force an increase /
n state and local taxes to be eX-
,ended in helping finance New Deal I
1t. has even gone so a
ar as to employ corps of lawyers ! c
- Nv nF gfa l..
ions and state laws which restrict 4
Onded indebtedness and tax rates in p
rider to advise state administrations
Ow inhibitiOns against increased Il
ate and local Indebtedness and state "
nd local taxes might be either re- Il
ealed or evaded, As a consequence, c,
ate and local taxes have increased
the last two years to a degree un-
iralleled in any similar period of
me in the history of the Unitedl-
Lates.
In his budget message of January E
1894. President Roosevelt assured Il
le Congress that in order to have Y
control over emergency |
ipenditures" he had, as of that date, J
laced all emergency set-ups under J
lie control of the Bureau of the Bud d
It. Three days later, January 6, v
ith a studied avoidance of any pub n
city, the President rescinded. the Il
'der of January 3, leaving the eX- a
anditures of all emergency set-ups ol
ithOut any kind of control what
'er. f.
A week ago, with a great blare of W
lblicitv. the President again an
lunced his intention of placing all n
nergency set-ups under the control h
the Bureau of the Budget. This "
esture came because of the rising
de of protests against the wild ex- @,
enditures of these various emerg- ~
ICY agencies. But what assurance =,
ave the business interests and the
x-payers of the United States that :,
e President will not execute an =.
her abOut-face. as he did in jan - -
Try, 1884? '-e ~
The letters of MIR. Howard and ~
resident Roosevelt have consider ~ ~
lie to say regarding the recent tax u =.
Il. Perhaps few facts, omitted in - -
ese letters, might be pertinent -
In his budget message to the Con- %
'ess, January z, 1895, the President su
ated he did not consider it advis- 0e
lie to propose any new or additional w
xes for the fiscal year 1896. That CO
suranee was repeated, in his name, Sc
: his leaders in Congress. BY June m
e "share-the-wealth" and soak Je
erich" groups, recruited almost
holly from the left wing of the te