The Waterbury Democrat., 1936-08-24

Congressman J. Joseph Smith, pr. Frank Anastasio, president Of the Italian democratic clubs Of Coflnecs ticut, John DoPaStino, Unberto gantopICtrn, School Commissioner Louis Brla, Representative Daniel ]. Mahaney, Mrs. Robert Bosco, An. drew CaBgolino and Alderman Charles P. Sciullo were the princi- pal speakers yesterday At the ails ilual outing Of the focal Italian democratic club at Lake QuaBsa- paug. The speakers attacked the claims of the republican leaders and praised the achievements Of the Roosevelt administration.
 4 sports program was included in the days events. Winners ificlud- cd: Balloon race for girls, Jennie CeBGrielli; potato race, Joseph Eng. fish and Arnold Morelll; three. legged race, Anthony Cicchicllo and Anna DiChicchio. Michael Coluccl was chairman Of the mems commit. tee. Miss Doris JacaruBo headed the Wofnerl's committee.
 "Our country belongs to all the people, not to . privileged minority, and tho Roosevelt administration, in acting CourGgoouBly with this truth as It's creed, has ITl less than four years lifted every class iri America from despair and bank ruptcy 10 c revived prosperity and new hope" BRld Cong. Smith iil his remarks yesterday afternoon.
 Replying to criticisms Of tho Roosevelt administration recently made by Col. Frank Knox, republic can Vice.prCSidentiAl candidate, MT. Smith gaid, "The familiar roactlon- ary catch. phrases Of the republican old Guard dominated the entire speech of tho republican VIce-prCS- identiaj candidate. If the republic can party and it's present leaders may Dc Judged by their public uts tcrances, they have learned nothing from the c0liapse which followed tho I2 years Of republican nIsgov- ernment.
 "BusIne@ has been brought out of It's bankruptcy by the measures sponsored by President Roosevelt, the Country'B banking structure has been placed on C sound basis and the savings Of the people have been made safe, tho farmer has been re- habiiitated, the working mans wag- cs are higher, the families Of the unemployed have been kept from starvation, homes and farms have been saved from foreclosure, the government b providing leadership to furnish security for the aged and the unemployed.
 ITO me there was something Cyni- col, something reminiscent Of the eaEy.m0ncy days before the Hoover crash, ii1 MT. Knox'B plea for feW- CT and better laws. am reminded Of the lack Of adequate laws for the protection Of investors in stocks and bonds which characterized the Hoover era. Only the other day the bankruptcy court authorized the settlement for million and q half dollars of claims totalling lD1 mil. lion by American holders Of the Kreuger Match securities less than cent on the dollar. I hope that Mr. Knox would not advocate the re- peal of the securities and exchange net which the Roosevelt adminis- tration sponsored to prevent such another gigantic fraud on Amer lean citizens ag that peFpetrated by the Swedish match king, and which brought 50 much profit to some Of the market riggers in this country.
 "And while on the subject of fews CT and better laws, 1 might remark ln passing that the Roosevelt ad. mlriStration took leadership irl aboIishing one Of the most perni. cious jaws we ever suffered under the prohibition law, after former President Hoover had prevented the republican convention from taking . stand against t.
 How can q republican spokesman Ignore the fact that no construc- tive steps were taken by the H0oy- or administration to stem the tide of depression? What confidence can Dc placed in 6 party whose principal candidates 90 before the voters complaining in vague gen- eraIities of the emergency measures and the permanent reforms which Inc RoOsCwelt administration c0uT- ageousIy enacted te revive strtck- on country? And your daily pa. pers, which are almost unanimous