Evening star., 1936-08-09

American people have not faced since
the Civil War an election with more
at stake. We are concerned with
problems that 60 to the very roots Of
the American economic system. We
| are concerned with issues that go to
the very foundations of the American
system Of government. The Republic
an party intends to discuss these issues
frankly. without mincing words.
It will attack In militant fashion
the failures Of the present Admin
istration.
It will call attention to the broken
promises Of the Administration.
1t will criticize the haphazard ex-
periments with the living Of the Amer
lean people.
It will point out the dangers of a
governmental policy that will try any,
thing once, no matter who is hurt.
It will condemn the deliberate at
tempts Of the present Administration
| to undermine the American economic
system.
To Give Credit to New Deal
II Credit Ii Due.
But we approach these issues In no
unfair spirit. We shall recognize,
fully and fairly, those few measures
Of the present Administration that
have been sound and fruitful. A gov
eminent that tries everything must
, do some things right. A man with
both eyes shut firing a machine gun
Is going to hit something after while.
We freely concede that there was a
need for laws regulating the sale of
securities. But the Administration
laws establishing this control were so
badly drawn that they discouraged
investment and retarded recovery.
Some of the banking measures have
accomplished improvement. But it is
probably true that if President Roose-
welt had not refused to cooperate
with the Republican administration in
February, 1888. the closing of the
banks could have been prevented, and
heavy losses to millions Of depositors
would have been avoided.
The c. c. c. has been a valuable
institution in time of great distress,
although its cost has been appalling.
It Is not solution Of the problem of
our youth. We shall not solve that
problem until there is waiting for
every boy who finishes school a decent
Job at decent pay.
1t Is q fundamental responsibility
| Of the opposition party to criticize the
party in ONCE. We shall expect the
Democrats to begin criticizing us next
January. But there is o large re-
sponsibility resting upon a party that
asks to be restored to ONCE. That
is the responsibility for setting forth
the policies that 1t will pursue. It
will thus provide for the voters an
opportunity for free and open choice,
which Is the essence of government
in q democracy.
New Deal Recovery Tactics
Based on Wrong Philosophy.
Let's look at some Of the issues be-
fore you. There are many. We can
not discuss them all tonight. Some
Of them must be left for future dis
cussion. Let's look first at the prob
lem of recovery, the first and fore
most problem of them all. What will
the Republican party do about recov-
cry? First Of all, the Republican ad-
minStration will not do what the
present Administration has been do
ing. The present Administration is
like the little boy in the story of the
woman who told Johnny to go out
and find out what his little brother
was doing and make him quit it.
whatever 1t was. Whatever the Gov
ernment has been doing about re-
covery has been wrong. 1t has not
helped recovery. It has blocked re-
covery. Its whole policy has been
founded on o wrong philosophy, the
philosophy that the average Ameri-
can business man and the average
American farmer haven't sense enough
to conduct their own business. The
present Administration has proceeded
on the theory that the business man
and the farmer must be told how to
run their business by some planner
in q Washington ONCE.
Recovery from depression comes ny
the combined efforts Of all the part
ners In enterprise. 1t comes when un.
sound business has been wiped out
when costs have been cut, wher
wastes have been stopped. What gov
ernment should do when the turning
point has been reached is to encour.
age investment, to stimulate produc'
ton. and to strengthen credit. Oul
national recovery began in the Sum.
mer of 1882. 1t slowed down with thl
election Of Roosevelt in November o.
that year. 1t lost heart when his pol
icies were disclosed in March, 1888
It stopped entirely for long time
when his recovery measures were pu
into operation. The new administra.
ton proceeded to wreck recovery with
an N. r. A. They undertook to cure
every industrial Ill by regimentation
They set up a bureaucracy in Wash