The Daily Alaska empire., 1936-01-09

AAOLA atS OA-Nf
 publicans by Alexander Hamilton and the Democrats by Thomas Jef- ferson, third President of the United States. He painted a vivid word pie ture of the gradual rise of the Re- publican party on the premise of special privilege It is political movement born of foreign nobility, he explained, which believes that the few should rule with the common people taking what is passed out to them. How manipulation by these S special interests in the financial [ world led to the crash of 1929 was s revealed by the speaker, in pointing out the system the big corporations had of selling worthless foreign stock :. to the American public to protect their loans in foreign countries.
 The Percentage Boys"
 The American people were broke in '29 because the percentage boys, tmeaning the monied interests) had all the money" he sad. That was the situation confronting President .. Roosevelt when he went into office. It demanded action, and what did he do? He closed the banks of this coun- 2 try, and thereby saved the country and the Constitution. Had this not been done everything would have gone overheard. You didn't hear the money barons with their bags of gold crying then. Nol They were afraid everything was going to piec- es and it would have if Roosevelt had not acted. have yet to see the at torney who will uphold the constitu- tionality of that act, yet there was no vail of unconstitutionality at that time. There was only prayer that Roosevelt would pull their chestnuts from the fire. This he did, and in so doing saved the country and the Constitution, and rehabilitated the whole people,
 Reviews The Scene
 The speaker reviewed the embat- tied farmers, standing off the sher- if who came to foreclose during those hectic days. President Roose- welt would have been within his : constitutional rights to call out the soldiers to force through those fore closures, ne said, but he didn't do it because he knew that the soldiers would not fire, and if they did one shot would have rallied millions to arms against condition which wss unbearable. Roosevelt knew it was unbearable, and he acted, as he promised, for the people. Only his courage and decisive action in the face of the conditions brought on by Republican special interests rule saved this nation from ruin"
 He pointed to the bank deposit in- surance act, the social security law. the securities commission and other remedial legisla tion which had been passed to rehabilitate the country.
 Why holler about the treatment : when the patient is well?" he asked. Apparently the Republicans don't know the patient has recovered"
 MT. Hellenthal eulogized the great work of Andrew Jackson as did James J. Connors, another of the speakers. MT Connors said:
 President Jackson served his country in many capacities but it was as President he did his greatest service by leading the fight against the money power of the country and bringing the government back to the people.
 Our great President today has a similar fight on his hands. Under the last Republican administration our country suffered the worst de- pression in it's history, caused prin- cipally by the manipulatiops of the money power of the country. When Franklin D. Roosevelt was iriaugur- ated President there were millions of people on the bread line and in soup Kitchens begging bite to keep body and soul together. President Roosevelt knew the cause of that condition and in his inaugural ad- dress he promised the people he would drive the money changers out of the temple and bring the govern ment back to the people. Since that time he has sponsored laws and they were enacted: The deposit insurance law, to protect the peoples savings up to s5,000. the security exchange. law which prohibits the sale of worthless securities, and other laws to protect the farmer and home owner.
 Bank Failures
 During the twelve years of Re- publican rule, from 1921 to 1883, there were 10000 banks failed in this country and during that same pe-'