Evening star., 1936-06-10
STEIWER'S KEYNOTE SPEECH BEFORE CONVENTION

JlVeS III b1lS SFndtc opportunity 70
express any opinion. 1t permits in
experienced visionaries in the New
Deal to destroy opportunity which
our people need and should be per-
mitted to enjoy.
OF course, such q system fails to
accomplish expansions in our for
eign trade, which was the declared
purpose of this law. 1t has In
creased the sale In our markets Of
goods produced by aliens which
our producers should have sup
piled.
Agreements have been negotiated
right and left with shrewd foreign
traders who have reduced rates on
articles which they desired to i'm
port into their countries, whereas
the administration pretended
good peighbor" policy has resulted
in American reductions of duty in
agricultural, dairy and forest prod
ucts, OF which we already had a
surplus. The net result is a down.
ward revision of the tariff which
has seriously impaired our Ameri-
can system of protection. For the
sake Of our people. We must realize
that the administrations wishful
hope to rescue the world at our
expense has injured American in
dustries and agriculture and added
unemployment, destitution and
want.
The combined effort Of reckless
and uniformed trade agreements,
plus the administrations monetary
policies are fast putting our Ma
tion under foreign control. The
devaluation of the dollar. COM
bined with the purchase Of gold
at $35 an ounce, has given to for
eigners in gold-standard countries
bargain rate on America. They
have sold us gold to the extent of
nearly $4,000 100000. With the
proceeds the foreigners have
bought our securities, have taken
back their own defaulted securities
at discount, and although we
were a creditor nation. we are in
fact probably now a debtor nation.
And the New Dealers have not
found 1t out.
Devious Ways Found 10
Circumvent Basic Laws.
To preserve our country. We
must get into the American stride
again. One way to do it is to rid
every administrative post of the
political opportunists who now
diStort the policies of our Govern
ment. Our basic law was framed
by far-seeing patriots who sought
improvement by every honorable
means. To permit change and ex-
pansion, opportunity for amend
ment was provided in the Consti-
tuition itself. But the present ad-
mlnlstration. not trusting the peo-
pie in whom alone reposes this
power. has attempted to effect
changes by devious procedures that
amount TO nulllf1catiOn.
At no time has the New Deal
been frank enough to reveal its
real purpose by submitting a pro-
posal for constitutional amend
ment. The administration has
shown preference for change by
indirect means. In this they are
entitled only to the peoples con-
demnation. The menace to our
American system lies, not in
amendment by due and regular
procedure, but in it's notification
by inoirection. A shocking per-
version of democratic principles is
rejected in the assumption Of New
Deal autocracy that it should ex-
ercise greater powers and that il,
and not the people. should deter
mine the extent of such power.
Another way TO regain our
American stride is to reduce forth
with the size of the Federal Gov
ernment and to stop its wasteful
spending. We point to our record
OF past performance. Fifteen years
ago the Republican party met a
fiscal situation not unlike that
which confronts the country today.
Our Nation was deep in debt and
taxes. Government bonds were 10
or IL points below par. Millions
were unemployed. The budget
system was installed and enforced.
Taxes were cut, debts were reduced
and Governments bonds went to
par and STAYED there! During the
II years of Republican administra-
tion. taxes were reduced five times.
What we have done once We will
do again.
No Nation Can Capture
Prosperity by Spending.
Above all else is the need for the
old fashioned idea of thrift. No
government can borrow itself rich,
or spend itself prosperous. In pri-
vste affairs. We succeed only by the
practice of sensible economy. Those
who practice extravaganza invite
destruction. This Nation. for a
time, forgot the necessity for econ
omy. We have learned it again.
The administration has demon
strated that it is unable to obtain
even semblance of prosperity ex-
cept by buying it. and its pur-
chases are on a basis so vast and
so impractical that they ultimately
would destroy America. BY Mid
summer the amount Of their spend
ing will equal the value of all the
farm land and all the farm build
ings IN the United States. and the
New Deal harvest is yet to come.
BY July the present admins
tration will have increased the
national debt more than s14,OOO.-
100000, and has announced that
before balanced budget can be
obtained there will be a further
increase of several additional bill
lions. I warn you that if America
is to survive, debt expansion must
be ended. A reSolute and uncom-
promising purpose to secure a ball
anced budget and honest aSsur-
ances Of reduction in debt are es-
Sentisl TO restoration Of public con-