Evening star. [volume] (Washington, D.C.) 1854-1972, 1936-10-17

pointed to by people of other con-
tinents. They wish they had some
thing like it,
Roosevelt was Gaping a 47-speech
campaign tour of 10 Western States
with a dash across upstate New York
today, after asserting in Cleveland that
Wall Street was using stockholders
money" in an effort to prevent his re-
election.
Addressing thousands standing In
the rain In the Ohio lake-front city
last night, the Chief Executive said
literature was being sent stockhold-
ers and bondholders from the great
financial district of New York" warm
ing them against returning this ad-
ninistration to Office" He added:
This waste OF stockholders money
is being perpetrated by the same group
which had brought business as a
whole to its knees during the dark
days of the depression"
The Cleveland address. seventh of
the day in Ohio, was delivered from
the rear platform of the Presidents
campaign special. Afterward the
train left for Buffalo and laid over
there for the night before starting for
Niagara Falls.
To Speak at Rochester.
His principal speech OF the day was
scheduled for Rochester-in early
afternoon at the citys convention
hall. He was to be there an hour.
Late in the day he planned to leave
his train again to address a few words
to a plaza crowd in Utica. then leave
for Albany for dinner with Gov Her.
bert H. Lehman. He was due at his
Hyde Park home tonight around
1890.
The Presidents Cleveland speech
was his first formal address made
from the campaign special back
porch" and the seventh major one OF
his Today. 5,000-mile circle of The
agrarian and industrial West Other
major speeches were made at st
Paul, Omaha, Denver, Wichita. Chi
cago and Detroit.
Thinking Held FOggy.
He told his Cleveland audience that
corporation directors and lawyers who
''use the money of their stockhold-
ers" against an administration trying
to broaden markets for their OWL
goods were, ito put it mildly, LITTLE
foggy in their thinking processes"
In this era" he added, "wher
many families hold stock in man,
diversified industries, it does them NJ
good to depress the condition Of labol
in any industry. They profit bes
when labor is justly served"
Repeating what he said at Chicago
the President expressed confidenc,
business men and investors woult
show by their votes that they hav'
not been frightened or fooled by tn,
expensive propaganda Of those whit
would seek to spread the gospel o.
fear-fear that this administration il
antagonistic to business"
He added the answer to that charge
could be found in the record O.
what the New Deal had done fol
business"
II repeat here" he asserted, tina
the record shows that no administra'
ton in the history Of the United
States has done so much to encourag'
the business Of the Nation"
"Trickle Down" Theory Hit.
After enumerating figures to show
"an increase in business for every
group" in Ohio, he declared this was
q refutation Of what he called the
"trickle down" theory of previous adj
ministrations.
This theory, he explained, was
based on the lending Of money to the
"few financial interests at the top Of
the economic pyramid" in the hope II
would seep down into the pay envel-
opes of workers. into the ledgers OF
independent business men and into
the farmers pocketbooks.
1.-THE trouble with that theory was
that there was always too little left
to trickle more than half way down,
he continued.
The President commended his ad-
ministration had acted "in the con-
viction that the way to bring about
recovery was to tackle the problems
of those who were at the bottom OF
the economic pyramid, to increase
earnings and income, and through
them the purchasing power OF every
body"