Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-09-25

WIN tillIlA0 LllAt
everything Is 60 y
ing to SIN h.
The exact defini-
ton is one who
believes that onAr'e' ""he'ssh'
everything In nature Is growing
worse"
A lot Of people have been looking
for . name to describe the hetero-
genous mixture that makes up the
minority party, composed Of old-line
Republicans, middle-of the -roaders,
those who think that the New Deal
does not 60 far enough. and few dis
gruntled ex Democrats. Pejorists
party sounds 4 little too long, so may
suggest that we curtail 1t q little and
that henceforth We can speak OF the
Pejo party. This will save = lot of
words to describe an aggregation that
has no definite policy but is united in
the creed that whatever Franklin D.
Roosevelt does Or whatever the New
Deal offers, must be wrong.
A party has to have q leader, so
nominate for that post ex-PreSident
Hoover His most famous declaration
during his last candidacy for the
presidency was something to the effect
that II there was any tampering with
the Smoot-Hawley tariff, grass would
grow in the streets Of our cities, etc.
Hoover Suggests Bedlam.
The New Deal is now more than five
years old and our great cities are q
dust bowl so far as the grass crop is
concerned. Secretary OF State Hulls
reciprocal trade agreements have
knocked the all-time high tariff bill
into a cooked hat. When Mr.. Hoover
relinquished the presidency our i'm
ports amounted to $l,323 zoo, 900 and
our exports $l.6ll .000, 900. That was
for the year 1882 Our imports for 1887
amounted to S3,084,OOO,O0 and our
exports last year had mounted to
$3,345, 000. 900.
The customary last word of every
Republican II mean every Pejo-
speech has told Of the dire conse-
quences that will follow If the New
ACnA SoAeAAuCS NV OIAly AIc VIC W
have industrial bankruptcy but po-
litical chaos. Sometimes we are
threatened with the Hitler DICTATOR
ship. sometimes with Stain COM
munism. Mr.. Hoover is back on the
air insisting that the administrations
policies suggest bedlam rather than
liberalism. Some others point out that
our fiscal policy Is leading straight to
the collapse OF the United States
Treasury, and an absolute end to the
peoples faith in their Governments
solidity. The same papers that ear
ried the news of Mr.. Hoover's speeches
under Pejo party sponsorship an
nounced casually, As q mere matter of
news, that the Governments latest is
sue Of bonds and notes. though the in
terest rate was only "a and III per
cent. was over-subscribed more than
10 times for the bonds and more than
nine times for the notes. According
to the Journal of Commerce, which
is something Of Wall Street Bible.
bank deposits have reached almost an
all-time high. Perhaps there is some
connection between the avidity with
which the low-interest Government
bonds were snapped up and the money
in the banks, but neither incident
seems to jibe with all the prophecies
OF evil that have been shoWerel, on
the country ever since the reactionaries
started In on their claim that not
money but Roosevelt was the root Of
all evil.
Yet Business Improves.
Among the other interesting items
IN the Journal Of Commerce was that
August sales reports indicate increased
retail trade circumstance that Is
typical Of the earliest stages of busi-
ness upturn. Likewise it was recorded
IN this solemn journal of facts, and
figures, and corporation sentiment.
that steel ingot production in August
was the largest in 10 months, and that
car loadings-which Is the technical
measure of railroad activities - had
jumped, to the extent OF 10000 car
loads in week. 1t is also mentioned
In the same journal that the New York
department store sales had hoped up
over last years trade. and another
fugitive item was to the effect that
the steel companies were Smelling out
hundred million dollars to expand
their plants.
These things naturally do not assure
that we are going to be prosperous
forever and a day, any more than
does the $25. 900, 600, 900 increase in the
value OF all securities listed on the
New York Stock Exchange over what
they were when the New Deal began
It's devastating career 1t would. how
ever. be rather difficult to find, in the
condition Illustrated by the widespread
increase Of business, anything to brace
up the views of the professional pessi-
mlsts who are trying to scare the coun-
try into return to reactionism.
Perhaps the Pejos are going on the
theory that If it we're announced that
somebody is going to die, without
stating time, the prophecy must ulti-
mately be fulfilled. They tell us that
the liquidation of the New Deal is the
only thing that can save us from de-
struction. Well, we are having an cleo
ton 4 few weeks hence and there Is
no question that the 18th Congress
will not differ materially from the 18th
Congress. Moreover, President Roose-
velt's term does not expire for . couple
hA Iak