The Wilmington morning star., 1940-11-02
BOST SAYS u. S.
WILL NOT SELL
ROOSEVELT SHORT
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III I1oo ~ = &ANSAAAS 80
is the debt of a country which has
resources worth 400 billions and holds
80 per cent of the gold in the worl
and owns a majority of such items
as automobiles and railroads.
Bost referred to the current ma
tional debt as representing personal
debt, sound investments in highways,
construction, hospitals, and national
defense projects, and corporate good
will.
Prosperous Period
The census taken in 1880, he point
ed out, covering what was consider
ed the most prosperous period in u
nations history, showed 81 per cent
of the population vas living in vari-
GUS levels, with wealth concentrated
among a few, and a large number
living at or below minimum stand
ards of common decency.
Administrations of such repub-
lican presidents as Harding, Coolidge,
and Hoover had left to Roosevelt"
he said, the task of assuming the
presidency when census records
showed eight and a half million were
living below the poverty level of
$500 annual incomes, IS million with
incomes ranging from $500 to $1,000,
and % million with incomes averag-
ing from $1,000 to $1,000.
Conditions in general in North
Carolina during the period from 1927
to 1888 were reviewed by Bost, who
cited the failure of 1876 banks in the
state, an array of underprivileged
people, and the need for improve.
ments in highways and distribution
Of food. The state, in that period,
he said, was in a condition Of chronic
deficiency, which indicated a most
disconcerting gap W the
streams Of poverty and plenty.
The nation and state had been
living in a period, termed prosper
GUS because of growth, building pro
grams, and more trading. Now none
of us is going to sell Roosevelt
Short" Bost declared.
Buying Better Things
The speaker said the so-called
'boloney dollars of the present ad-
ministration were buying better
things today than ever before and
citizens were getting more good out
of them. Bost also discussed what
the Hoey administration in the state
would leave, if Broughton was de-
feated, and the governorship was
turned over to Robert H Mcneil,
whom he termed a nonresident.
In this connection, he referred
to improvements in the states bank
ing system, the distribution of sur
plus commodity products to the un-
de%rprivileged, and the benefit pay
ments being made to the aged and
dependent persons.
During the past seven years there
have been no banking failures in
North Carolina. Your investments
are now safe. I don't think we are
going back. The bankers would much
rather you feel that YOU money is
safe and beg you to borrow than
have you run after them" Bost said.
Refers to Wilson
The speaker said no one in the
state is afraid Of his money and the
states financial system is on a
sounder basis than ever before. In
referring to another democratic
president, Woodrow Wilson, Bost
said he, too, could e which way
the money strings were being pulled
Wilson, he said, transferred money
strings from New York to Washing
ton and made an effort to restore Or
der to the financial world. The col
lapse of the country came after 10
years of three Republican admins
trations Harding, Coolidge and
Hoover-and then Roosevelt became
President, he said.
Bost said Roosevelt led the coun-
try in a masterful way and brought
to the Democratic party nearly twice
as many votes in it's history.
Next Tuesday the money makers,
by voting against Rooseelt, may be
casting a vote against themselves,
in spite of the benefits received dur
ing the present administration. Sew
entv nine per cent are expected to
vote for the man who discovered In
1888 that persons should not keep
their money but should share it with
Others" he said.
Farms won't fold up, banks won't
blow up, and homes are not COINS
to be sold because of the purchasing
power created by the Roosevelt ad'
m%inistration and the partial closlns
of the gap between the streams OF
poverty and plenty, the speaker de-
clared in closing his remarks.
Hugh MacRae, called on for a brief
talk, said Roosevelt was the great
est President we have ever had
lauded Bost for his true and power
full analysis of national issues, and
declared he has absolute faith in the
President.
Thirty thousand Americans are
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