Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-24
Wilkes Horborcreek Speech

ment, that 1t builds no permanent
structures and creates no consumers
goods for the maintenance of a last
ing prosperity.
I'VE know that nations guilty of
these follies inevitably face the day
when either their weapons of de-
struction must be used against their
neighbOrS or when an unSound
economy, like house of cards, will
fall apart.
That's what the third-term candi-
date said about employment in ar
mament industry in 1885, and in
1910 I agree with him.
And on another occasion the
third-term candidate told us that
recovery that comes from arma-
ments is FOOLS gold. I agree with
him And yet today he tries to
justify his administration on the
basis of recent Unemployment due
to ornaments, a false employment,
as he himself has told us.
Defense Will Be on Hand.
Now I intend to build ornaments,
too, if you elect me President OF
the United States That is exactly
what I have been talking about from
one end of the Nation to the other.
The building of national defense
that is on hand and not on order.
But, at the same time, want TO
stimulate our domestic economy so
that when the defense program has
been completed there will not be a
def1ation and unemployment of hun
dreds of thousands of men and
financial chaos If We do not slim
ulate our domestic economy, it is
inevitable that the United States
at the completion of this program
will have one of the greatest panics
in history
1t was also interesting to listen to
what he had to say about recovery
since 1882 OF course you all re-
call that 1882 was the bottom of the
depression A fair comparison
would be: What has happened in his
seven years, compared with the pre-
ceding seven years? He tells us for
instance that the hourly wages OF
workers are up. That is good But
what about the 100000 workers
who have no jobs at all? He tells
us that business profits are up.
But what about the idle factories?
1t does the unemployed no good to
tell them that we are better off
than in 1882. A fair comparison
would be to compare the record OF
the seven New Deal years with the
seven years that preceded the New
Deal-years which included three
years Of the worst depression this
country has ever known. And
when we make that comparison
what have we found?
We find that the national income
under the administration of the
third-term candidate is down II per
cent; that industrial production is
down S per cent; construction con-
tracts down so per cent; farm in
come, including Government pay
ments, down 20 per cent; industrial
wages and salaries down 81 per cent;
dividends down 80 per cent, and new
COl pOI dCC SdplCdl uoCo W SAPoAio
our industrial plants and provide
jobs down "a per cent.
Failure Written in Relief Rolls.
I want the third-term candidate
to stand on that record. How ever
he may twist and turn and seek to
justify his record by partial facts
and incomplete comparisons, the
history of his failure is written in
the relief rolls of this country. No
amount of words can cover up the
fact that today more than 5000, 900
men are out of work.
The third-term candidate now
tells us that he is determined in the
next four years to make work for
every man and woman in America
a living fact.
Once again he gives us promises