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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Feb. 13, 1936)
PAGE TWO The OREGON STATESMAN, Sales, Oregon, Tharsdajr Morning, February 13, .1936 ooverBeeeh mmH Market Boom i Is Unsettling Former President in Talk at Portland Refers, Noted Americans 'Confused Slate of Nation' la Outcome of F. R. and New Deal , PORTLAND, Feb. Fermer President Herbert Hoover will next address the nation on the political and gov ernmental situation March 7 at Colorado Springs, Colo., his as . fteclate and traveling compan ion. Ben Allen, raid tonight. The soeerh will be before the Young Republican there. PORTLAND. Ore., Feb. 12.-;P) -Former President Herbert TIoo ver charged the new deal tonight with generating confusion and fear throughout the nation's life f He attributed the current Btock rtarket "boom" partly to fear of Inflation prosnects rather than confidence in the future and sar castically attacked administration activities by commenting on quo tations of Thomasrefferson, An drew Jackson, Daniel Webster and Theodore Roosevelt which had been used in presidential ad dresses. : Mr. HooTer spoke at a Lincoln birthday dinner on "the confused state of the union." directing particular fire at President Roose velt's recent state of the union message in which he mentioned "the right of the average man and woman to lead a finer, bet ter and happier life." -: Charging the new deal with de stroying this right, Mr. Hoover declared: w Problems of Nation are Solved "The outstanding state of this union at this hour ia a state of confusion. Confusion In thought, confusion in government, confu sion in economic life, and con fusion in Ideals. Few national problems have been solved.". Among the accusations he hurl ed at his successor were: 1. The "explosive" forces of in flation are already generated, re sulting for one thing in higher liviog costi. 2. The new deal seeks to per suade votes for it from relief reci pients. 3. An unbalanced budget and unstable currency are retarding recovery. 4. The budget at present is the worst balanced in history." f I. The confusion characteriz ing other activities is not present Is new deal politics. "The president . . . says 'the only thing we have to fear is fear," Hoover declared. "Just so. Fountain of Fear" Poors from New Deal The new deal has been a verit able fountain of fear. The day after the new deal was given life I 'Added X 1H ARfH fHSEmW T0DAY wHsMk and FRIDAY i f A 21-CUN UM r: g BLAST mmm THB SCREEN'S TOEST SHORT FEATURE! f L Hoover Address Highlights (By Associated Press) The new deal has been a veritable fountain of fear. The stock market boom today is not from confidence In the future; ft is partly from fear of Inflation. The outstanding state of this confusion. : The unemployment of millions of men in the capital goods industries is due to fear of new deal currency policies. A balanced budget and a. stable currency would put more men to work than the whole WPA. They need confidence, not confusion. Did it ever occur to American wage earners that the de . valuation was a cnt in wages? These currency and credit policies (of the new deal) have driven men aTl over the nation into a scramble of buying equities to protect themselves. The new deal is optimistic that with relief under political control from Washington its dependents ran be persuaded in their vote. The poison of politics is mixed The national debt now bids $35,000,000,000. We are deluged with Inconsistencies in action and conflict in purposes. Statements, propaganda, and philosophy collide every day. Many are half truths and some are murky on that other half. . . . began the Great Fear which created the bank panic of March 4, 1933. The stock boom today is not from confidence iu the fu ture; it is partly from fear of in flation." Unemployment' of millions in the capital goods industries, he said, is due to fear of new deal currency policies. Charges of "confusion' were levelled at administration fiscal and relief policies in a new tack of Hoover's criticism upon these new deal items. "Within a month since the president's budget message," he declared, "it has become more confused by four or five billions more expenditures. ' 35 Billions Seen for National Debt Total "The national debt now bids fair to rise to a minimum of 535, 000,000,000," Hoover said in as serting the increase of $1,250, 000,000 during his administration is only "about 10 per cent of what new deal mechanics will ac complish." "This nation has been steered Into the dangerous channels of borrowing these vast deficits. . . by a huge cvele of bank credit in flation. That is printing press cre dit. The charts of all history show this channel leads to currency in flation. Every democracy which has entered these straits has been sunk. . . "Today the budget is the wor3t balanced in history, the currency has its foundation in the will of one man. . . "The explosive forces of infla tion are already being generated." He charged the average prices kof industrial common stocks today are at the 1926 levels. "But in 1926 there were no un employed; today there are 10, 000,000 unemp'oyed." Latest Issue OF TIME" nation at this hour la a state of in the bread of the helpless. fair to rise. to a minimum of He said that in 1926 foreign trade was flourishing, while to day it is "demoralized"; that in 1926 the budget was balanced, the currency stable. "The average price of industrial stocks has been restored to 1926, but have the real incomes of farm ers and labor been restored . . "These currency and credit pol itics," Hoover charged," have driven men all over the nation in to a scramble of buying equities to protect themselves. . . "Millions have been made in the stock market. . . At the same time millions of Americans are tramping the streets looking for work. . ." Ho asserted the cost of living has soared from administration devaluation and inflation policies. "Did it ever occur to American wage earners that devaluation was a cut in wages?" he asked. Children to Pay For Economic Follies "Both we and our children will pay for these follies. . . . "Does that point the way to a 'finer, better, happier life?' "A balanced budget and a sta ble currency would put more men to work than the whole WPA. They need 'onfidence, not confu sion." He asserted the new deal re lief policy "under political con trol from Washington" is aimed at obtaining the relief recipients' votes and charged the "poison of politics is mixed in the bread cf the helpless." "But the ballot box Is secret, and the conscience of the average man and woman may not be con fused." Referring to "muttering" tha' the constitution is outmoded, Hoo ver declared "no progressive ni'r.d will feel that the constitution shall not be changed to meet the needs of chaneng national life."' People Have Right To Know Proposed Changes "But what is the chance thee men harbor in their minds?" he queried. "The American people have a right to know. . . now. "Whatever the change. . . it must be clear of those confusions which impair the great safeguard of human liberty." He charged administration poli cies were scattering confusion along the road to business recov ery "that began instantly upon the restoration of some degree of con fidence by the supreme court." To that tribunal, Hoover at tributed "decisions crashing through new deal tyrannies which brought a gleam of confidence from the fears that had retarded recovery." The former chief executive, v ho failed again to reveal his plans in the coming campaign. nounced upon what he said was the administration's civil service record to Bhow there is no confu sion in new deal politics. Civil Service Lapse is Decried by Hoover ' He said officials under civil service increased in his adminis tration to 81 per cent from the 75 per cent of the Coolldge reign, but that under President Roose velt, the percentage had dropped to 57. He said the new deal had increased part or full time fed eral officials by over 350.000. He quoted the New York Times, whicfi he said was an administra He played with firm-end burned everybody up! ANN SOTHERN - USE CHINESE HERBS When Others Fail CHARLIE CHAN Chinese Herbs REMEDIES Healing virtue has been tested hundreds years for chronic ail meats, nose, catarrh, ears, Fon lungs, asthma, chronic cough, stomach, gall . stones colitis, constipation, diabetls, kidneys, bladder, heart, blood, nerves, neuralgia, rheumatism, high blood pressure, gland, skin sores, male, female and chil dren disorders. C. JL Fong, 8 . years practice in China, Herb Specialist, 122 N. Commercial St, Salem, Ore. Office hours 0 to 6 1 -1 Ti1frffiS'agTic. 1 t e-w f Y tion supporter, as showing the re settlement administration employs 12,089 federal officials to aid 5, 012 persons or families; that it costs $1,750,000 monthly for the officials and $300,000 for the re lief. Hoover accused President Roosevelt of "confusing the public mind" by reference to the union's being alive with "money - chang ers," "seekers for selfish power" and "entrenched greed." "It has merit as a call to class war," he said, "a red herring across the trail of failure ... a claim that righteousness new has refuge alone in Washington, and an avoidance of fact and figures. It is net the mould of debate of Abraham Lincoln. It does not heal the wounds of the nation." He referred to a statement of three years ago by Mr. Roose velt that "the money changers have fled from . . . the temple of our civilization." "It would appear," said Mr. Hoover, "that after three years ot the new deal they have all come back again with helpers. "Also I had the impression the new deal had taken over the busi ness of changing the money." Heater Flue Blazes SILVERTON, Feb. 12. The Silverton fire department was called out to check a fire Tues day noon at the Arthur Heater home on Welch street. The fire proved only a chimney fire and no damage was done: The Call Board GRAND Today "Grand Exit" with Edmund Lowe. Saturday "The Lone Wolf Returns," with Meivyn Douglas. :T"; PS 1 fSSJKgH t-AjZl Marie" Saturday ''The Eagle's f lOBln-sA" AMUHIEriVANt I ! . nl 1 "I'iV'T -IV V. V ' I'nf H'VWWWMPPfmBBB Brood" with Bill Boyd. H . hjUi f-r'v 7 art iV if A-m"am I 7 : : I P3b3 Fri. and Sat.- 2teL I IFWiPV '"-0 -f. CHARMING! ! Mystery! Thrills!! fl 'Mf eV"y 1 EXTRA J STARTLING! I MARGOT GRAHAME ! I V'ijSSJC. ComedynaUSh DANGEROUS I ! in capitol 1 1 pi "husband's I Is-- iCrfSTTTl 1 1 "ll : -jss-s : r&A H0L1DAY" j "j -TWO m . : pra;sdj?,f ;es : )y r'v K ' 1 lofltn& flRKtj j -THE DnnCIl 1500 Have WPA Jobs in County Every man eligible for WPA work in Marion county and able to handle a lob when one is as signed him, has been placed, D. D. Dotson, reemployment office man ager, announced Here yesterday. Dotson said he estimated 1500 to 1600 men were on WPA Jobs from this county. He explained vesterdav that un skilled workers for PWA jobs, many of which are Just starting here, would be taken from WPA projects since PWA officials are anxious to reduce WPA's lists as rapidly as possible and to give men longer employment at better pay. Dotson said all skilled work on PWA projects would be taken from union lists of workers as long as men were available. If un ion men are not available, skilled men not In the trades unions will be taken. Several non-skilled men have THURSDAY - FRIDAY - SATURDAY Two Aee : IlliiiilO llfiSPJS OF RICH, RIPE-BODIED TOBACCO "IT'S TOASTED recently found work with the Kern it Kibbe firm on the under ground crossing north of Salem. The state hospital annex job is requiring more men daring the last week, Dotson reported. Carpenters Called For Grade School First call for carpenters for the new grade school to be built on Mission street was issued yester day at the reemployment offices here by Dave Doerlng who is to act as construction foreman for Drake, Wyman and Voss, Inc., who have the contract for the job. The men were promptly furnish ed by D. D. Dotson, manager of the reemployment office. Dotson said some shortage was already developing in certain skilled trades here, since he was unable to fill a request for three steel workmen on the state hos pital work here. The requisition from the latter project was sent on to Portland. Feattnmres Jerniina Lund to Be Buried Today SILVERTON,-Feb. 12. Funer al services for Mrs. Jermina Lund, 76, will be held from Cal vary Lutheran church Thursday at 2 o'clock with Rev. E. O. Lar son in charge. Interment will be made in Evens Valley.' Mrs. Lund was born In Black Earth, Wis., May 4. 1859. She lived there until 1877 when she eame on to Traill county. North Dakota. In 1879 she was married at Portland, N. D. In 1919 Mr. ! and Mrs. Lund came on to Silver- ton. Survivors include the widower, O. G. Land; two sons, Otto G. THE STYLE AWARD FOR 1936 WENT TO GRAHAM The Sweepstakes for Economy from Los Angeles to Tosemite, 2S.67 miles per gallon, was won from a field of 30 compet ing makes of cars by GRAHAM The prices of these three great lines of cars run from $875 to $1458, fully equipped, delivered here in Salem. We INVITE YOUR IXSPECTION LODER BROS. 445 Center St. Phone 61S3 Salem, Oregon For Seven Years Your Graham Sales and Service for Marion and Polk Counties Home of Good Used Cars Lund of "Brocton, Mont., Or low B. Lund, Shelby, Mont.; Mrs. Christine Thompson and Mrs. J. M. Clancy of Silverton and Mrs. T. Thompson of San Francisco. Valentine Bdx Social to Be Held Tonight, Chematca CHEMAWA, Feb. 13. The public la invited to attand an old fashioned Valentine box social, Thursday evening at the MWA hall at Chemawa. There will be an entertainment and social. Ladies are requested to bring a box con taining a luncheon tor two. These boxes will be auctioned and the proceeds will go toward the build ing fund of Chemawa grange. MATINEE 2 DAILY 2:15 p.m. 500 SEATS 25c Don't Misa This Terrific Musical Hit! JEANNETTE MacDONALD NELSON EDDY In it (MMHNint (Sunday aavd Wed. B to lO
