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