The Bismarck Tribune Newspaper, August 12, 1932, Page 6

Lala g L% a! y and ; slowly E ance of whoce remotest -population WEL! THE BISMARCK TRIBUNE, FRIDAY, AUGUST 12, 1982 sent BAR ARSENAL PRESIDENT GIVES PARTY KEYNOTE IN CURRENT CAMPAIGN Outlines Stand on Pressing Is- sues, Prohibition Attitude ls Surprise HOLDS FAST TO TRADITION Asserts Stress of Times Must Not Be Allowed to Shake Nations Base Washington, Aug. 12.—(?)—The text of President Hoover's speech accept- ing renomination fol! Mr. Chairman and my fellow citi- zens: In accepting have brought simply and so p! t every man and woman in the United States whi ad my words can not honor to so ree years have been a at | any | American | h of the] er suffering and ha which have com people since the Civil w: back over th troubled 2s W ize that we hav passed through two stages of disloca- tion and str | Before the storm broke we wer steadily gaining in prosperit: Cur) wounds from the war were rapidl; healing. Advances in science and in. vention had opened vast vistas of new} prosperous, we be-| came optimi: all of us. From op: timism some of us went to overexpan- sion in anticipation of the future and} from overexpansion to reckless specu- | lation. In the soil poisoned by specu- | lation grew those ugly weeds of waste. Text of you u |profit by the lessons of this exper- government to aid and protect our institutions, public and private. We have provided methods and assur- Jances that there shall be none to jsuffer from hunger and cold. We jhave instituted measures to assist farmers and home owners. We have created vast agencies for jment. Above all, we have | tained the sanctity of the principles! ‘upon which tais republic has grown lereat. People Are Cared For | In a large sense the test of suc cess of our program is simple. Our ;people, while suffering great hard- |? hip, have been and will be cared for. In the long view our institu- {tions have been sustained intact and ‘are now functioning with increasing |confidence of the future. As a na- ‘tion we are undefeated and un- ‘aid. Government by the people as not been defiled. | With the humiiy of one who, by |necessity, has stood in the midst of T can say with pride not to the gov- ernment or to any individual. It is due to the intrepid soul of our peo- pie. It is to their character, their fortitude, their init e, and their courage that we owe these results. We of this generation did not build jthe great ship of state. But the pol- icies I have inaugurated have pro- ted and aided its navigation in this storm. These policies and pro- grams have not been partisan. I ladly give tribute to those members of the Democratic party in congress aatriotic cooperation against and demagogic opposition sted in a of great un- I dertakin Democratic as leaders amongst our tin tion and help. A record of these dangers and these policies in the past three years vill be set down in books. Much of lis is of interest only to history. Our jinterest now is the future. I dell pon these policies and problems only vhere they illustrate the questions of the day and our course in the fu- ture. AS a government and as a people we still have much to do. We must continue the building of our measures of restoration. We must ience. Depends on People Before I enter upon a discussion of these policies I wish to say something citizens for | exploitation, and abuse of financia lof my conception of the relati power. In ‘this ov Es seonievanl et 2 _overproduction and our government to the people and of speculative mania we marched with the responsibilities of both, particular- the rest of the world. Then three}jy as applied to these times, ‘The years ago came retribution by the in-) spirit and devising of this government evitable world-wide slump in con-jby the people was to sustain a dual sumption of goods, in prices, and em-| purpose—on the one hand to protect ployment. At that juncture it was/our people amongst nations and in the normal penalty for a reckless comestic emergencies by great na- boom such as we have witnessed & tional power, and on the other to pre- score of times in our history. Through | serve individual liberty and freedom such depressions we have alw: through local government. after a relatively sh Per-| The function of the federal govern- sses, of hardship, and adjust-' ment in these times is to use its re- We adopted policies in the | serve powers and its strength for the government which were fitting to the protection of citizens end local gov. situation. Gr: the country be-'ernments by support to our institu- gan to rig Eighteen months ' tions against forces beyond their con- ago there was a solid basis for hope| trol. It is not the function of the that recovery was in sight. ‘overnment to relieve individuals of A Blow From Abroad their responsibilities to their neigh- Then there came to us a new ca- | ors, or to relieve private institutions lamity, a blow from abroad of such of their responsibiltes to the public, or Gangerous character as to strike at! of local government to the states, or | the very safety of the republic. The of state governments to the federal | countries of Europe proved unable to government. In giving that protec- withstand the stress of the depres-|tion and that aid the federal govern- sion. The memories of the world| ment must insist that all of them ex-| had ignored the fact that the insidi-| ert their responsibilities in full. It i ous disease left by the great war} had not been cured. The skill and!/ment shall not compete with or re-| intelligence of millions in Europe had/ place any of them but shall add to) las bringing early and definite vital that the programs of the govern- | Y jforming a continuous waged against the forces of destruc- jtion on a constantly shifting front. Government Takes Lead Thus we have held that the federal jgovernment should, in the presence jof great national danger, use se jinsist upon individual, and state responsibility. ‘should furnish leadership to assure ithe coordination and unity of all ex- jisting agencies, governmental and i e, for economic and humani- action, That where it becomes [Recessary to meet emergencies be- ;yond the power of these agencies by the creation of new government in- ‘umentalities, they should be of ;Such character as not to supplant or | Weaken, but rather to supplement and Strengthen, the initiative and enter- prise of the people. That they must, directly or indirectly, serve all the eople. Above all, that they should be set up in such form that, once the emergency is passed, they can and must be demobilized and withdrawn, leaving our governmental, economic, and social structure strong and whole. We have not feared boldly to adopt | unprecedented measures to meet the; unprecedented violence of th2 storm.} But, because we have kept ever be- fore us these eternal principles of our nation, the American government in| its ideals is the same as it was when| the people gave the presidency into my trust. We shall keep it so. We have resolutely rejected the tempta- tion, under pressure of immediate events, to resort to those panaceas {tarian essful, would ultimately w ind weaken what has slow! been built and molded by experience and effort throughout these hundred and fifty years, Organized Against Panic It was in accordance with these principles that in the first stage of the depression I called the 1 business and of labor and a: to meet with me and induced them, by their own initiati' to organize against panic with all its devastating | destruction; to uphold wages until) the cost of living was adjusted; to spread existing employment through shortened hours; and to advance con-| struction work, public and private, against future need. In pursuance of that same polic: each winter thereafter assumed the leadership in mobilizing all the vol-| untary and official organizations throughout the country to prevent suffering from hunger and cold and to protect the million families strick- | en by drought. When it became ad- | visable to strengthen the states who could not er carry the full burden |of relief to distress, I held that the! |federal government shou!d do so through loans to the states and thus! maintain the fundamental responsi- bility of the states. We stopped the attempt to turn this effort to the po- ics of selfish sectional demands. We kept it based upon human need. It is in accordance with these prin-j ciples that, in aid to unemployment, | we are expending some six hundred jmillions in federal constructio: ‘such public works as can be justified | re-| We have opposed the distor- tion of these needy works into pork- barrell, non-productive worss which impoverish the nation. | i | | | turns. {private industrial and financial re- |changing situations and to further establishing a new system of home- loan banks so that, through added strength by cooperation in the build- banks, and the .insurance companies, we may relax the pressure of forfei- {ture upon home owners ,and procure the release of new resources for the construction of more homes and the employment of more men, It was in accordance with these ‘principles that we have insisted upon. a reduction of governmental ex- Pens for no country can squander itself to prosperity on the ruins of its taxpayers, and it was in accord- ance with these purposes that we have sought new revenues to equalize the aiminishing income of the gov- ernment in order that the power of the federal government to meet the {emergency should be impregnable. It is in accordance with these prin- ciples that we have joined in the de- velopment of a world economic con- ference to bulwark the whole inter- national fabric of finance, monetary lues, and the expansion of world commerce. It is in accordance with these prin- ciples that I am today organizing the sources of the country to cooperate effectively with the vast govern- mental instrumentalities which we have in motion, so that through their united and coordinated efforts we may move from defense to powerful attack upon the depression along the whole national front. ing and loan associations, the savings ; Hoover Speech Accep campaign (ciples that we are now in process of|to the congress in respect thereto, in- cluding legislation to correct the waste and destruction of these re- jSources through the present interpro- tations of the anti-trust laws. [ shall continue to urge such action. 9. This depression has exposed many weaknesses in our economic jSystem. There have been exploitation {and abuses of financial power. We {wil fearlessly and unremittingly re- ;form such’ abuses. I have recom- {mended to the congress the reform of our banking laws. Unfortunately this legislation has not yet been enacted. The American people must have pro- tection from insecure banking through a stronger system. They must be relieved from conditions which permit the credit machinery of the country to be made available, without adequate check, for wholesa: speculation in securities, with ruin- ous consequences to millions of our citizens and to national economy. I recommended to the congress emerg- ency relief for depositors in closed banks. For seven years I have re- Peatedly warned against private loans abroad for non-productive purposes. I shall persist in those matters. 10. I have insisted upon a balanced budget as the foundation of all pub- lic and private financial stability and of all public confidence. I shall in- sist on the maintenance of that pol- icy. Recent increases in revenues. while temporary, should be again ex- amined, and if they tend to sap the vitality of industry, and thus retard, In Action Now These programs, unparalleled in the history of depressions in any country and in any time, to care for distress, to provide employment, to aid iculture, to maintain the fi- nancial stability of the country, to safeguard the savings of the people, to protect their homes, are not in the past tense—they are in action. I shall propose such other measures, public and private, as may be neces- sary from time to time to meet the speed economic recovery. That re- covery may be slow, but will succeed. And come what may, I shall main- tain through all these measures the sanctity of the great principles under which the republic over a period of 150 years has grown to be the great- €st nation on earth. I should like to digress for one in- stant for an observation on the Past three years which should exhilarate the faith of all Americans—that is the profound growth of the sense of social responsibility which this de- pression has demonstrated. No government in Washington has employment, they must be revised. Would Cut Expenses 11. The first necessity of the na- tion, the wealth and income of whose citizens has been reduced, is to reduce expenditures of government, national, state, and local. It is the relief of taxes from the backs of men which liberates their powers. It is through lower expenditures that we get lower taxes. This must be done. Consider- able reduction in federal expenditures has been attained. If we except those extraordinary expenditures imposed upon us by the depression, it will be found that the federal government is operating for $200,000,000 less annually than four years ago. The congress: rejected recommendations from the administration which would have saved an additional $150,000,000 this fiscal rr. The opposition leader- ship insisted, as the price of vital construction legislation and over my protest, upon adding $300,000,000 of costs to the taxpayer through pub- lic works inadvisable at this time. I shall repeat my proposals for econ- omy. The opposition leadership in the house of representatives in the 18. There are many other impor- tant subjects fully set forth in the Platform and in my public state- ments in the past. 19. The leadership of the federal government is not to be confined to economic and international questions. There are problems of the home, of education of children, of citizenship, the most vital of all to the future of the nation. Except in the case of aid \to states which I have recommended for stimulation of the protection and health of children, they are not matters of legislation. We have given leadership to the initiative of our people for social advancement through organization against illiter- acy, through the white house confer- ences on protection and health of children, through the national confer- ence on home ownership, through stimulation to social/and recreational agencies. These are the visible evi- dences of spiritual leadership by gov- ernment. They will be continued and constantly invigorated. Seeks World Peace 20. My foreign policies have been devoted to strengthening the foun- dations of world peace. We inaugur- ated the London naval treaty which reduced arms and limited the ratios between the fleets of the three pow- ers. We have made concrete pro- Posals at Geneva to reduce arma- ments of the world by one-third. It would save the taxpayers of the world @ billion a year. It would save us over $200,000,000 a year. It would reduce fear and danger of war. We have expanded the arbitration of dis- putes. I have recommended joining the world court under proper reter- vations preserving our freedom of action. We have given leadership in transforming the Kellogg-Briand pact from an inspiring outlawry of war to an organized instrument for peace- ful settlements backed by definite mobilization of world public opinion against aggression. We shall, under the spirit of that pact, consult with other nations in times of emergency ! the U. 8. is to enforce the laws as they exist, That I shall continue to do to the utmost of my ability. Any other course would be the abroga- tion of the very guaranties of liberty ‘The constitution gives the president no power or authority with respect to changes in the constitution itself; nevertheless my countrymen have a right to know conclusions upon this matter. They are clear and need not be misunderstood. They are based upon the broad facts I have stated, upon my experience in this high office, and upon the deep con- viction that our purpose must be the elimination of the evils of this traf- fic from this civilization by prac- tical measures. It is my belief that in order to rem- edy present evils a change is neces- sary by which we resummon a proper share of initiative and responsibility which the very essence of our gov- ernment demands shall rest upon the states and local authorities. That change must avoid the return of the saloon. It is my conviction that the nature of this change, and one upon which all reasonable people can find com- mon ground, is that each state shall be given the right to deal with the problem as it may determine, but ‘Subject to absolute guarantees in the constitution of the United States to Protect each state from interference and invasion by its neightprs, and that in no part of the United States shall there be a return of the saloon system with its inevitable political and social corruption and its organ- ized interference with other states. American statesmanship is capable jof working out such a solution and making it effective. People Directly Affected My fellow citiens, the solution of great problems of economic life arid of government often seems abstract and cold. But within their right so- lution lies the happiness and hope of @ great people. Without such solu- to promote world peace. We shall enter no agreements committing us to any future course of action or which call for use of force to pre- serve peace. Above all, I have projected a new doctrine into international affairs, tion all else is mere verbal sympathy Today millions of our fellow coun- trymen are out of work. Prices of tae farmers’ products are below a liv- ing standard. Many millions more who are in business or hold empioy- ment are haunted by fears for the itself, i future. No man with a spark of hu- the doctrine that we do not and never will recognize title to possession |™a@nity can sit in my place without of territory gained in violation of the| Suffering from the picture of their peace pacts. That doctrine has been|@DXieties and hardships before him accepted by all the nations of the|4ay and night. They would be more world on a recent critical occasion,|than human if they were not lead to and within the last few days has been }blame their condition upon the gov- accepted again by all the nations of |€™™ment in power. I have understood the western hemisphere. That is|their sufferings and have worked to hitherto considered that it held so broad a responsibility for leadership in such times. Despite hardships, the devotion of our men and women to those in distress is demonstrated by the national average of infant mor- tality, general mortality and sick- ness, which are less today than in times of prosperity. For the first t in the history of depressions, dividends, profits, and cost of living have been reduced before wages have suffered. We have been more free from industrial conflict through strikes and lockouts and all forms of social disorder than even in nor- mal tim The nation is building aoe ppatire of men toward new lela@s of social coope! - earns ‘operation and en-! So much for the great national emergency and the principles of gov-| past four months secured passage by the house of $3,000.000,000 in such raids. They have been stopped. I shall continue to oppose raids upon the federal treasury. 12. I have repeatedly for seven years urged the congress either them- selves to abolish absolute bureaus and commissions and to reorganize the while government structure in the in- terest of economy, or to give some one the authority to do so. I have suc- ceeded partially in securing author- ity, but I regret that no substantial act under it is to be effective until approved by the next congress. ‘Tariff Helps Farmers 13. With the collapse in world prices and depreciated currencies the farmer was never so dependent upon his tariff protection for recovery as It is in accord with these principles | and purposes that we have made pro- | vision for one billion five hundred | million of loans to supporting | works so that we may increase em- been blotted out by battle, disease.! their initative and their strength. It| and starvation. Stupendous burde is vital that by the use of public of national debts had been built up | revenues and public credit in emer. Poisoned springs of political instabil-! gency the nation shall be strengthen- | ity lay in the treaties which closed | ed and not weakened. i the war. Fears and hates held arm-! And in all these emergencies an aments to double those before the|crises and in all our future policies! war. Governments were fallaciously|we must also preserve the funda-| seeking to build back by enlarged|mental principles of our social and| borrowing, by subsidizing industry |economic system. That system is with taxes that! founded upon a conception of ordered sa the savings uponjfreedom. The test of that freedom which ind y must be rejuvenated|is that there should be maintained and commerce solidly built. Under |equality of opportunity to every in- these strains the financial systems of| dividual so that he may achieve for many foreign countries crashed one himself the best to which his char- by one. jacter, ability, and ambition entitle New blows from decreasing world) him. It is only by this release of in- consumption of goods and from fail-|itiative, this insistence upon individual ing financial systems rained upon us |Pesponsibilt that we accrue the We are part of a rid, the disturb-|sTeat sums of individual accomplish- ment which carry this nation for- This is not an individualism hich permits men to run riot in or to override equality of emp! affects our financial system, our employment, our markets, and price. of our farm products. Thus begin- ning 18 months ago, the world-wide | for others. It permits no storm rapidly grew to hurricane force | jolation of ordered liberty. In the and the greatest economic emerg- | Tce after the false gods of material- ency in all history. Unexpected, un-/#8m men and groups have forgotten foreseen, and vi » | their country. Equality of opportun- un violent shock with |) 0 ; every month brought new dangers, itY contains no conception of exploit- and new emergencies. Fear and ap-|@tion by any selfish, ruthless, class~ prehension gripped the heart of our, ™inded men or groups. They have no People in every village and city. {place in the American system. As If we look back over the disasters of these three years, we find that|%2d concepts of our nation. three-quarters of the population of Pos? to maintain them. the globe has suffered from the, _ Wants No Experimentation flames of revolution, Many nations) The solution of our many prob- have been subject to constant change|lems which arise from the shifting and vacillation of government. Oth-}scene of national life is not to be ers have resorted to dictatorship or|found in haphazard experimentation tyranny in desperate attempts to or by revolution. It must be through preserve some sort of social order ganic development of our national Offers Ilustration fe under these ideals. It must se- I may pause for one short illustra-|Cure that cooperative action which tion of the character of one single | builds initiative and strength outside destructive force arising from these|f government. It does not follow, causes Which we have been compelled | because of our difficulties are stu- to meet. That was its effect upon Pendous, because there are some souls our financial structure. Foreign} morous enough to doubt the valid- countries, in the face of their own|!ty and effectiveness of our ideals failures, not believing that we had, ®0d our system, that we must turn to the courage or ability to meet this # State-controlled or state-directed crisis, withdrew from the United Social or economic system in order to States over $2.400,000,000. including a; CUre our troubles. That is not liberal- billion in gold. Our own alarmed/!sm:; it is tyranny. It is the regi- mentation of men under autocratic seins Miiharew over $7, 800.000 000 | bureaucracy with all its extinction I pro- ity. Of course, no man of under- standing says that our system works perfectly. It does not. The human toward freedom rather than regimen- tation. This is our ideal. i i? igi | against these stand the guiding ideals | jf liberty, cf hope, and of opportun-} ployment in productive labor. We} rejected projects of wasteful non-; productive works allocated for the! | purpose of attracting votes instead | of affording relief. Thereby, instead | if steful drain upon the taxpa) | we secure the return of their cost io} government agenci2s and at the same} imo we increase the wealth of the na- j tion. Aided Land Banks { It was in accordance with these principles that we have strengthened the capital of the federal land banks |—that on the one hand confidence in | their securities should not be impair- ‘ed, and on the other that fi |debted to them should not be ur {deprived of their homes. The farm ‘board, by emergency loans to the farmers’ cooperatives, served to stem panics in agricultural prices and saved hundreds of thousands of farmers and their creditors from bankruptcy. We have created agencies to pr bankruptcy and failure of their co- operative organizations, and we are; erecting new instrumentalities to give eredit facilities for livestock growers} jand the orderly marketing of farm products. It was in accordance with these principles that in the fact of the 1oo1 ing European crises we sought to change the trend of European econ- jomic degeneraion by my proposal of the German moratorium and the} standstill agreements as to German private debts. We stemmed the tide of collapse in Germany and the con- sequent ruin of its people, with its repercussion on all other nations of the world. In furtherance of world stability we have made proposals to reduce the cost of world armaments | py a billion dollars a year. It was in accordance with these principles that I first secured the \ereation by private initiative of the national credit association, whose ef-} forts prevented the failure of hun- }dreds of banks and loss to countless thousands of depositors who had loaned all their savings to them. As the storm grew in intensity, we created the reconstruction finance corporation with a capital of two bil- lions to uphold the credit structure of the nation, and by thus raising the shield of government credit we prevented the wholesale failure of banks, of insurance companies, of building and loan associations, of farm-mortgage associations, of live- stock-loan associations, and of rail- roads in all of which the public in- terest is paramount. This disaster has been averted through the saving of more than 5,000 institutions and the knowledge that adequate assis- tance was available to tide others over the stress. This was done, not to save a few stockholders, but to save 25 millions of American famil- ithe public reco; y|tisan tariff commission, the estab- he is at the present time. We shall hold to that. We have enacted many measures of emergency relief to agri- culture. They are having effect. I shall keep them functioning until the strain is passed. The original pur- pose of the farm board was to strengthen the efforts of the farmer to establish his own farmer-owned, farmer-controlled marketing agen- cies. It has greatly succeeded in this purpose, even in these times of ad- versity. The departure of the farm board from its original purpose by making loans to farmers’ cooperatives to preserve prices from panic served the emergency, but such action in normal times is absolutely destruc- tive to the farmers’ interests. We still have vast problems to solve in agriculture. No power on earth can restore prices except by restoration of general recovery and markets. Every measure we have taken looking to general recovery is of benefit to the farmer. There is no relief to the farmer by extending government bureaucracy to control his production and thus curtail his liberties, nor by subsidies that bring paar for which we stand and their plication to th ve J Cue the measures we have _ There are national policies wider ‘han the emergency, wider than the economic horizon, They are set forth Having the respon- f views upon y and often set out in , . I may, however, summarize some of them. For Protective Tariff 1. I am squarely for a protective iff. inst the proposal of e tariff for revenue” as advocated by our opponents. That would place our farmers and our Workers in competition with peasant and sweated labor products. 2, I am against their proposals to destroy the usefulness of the bi-par- in cibi lishment of whose effective powers we secured during this administration 25 years after ‘it was first advocated by President Theodore Roosevelt. That instrumentality enables us to correct any injustice and to readjust the rates of duty to shifting economic change without constant tinkering public opinion made tangible and ef- fective. This world needs peace. It must have peace with justice. I shall con- tinue to strive unceasingly, with every power, mind and spirit, to explore every possible path that leads toward @ world in which right triumphs over force, in which reason rules over pas- sion, in which men and women may rear their children not to be devoured by war but to pursue in safety the nobler arts of peace. I shall continue to build on that design. Views on Prohibition Across the path of the nation's consideration of these vast problems of economic and social order, there has arisen a bitter controversy over the control of the liquor traffic. I have always sympathized with the high purpose of the 18th amend- ment and I have used every power at my command to make it effective over the entire country. I have hoped it was the final solution of the evils of the liquor traffic against which our people have striven for genera: tions. It has succeeded in gret measure in those many communities where the majority sentiment is fav- orable to it. But in other and in- creasing number of communities there is a majority sentiment unfav- orable to it. .Laws opposed by maj- ority sentiment create resentment which undermines enforcement and in the end produces degeneration and crime. Our opponents pledge the members of their party to destroy every vestige of constitutional and effective fed- eral control of the traffic. That means over large areas the return of the saloon system with its corrup- tion, its moral and social abuse which debauched the home, its deliberate interference with those states en- deavoring to find honest solution, its Permeation of political parties, and its pervasion of legislatures, which the limits of my strength to produce action that would really help them. Much remains to be done to attain recovery. The emergency measures now in action represent an unpar- aileled use of national power to re- lieve distress, to provide employment, to maintain the integrity of our it stitutions. Our policies prevent un- employment caused by floods of im- Ported goods and laborers. Our pol- icies preserve peace. They embrace cooperation with other nations in those fields in which we can serve. ‘With patience and perseverance these measures will succeed. Despite the dislocation of economic life, our great tools of production and distribution are more efficient than ever before; our fabulous natural re- sources, our farms, our homes, our skill are unimpaired. From the hard- won experience of this depression we shall build stronger methods of pre- vention and stronger methods of pro- tection to our people from the abuses which have become evident. We shall march to far greater accomplish- ment. Preserve American Spirit Through it all our first duty 1s to Preserve unfettered that dominant ; other stations— American spirit which has produced our enterprise and individual charac- ter. That is the bedrock of the past and that is the guaranty of the fu- ture. Not regimented mechanisms but free men is our goal. Herein is the fundamental issue. A represen- tative democracy, progressive and un- afraid to meet its problems, but mect- ing them upon the foundations of experience and not upon the wave of emotion or the insepsate demands of @ radicalism which grasps at every opportunity to exploit the sufferings of a people, With these courses we shall emerge from this great national strain with jour American system of life and gov- ernment strengthened. Our people end orgies of log-roiling in congress. If our opponetns will descend from vague generalizations to any particu- lar schedule, if it be higher than necessary to protect our people or in- sufficient for their protection, it can be remedied by this bi-partisan com- mission. 3. My views in opposition to can- cellation of war debts are a matter of detailed record in many public state- ments and a recent message to the congress. They mark a continuity of that policy maintained by my prede- cessors. I am hopeful of such dras- tic reduction of world armament as will save the taxpayers in debtor countries a large part of the cost of their payments to us. If for any par-; ticular annual payment we were of- fered some other tangible form of com- pensation. such as the expansion of markets for American agriculture and labor, and the restoration and main- tenance of our prosperity, then I am sure our citizens would consider such a proposal. But it is a certainty that. these debts must not be canceled or the burdens transferred to our people. 4. I insist upon an army and jnavy of a strength which guarantees that no foreign soldier will land on American soil. That strength is rela- tive to other nations. I favor every arms reduction which preserves thar relationship, 5. I favor rigidly restricted im- tion, in order to relieve us of added unemployment, already reduced the inward movement to less than the only more bureaucracy and ultimate collapse. I shall oppose them. The most practicable relief to the farmer today, aside from the general economic recovery, is a definite pro- gram of readjustment and coordina- tion of national, state, and local tax- ation which will relieve real prop- erty, especially the farms, from un- fair burdens of taxation which the current readjustment in values has brought about. To that purpose I propose to devote myself. 14, I have always favored the de- velopment of rivers and harbors and highways. These improvements have been greatly expedited. We shall continue that work to completion. After 20 years of dis:ussion between the United States and the great na- tion to the north, I have signed a treaty for the construction of the Great Lakes-St. Lawrence seaway. That treaty does not injure the Chi- cago to the gulf waterway, the work upon which, together with the whole Misissippi system, I have expedited, and in which I am equally interested. We shall undertake this great sea-|™ way, the greatest public improvement upon our continent, with its conse- quent employment of many men as quickly as the treaty is ratified. ' ‘Favors Sound Currency them by preventing the Democratic majority in the house from effecting wild scheme of uncontrolled infla- even touched at the capital of the|Will be free to reassert their energy nation. The 18th amendment smash-|94 enterprisc in a society eager to ed that regime as by a stroke of|"¢ward in full measure those whose lightning. I cannot consent to the|!"dustry serves its well-being. Our return of that system. youth will find the doors of equal Recognizes Abuses Opportunity still oj At the same time we must recog-| The problems of the next few years nize the difficulties which have de-|#re not only economic. They are also veloped in making the 18th amend-|™oral and spiritual. The present ment effective and that grave abuses|Check to our material success must have grown up. In order to secure|‘eeply stir our national conscience ting Renomination weakened those fundamental tradi- tions and principles upon which our nation was founded and upon which it has grown. I shall invite and wel- come the help of every man and wom- an in the preservation of the Uni- ted States for the happiness of its people. This is my pledge to the na- tion and to Almighty God. i ° | Weather Report Partly FORECASTS For Bismarck and vicinity: cloudy, showers™probable tonight and aA Saturday; little change in temper- ature. For North Da- kota: Partly cloudy, showers probable west and extreme south portions tonight and Saturday; little change in temperature. For South Da- kota: Local thun- dershowers to- Cloudy night or Satur- day; not much change in temperature. For Montana: Unsettled tonight and ener fs eee. extreme south- east portion ight. For Minnesota: Partly cloudy, showers probable in west and extreme south portions tonight and Saturday; little change in temperature. GENERAL CONDITIONS The barometric pressure is low over the Rocky Mountain region and southern Plains States while high pressure areas cover the upper Great Lakes region and the north Pacific coast states. The weather is some- what unsettled in all sections and precipitation occurred from the mid- dle Mississippi Valley northwestward to the north Pacific coast, with over an inch in some parts of Iowa and eastern South Dakota. Warm weath- er prevails over the central states, but lower temperatures are general over the War West. Missouri river stage at 7 a. m. 0.6 ft. 24 hour change, -0.1 ft. Bismarck station barometer, inches: 28.25. Reduced to sea level, 30.01. TEMPERATURE At? a eae Highest yesterday Lowest last night . PRECIPITATION Amt. 24 hrs. ending 7 a. m. Total this month to date . . Normal, this month to date .. Total, Jan. 1 to date Normal, Jan. 1 to date ... Accumulated deficiency sin NORTH DAKOTA POINTS High Low Ins. ‘Temprs. Pre. 7 58 00 01 00 10 BISMARCK, cldy. . Amenia, clear Beach, cldy. Bottineau, cl Carrington, cld, Crosby, cldy. . Devils Lake, cldy. Dickinson, eldy. Drake, peldy. Dunn Center, cldy. Ellendale, cidy. Fessenden, cldy. . Grand Forks, pcld; Hankinson, peldy. . Jamestown, peldy. .. Larimore, cldy. Lisbon. clear . Max, cldy. Minot, clear Napoleon, cldy, Oakes, peldy. . Parshall, peldy. Pembina, peldy. 00 00 23 00 00 09 00 00 06 00 00 56 40 00 00 x Wishek, cldy. ae Moorhead, Minn.,. peldy. 82 GENERAL High Low Ins. Temprs. Pre. 48 00 Boise, Idaho, clear. Calgary, Alta., pcldy. Chicago, Tll., cldy. . Denver, Colo., clear Des Moines, Ia., rain... 80 Dodge City, Kans., clear 94 Edmonton, Alta., clear.. 68 Havre, Mont., cldy. 2B Helena, Mont., cld; Huron, 8. D., cldy.. Kansas City, Mo. Miles ‘City, Mont., cld; No. Platte, Neb., cldy.. Okla. City, O., peldy. Rapid city, sD. , S. D., cl St. Louis, Mo., peldy.. St. Paul, Minn., cldy. Salt Lake City, U., clear Seattle, Wash., cldy.. 62 Sheridan, Wyo., pcldy... 90 Sioux City, Ie., cldy.... 84 Spokane, Wash., cldy... 70 Swift Current, 8., peldy. 76 The Pas, Mi 18 Winnipeg, Man., clear. 64 74 NOTICE OF NEAL ESTATE MORT- GAGE FORECLOSURE SALE the enforcement of the amendment|UPon the purposes of life itself. It under our dual form of government, |™ust cause us to revalue and reshape the constitutional provision called} 0Ur drift from materialism to a high- by the state and local authorities and | ideals. on the other by the federal govern-| Underlying every purpose is the meni. Its enforcement requires in-| Spiritual application of moral ideals dependent but coincident action of}Which are the fundamental basis of both agencies. happiness in a people. This is a land An increasing number of states/5f homes, churches _schoolhouses and municipalities are proving them-| dedicated to the sober and enduring selves there is in large sections an| satisfactions of farnily life and the Pect not only for this ae, but for all ped Society together, and only f grave dangers of practical m can governments survi tion of the constitution, a|business prosper. thie “oon degeneration tm municipal govern-| insurance to the safety of our chil- ment and an increase in subsidized |drcn and the continuity of the nation. cig Alara gferrias Po rye con: rea ae Greater Honor’ se! continuat of re: 5 appear that, while had the honor of the meinen migration. I have by executive direc-; tory and policies. We have affirmed | +, HY E M i | § i H g i é gE i SF “F z F H | for concurrent action on one hand|¢r note of individual and national | | VICTO! Auictaae, tor Asi certain mortgage hereinafter describ. ed, and the holder of such mortgage has given due and legal notice of his intention to foreclose such mortgage, Now, Therefore; Notice is hereby given that that certain mortgage, made, executed and delivered by Julius Zweigle and Lil- Man Zweigle, husband and wife, a: Mortgagors, to James Mulligan, $120 Stevens Avenue, Minneapolis, Minne- sota, as Mortgagee, and dated the 13th’ day of June, 1829, and filed for record in the office of the Register of Deeds of the County of Burleigh and State of North Dakota, at the hour of 1:30 o'clock in the afternoon on the 19th day of June, 1929, and therein recorded in Book 192 of Mort- wage on Page 275; which mortgage was subsequently assigned in writ ing on the 3rd day of June, 1932 to John E. Mulligan, the undersigned, which said assignment was duly filed for record in the office of the Regis- ter of Deeds of said Burleigh County, North Dakota, at 9:00 o'clock A, M. the 8th da; d y f the’ premises in such mortgage and hereinafter descrived at the front door of the Court Hous in the City of Bismarck, in Burleigh County, North Dakota, at the hour of Two o'clock in the afternoon on the doth day of August, 1932, ‘to satisty lue upon su on the day of sale, Cee ere The premises described in such mortgage and which will be sold to satisfy the same are situated in the County of Burleigh and State of North Dakot: rected and are described as follows, All of Lots and the Ea: wi ‘ownship One Hundred forty- (144), Range Seventy- 5 West of the bth’, Mn eve a ‘There will be due on such mortgage date of sale, the sum of One thousand six hy 87/100 Dollars ($1,686. costs, disbursements allowed Ri tt Neb, Nw ce this fist day ob uly, sy ideale Assignee, of “i iia ni of nald Montage, ee of chy Bae Ror Bait Sk eae