Evening Star Newspaper, September 26, 1928, Page 5

FARM PROSPERITY URGED BY RASKOB Democrat Declares Domestic ‘Market More Imporiant Than Foreign Trade. By the Associated Press NEW YORK, September 26.—Ameri- can prosperity lies in the economic rehabilitation of the agricultural popu- lation of the country which will in turn become a domestic market for the pro- ducts of the industrial section, John J. Raskob, chairman of the Democratic national committee declared last night in his first official radio speech of the campaign. ‘The Democratic chairman said his view of the situation was diametrically opposed to that of Herbert Hoover, Republican presidential nominee, who, he said. has offered expansion of for- eign trade as the surest guarantee of continued prosperity in this country. Praises Federal Reserve. Mr. Raskcb said the United States Ra—. passed through an economic revo- s‘im during and since the World War @nd declared that the present era of spefity is in large measure due to policies of national government insti- tuted and put into effect during the sdministration of the late President Wi 1r.e creation of the Federal Reserve sy=tem, Mr. Raskob said, was, to his mind. the greatest single forward step toward the business situation which the Nation enjoys today. Present dav E“"fir\flr!lv is the result of the Federal ecerve system and higher w: has created a vast buyving power in the industrial population. he said. Bv extending this enlarged buying ower to the farmers, Mr. Raskob sald, he domestic market can be enlarged by 50.000.000 persons on farms and in farming communities, about 40 per cent of the population of the country. “During and since the war America has passed through an economic revo- lution,” Mr. Raskob said. “Before th~ war we were a.ebtor nation. ‘We very larzely consumed our own production Ovur volume of business was relativel. gmall in proportion to population. Woaees and individual incomes were comparatively low. Our financial struc- ture was weak and subject to periodic and panicky fluctuations. * * * Credits Wilson Policies. “Then came the Democratic admin- istration of Woodrow Wilson and the ‘World War. “It has been for 10 years a standing | source of amazement to me that the marvels of that administration in the s-i»nce of economic statecraft and busi- administration have hardly been rred to. The preliminary step was the crea- ticn of th: Federal Reserve system.” After outlining the administration of military affairs by President Wilson in the World War the speaker declared that the mobilization of industry was a greater feat in business statecraft than the military victory. “Now it was deliberate Democratic policy. announced at the beginning of the wer, that labor was to receive such tment as would make social up- val at home impossible,” he said. “Almost immediately there followed a spurt of domestic business—a home consumptilonof manufactured goods | to organize our own prosperity at home. on |t | < whith | no economist or business man had ever deemed possible in America. We had simply created and tapped a new reservoir of buying power fh our domestic market. Public Tentered Security Markets. “Another far-reaching change was in the attitude of the public toward the security markets, The Liberty loans brought the public in these markets. The Federal Reserve provided the necessary credits. Natural and inevi- table developments of this idea has turned the ownership of our great in- dustries over to the pubiic. “Now, what of the fature? We know these candidates, we know what each party proposes. Especially on economic Questions Mr. Hoover’s plans are pretty clear, referring to his record as Secre- tery of Commerce, he said, in part: ““One of our first decisions was vig- | orously to build up our forelgn trade. |+ %% We set out upon a definitely | organized campaign to build the export of the products of American labor. « « ¢ We organized the Department of Commerce for the promotion of | American trade 2broad on a greater scale than had,ever been achieved or ever been attempted by any govern- mnt anywhere in the world.'” “I think we should look for the next forward surge of domestic prosperity right here at home,” Mr. Rascob said, “put that it will never come on Mr. Hoover's policy toward agriculture and | export trade. To my mind it is time I refer to agriculture. Holds Parties One on Tariff. “The elements of the problem of in- creasing rural buying powers are rela- | tively simple. For the immediate pres- | ent. we must give the farmer the benefit | of farm taruis by lifting out of the | domesiic market the surplus of his | principal crops over domestic consump- ion. “As to the provisions of the McNary- | Haugen bill and the equalization fee, | we think they warrant further study in | view of our opiion that there may be more direct means of accomplishing | | the same purposes.” Mr. Reskob ceclared that on the ques- | tion of the tariff there is absolutely no! difference between the parties. | | In conciuston he said that the United | | States as a political government must |'be run by a man skilled in the science | of politics in the larger sense, not by a | business dictator. Mr. Raskob described | | Gov. Smith as a man skilled in political | adminisiration and declared that his| | Repubtican opponent was a dictator | who would be his own cabinet and “turn | Washington into an engineering labora- | | tory.” | tory Lumber Sales Hold. WELLINGTON (#)—New Zealand imported less lumber during the first half of 1928, but imports from America showed a gain of 11 per cent. Soft- | woods for building purposes and con- | tainer manufacture largely were in de- | mand. | were canceled because of the delay | DO YOU NEED9 AN EXTRA ROOM Then why not clese in the back porch? We have everything necassary for the Window Frames Windows—Hardware Paint and Sheetrock Small orders given careful attention No Delivery Charge J. Frank Kelley, Inc. 2101 Georgia Avenue N.W. LUMBER_MILLWORK_DU 'ONT PAINT—HARDWARE COAL—BUILDING SUPPLIES ey West 14th & G Streets N. W. THE EVENING STAR, WASHINGTON, D ROBINSDN TARS ONH TOURAGAN Senator Ends Short Vaca- tion—Has Many Invitations to Speak. i By the Associated Press. HOT SPRINS, Ark. September 26.— The fishing rod and reel were placed back on the shelf today by Senator Robinson, who found that vacation time had passed all too quickly and that the hour was near at hand for him to re- turn to the stump in his quest for the vice presidency. Loath to leave until the very last minute the quiet retreat on the skores of Lake Catherine, 12 miles from here, where he had been resting since Sun- day, the nominee arranged to arrive at his home in Little Rock, only a short time before his scheduled departure at 11:15 p.m. for Springfield, Mo. In that city tomorrow night he will deliver the first speech on a tour which calls tor his carrying the Democratic banner through the Southwest to the Pacific Coast and thence castward into the farm section of the Central West. His last scheduled speech on the trip will be delivered at Fargo, N. Dak., Oc- tober 23. So far he had not been advised by the Democratic national committee where he will be sent to wind up the campaign, although it is regarded as probable that he will be asked to con- iinue from the Dakotas into the Mid- west farm belt, through southern Illi- nois into Ohio and possibly West Vir- ginia. It also has been suggested that he return to Bowling Green, Ky., and At- lenfa, Ga., to deliver addresses which | resulting from his trip to West Palm Beach with the first relief train sent from Miami into the storm-stricken area. Mortgage Councilors. CHICAGO (#).—Specialists on real estate finance are being appointed in 635 cities by the National Association of Real Estate Boards to act as councilors for local boards. They also will fi regular reports cn mortgage and build- ing conditions in their districts. WINTER IS NOT FAR AWAY ENJOY THE OUTDOORS WHILE YOU MAY COME AND RIDE WITH US TODAY AND HALF HOUR FROM BOATHOUSE, TIDAL BASIN, FOOT OF SEVEN- TEENTH ST. Adults, 25¢; Children, 10c | | swaN Boat | LEAVES ON THE HOUR | THE TAILORED FIFTIES Tallored by MESSRS. STEIN-BLOCH Fifty dollars is a low price, because you get richet, rarer woolens and more talented tailorwork than $50 ordinarily commands in the “open market.” And because nobody will guess that your suit cost only $50. Complete Fall stock now ready. *50 CY. CUMMINGS TO TALK AT DEMOCRATIC RALLY Grier to Report on Drive for New Members at Meeting This Evening. : Cy Cummings, former member of the Maryland State Legislature, will be the principal speaker at a rally of the Al Smith Democratic Club, 419 Southern Building, at 8 o'clock tonight. L. E. Grier, chairman the member- ship committee, will talk on “How to| Get, New Members.” He will report success in the drive for new members. Charles W. Darr, president of the or- ganization, also will speak. C., WEDNESDAY, SEPTEMBER 26, 1978. GORE OF OKLAHOMA DENOUNCES HOOVER Former Senator Holds Republican Nominee Responsible for “Plight of American Farmer.” By the Associated Press. TULSA, Okla., September 26— Former Senator Thomas P. Gore of Oklahoma, campaigning for Gov. Al- fred E. Smith here last night, scored Herbert Hoover as “the one man more responsible than any other for the plight f the American farmer today.” liver & scheduled address, bitterly salled asserted ‘‘Republican prosper! of the last:seven and one-half yea: particularly as it affected the farmer. Following a discussion of the “reli- gious controversy,” prohibition and im- migration, the former Senator appealed to all bolting Democrats to “seriously consider your actions before renounc- ing the principles of Jefferson and Madison, before renouncing the Decla- ration of Independence and before re- nouncing religious liberty. “I hope you will reconsider, and that between now and November 6, all reg- alar and_ irregular Democrats ~ will awake and march to victory, support- ing the Democratic ticket from cow- catcher to caboose,” he said. During 18 months' service on the Rhine six mombers of the 2d Battalion, | Royal Wels P A Sugrue, secretary, announced | The speaker; today that all persons desiring infor- | mation relating to absentee registration | | and voting can get it from notaries on I duty at the club headquarters. | MRS. STOUT BACKS SMITH. Feminine Golfer to Head Commit- tee of Sportswomen. NEW YORK. September 26 (#).— Mts. Genevieve Hecker Stout, th> only | woman who ever won both the Na- | tional and Metropiltan golf cham- plonships in one yvear, has accented the chairmanship of a committee to interest sportswomen in Gov. Smith's camnaign for the presidency, Democratic national headquarters announced yesterdey. —~e ] IEEEHE SCYEINERTEERE SRIRREERRTRE S — Sash Roofing Wall Board Quality Nafirnally Known New Building Materials—Always at Lower Prices! FOUNDATION T0 ROOF. Co ROCKBOTTOM FRICES 3—Branches—3 IR RRERR T REEAUEUERE All these things you have a right to look for from your heater, provided that the heater is clean and that you choose good coal. You should have soot deposits removed from heater and flues before starting your fire. Soot acts as an insulator and cuts down the efficiency of any heater. Then, have your bins filled with Old Company’s Lehigh Anthracite. This is the co' that wise householders have been specifying for over a hundred years. Tt gives the steady, even heat that you desire most of the time— and it has ample reserve to give you all the extra heat you need in emergencies. That is just a matter of draft regulation. 1421 Chestnut Street 143 Liberty Street Philadelphia, Pa. New York, N. Y. filling in for Senator James A. Reed, who was unable to de- Tune in on Reinald Werrenrath Recital SUNDAY 7 P.M. (50,55 Fusiliers, have met with | violeat death i I ! Fixing Uptfor Fall? In making the home snug for Fall and Winter don’t forget floors, ete., can be made beautiful easily, quickly and cheaply if you Use ‘Murco’ Paint Products There's a paint or varnish in the “Murco” line for every use, and all are easy to apply, and quick to dry. experts any paint questions. E. J. Murphy Co., Inc. 710 12th St. N.W. that old furniture, Come in and ask our Main 2477 THE BEST SINCE 1820 WhatDOYi/; E;erct of Your Heater This Winter NATURALLY, you expect heat—heat that is steady in ordi- nary weather, and adequate through the cold snaps. You expect heat without giving an excessive amount of care to your heater, and with reasonable coal bills. With this coal you won’t wear out the cellar stairs in coaxing a stubborn fire, nor will you have more than a minimum amount of ashes to handle. Old Company’s Lehigh is an unusually pure anthracite. And it is prepared for your use with extraordinary care. Your local Old Company’sdealer, handling good coal, is a good dealer —dependable, and competent to advise you. If you are not sure that you know the best size of coal for your heater, let him tell you. If you would like to learn how firing methods have lately been improved, ask him. Youwill find that he is interested, not merely in selling you coal, but in giving you heating service. Stations OLD COMPANY'S LEHIGH ANT €5 C. HRACITE For names of nearby dealers, write or phone our nearest offices The LEHIGH COAL AND NAVIGATION COMPANY 100 Milk Street Boston, Mass. 912 Prudential Bidg. Third Nat'l Bank Bidg. Buffalo, N. Y. Springfield, Mass. 3 Days More' of Our 40th ANNIVERSARY SALE Thursday—Friday—Saturday HREE more days of this money-saving oppor- tunity—and our 40th Anniversary passes on into history. THREE LUCKY DAYS FOR EARLY BUYERS—at “Birthday Party” reduced prices. Many Are Buying Christmas Gifts at GREAT SAVINGS Never Mind the Money. lect your Christmas diamonds, watches, jew- elry and silverware at the reduced prices PAY A SMALL SUM DOWN AND CON- BB YOUR PAYMENTS AFTER CHRISTMAS—DURING 1929. 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