HOOVER, THE SMUG!
HOOVER, THE SMUG! Misery Of Poor Ignored Grog - Guzzling Chief " Topic of Discussion as -Convention Evades . Real Issues of Cam* LIKE other business ventures the national Republican convention...
...This is an Mnstrial depression, to be sure, Ntt Qte man in the White House ¦¦•''prevented a financial panic...
...It Is so machine-made that It could complete Its work in two days but it must continue long enough to repay Chicago business men who contributed to bring it there...
...Capitalism Crumbling So this stock exchange of capitalist politics goes through its routine while capitalism crumbles in the provinces...
...The employers, with typical propagandist cunning, are seeking to give the impression that lower wages will help the property owners...
...You are probably mistaken, if you do think sol In recent years, high-pressure salesmanship and advertising, with the fervent blessings of the President of the United States, have duped millions of workingmen into stinting themselves and their families in order to buy tiieir own homes...
...100 season tickets had declined to $40...
...The building workers who are resisting the drastic wage cut arc hot only fighting their own battle, but are also fighting to maintain values and to save what can still be saved of the investments of millions of workmen...
...Ladle in hand, Hoover '•d the great men with liberal Portions of the federal funds...
...Elsewhere, the struggle continues...
...A Connecticut delegate snored...
...Well, most of the millions of ^workingmen who bought their own homes have been cheated by a vicious gambling system of capitalism,—cheated with the blessings of the President of the United States and the press of the nation...
...equity in the homes that absorbed their life's savings...
...Booze or prohibition...
...R was also Flag Day and Chairman Fess drooled an eulogy of the starry banner...
...Others refuse to agree to this cut...
...Only several months ago, President Hoover delivered hiin-slf of a glowing epic in praise of home-owning...
...J (Kef Story en Paft n...
...Some of the tillers of the soil will ask whether that primary consideration is what it has been for twelve years—the collection of votes from the yeomen of the wheat, corn and cotton belts...
...Values have gone down to such an extent that workmen who own homes are unable to get mortgages to renew expiring loans...
...That is, do you THINK you own your own home...
...The feat men suffered from no panic The depression was for the IPrktng class...
...Senator Dickinson droned his ¦patch and tried to present Hoover in a heroic role...
...Stricken With Farajyato I If the capitalist system Is stricken with paralysis its professional keepers are afflicted with mental distress...
...Some delegates retired to a speakeasy tip drown their sorrow...
...In New York the unions have won their point...
...He had ¦Rl'ederal money vats brought up stairs out of the basement Then he summonded the bankers ¦Kfreat capitalists who stood » line...
...Four thousand tickets were being offered at cut prices and when the convention opened a third remained unsold...
...Wheat at 23 Cents Twelve years ago Harding was swept into Washington on a tidal wave of Republican votes...
...The gloom was so thick that it could be cut with a butcher...
...Not ten per cent of those who bought homes during the past ten years still own them...
...That P. the President, after having fed Jte bankers and capitalists faced P» starving masses who were de-pnding relief...
...What of the problems of the masses and of war...
...The convention is a "flop...
...In recent months the Red Cross has been passing doles to the farmers out of their alms bags...
...Never has the Socialist Party had such an opportunity as In this year of the doddering two-party political system of cheat and chicane, of pelf and plunder...
...V keynoter, is from Iowa, a HOOVER THE HERO OF REACTION Smug Party ('hums Panic Was Averted Delegates Avoid Real Issues to Stage Cirrus on Liquor Question <C—tmmi tnm ragt Omt) region of ragged farmers...
...Grog or t>ot grog...
...Should wages decline so drastically, there will be very few workmen, indeed, who will still retain ana...
...The fall in cost of labor and materials has wiped out their equity...
...A high mogul of the Republican nobility, walking out while Dickinson was speaking, moaned: "He is breaking my heart...
...Three days before the convention opened cut-rate prices were quoted for ¦eats...
...Their equity is being wiped out...
...A home-owner who has a mortgage on his home may find that his property is no longer worth the price of the mortgage...
...In a way Hoover did...
...The years passed and the working farmers sank lower and lower...
...The "keynote" speech of Senator Dickinson was dull and die delegates were listless...
...Depression Ignored The convention opened with an organ that thundered the strains of "Between the Devil and the beep Blue Sea" It was a salute to the propheteer who was to ascend the platform a few minutes later...
...He answers: "Grave as these problems are, little is said about the depression and its effects as delegates discuss the party's program...
...Restoration of the agricultural industry baa been and still is a primary consideration of the Republican Party," said Dickinson...
...It is a problem hi magic that cannot be solved by the broken farmers...
...What is the all-absorbing topic...
...After the actors return home the Democrats will move in to stage a similar performance and for capitalism It is five minutes to twelve...
...Out in Kansas farmers are now selling wheat for 23 cents and this sum must be used to pay off mortgages and debts contracted when wheat sold for a dollar or more...
...Striking Home...
...It was like a gathering of friends at an auction sale of a bankrupt friend...
...Then this contrast by a correspondent looking over the mummies of a dying social order...
...At the same time, said the key-•pter, Hoover resisted "rising glamors for a Federal dole...
...Shall we guzzle at the open bar or at the speakeasy...
...The farmers listening in to the keynoter must have danced a Jig upon learning that they are still a "primary consideration of the Republican party...
...YOUR Home...
...Now comes the final blow I Employers in the building trades are demanding a cut in wages of from 25 to 30 per cent...
...Lower wages may help the man who GAMBLES with property...
...It will ruin the workman who has invested his.all in a modest home...
...Some of the unions, feeling helpless, have agreed...
...The wage cut, coupled with the falling prices of building materials, will make it possible to build new homes for a fraction of the cost of the old homes...
...Cotton reached as low as 6 cents sad wheat 25 cents...
...Do you own your own home...
...The whole address recalls a passage from the Scriptures: •"Eph-raim feedeth on wind...
...The ¦lump was like the crash in the stock market in October, 1929...
...cleaver...
...He ordered the ¦guy vats returned to the base-H^t Mid told the masses to get ¦f as best they could...
...Out in the provinces were the starving in the breadlines, the many millions burled out of industry into the streets...
...debts and of a stricken agriculture...
...Republican securities are a drug on the market today...
...Misery Of Poor Ignored Grog - Guzzling Chief " Topic of Discussion as -Convention Evades . Real Issues of Cam* LIKE other business ventures the national Republican convention was disturbed by a declining price level and smaller sales for its commodities...
Vol. 13 • June 1932 • No. 35
