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			<p>
				<lg>
					<l>RELEASE TO SUNDAY PAPERS, FEBRUARY 13th</l>
					<l>RADIO SPEECH OF SENATOR WARREN R. AUSTIN (R), OF VERMONT,</l>
					<l>Delivered Before Republicans of Central New York State at</l>
					<l>Lincoln Day Dinner, Utica, New York, February 12, 1938,</l>
					<l>and Broadcast Over Columbia Broadcasting System, (Station</l>
					<l>WIBX), from 9:15 to 9:45 P.M.</l>
					<l>&quot;WHAT REPUBLICANS CAN DO ABOUT IT</l>
					<l>This celebration of the birth of Abraham Lincoln in the 33rd Congressional</l>
					<l>District of New York appropriately stresses the responsibilities of the Republican</l>
					<l>Party, the origin and character of which embodied the conscience of a nation under</l>
					<l>his leadership.</l>
					<l>Here, in the District so well represented in Congress now by Dr. Fred J.</l>
					<l>Douglas, lived some of Lincoln&apos;s great contemporaries: Francis Kernan, Congress¬</l>
					<l>man from 1863 to 1865, a Democrat, whose course was so marked by a spirit of jus¬</l>
					<l>tice and moderation that he was often consulted by President Lincoln regarding the</l>
					<l>conduct of the war; Horatio Seymour, Civil War Governor of New York, who on one</l>
					<l>occasion said: &quot;Opposed to the election of Mr. Lincoln, we have loyally sustained</l>
					<l>him. Differing from the administration as to the course and the conduct of the</l>
					<l>war, we have cheerfully responded to every demand made upon us. Today we are put¬</l>
					<l>ting forth our utmost efforts to reinforce our armies in the field ***.&quot; And</l>
					<l>who, on another occasion, said: &quot;I would count my life as nothing, if I could but</l>
					<l>save the nation&apos;s life** *.&quot; And Roscoe Conkling, Civil War and Reconstruction</l>
					<l>period statesman, brilliant Republican leader and exponent of State&apos;s rights. Here</l>
					<l>also, were the homes of those two immortal supporters of constitutional liberty</l>
					<l>and limitations: Elihu Root and Vice-President James S. Sherman.</l>
					<l>Is it fancy, that these mighty shades, aroused by the turbulence of our times,</l>
					<l>waken from their sleep and impress upon us the validity of the cause we espouse?</l>
					<l>Republican Party the Implement.</l>
					<l>The Republican Party is the one great political organization which can rally</l>
					<l>to its standard and implement the forces needed to save the American form of</l>
					<l>government.</l>
					<l>The Democratic Party is powerless to do so because it is dominated by those</l>
					<l>members who have sought, and still seek, legislation that would break the barriers</l>
					<l>between State and Federal power, between the Executive and Judicial Departments,</l>
					<l>and between the Executive and Legislative Departments; and, more significant still,</l>
					<l>that would defeat the control by the people under their Constitution. These check.</l>
					<l>on government are indispensable safeguards of the inhabitants from injustice and</l>
					<l>oppression.</l>
					<l>There are many Democrats, who, like Kernan and Seymour, are devoted to the</l>
					<l>guarantees of civil and religious rights, but the New Deal is not under their wise</l>
					<l>guidance.</l>
				</lg>
			</p>
			<pb n='2'/>
			<p>
				<lg>
					<l>2 -</l>
					<l>The cause is government by the people, through</l>
					<l>their own basic laws and institutions.</l>
					<l>The same cause was prosecuted to sublime victory by the Republican Party in</l>
					<l>the past. It can, and shall be, triumphantly promoted now. Lincoln expressed it</l>
					<l>in these straight-forward terms:</l>
					<l>&quot;You can have no oath registered in Heaven to destroy the</l>
					<l>Government, while I shall have the most solemn one, to pre¬</l>
					<l>serve, protect and defend it.&quot;</l>
					<l>The issue is created by the legislation and</l>
					<l>practices of the New Deal.</l>
					<l>All who hear me know of the abridgment of home rule, and aggrandizement of</l>
					<l>Federal power, of the invasion of privacy, of the cancellation of contracts, and</l>
					<l>repudiation of other obligations, of the penalizing of enterprise, the intimidation</l>
					<l>of busines, the curtailing of rights, of the regimentation of production, and de¬</l>
					<l>struction of wealth, of the attempt to straight-jacket labor, and increase the cost</l>
					<l>of living, of the relentless aggression of government upon private efforts by direct</l>
					<l>competition, and by regulation that amounts to management. All know of the injury</l>
					<l>to the priceless right of the people to a Congress independent of the Executive,</l>
					<l>and all know of the attempt made, and frustrated, to seize control of the Courts,</l>
					<l>and deprive the citizen and minorities of a sanctuary to which they may flee when</l>
					<l>oppressed by an aggressive State. These, and other evil transactions, occurred</l>
					<l>under the guise of emergency.</l>
					<l>BUT DO ALL KNOW THAT THERE ARE PENDING NOW PROPOSALS TO AMEND THE CONSTITUTION</l>
					<l>TO MAKE THESE SEACKLES ON OUR LIBERTIES PERMANENT?</l>
					<l>The President furnished the name for them when he said:</l>
					<l>&quot;They realize that in 34 months we have built up new</l>
					<l>instruments of public power. In the hands of a people&apos;s</l>
					<l>government this power is wholesome and proper. But in</l>
					<l>the hands of political puppets of an economic autocracy</l>
					<l>such power would provide shackles for the liberties of</l>
					<l>the people.&quot;</l>
					<l>In simple words, nothing save the beneficence of the Mighty at Washington stands</l>
					<l>between us and bondage!</l>
					<l>But hear these proposed amendments of the fixed law to live by, and redouble</l>
					<l>your efforts to defend your rights:</l>
					<l>By Mr. Gray, Democrat, of Pennsylvania -</l>
					<l>&quot;The Congress of the United States shall have the</l>
					<l>power and authority to regulate by law maximum hours,</l>
					<l>minimum wages, and working conditions in industry,</l>
				</lg>
			</p>
			<pb n='3'/>
			<p>
				<lg>
					<l>- 3 -</l>
					<l>mining, manufacturing in the United States and the</l>
					<l>several States.&quot;</l>
					<l>By Mr. Amlie, Farmer-Laborite, of Wisconsin, a long amendment including:</l>
					<l>&quot;The Congress shall have power to enact laws providing</l>
					<l>for the ownership, operation and management, through</l>
					<l>instrumentalities of the Government of the United</l>
					<l>States, of business, manufacturing, commerce, industry,</l>
					<l>and banking, and shall have the power to purchase and</l>
					<l>condemn by eminent domain such enterprises.</l>
					<l>Then follow other sections that would give Congress power to create a government</l>
					<l>monopoly of labor, to make capital levies without apportionment among the several</l>
					<l>States, and without regard to any cnesus or enumeration, and to do away with all</l>
					<l>limitations on legislative power to seize, condemn, and take over, all private</l>
					<l>property and business mentioned.</l>
					<l>Incredible?</l>
					<l>Now, even without such a grant of power, the Administration sponsors a bill</l>
					<l>in this Session of Congress to take over the ownership of land and water for flood</l>
					<l>control and power purposes located in the New England States without the consent of</l>
					<l>the States, and despite their vigorous protest and resistance! These States have</l>
					<l>a compact, which has been approved by their several legislatures. But the ratifi¬</l>
					<l>cation of this compact by Congress is blocked by the Administration because it</l>
					<l>reserves to the States control of their own resources. This is only the beginning.</l>
					<l>Mr. Kvale, Farmer-Laborite, of Minnesote, introduced a proposal to amend the Con-</l>
					<l>stitution to enable Congress during the existence of an emergency (not defined),</l>
					<l>to regulate the production and marketing of any and all commodities, and to pre¬</l>
					<l>scribe minimum wages and maximum hours for labor. It would suspend the operation</l>
					<l>of State laws to the extent necessary to give effect to the Federal Act.</l>
					<l>Mr. Pierce, Democrat, of Oregon, would just reverse the relation of the States to</l>
					<l>the Republic by an amendment surrendering all authority to Congress and having it</l>
					<l>delegate only such authority to the States as it should choose.</l>
					<l>Heretofore, the people have made the States and themselves the great reservoir</l>
					<l>of power and delegated to Congress only limited power. By this means they have</l>
					<l>prevented the establishment of empire.</l>
					<l>Here is the wording of the proposal:</l>
					<l>&quot;Congress shall have the power to promote the economic</l>
					<l>welfare of the United States by such laws as in its</l>
					<l>judgment are appropriate, and to delegate such power</l>
					<l>in whole or in part to the States.&quot;</l>
				</lg>
			</p>
			<pb n='4'/>
			<p>
				<lg>
					<l>- 4 -</l>
					<l>Mr. Gray, Democrat, of Indiana, proposes to simplify the concentration of control</l>
					<l>of our lives in Washington by an amendment containing just twelve words:</l>
					<l>&quot;The Congress shall have power to regulate and control</l>
					<l>agriculture and industry.</l>
					<l>This proposal has the same quality of finality as does hanging to stop a pain in</l>
					<l>the neck!</l>
					<l>Mr. Bankhead, Democratic Senator from Alabama, makes a proposal to amend the Con¬</l>
					<l>stitution to enable Congress to be the sole judge of what agricultural and indus¬</l>
					<l>trial commodities affect interstate or foreign commerce, and to regulate the pro¬</l>
					<l>duction, manufacture, transportation, and distribution thereof and the hours and</l>
					<l>wages involved therein. This is ingenuous, is it not? As we recall the Bankhead</l>
					<l>Cotton Control Act, now void, we cannot doubt that Congress would accommodate its</l>
					<l>findings to New Deal experiments affecting any of the major necessities of man and</l>
					<l>beast.</l>
					<l>Four other amendments have been offered having objectives similar to the fore-</l>
					<l>going. In general, they all contemplate the abandonment by the people of their</l>
					<l>freedom, and making permanent these shackles which were applied in the paroxysms of</l>
					<l>their distress.</l>
					<l>The obvious outstanding duty of the Republican Party is to lead the hosts of</l>
					<l>Americans who realize the trend toward authoritarian government, in an energetic</l>
					<l>campaign against the legislation pending, and against its authors in coming elect¬</l>
					<l>ions, and for the adaptation of government to our social and economic needs.</l>
					<l>While we were in the happy days of pump priming, rolling up the public debt</l>
					<l>and loading down private enterprise with taxes, the President was reported as</l>
					<l>saying at Charleston, South Carolina:</l>
					<l>&quot;Yes, we are on the way back - not by mere chance -</l>
					<l>not by a turn of the cycle. We are coming back more</l>
					<l>soundly than ever before because we planned it that</l>
					<l>way and don&apos;t let anybody tell you differently.&quot;</l>
					<l>(I suppose the applause was commensurate with the modesty of that admission.)</l>
					<l>Since then, we have lost the way.</l>
					<l>The futility of the New Deal economic program is as ridiculous as an attempt</l>
					<l>to baptize a tall negro in a little pool. When his head was immersed, his feet</l>
					<l>came out; when his feet were immersed, his head came out. The parson couldn&apos;t save</l>
					<l>him!</l>
					<l>The New Deal program promoted scarcity by reducing production. This increased</l>
					<l>prices and consumers were unable to buy so many units of production. The pay of</l>
				</lg>
			</p>
			<pb n='5'/>
			<p>
				<lg>
					<l>- 5 -</l>
					<l>workers was increased but the money in the pay envelope was reduced in purchasing</l>
					<l>power, and the wage rise was outrun by the price rise. Advancing prices at the</l>
					<l>expense of consumers checked buying and reduced demand. The scarcity program and</l>
					<l>reduced demand finds adjustment now in increased unemployment.</l>
					<l>The pump-priming schemes required vast amounts of capital. To serve this</l>
					<l>necessity taxes were increased and penalties were imposed on investors. This com¬</l>
					<l>pelled them to withdraw from the Nation&apos;s business its prudent surpluses. With-</l>
					<l>drawal of surpluses, and payment, in other cases, of heavy penalties, crippled</l>
					<l>factories and mills by reducing working capital and reserves. Securities based on</l>
					<l>such business fell more precipitately than in 1929. If this sequence continues the</l>
					<l>revenues of the Government will shrink, and further folly be resorted to in an</l>
					<l>attempt to save our civilization.</l>
					<l>A &quot;recession,&quot; as they euphemistically call it, caught up with us, and we</l>
					<l>naturally ask:</l>
					<l>&quot;Are we &quot;on the way back?</l>
					<l>&quot;don&apos;t let anybody tell you differently&quot; than that &quot;we planned it that way!&quot;</l>
					<l>A traveler in Vermont asked a man at the roadside:</l>
					<l>&quot;Do you know the way to Rutland?</l>
					<l>&quot;No,sir, he replied.</l>
					<l>&quot;Do you know the way to Burlington?</l>
					<l>&quot;No, sir.</l>
					<l>&quot;Well, you don&apos;t know very much, do you?</l>
					<l>And the Vermonter replied:</l>
					<l>&quot;No, sir, but I ain&apos;t lost.&quot;</l>
					<l>An all time high degree of industrial turbulence and strikes has sprung up</l>
					<l>in the uncertainty created by Government&apos;s attitude toward employers and employees,</l>
					<l>and has been fostered by the Administration&apos;s fomentation of class hatred. In the</l>
					<l>first ten months of 1937 there were more than 4000 strikes, causing a loss in</l>
					<l>excess of 26,000,000 man-days of work.</l>
					<l>Those who must plan (not as politicians plan) to run business, and open the</l>
					<l>mills to employment, logically question the motives of the Administration in its</l>
					<l>conflicting declarations regarding holding companies and monopolies. They pause</l>
					<l>for acts that will restore confidence. This contributes to the present hiatus in</l>
					<l>the Nation&apos;s business.</l>
					<l>Our national debt has mounted to incomprehensible figures, with our apparent</l>
					<l>economic gains therefrom wiped out. The number of unemployed approximates 11</l>
					<l>millions, as sad a condition as existed when we began our profligate spending and</l>
					<l>wasting.</l>
				</lg>
			</p>
			<pb n='6'/>
			<p>
				<lg>
					<l>6</l>
					<l>The conditions caused by the New Deal impel the suffering and apprehensive</l>
					<l>citizens of this country to study government as earnestly as did the people in the</l>
					<l>period of Abraham Lincoln.</l>
					<l>BUT I WOULD INSPIRE PATRIOTISM, AND NOT FOSTER DISCOURAGEMENT; I WOULD INVOKE</l>
					<l>SELF-SACRIFICE, AND RALLY VOLUNTEERS INDIVIDUALLY AND enmasse TO THE CAUSE OF</l>
					<l>KEEPING OUR GOVERNMENT FREE, AND REVIVING PRODUCTION, MANUFACTURING AND COMMERCE</l>
					<l>We should take courage from our glorious past, and tighten up our belts in</l>
					<l>the confidence that we have adequate resources therefor, both material and spirit¬</l>
					<l>ual.</l>
					<l>This is not the first time that Americans have faced the question whether a</l>
					<l>nation dedicated to freedom can endure. Our country has emerged from each crucial</l>
					<l>test with richer attainments in common and individual rights and safeguards. On</l>
					<l>the ruins left by the Civil War rose a grander edifice of unity, a more impregnable</l>
					<l>fortress of constitutionalisi. State&apos;s rights survived in spite of the futility</l>
					<l>of secession, to remain the peculiar agency of popular sovereignty. The reconcil¬</l>
					<l>iation between democracy and empire made by the founders acquired a validity</l>
					<l>expressed in a superb republic, in the self-restraint, tolerance, moderation, and</l>
					<l>justice, of whose sway the United States became leader of all civilizations in</l>
					<l>advancing science and industry, in production of wealth, in raising the standard</l>
					<l>of living and culture, and in freedom of civil and religious activity.</l>
					<l>To this achievement, Abraham Lincoln and the Republican Party gave the theory</l>
					<l>and the motivating impulse. The American worker and farmer, American capital and</l>
					<l>enterprise, were its flesh and blood.</l>
					<l>Above all, God in his heaven ordained that the American people should be the</l>
					<l>vehicle of his blessing of liberty and equal protection under the laws, to all men,</l>
					<l>without regard to color, race,or creed.</l>
					<l>Dr. Brooks asked Lincoln how much time he devoted to his relations to God, and</l>
					<l>Lincoln replied:</l>
					<l>&quot;I spend more time on my relations to God than any other</l>
					<l>thing. I would consider myself the veriest blockhead if</l>
					<l>I thought I could get through with a single day&apos;s business</l>
					<l>without relying on Him who doeth all things well.&quot;</l>
					<l>Without ostentation, indeed, at times almost imperceptibly, but inexorably</l>
					<l>the spirit of Christianity has ever been the underlying cause of our salvation</l>
					<l>from the dangers through which we have come.</l>
					<l>Never has the competency of the people to govern themselves been more evident</l>
					<l>than during the period just passed. Within six months after voting the greatest</l>
					<l>majority yet given to a Presidential candidate, the public came out positively</l>
				</lg>
			</p>
			<pb n='7'/>
			<p>
				<lg>
					<l>- 7 -</l>
					<l>opposed to his attempt to get control of the Judiciary Branch, and caused its de¬</l>
					<l>feat. And their attitude toward four other great New Deal measures - to shackle</l>
					<l>agriculture, to seize monopoly over labor, to sovietize industry, and to reorganize</l>
					<l>the Government itself - was such that, by public protest, these measures were</l>
					<l>stalled or bogged down. In this efficiency there is hope.</l>
					<l>This aspect of self-government is the effective influence of public conscience,</l>
					<l>intelligence, and diligence, on our legislative representatives. This indirect</l>
					<l>action is not the most important responsibility of the citizen. The primary civic</l>
					<l>duty is action of the individual at the polls. Individuals in sufficient number to</l>
					<l>create the majority that wins elections must perceive the cost to them of the</l>
					<l>artificial spurts of made work, of security dependent on promises of State, and of</l>
					<l>Santa Claus-borne &quot;abundant life.&quot;</l>
					<l>In the past fiscal year, governmental net contribution to purchasing power</l>
					<l>was reduced ahout $275 million a month. As the content of the well is lowered,</l>
					<l>and pump priming ceases to make work, many individuals will understand from exper¬</l>
					<l>ience what wisdom and virtue have been unable to impart.</l>
					<l>Hate, implanted in sections, classes, and groups, and in opposing interests</l>
					<l>and philosophies, obstructs reasonable action. All Americans regardless of labels,</l>
					<l>assumed or pinned on them, who would save their country, belong together in one</l>
					<l>irresistible effort. Good will, inherent in the Christian faith we hold, must</l>
					<l>supplant it.</l>
					<l>In our foreign relations, the United States is a proponent of peace, keeping</l>
					<l>&quot;ourselves by suitable establishments on a respectable defensive posture&quot; as</l>
					<l>George Washington recommended in his farewell address.</l>
					<l>As a minority in Congress, Republicans have asked for justification of the</l>
					<l>large appropriations for the Navy and the Army by a clarification of this Admin¬</l>
					<l>istration&apos;s foreign policy.</l>
					<l>This is a logical course in view of the conflicting attitudes of the Adminis¬</l>
					<l>tration, and the failure to recognize events in the Orient as war and to put into</l>
					<l>effect our unwise Neutrality Act. We ought to avoid threats followed by withdrawal</l>
					<l>from the position we have taken.</l>
					<l>However, we will support the Administration in efforts to maintain our tra-</l>
					<l>ditional attitude of independence, though not isolation. We should avoid hasty</l>
					<l>judgments regarding conditions which cannot be made public because their secrecy</l>
					<l>may be vital to the &quot;collective security&quot; of nations desiring peace and abhorring</l>
					<l>cruelty and oppression.</l>
					<l>We need no compact with England. Our interests are mutual. Brothers in</l>
					<l>democracy will cooperate in defense of each other. They did so on the Yang Tse,</l>
					<l>in Manila Bay, and on Flanders Field, without long term alliances. But if</l>
				</lg>
			</p>
			<pb n='8'/>
			<p>
				<lg>
					<l>8 -</l>
					<l>emergency should require joint action, or independent non-action, let us maintain</l>
					<l>a position which will enable us to give to the United States the authority that</l>
					<l>arises from confidence and unity of the people.</l>
					<l>In our domestic relations let us forthwith engage in direct action toward</l>
					<l>sound recovery.</l>
					<l>Fellow Republicans, I commend to you sacrifice. Give to the cause of free</l>
					<l>government new energy by using its freedom now to put into effect in your business</l>
					<l>and your service practices which will help to solve the social problems of your</l>
					<l>individual communities: promotion of employer-employee harmony by understanding</l>
					<l>and cooperation between management and employees; regularization of employment by</l>
					<l>the establishment of reserves for that purpose, i.e., profits appropriated to</l>
					<l>carrying on employment during depressions; adjustment of wages and hours by agree¬</l>
					<l>ment.</l>
					<l>Volunteers have already started the movement. Give it vogue, make it popular!</l>
					<l>No politician or bureaucrat in Washington can be so competent os you are to adapt</l>
					<l>the ideal to the practical in your business with its individual peculiarities. No</l>
					<l>law having general application to employment relations of a whole continent can be</l>
					<l>just or economically sound in widely different localities.</l>
					<l>Moreover, you cannot prosper, and the nation&apos;s business must suffer, unless</l>
					<l>you serve the people&apos;s interest.</l>
					<l>Employees, management and stockholders join and share in the readjustments</l>
					<l>in costs and prices dictated by changing degrees of prosperity and depression. In</l>
					<l>the long run the sacrifices involved will be rewarded by a leveling of the valleys</l>
					<l>and peaks of maladjustment, and by an enrichment of the lives of yourselves and</l>
					<l>your coworkers.</l>
					<l>But, you say, this good will program is made difficult by our Government!</l>
					<l>Very well, then, exercise your right at the polls to turn out the administration</l>
					<l>that penalizes theprovident accumulation of surpluses and dissipates them. Refuse,</l>
					<l>this year, to reelect Congressmen who have advocated Constitutional amendments and</l>
					<l>statutes which would coerce you and freeze costs, wages, hours, and quantity of</l>
					<l>production. Refuse to support men who would put the Government into competition</l>
					<l>with you, or enact legislation that gives the State the power of life and death</l>
					<l>over industry and agriculture.</l>
					<l>Reelect Republican Congressmen! In this District I am confident of your</l>
					<l>determination to reelect that staunch advocate of an economic system that is flex¬</l>
					<l>ible, and free to conform to the changing scene,- Dr. Fred J. Douglas. This is</l>
					<l>your first political step toward the establishment of a government that is</l>
				</lg>
			</p>
			<pb n='9'/>
			<p>
				<lg>
					<l>- 9 -</l>
					<l>entitled to the confidence of private enterprise. Without opening the gates of</l>
					<l>factories, old and new, the depression will not be alleviated and unemployment be</l>
					<l>remedied. Elect men who will work for laws that furnish an incentive to invest</l>
					<l>funds, assume responsibility, undertake risk, expend energy and create new wants,</l>
					<l>new uses, and new jobs.</l>
					<l>Prosperity is the fruitage of work. But the work must be in the cooperation</l>
					<l>of land, capital, and men, pulling together under sound government policies. We</l>
					<l>should not impoverish one class of consumers or producers by special privileges to</l>
					<l>one in disregard of the effect upon others.</l>
					<l>Take to the polls your demand that government protect the rights of men and</l>
					<l>of property from coercion and violence. Insist that Governors enforce law and</l>
					<l>order, and equal protection of the law for all.</l>
					<l>Vote for candidates to Congress who will bring real relief from the destruct¬</l>
					<l>ive excess surplus tax and the tax on capital gains. Support such tax bills as</l>
					<l>raise revenue for financing of Government, and are not designed for limitation of</l>
					<l>profits, confiscation of savings, or effecting political changes.</l>
					<l>As a political party striving to help according to its moral responsibility,</l>
					<l>let us freely and frankly abandon policies which are outmoded by conditions in</l>
					<l>world economy, preserve the best in our experience, and propagate more unselfish</l>
					<l>and broadly constructive policies.</l>
					<l>State governments ought to sanction and aid economic and social progress in</l>
					<l>intrastate affairs. Federal Government ought to supplement State statutes by</l>
					<l>giving effect to State policy in interstate commerce.</l>
					<l>Thirty thousand young men and women graduates of our schools will mingle with</l>
					<l>the breadwinners of the United States this year. They have a contribution to make</l>
					<l>to the general welfare, and they will eagerly undertake it if Government stops</l>
					<l>talking security and more abundant life, and at the same time, creating insecurity</l>
					<l>and apprehension, and enters upon an era of good will toward production.</l>
					<l>Let us encourage the flow of funds into investment by assisting in the broad¬</l>
					<l>ening of credit at low rates.</l>
					<l>The Federal Home Loan Bank Act (initiated during a Republican Administration)</l>
					<l>should be broadened, and a home-financing policy inaugurated that would enable</l>
					<l>young people to build or acquire their own homes by making available to them, on a</l>
					<l>liberal but sound basis, loans at low rates of interest. Federal credit or Federal</l>
					<l>funds should be employed for this purpose as a preventive of ill housing. This</l>
					<l>would be a wiser use of public funds than withholding for enforced relief purposes.</l>
					<l>It would stimulate the building industry and employment. Moreover, it would</l>
					<l>serve the even higher purpose of promoting self-reliance and self-respect.</l>
				</lg>
			</p>
			<pb n='10'/>
			<p>
				<lg>
					<l>- 10</l>
					<l>Let us favor construction profits. Inevitably this incentive will start a</l>
					<l>sequence of investment, employment, production of plenty, and revenue with which</l>
					<l>to pay our national debt, and balance our budget. Pending recovery, we will care</l>
					<l>for the needy with the practical and non-political service and cooperation of local</l>
					<l>self-government.</l>
					<l>Let us press our undeniable claim that the American form of government has been</l>
					<l>and will continue to be the best yet devised to insure the liberty, dignity, and</l>
					<l>spirituality of man.</l>
					<l>Moreover, in its liberal principles the competitive system, without compul¬</l>
					<l>sion,</l>
					<l>... has produced three times as much wealth as the whole world produced</l>
					<l>before 1776.</l>
					<l>... has distributed wealth so widely that even in the midst of the de¬</l>
					<l>pression there were more than 44,000,000 savings accounts with aggre¬</l>
					<l>gate deposits exceeding $24,000,000,000.</l>
					<l>Approximately 10,000,000 members of building and loan associations, with</l>
					<l>assets approaching $8,000,000,000..</l>
					<l>... approximately 121,000,000 life insurance policies in force for a</l>
					<l>108,</l>
					<l>facevalue</l>
					<l>eindstrial worker&apos;s money wages. In 1929 they were</l>
					<l>has increse</l>
					<l>three times as high as in 1890.</l>
					<l>... has increased the purchasing power of wages - money wages related</l>
					<l>to living costs - by 48% during the same period.</l>
					<l>... has decreased the average hours of labor from 60 hours per week</l>
					<l>in 1890 to 48 hours.</l>
					<l>A gift which Robert Burns would have invoked from the gods (seeing ourselves</l>
					<l>as others see us) comes to us in an article which recently appeared in The</l>
					<l>London Sphere, entitled &quot;JUST FOOLISHNESS.&quot; I quote:</l>
					<l>The United States contains 6 percent of the world&apos;s</l>
					<l>area and 7 percent of its population. It normally</l>
					<l>consumes 48 percent of the world&apos;s coffee, 53 percent</l>
					<l>of its tin, 56 percent of its rubber, 21 percent of</l>
					<l>its sugar, 72 percent of its silk, 36 percent of its</l>
					<l>coal, 42 percent of its pig iron, 47 percent of its</l>
					<l>copper and 69 percent of its crude petroleum.</l>
					<l>The United States operates 60 percent of the world&apos;s</l>
					<l>telephone and telegraph facilities, owns 80 percent</l>
					<l>of the motor cars in use, operates 33 percent of the</l>
					<l>railroads. It produces 70 percent of the oil, 60</l>
					<l>percent of the wheat and cotton, 50 percent of the</l>
				</lg>
			</p>
			<pb n='11'/>
			<p>
				<lg>
					<l>- 11 -</l>
					<l>copper and pig iron, and 40 percent of the lead and</l>
					<l>coal output of the globe.</l>
					<l>The United States possesses almost $11,000,000,000 in</l>
					<l>gold, or nearly half of the world&apos;s monetary metal.</l>
					<l>It has two-thirds of civilization&apos;s banking resources.</l>
					<l>The purchasing power of the population is greater than</l>
					<l>of the 500,000,000 people in Europe and much larger than</l>
					<l>that of the more than a billion Asiatics.</l>
					<l>Responsible lendership which cannot translate such a</l>
					<l>bulging economy into assured prosperity is destitute of</l>
					<l>capacity. But pompous statesmen, looking over the estate,</l>
					<l>solemnly declare that the methods by which it was created</l>
					<l>are all wrong, ought to be abandoned, must be discarded;</l>
					<l>that the time has come to substitute political management</l>
					<l>for individual initiative and supervision.</l>
					<l>There is only one way to characterize that proposal - it</l>
					<l>is just plain foolishness.</l>
					<l>(End of Quotation)</l>
					<l>Through individual self-reliance and service only can abundance, security and</l>
					<l>progress be attained, and our economic plan must be such as to stimulate ambition,</l>
					<l>afford opportunity, and excite in each boy and girl a sense of responsibility to</l>
					<l>produce to his capacity. This can be done by the voluntary sacrifices that are</l>
					<l>obvious to producer and consumer, employer and employee, lender and borrower, in a</l>
					<l>new atmosphere of confidence, for which the political party in power will be</l>
					<l>entirely responsible.</l>
					<l>Fellow Republicans, ours has been the most successful experiment in government</l>
					<l>in history. It has been, and will continue to be, enduringly successful only to</l>
					<l>the degree to which it is free from the tyranny and unprincipled practices which</l>
					<l>have brought about the downfall of governments since the beginning of history. If</l>
					<l>we will constantly bear in mind that perfection alone is invulnerable, it will</l>
					<l>clarify for us the perplexing phases of the changing scene. It will enable us, as</l>
					<l>we &quot;prove all things&quot; to see more clearly how to &quot;hold fast that which is good.&quot;</l>
					<l>The Republican Party intends to preserve this system. It will earnestly serve</l>
					<l>in the transition to still better things.</l>
					<l>The Republican Party can defeat the spirit of encroachment of the Federal</l>
					<l>Government on the several states, and of one department upon another;</l>
				</lg>
			</p>
			<pb n='12'/>
			<p>
				<lg>
					<l>12 -</l>
					<l>It can stop the consolidation of all the powers of the various independent</l>
					<l>offices in the Chief Executive;</l>
					<l>It can retain current control of expenditures of public moneys by maintaining</l>
					<l>the independence of the Comptroller General whose fifteen year tenure of office</l>
					<l>and answerability to Congress has heretofore made him fearless of departmental</l>
					<l>power;</l>
					<l>It can maintain the dignity and moral authority of the Supreme Court of the</l>
					<l>United States, and the independence of the Federal Judiciary as a sanctuary of</l>
					<l>the people from oppression. (It is as necessary to preserve reciprocal checks in</l>
					<l>the exercise of political power as it was necessary to institute them.);</l>
					<l>It can save the most fundamental characteristic of the American system of</l>
					<l>Government from gradual enervation by insisting that changes in the distribution</l>
					<l>or modification of the Constitutional powers shall be made only by amendment in</l>
					<l>the way the Constitution designates, namely; by submission to the people themselves;</l>
					<l>It can lead in the development and improvement of the American social and</l>
					<l>economic system within the limitations of the fundamental law.</l>
					<l>In the struggle toward these high objectives we shall carry forward in our</l>
					<l>generation the great spirit of emancipation, of which Abraham Lincoln, the</l>
					<l>founder of our party, was the incarnation.</l>
					<l>I leave with you the beautiful concept of the spirit of Lincoln, expressed</l>
					<l>by Representative John M. Robsion, of Kentucky, in 1925:</l>
					<l>&quot;It seems he took hold of the strong arm of God</l>
					<l>with one hand and took the hands of the people in</l>
					<l>the other.</l>
					<l>—00000</l>
				</lg>
			</p>
		</body>
	</text>
</TEI>
