U. S. PRESIDENT

Hokitika Guardian, 6 October 1932, Page 5

U. S. PRESIDENT

HOOVER’S BID ' FOR FARMERS SUPPORT. (United Press Association—By Electric - leiegrapt—Copyright.) DES MOINES (Iowa) \ - October’ 4. With the Hoover Administration \ leaders. admitting that they are concerned over the reported ■' increasing strength of Governor Roosevelt in the WestpiMr Hoover decided to' launch his campaign here < for several .Teasons, namely : The 'State (Iowa) ' "is Ins .birthplace, and it l hppefi(is to ; be the • focal point of - the/agricultural' disaffection, as has been evidenced by the recent farm strike in lowa.

A POLICY SPEECH. ' .',v. NEW YORK, October 4, " . President Hoover opened his Presi-. " dential election campaign' with an address at, Des Moines, IbwaV The President told, a Harm Belt’”a'udience that he favoured the application of any annual payment of the Wair'Debts to the securing of an expansion of foreign markets for American agricultural products, ; Be ipromised the imposition of higher tariffs thari those which now existed oh farm commodities where necessary to protect agriculture. ► He voiced hie oppMt’ion to the can. cellation of the War Debts. • He said that he stood for the promotion of world stability through disarmament, end he maintained that peace was a factor in 'the recovery and expansion of agriciiltuiral markets.' 7 , ■ He proinised ;to ’ appoint a repre-. sentativ e ‘of agriculture' at the forthcoming World Economic Conference. Mr Hoover, as in his Acceptance speech, outlined in detdil progressive steps of? the depression, emphasising the terrific effects on the “shocks 'from abroad,” hnd naming the suspension of the gold standard in England, and the recurring financial crisis in Germany.: ... 1 ; He scoffed at the opinion.' that “things could not be worfee,” saying that last winter, although it was not publicly :J known the nation faced complete economic chaos.. •/ Mr Hoover’s speech'is considered, by the. Republicans; as a. complete answer to Governor' Roosevelt’s campaign to date. A nation-wide press re-action has featured) his utterances regarding the gold standard) : HUGH CROWD GATHER. fDiHS MOJNES; October 4. " Despite intimations that there might be an unfriendly reception for the President;- which resulted in an unusual mobilisation of Socret Service agents and police, Mr Hoover was received with great declaim by a crowd estimated at one hundred thousand, . while some ten thousand invited Re■t publicans -listened to‘the speech and enthusiastically. Prior to the arrival ctf Mr Hoover, a Farm Protest meeting was held, several thousand marching through the streets carrying banners, which contained . lists of the prevailing low •prices of agricultural products and also jibes at President Hoover. THE PROSPECTS. DBS MOINES, October 4. Straw polls indicate that Governor Roosevelt so far -is- running ahead in public sentiment. SENSATIONAL CLAIMS. .•’V ■ " . ’ TO HAVE SAVED AMERICA. * DES MOINES, October 4.In the first of three speeches which have been scheduled;, for his re-elec-tion campaign, president Hoover made a lengthy . ten-thousand r word address here .to-night. He outlined economic ' difficulties of the 'last,.:/three years, and proposed a. twelve-point programme for the rehabilitation of-' agriculture. /■ ■•,' He made the startling ,statement that last winter, at,.the height of the budget difficulties, when gold - was pouring into France and other countries, “the United States missed going off the gold, standard by two weeks.” Discussing the gold! withdrawals and the public gold hoarding, ‘.he said: “Never was our nation in greater peril.” He attributed the -country’s ability to meet the situation to the Republican’s cool headedness, which had rejected every counsel of weakness and cowardice, in spite of suggestions to him of unlimited liquidation, the issuance of paper money, ■ the suspension of payment of Government is-' sues, and even a, dictatoMhifU “Any one of which, he said, “wbutd have .produced a.ipatiic in itself.” In , reference to the gold drains, he said: “These drains had at one mom- ’ ent reduced the amount of gold 'which they could spare for- current payments to a point where the Secretary of the Treasury informed me that Unless we could put into- effect a remedy, we could hold the -gold standard hut two weeks, because of our‘‘inability to meet the demands of foreigners and of our own citizens for gold. Such an eventually not ailone caused the hanks’ and money interests to stare’ perils straight in the tone, but forebodied moral land social chaos with years of conA'chand derangement.” He then explained the credit expansion legh’atian, to, which he attributed a turn in the tide of depression last July. He said: “Foreigners returned us gold to the amount