Word: hoover
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Dates: during 1930-1939
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Tradition is that in every national election any party that has a living ex-President drafts him to make a series of speeches lending his prestige to its nominee. In 1936 the only living ex-President is Herbert Hoover and he is an exception. Instead of having prestige with the majority of voters, he is widely regarded as a political liability. Nevertheless, when Republican Chairman John Hamilton reached San Francisco last week on an airplane stumping-tour of the West, Herbert Hoover was drafted to serve his party for the modest job of introducing him to a political rally...
Nowhere in his remarks did Mr. Hoover mention Presidential Nominee Landon or the matter of his election...
...points" of Social Justice, net of which is that cheap money is the key to a rich life for all. Orator Holt evoked boos for Representative John J. O'Connor (who last spring threatened to kick Father Coughlin from the Capitol to the White House), Herbert Hoover, the du Ponts, Carter Glass, WPA, the Federal Reserve System. He won cheers for Thomas Jefferson. Father Coughlin. Social Justice. Next Father Coughlin delivered a "schoolroom lecture" on economics, finance and the iniquity of the Federal Reserve System for creating false money "with a fountain pen and a piece of paper...
...worth of cotton, yet its total profit was only $13,000,000. Testifying before a Senate committee Will Clayton declared: "We made those profits, by the way, at least half of them, as the result of the Government cotton policy." Mr. Clayton was referring to Herbert Hoover's Farm Board, not to the New Deal's curtailment of production, which he dislikes even more than governmental plunging in the cotton market...
...training, tradition and conviction Will Clayton is a free trader. Any meddling with the economic machine is, to him, the supreme sin. Before the Bankhead Act] before the AAA crop reduction program, before cotton loans were instituted, before the Hoover Farm Board started to thrash around in the futures markets, Will Clay ton's favorite hate was the tariff. Said he, when ploughing-under was rampant: "There is only one means of preserving a correct balance between supply and demand in a great world commodity like cotton, and that is through the corrective influences of competitive price levels established...