Show Yes Mr Hoover Knew It From a confidential sours source which we cannot reveal we learn leaf I Ith th the Pres President dent Hoover realized l ion long mg I before e election day that he w was fighting for a lost cause I This is no doubt true Tr The I signs practically all pointed or one I way during the campaign W We Ve haven't much faith in the tribe c of I professional gamblers gamblers but but tr the I Ivery fact remains that gamblers at are very very canny students of events an anthey and they have to bet right or go ou out of business The gamblers mostly mostly mostly most most- ly bet on Roosevelt Roosevelt regardless regardless c of ot which way the they rooted or voted 1 The Republican party of course tours Is not dead dead but but it is generally generall agreed even in Republican circles circle that a thorough housecleaning i is needed and that the blunders blunder which h were were made in the ca campaign of or 1932 must be avoided in th the future One of these blunders was t to represent Roosevelt as a helpless invalid who hobbled around Ilk Ilka like a Do cripple He could never stand stani standup up under the terrific strains o of four years in the White House and he would no doubt break down during the campaign it was whispered the But what a difference when campaign actually began The whispers about Roosevelt's physical physical phys phys- ical incapacity were at once shown shows to be false false and and they were the kind of falsehoods which come right home pome to roost and cause z a avery avery very damaging reaction Roosevelt Roosevelt Roose Roose- Roosevelt velt worked far harder in the campaign that Hoover did and he stood it much better From the first moment that Roosevelt started his campaign it was evident that he had Hoover Hooves outclassed as a political slugger of the To ro use t the e phraseology prize ring his punch was harder harde than Hoovers Hoover's and L j. j reach was longer At the first round he lie dealt Hoover what was almost a solar plexus blow blow and and from that moment on Hoover was on the thed d defensive We have personally the greatt greatest great great- est st t sympathy for Herbert Hoover 1 It has been said time lime and again agal I that he has been a victim of th the I times and of circumstances circumstances-an circumstances and and I this is true He did his best bu buto but butto butto to a large extent he was influenced influent ed by bad advisers And the J saddest sad saddest dest part of the whole thing i is that many of these people after egging him on left him to fight figh his battles almost single-handed single while they took to cover The big business elements that tha are inseparably tied up with Wallstreet Wall Wal Wallstreet I street foresaw that Hoover was wa going to be beaten unless the Democrats Dem Democrats made one of their traditional traditional traditional I Dem-I blunders or unless a miracle happened As the campaign went wen wenton on the Democrats failed to make any of their traditional blunders blunder and no miracle happened 1 The Wall street gamblers discounted discounted discounted dis counted the Hoover defeat soon soot after Roosevelt delivered his first firs body blows Discounting In this this' se sense se means adjusting sting to a loss los before It has actually come tc to pass or paying interest on a boarin loan boar in advance I Hoovers Hoover's defeat was already re re- re-I re in the Wall street slump I which came in July The farmers farmers' I crops were se sent t down to new all all- time ime lows silver copper and newall I nearly nearly neary near near- ly y all other commodities also sank to d depths unknown in history I I Y HO HoW c could uld the e voters be expected to o vote for Hoover when the news I I of if the day was always against I him sim Worse yet yet the the Wall Vall street I gambl gamblers amblers rs used ed the the Hoover campaign cam cam- thunder for their own pur pur- pur- pur poses They resorted to hedging hedging I. I ing ng tri tricks ks They would d run stocks up ep p a little and g thus cause a new I 1 and again they fever ever for buying buying and I I would jet let them 1 sink back again Every time this operation is reI re- re I the the stock gam gamblers lers take j I profits profits They shear the lambs I both oth coming and going I T The e fact that Wall street had discounted the Hoover collapse and nd foreseen the Democratic landslide landslide land land- slide lide months before the election was gas proven again on the day afI after af af- af- af I ter er election Stocks instead of I plu plunging lunging ging t to new lows as had been predicted redacted if the Democrats c ts won w-n w hardly experienced a flutter The lne professional stock gamblers had hadd all acted on their dope earlier in the campaign and unloaded their holdings to their own advant advant- age They thought more of their own profits than they did of Mr I Hoover I President Hoover deserves and should receive the sympathy and will good-will of the American people He is a victim of events events and and arent we all I I |