Salt Lake Telegram | 1933-02-08 | Page 3 | Smith to Ask Huge Loan for New York

SMITH TO ASK HUGE LOAN FOOT T03 NEW YORK. Feb. S OTP) Alfred C, Smith, wh will ask tomorrow for a g03.000.000 loan from the Reconstruction Recon-struction Finance corporation for public pub-lic works in New York state, believes democracy must become a tyrant In time of stress and that dictatorial power must be placed in the hands of one man to push a national program pro-gram of public works. This stagnation of business or whatever you call It is doing more damage at home to our own people than the great war of 1917 and 1818 ever did ho, said last night The only thing to do is to lay aside the red tape and the regulatory statues and do what a democracy does when it fights. "And what does a democracy do when in a warT It becomes a tyrant, a despot, a real monarch. In the World war we took our constitution, wrapped It up, and laid it on the shelf and left it there until it was over," The former governor of New York spoke at the dinner of the Catholic conference on Industrial problems.