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Show HOOVER SCORES NEW DEAL PLAN Ex-President Urges 'Common Sense' CHICAGO. Dee. IT Iff Former President Hoover proposed last night a social and economic system to supplant tha new deal's "plsnned economy" whose reeults he termed "obvious violations of common sense." Speaking before the Economic club, Mr. Hoover, said a study of the national scene disclosed widespread wide-spread anxiety, confusion and fear arising from administration policies. Hs contended the forces of "planned economy" involve constantly con-stantly greater centralisation of government conflicts with the constitution, con-stitution, a minimising of the Independence In-dependence of congress and the judiciary, dangers of inflation, huge deficits, and great Increases In debt and taxes. . "Tha results are obvious violations viola-tions of common sense," he said. "Transient political officials cannot plan the evolution of 120,000.000 people." peo-ple." Today, he asserted, "every plan In life ia a bet on Washington. Every Investment of savings is a gamble on the currency. Every future price is another bet on Washington." Wash-ington." Hs viewed the world economic movement as "still upward" and said the business recession "need not be serious." But he contended, there existed an Imperative need for "relief from pressures from i tains tai-ns te billione of industrisl and home ICCoatlnued on Ps.t Twei 1 Column Oni - HOOVER SCORES ! NEW DEAL PLAN tOoaunned from Pat Ona) construction and million of Job for men." Outline Olven An outline of the salient point In the former president' alternative - to "planned economy" follow: 1, "L Private enterprise Is the only economic yitem which will not .. limit or destroy the force of prog- - re. "1 The on hop of increased a. - rarity, of incrad standards of " hving, and of greater opportunity is to reduce costs and assure maxl- - mum production by making full use f Invention, machines, Improvements, Improve-ments, and by eliminating waste. "J. Regulation of business I needed need-ed to preserve freedom and equal opportunity. "4. Mora cooperation la required between group and sections outside out-side of government and with government gov-ernment "i. Tfaa economic and social gears must be enmeshed; the primary objective ob-jective of the system must b elimination elimi-nation of poverty and fear of it" Mr. Hoover said such a system . would create a "bigger production pie and would 'constantly diminish dimin-ish the marginal group who do not get a Just hare." |