OCR Text |
Show A DESPERATE GAME GAl\IE GAl IE \ . " "High High " gh finance is 1S pla placing playing mg a desperate despcrate games gamesThP game ' ' Thp same Wall Wa.ll . Street spokesmen Epokesmen who in 1929 bunked the nation nahon " with "Ith Ith repeated re- re rejeated rejpeated - jeated peated ) lying 11ng } assurances th that t the crazy , bull market marhet marketould \ \\ould ould would \ \ ould never end , are now nowTroclaimmg no'proclaiming noproclaiming ' roclaimmg Troclaimmg panic pame unless the president ceases his money programThe programThe program programThe The same satraps of ofast \ast ast cast \ , ast " vealth "ealth ealth " who "ho ho , after the crash had started , , flimflammed fhm- fhm flim- flim fhmflanuned flimflammed - - flanuned flammed the people"uth people \ " with \"uth "uth uth hypocritical hypocr1t1cal piedictions p1edichons predictions that "prosperity prosperity "prospenty prospenty " is just lust around aroundthe aroundthe arounthe the cornerh1Ie comer corner , , " , while \h1Ie h1Ie \ they sold stocks short , , are now venomously attacking attach1'1g attach11g attaching ' the"Roosevelt the th"Roosevelt thRoosevelt "Rooseelt "Roosevelt Roosevelt "Roose\ "Roose Roose " " \ elt financial fmanc1al fmancral policyA policy policyA A collapse of got go government , ernment creoit creo1t credit is threatened , they sa sa\ sa saThe } \ The American Amencan people IJPOple have h:1\e h:1 h1 e hate : \ so often been bunked bunhed by Wall Street that they they.d1strust theydistrust thedistrust .d1strust d1strust distrust . nearly everyord everycrd every \\ord ord \crd crd word wordif \ \ , ( of if advice adv1ce that comes from that center , but never ne\er ne er \ b2- b2 be- be beSore b2.fore bsfore - .fore fore Sore . has such an out-and-out out and - - icious 'ICIOUS rcious r \ ' attempt been made to trick tnck and befuddle befuddleihe befuddlethe befuddlIhe ihe the nation nahon . f . * . * . . The credit of the United Umted States is 1S in m danger ? What utter nonsense . , TI1C The TI1Cgoernment's Thegorerninent's Thgovernment's Thgovernments go\ernment's go ernment's ernments gorerninent's gorerninents \ ' ' credit has never been better than it is today . . The money of the the"Umted theUnited th"United thUnited "Umted Umted United " " States Stat.es . has novel neve1 never had more solid sOl1d , , substantial substanhal foundation foundahon than it has right right.now rightnow righ.now righnow .now now . . . . It was never moie mOle more ' < sound " Hel Heie Here e aie are a1 e the factsThe factsThe facts factsThe The Fedeial Federal Reserve report fo ? : ' Noy November Noember , ember , 1933 , shows that w . we v.e ve e have have'Gold have'Gold haveGold I Gold 'Gold ' ' < , valued on the old basis bas1s . . . . . . . . . . . . . . $4,323,000,000Currency $4,323,000,000 4323000000 $4,323,000,000Currency $ , , , , ' . Currency and coin com corn m III in circulation clrculation . . . . . . $5,654,000,000These $5,654,000,000These $5,654,000,000 5654000000 $5,654,000,000These $ , , , , These figures do not take l'1to l1to into ' nto account the actual gold content cont.ent . of the dollar dollartoday dollartoday dollartoday today Measured on the price that the RFC is now paying paymg for gold , and the theforeIgn theforeign theforeign foreIgn exchangs exchang exchange value of the dolla1e dol'ai dolai dolla1 dollar ' , , \ we \\e e have haveGold haveGold haveGold Gold , at its present value . . . . . . $7,060 7060 $ , , 000 000Currency 000Currency 000 000Currency etc ete . . . . . . . . $5 5 $5654000,000 5654000000 $5654000,000This $ 654 000,000 000000 000,000This 000,000This , , , Currency , , This means that the United States government can today call in ALL of the theFedeml thefederal of circulating circulat circulat- circulat.lllg circulating - - banks the privilege pnvilege take aw \ from national Fede1-a1 Fede1 a1 Fedeml . : - Reserve Notes , , a\\ay a ay away ay . bank notes notrs , call in m allbiher all silver biher i1\er i1 er \ certificates cerUf1cate ? , , and hold a . grand bonflie bonfile bonfire It could.also couldalso could couldalso - . -also also -.also .also - ing .lllg lllg throw all the silver slIver in m the treasury , , and all the silver slIver , , nickel mckel and copper coppercoms coppercoins coppercoins GOLD COINS COINSto COINSto COINSto The government could then mint mmt and issue into mto the ocean coms coins dollar of currency and pay for every metal coin If the govern govern- government government government - to ment repay d d every this tlus it 1t would still hat have ha\e ha e ' \ a in the treasury , $1,406 1406 $1,406000,000 1406000000 $ , 000,000 000000 , in GOLDAnd GOLDAnd GOLD GOLDAnd Street tries tnes to cause panic pamc , , and create a chaotic condition condmon m in mow inout inoui And vetV vet \V V \ Wll Well ? 11 stoodhigh stoodmgh stood stoodhigh but disgruntled d1sgruntled politician pollhcian who once And a wise-cracking wise cracking vllse-craching vllse craching - - country countl1 - ow out affection adds his hisoice hISOlCe \oice oice \OlCe OlCe voice \ to that of the BOOH BOOR shouters shoutersRoosevelt -high high mgh in m American Amencan . r . . . r . rI rRoosevelt confidence When , , only a few . weeks v.eeh.s veeh.s veehs . ago , , a powerful but butrrrespcnsIble butirrespcnsible butirresponsible I Roosevelt Rqo.evelt Rqoevelt : . deserves demanded that he ' immediately 'lmmeo1ately lmmeo1ately smmearately inflate mflate the the.currency the.currency thecurrency of politicians 'POl1ticians POl1ticians politiciahs rrrespcnsIble irrespcnsible group ' money , he refused refused.He refusedHe . and more paper .currency currency . . . by issuing issumg more carefully-considered carefully considered - course course.Roosevelt courseRoosevelt . He v . would ould not be swept ound from for his h15 uncertainty uncertamty . . In a recent speech , he declarsd declar declar- declared declared - Roosevelt has left no gl giound ground dollar for theICpaymg thexcpaying the theThe establishment establ1shrnent of an Americani Amencan American to'ork work \\'ork 'ork ork tov toward toword . rd the to \ \ ' ed sd ed ? he intended mtended ' w1ll will have the same pUlchasmg purchasmg power , on the average , as asthe asthe debts that " of ICpaymg xcpaying for a generation fluctuate m in purchacmg purchasing ; power not the dollar bOlrowed borrowed and will Street does NOT want That means a scaling scalingdown scalingdown Wall ll But that 15 is e.actly eactly exactly } . what W lessemng lessening of the vast load the people peopleare peopleare - - bonds , of mortgages-a mortgages a of of debts , down for Wall Street StreetThe StreetThe It means LESS fat profits in the theface theface theface are calfymg carrying lamentations of the th.e . financiers seem comic COmlC cormc The ofsfrS solemn warnings warnmgs Ses and their the1r illustration of the d depths pths to which Wh1Ch selfsshness self- self self.J.shnCSS self selfishness - face of straIght hgures figures , , tragic m in -Exchange Exchange change charactel charac.te1 characte1 character charactelExchange characterExchange . - . ishness .J.shnCSS J.shnCSS JshnCSS sshness can submerge |