Show w 1 1 i THOMAS THOl ASSAILS H Jj 1 HOOVER SPEECH J NEW V YORK Aug 12 Norman 12 Norman f Thomas Socialist candidate for j president tonight gave the Socialistic Socialistic Social Social- reaction to President Hoovers Hoover's Hoovers Hoover's 1 ers er's acceptance speech in an adf ad ad- address address f dress at the Faculty club of New r l i York University N S. S I As As a a. Socialist I disagree with President Hoovers Hoover's acceptance speech at almost every point he j 1 he said Yet I welcome it because J it t really raises fundamental Issues and points of difference Circumstances Circumstances Circumstances Circum Circum- stances notably Mr Hoovers Hoover's own 1 record which speaks so loudly that we cannot hear what he says have compelled Mr Hoover to be explicit beyond the wont of old party political candidates He maintained that it would bo difficult for Governor Roosevelt to make any searching or fundamental fundamental funda funda- I mental criticism of the speech He said It was a defense of the capitalistic approach to the depression depression de de- de- de pr and that the Democrats were as much for present present pres pres- ent eat conditions as the Republicans Running through Herbert Hoo- Hoo W vers ver's speech are two assumptions both of them terribly wrong The first is that this crisis has been adequately met Says the president president president dent We have provided methods and assurances that there shall none suffer from hunger and cold 1 among our people As he spoke those words did no vision of the ther bonus marchers driven to Washington Washington Wash Wash- r ington by hunger and cold and harried out of or Washington by milItarY military military mil mil- forces float before his eyes The second of Mr Hoovers Hoover's asA assumptions as as- A Ls LJ equally fallacious Itis It Itis is 18 that we are on the way out of this depression As a matter of fact In New York state July reck recorded rec rec- 1 k the greatest drop in employment employment em em- emI I over June in any years year's record Employment fell by 53 per cent and the factory pay rolls i l. l s by 71 per cent Even assuming that the panic features of the depression depression depression de de- de- de are temporarily over and that the shortage of some crops and the sheer working of the business business business busi busi- ness cycle will raise certain commodity commodity commodity com com- prices does he not know tl that at nothing fundamental has been done or can be done under the system which he ex tolls to prevent similar crises 1 Thomas said he did not believe prohibition should be a fundamental tal issue but said It is characteristic characteristic characteristic charac charac- of the fundamental distrust distrust distrust dis dis- trust of most moat people of the ability ability ability abili abili- ty ty of or the old parties to grapple with ith economic problems that the great newspaper emphasis on Hoovers Hoover's speech has to do with his remarks B on prohibition |