| Show I Roosevelt And His Critics I By L. L A. A Hollenbeck President Roosevelt Is not Immune Immune Im Im- Im mune from criticism In an orchard orchard orchard or- or chard of mixed apples you will always find the most clubs around the tree that has the best eating apples YO Yoju cant can't fool the kids Our friend John Walters Watters figures out that Roosevelt and his policy in the last bank moratorium we are giving the banks the use of 2 billion dollars without interest and at 3 per cent it figures 60 millions dollars interest per year that we are giving the banks Well lets let's see The depression had made the notes owing the banks frozen assets The banks co co could ld not collect collect collect col col- col- col lect either the principal or inter inter- est Therefore the bank could not pay the depositors or loan money That meant a heavy loss I S to the banks And all aU at once the big depositors began drawing money mon mon- 5 ey eYe gold and gold certificates out of the bank and hoarding it This money in equity belongs to all the depositors and not to a favored favor favor- S. S ed few So Roosevelt Roose and congress congress congress con con- gress stopped it But the people people peo peo- pie not so favored had to have currency currency currency cur cur- rency to use because they could not check on the gold and gold certificates So a currency issued on bank securities to enable enable enable en en- able everyday business to carry on This currency except a small fraction of it is not loaned out it is to pay payoff off checks cheeks I Sin In In the ordinary run of business So this 60 million dollars in interest terest mostly hooey Well VeIl Morris Hillquit the Socialist Sod Soci a alist national chairman criticises He Hc says that Roosevelt saved the tile country from a threatened disaster disaster ter but thinks the government has practically taken over the deficits of our insolvent banks but believes believes be be- that times will improve under under under un un- un- un der Roosevelt but that if so the democrats ts cant can't help it any more than the republicans could help from having a depression because it is all capitalism Great logic that I Mr Hillquit published a book on Socialism He denounces communism com com- com I and then proceeds to outline outline out out- out out-I line a socialist platform that has hasa a positive c objective goal of corn com com I Norman Thomas the late candidate for the presidency on the Socialist ticket says that communism Is the final objective of Socialism If a socialist is not really a communist in principle then he is not a socialist at all Socialism is Marxian Socialism I Lf it is less that that it should be called by another name Because Because Be Be- I Be-I cause anything less than communism communism communism ism is capitalism Socialism aims to prevent profits rents and inter inter- est That is communism pure and simple And If profits rents and interest is tolerated at all then it is capitalism and not socialism Morris Hillquit not only contradicts contradicts contra contra- diets Norman Thomas late socialist social social- 1st candidate for the presidency but also contradicts himself The socialists fail to recognize that weare we I Iare of evolution evolution t are in the throes eVOlUtiOn 1 revolution Debate and discussion discussion discussion discus discus- sion is the forum of evolution That is at least a two-party two con con- Communism is only a con I one- one party affair We Ve tion We Ve done want it But we weare we weare I Iare are going to into better better times I i |
