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Show 00 HOOVER WARNS UNfflMATES Socialism Abroad Bankrupting Itself and America Must Not Plunge Into Miseries. NEW YORK. Sept 16. Two "dominant "domi-nant convictions' in the mind of Her-J Her-J bert Hoover after his five years' service ser-vice abroad, are (hat Socialism is I "bankrupting itself" and that America i must not abandon its moral leadership leader-ship in restoring order in the world (nor permit itself to be used for "experiment "ex-periment in social diseases" ' In an address al a dinner tonight of I (he American Institute of Mining and I Metallurgical Engineers, at which he w'as lee guest of honor, he declared ithat the philosophv of the Lenines ind Trotzks was destroying itself : from a startling quarter in the tx-t tx-t inordinary lowering of productivity of industrial commodities to a point below the necessity for continued existence ex-istence of their millions of people " I Referring to the revolution in Russia I he said : ' Although Socialism has now proved itself with rlvera of blood and suffer , inc to be an economic and spiritual j fallacy and to have wrecked itself ou :he rock of production I believe it was necessary for the world to have had this demonstration. It k not neceB; rary, however, that we of the United -tates, now that we have witnessed these results need plunge our own population pop-ulation into th.-e miseries and into ? laboratory for experiment in foreign social diseases. , "The paramount business of ever) I American today is this business ol finding a solution to these issues, lui tnis solution must be found by Americans, Ameri-cans, in a practical American way, based upon American ideas, an Aruiri-can Aruiri-can philosophy of life A definite! American substitute Is needed for these disintcRratlnc theories of Eu- j rope, It must be founded on our national na-tional instincts and upon the normal development of our national institution." |