Press Release, Speech of Judge Harry S. Truman

DÉMOCRATIC CITY CAMPAIGN HEADQUARTERS Twolfth and Olive Streets. Release: Wednesday Nite- Oct. 31,1934. SPEECH OF : JUDGE HARRY S. TRUMAN "NATIONAL AND RECORDS SERVICE The effect of added farm buying power is being felt all over the agricultural Middle West. In Hansas City and in 3t. Louis and other Missouri cities, where the great sums spent by farmers and in farm communities finally center, tiere is abundant evidence that if the Democratic national administration is able to bring agriculture to a parity with industry, the depression will be at an end. If we maintein this parity, we shall never have enother depression of any magnitude. I em amazed that Senator Roscoe C. Patterson my Republican opponent, and such reactionary Republienns as former Senator Jemes E. Watson, can still rant about rais ing the tariff when they can see the evil effects in the depression of the Hawley-Smoot high tariff law. It brought about a jug-handled economic condition. I em presuming of course that Senator Patterson in his speeches and former Senator Watson in his interviews here are talking about increasing only industrial tariffs. Nei ther was ever eager to aid the farmer and I do not think that presumption is out of line. The fact that the former has two billion dollars more to spend this year than last; that his mortgage si tuation has been eased; that he has been able to get seed end stock loans; that his live stock has been eut down to his feed supplies, has put a new face on agriculture. The better position of the farm from these many angles, brought about by the relief measures originating with Presi dent Roosevelt, should be an object lesson to the high tariff advocates. Tha t lesson should be that it is impossible to sow the seeds of favoritism toward one basic industry to the detriment of the only other remaining basic industry without harvesting the weeds of depression. -1-