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OCR Page 1 of 9Speech of Senator Harry S. Truman
Topeka Kansas, Oct. 21, 1936, 8:00 pm
For release when delivered.
C5° TRUMAN NARA
COPY
I am going to review for your consideration some of the legislation
of the last two Congresses and remind you of the things the National Adminstration
has done for the country.
There are two distinct lines of thought in this country as regards
government, and there have been those two theories ever since the organization
of the Republic in 1789. Thomas Heffersón and Alexander Hamilton typified
thema at the staft of the Federal Government, Andrew Jackson and John C. Calhoun
represented these two lines of thought in the 1830's. Theodore Toosevelt and
Bóise Penrose -- Woodrow Wilson and Henry Cabet Lodge, in our own times. Now
we have Franklin D. Roosevelt and the Liberty League, represented by Mr. Hoover
Al Smith, the Du Ponts, Morgans, and Rockefellers.
The Hamiltonian-Al Smith line of thought is that there ought to be a governing
class -- in Hamilton's time consisting of the big land owners and big ship owners
-- in our time represented by big business and the financial wizards of this country.
Jefferson, Jackson, Teddy Roosevelt, Wilson and our own Franklin Roosevelt bel-
ieve that the Government actuallu belongs to the people, as the Declaration of Indep-
endence states and the Constitutions provides.
From 1920 to 1932 the Hamiltonians had charge of the Federal Government.
They
ran
it
to
their
hearts'
cotent
by
and
for
special
privilege.
They
used
the
power
of
government
to
make
the
rich
richer
and
the
poor
poorer.
They
exploited
the
farmer
and the laborer to the extreme limit. They legislated the country out of its for-
eign trade, they wildly lent your money to South America and to Europ, they gamble
with your savings by every means, legal and otherwise.
Then came the crash. Banks began to fail; farm prices collapsed; factories
closed because of no markets, foreign or at home, and the people to the number of
some thirteen million were walking the streets and riding the empty freight trains
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