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OCR Page 1 of 15to
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RECORDS
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 Jefferson
and Alexander Hamilton typified them at the start of the Federal
Government, Andrew Jackson and the United States Bank proponents
represented these two lines of thought in the 1830's, Theodore
Roosevelt and Mark Hanna -- Woodrow Wilson and Boise Penrose in our
own times. Today we have Franklin D. Roosevelt and Herbert Hoover.
The Hamiltonian theory of Government is that there ought to
be a governing class in Hamilton's time consisting of the great
land owners and the big shipping interests -- in our time repre-
sented by big business and the financial wizards of this country.
The members of the Liberty League represent fairly well the
special privilege theory of government.
Theodore
Jefferson, Jackson, Teday Roosevelt and Abraham Lincoln
believed that the Government actually belongs to the people, as
the Declaration of Independence states. Franklin D. Roosevelt
believes with Jefferson and those other great Presidents that the
Government is for the benefit of every one, and not ofton a favored
few.
From 1920 to 1932 the Hamiltonians had charge of the Govern-
ment at Washington. They ran it to their hearts' content by and
for special privilege. They used the power of government to make
the rich richer and the poor poorer. They exploited the farmer,
the small business man and the laborer to the extreme limit. They
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