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Speech 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