On the anvil of public controversy President Hoover and Speaker Garner last week hammered out a red-hot campaign issue on Unemployment Relief. The issue: How far should the Federal Government go to take up the burden of private debt?
President Hoover would limit such relief to banks, railroads, states, public corporations. Speaker Garner would extend Federal credit down through industry and private corporations to Governor Roosevelt's famed "forgotten man." Both relief theories are based on the same assumption, namely, that debtors are to be tided over until prices rise to restore solvency. Without...
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