Having soberly pondered ever since election, the only living ex-President last week offered in the Atlantic Monthly some words of political wisdom. Excerpts fron Herbert Hoover on ''The Crisis and the Political Parties":
¶ ''Most public men fight for re-election to office only because they are not quiters. If the voters are good enough to relieve them, there comes in time a great sense of gratitude for freedom and a determination to hold on to that blessed state And this state develops objectivity. . . .'
¶ "The first political party in the U. S in its Declaration adopted as part...