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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 21, 1932
Page
4
The text argues that constructive criticism is needed to build, urging removal of misguided Republican leadership and claiming they misunderstand the current forces, as it continues from page one.
Roosevelt denounces Hoover era policies as fueling a vast speculative boom and delaying necessary readjustments. He cites misstatements, tariff choices, and behind the scenes pressures, arguing government cannot shield business from truth and urging new regulatory measures and open dealing.
In Washington on August 20, Democratic and insurgent readers welcomed Franklin D Roosevelt's economic focus as Hoover's prohibition stance receded. Roosevelt's reply signals a bid to wage the race on economic issues, with party leaders hoping to limit campaign topics to banking, market manipulation, stock promotion, and bond flotation to win the November electorate.
Senator Brookhart of Iowa praised Franklin D Roosevelt after his Columbus speech. Brookhart commended the Democratic nominee for attacking the speculation and crash of 1929 calling Roosevelt’s address in line with his own long standing criticisms.
Guard vessels patrol the Maine and New Hampshire coasts in a wide search for the auxiliary yacht Caribou missing on a Salem Massachusetts cruise. Lieutenant Commander H F Dennett retired, his wife, and their two sons are aboard, prompting ordered coast guard action. The incident has stirred public confidence concerns in executive actions.
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