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The New Zealand Railways Magazine, Volume 7, Issue 3 (July 1, 1932)

Fight for Standards

Fight for Standards.

One thing that the Republicans have to live down is the 1928 cry of “Vote for Hoover and Prosperity.” That Prosperity talk had done duty in other elections, but in 1929 Depression knocked at Wall Street's door, and how all America's overhead is to be got rid of without further sacrifices may well puzzle a people who set out to collect debts by means of tariffing-out goods and half-cornering gold. One gleam of hope is the predicted rise in wheat; if it happens the Republican campaigners will reach out hard for that life-buoy. But American advices state that the boast of maintaining wages is now no longer heard, the unemployed having reached twelve millions. On 31st May President Hoover dramatically appeared before the Senate page 11 to plead for a balanced Budget, the dollar being at a serious discount for the first time for half a century.