Kankakee Valley Post, Volume 1, Number 10, DeMotte, Jasper County, 29 September 1932 — ROOSEVELT SHOULD PRACTICE WHAT HE IS NOW PREACHING [ARTICLE]

ROOSEVELT SHOULD PRACTICE WHAT HE IS NOW PREACHING

A challenge to Franklin D. Roosevelt to practice, as governor of New York, what he preaches as Democratic candidate for President of the United States, has been hurled at the Democratic standard-bearer by Secretary of War Patrick J. Hurley. Roosevelt has particularly sought to impress the Mid-West and West, Hurley declares, with what he would do to regulate and reform the New York Stock exchange in event he is elected President. “Fine,” says Hurley. “But why wait? Why not do it now? “The governor favors the reform of the stock exchange,” Hurley explains. “The stock exchange is an institution existing under the laws of the state of New York. “There is no doubt but what abuses have existed in the operation of that exchange. There is no doubt but that there were organized bear raids detrimental to the welfare of the pub“But what has the governor of New York done to remedy this situation during the long period in which he has had the power to act? “Governor Roosevelt now suggests federal control and publicity for the sale of securities. Why has not the governor inaugurated these reforms during his incumbency as chief executive of the state of New York? The control of the sale of these securities and the conditions under which they may be sold or not sold is now in the state of New York. “The governor did not suggest reforms until he became a candidate for the Presidency. New York has the laws, but as governor he has not enforced them. Why hasn’t he acted?”