Reading Eagle (October 4, 1940)
WALLACE HITS G.O.P. PLANS
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Federal Money Must Help Cut Depression, Candidate Says
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Helena, Mont., Oct 4 (AP) –
Henry A. Wallace, campaigning in the Northern Great Plains, told Montana audiences the Democratic administration is committed to the policy of pouring money “into Main Street and onto the farms.”
The Democratic nominee for Vice President moved into the Dakotas today after an eastward swing across Montana. He was unable to hold a scheduled conference yesterday with Edward J. Flynn, Democratic National Chairman, because weather conditions prevented Flynn’s private plane from landing in Missoula, Mont., and the New Yorker continued west to Spokane.
Wallace, in a radio address late yesterday at Helena, Mont., declared the Republican charges that Democrats poured money “down rat holes” was "strange talk from a party that made no effort to keep the people’s money from being poured into Wall Street before 1929.
Used For Good Purpose
As compared with Wall Street, is Montana a rat hole?
Has the $385,000,000 that we spent or loaned here been thrown away? You know that it has not…
Instead of pouring money into Wall Street, the policy of the Roosevelt administration is to pour it into Main Street and onto the farms, where it will fertilize the soil, from which all true prosperity grows.
Earlier, at Missoula, Mont., Wallace had declared that "if federal money had not come into Montana we can imagine what would have happened to business, agriculture and industry in the state.
Leaving his private railroad car at Helena, Wallace drove to Butte, Mont., and spoke briefly with a group of miners at a mine yard on the outskirts of the copper mining city.
Wallace then made a brief address from the courthouse steps at Butte. He asserted that President Roosevelt is the one man who can prepare the nation’s defenses and also cope with the problems that will arise “when peace comes to the world and men lose their jobs in armament factories.”