xt7wwp9t2q46_91 https://exploreuk.uky.edu/dips/xt7wwp9t2q46/data/mets.xml https://exploreuk.uky.edu/dips/xt7wwp9t2q46/data/59m61.dao.xml American Liberty League 37 linear feet archival material English University of Kentucky This digital resource may be freely searched and displayed.  Permission must be received for subsequent distribution in print or electronically.  Physical rights are retained by the owning repository.  Copyright is retained in accordance with U. S. copyright laws.  For information about permissions to reproduce or publish, contact the Special Collections Research Center. Jouett Shouse Collection (American Liberty League Pamphlets), No. 94 "Time To Stop" Speech of Dr. Neil Carothers, Director, College of Business Administration, Lehigh University at the American Liberty League Dinner, January 25, 1936 text No. 94 "Time To Stop" Speech of Dr. Neil Carothers, Director, College of Business Administration, Lehigh University at the American Liberty League Dinner, January 25, 1936 2013 https://exploreuk.uky.edu/dips/xt7wwp9t2q46/data/59m61/59m61_94/Am_Lib_Leag_94_001/Am_Lib_Leag_94_001.pdf section false xt7wwp9t2q46_91 xt7wwp9t2q46 AN INVITATION TO JOIN THE §
AMERICAN LIBERTY LEAGUE E * *
: •
  Tune To Stop
We extend to every American citizen who believes in Q
the fundamental principles which gave birth to the Q
Constitution of the United States an invitation to be-  
come a member of the American Liberty League. E A
You may indicate your acceptance of this invitation Q * * *
by filling in the necessary information as to your name Q
and address on the enrollment blank below and mailing Q
it to American Liberty League, National Press Building, §
Washington, D. C. E
_ _ : Speech of [
There are no fees or dues. If you are willing and able Q
to give monetary help for the League’s support your Q V
contribution will be appreciated, as our activities are Q DR' NEIL CAROTHERS
r d t` 1 b th 1 t 'ft f E _ _
;1;§;1;_ cn mi Y Y e V0 lm my gl S 0 our   .D1rector, College of Business
  Administration, Lehigh University
ENROLLMENT BLANK   and Member, National Advisory s
  Council of the
Date 5 _ _ ’
5 American Liberty League
I favor the principles and purposes of the American Q
Liberty League and request that I be enrolled as a § *
regular E _ _
*c0mributing m°mb°*'·   _ American Liberty League Dinner
_   Washington, D. C.
Signature 5
  January 25, 1936
Name (Mr. Mrs. Miss) C §
E  
E Street g Q vyb 44’
S" Town Q to   ‘ 0
5 '?'v W"
County State g
*As a contributing member I desire to give $ § AMERIQAN LIBERTY LEAQUE
to help support the activities of the League: Cash here- g National Headquarters `
with Installments foll ws E NATIONAL PRESS BUILDING
as o : : ~
  WASHINGTON, D. C.
    ir ·k
E Document No. 94· L

 i Time To Stop
*
I FACE you tonight with an acute conscious-
ness of the fact that I am the only economist on
s your program. A vain man might construe that
to mean that when he had finished there would
be nothing more to be said about our economic
situation. But a wiser man would construe it to
mean that in these distressful days one econ-
omist is all any audience can stand. With that
gloomy interpretation before me it behooves
me to be brief.
p   It also behooves me to confine myself to eco-
“ nomics. Of my distinguished colleagues on this
program one is a great jurist, Judge Dawson. I
¤ shall, therefore, like other men beset by emer-
I gency, make every effort to evade the Constitu-
  HEN you have finished with thi; tion. Another of my distinguished colleagues is
. a great statesman, the Hon. Alfred E. Smith. I
pamphlet please pass tt on to some _ _ _
shall, therefore, try to evade the political issue,
friend or acquaintwwe who might be even though I am, like other citizens, becoming
interested, calling his attention to the dimly conscious of the fact that there is to be an
membership blank on page 12, clcctmu m 1936
BUT before I undertake to discuss brieiiy our
t l economic situation, I want to say a word about
the Liberty League. It is not an easy thing to
oppose one’s government. It is not an agree-
_ able task to oppose intrenched power, when that
intrenched power is armed with every instru-
I ment of propaganda, is hypocritically callous to
- its own mistakes, is arrogantly hostile to all
criticism, and is savagely determined to silence
all opposition. The opponents of such in-
trenched power must expect to endure the im-
_ c putation of false motives and the defamation of
personal character. Any opposition to in-
4 trenched power appears to be in any language,
Italian, German, Russian, or even English, a A
gang. The opposition was a gang when it was
4 merely a tiny handful of thoughtful men, with
courage enough to protest unwise measures. In
. I the beginning it was a slender David, armed
3

 entv with truth- °PPestng amishty Genetns rn' I synonymous things. It is well for the nation
toxicated with power and armed with control that somebody Should ba caacamad about Pt,0P_
et the PeePte’s rneneY· Anu Devtu wes e geng· erty when we have a government whose policies
The ePPesttten is Still e gang when tt new rn' for three years have been directed toward its
etuues en ¤v¤¤~*h<¢1mi¤s rnelerttv et the euit0' destruction. As a student of history I have
rtet wisdom of the ¤¤¤¤try» en everwnetnnng observed that when people are contemptuous of
majority of economic understanding, an over- pmpartyt it is always the Property of other
Wnetrntng rnelerttv vf business tnen• large enu people. And in all history there are none so
srnettv thc judsmcat of the Sultreme Ceurt- and, recklessly contemptuous of property as those
according to that mterestmg journal the Liter- who ara auppartad by taxat an the Property of
ary Digesn sense 63 per eent of the PePutetten others and contribute nothing to its production.
as a whole, even including the twenty odd mil- It has bean Charged that tha League t_ttPt,tt_
ttens rscciving gevernrnent 1¤rs¤¤¤ tn setertes er sents big business. The charge is untrue, but if
tn relief- It is getting tv be quite e geng· it were true it would not reflect on the League.
4 In our economic system business is the source of
MEN do not lightly undertake to oppose such th; Hm;6 liwmg Ot th; pF0Il;tc’ of the wages of
a government. They must be moved by a strong tittotitttg t cgergt 00 ti clot u;g’ and Btltitcr af
conviction that their cause is just. The Liberty ( ation Ofotltttttttgtt tig; if Y mit tzlcccss t. Oper-
League was called into being by such a convic- Ot, out civilization and thcpmt t C C0? muaucc
tion. Three years ago the whole nation, in the tttttmttttt It it ht tt time ihctitls ence E  r go;.
fell grip of a prolonged and tragic depression, Hvttt ftttttt tttttttttgtt Ott tt tt men W Otttv? so t
looked with universal hope toward a new gov- tttttkt on the ttttttttttttmt tltlttttmss lgcasc .813.at-
ernment. No government of this nation ever tion possible ma C our CWI 12a`
halt greater msponslblhucs or grcjttcr Oppor- It has been charged that the League is indif-
tun1t1es. The first measures of this new gov- ftttttttt to tht tmttu btttttttttt matt I tt .t t t
ernment were measures of confiscation and tttttttk ill Ot. tht dttttd but I tt ` t cz at; 0
breach of obligation, measures of destruction of tttctt to tht N R At ’ Th t 1 imto avoid rc cr-
vital institutions, measures of hysterical inter- t t ° ° t a_ a C- amcmc _ guar-
ference with the processes of recovery from mt cc 0 a new cm 0 llliwcrsal pmspcuty rc-
dttpttttttottt m1ndst me of the definition of atfugue, as a
M t , t but tttttct at complicated musical performance 1n which the
,   pm cssmu ,1.0tvm upon pu P P theme keeps coming in and the audience kee s
t1on in controversial 1ssues. I deplored the pros- . t Th N RA um tt d Pd
pect of such participation. But I deplored even §t?;I;it;; tmtt_ch;ttt' dttrm tt ave utgtroyc
more governmental policies that retarded re- when the Ltbttt Egattuttc alia tttntitnt actumh
covery and sapped away at the foundations of bttd Ot tutomtttt ttm Bite Ea li tt wa Ealttttftus
the economic life of the people. And I saw in tot tht little mgm in bttttmtti ’It as gt tag
the Liberty League the one organization with L.b t L th   Jwas no c
the courage, the independence, the resources, 1 cr Y. eflgtw at put a cw crscy Pants-
and the nonpartisan character essential to com- Presser m Jai `
bat these unsound policies. ¤
IT HAS been charged that the League is hostile
‘ to labor. I have been an impartial critic of the
IT HAS been energeu tnet the Ltnertv League · League’s stand on economic issues, and I know
ts interested in PrePertY· It is e setuterv tntng no instance where its position has been against
it this ts se- PrePertY snu human wettere ere i the interests of American labor. It has fought
4 s

 and will no doubt continue to fight selfish For three years we have had government by
minorities of labor attempting to force a pliant experiment, the nation’s economic life at the
government to pass some such suicidal measure mercy of a motley crew of ever shifting, itiner-
as the thirty-hour week. In opposing such ant advisers, whose movements resemble those
measures the League is fighting the cause of the of people going through a hotel revolving-door.
real forgotten men and women of this nation, For three years the people have had to read the
the unorganized and politically helpless millions papers every morning to find out whether hitch-
for whom this government has done absolutely hiking back-seat drivers were guiding the car of
nothing in three years, the domestic servants in state to the right side of the road or to the left,
the homes, the farm laborers in the fields, and the machine careening from onelside of the road
the workers in professional lines. In its relent· to the other. Three years ago the visionary
less iight against debasement of the currency plans of these amateur planners were forced
the League has been the friend of all labor, upon the country under the pretext of emer-
more especially of those helpless victims of in- gency. And three years later there is still an
flation, the forty million working people whose   emergency. There is a new emergency every
life-savings are in small savings accounts and l time the Supreme Court reports to the people.
small life-insurance policies. And in its unceas- I And as these plans have failed, one after
ing war on the A.A.A. the Liberty League has   another, the only justification ofered for them
been fighting a battle for the standard of living has been that of the man who was asked why he
of the American people. jumped through the plate-glass window and
It has been charged that the League is a replied that it looked like a good idea at the
partisan organization fighting the administra- time. A
tion. As I see the matter, the League is not
fighting men but measures. It has not'opposed IT IS grim testimony to the Strength of our p
all the measures of the present administration. economic system and thc truth of economic law
it has Opposed only those tlmt are unsound H that recovery has come despite these experi-
It has hapP°nBd’ uuhappllm that nearly an ments. Recovery of business began with the
these measures have been unsound, that does collapse of N•R·A• NOW that the A.A.A. has
not reflect on the League. On the contrary. collapsed, W6 may expect Prosperity in agri cu1_
ture. But even now recovery is jeopardized by
SO l esteem lt e privilege lienlglit tc appear certain conditions that may make it feverish or
hcfcre yeu at this Simple. medeels ¤0¤Pe1'lilBe¤ morbid or partial. We have no recognizable or
$5 dinner. which might apprcpriaiely he called identifiable money system. What we have is an
a tax-paycr¤’ dinner- And aa an eccncmiat l indescribable hash of sterile gold, dishonored
bring yell 8 llete cf elleerelempered hy 3 wcrd silver, and irredeemable paper. Our banks are
cf Warning- Re°°Ve1`Y ie Still cn the Wey· Re' gorged to suffocation with government bonds.
tarded hy the N·R·A·s ellelrueled by the A·A·A·» i Our Treasury is burdened by an endless series
discouraged by the attacks OH lIlVeSlZ1I1eDi, of ever-mounting deficits. Our fiscal policy re-
b¤1'¢le11e¢l hy the weight cf texatlells frightened minds one of the Irish policeman’s testimony at
by the debasement of the currency, and terror- . the inquest that the driver “approached the
ized by the squandering of public money, coroner at sivinty miles an hour." Woliish
1‘e¢0Ve1‘y 110116 the less gl-‘0We apace. lneyllielely ( minorities bent on extorting special privilege
, and relentlessly, because of the laws of eco- 4, from n enpine government menace the future.
nomics. It has been retarded by government Those i1l.fnvo;·ed quiutupletg, paper-qnoney in-
action, but it has not been Stopped. flation, the iniiationary bonus, the thirty-hour
6 7

 week, the Townsend plan, and the Douglas social Sewing and stmc °m?rPriS° md mstrict Pr°du°'
credit scheme, are the natural and inevitable mm and wait? °°P1t°1‘ Thcli °°jm°t bc pm' A
Offspring of a government that for three years moted by POIICICS that undermmeomdependence
V has been willing to try anything 0ncc_ and self-reliance and self-respect 1n the people.
But we Shall Survive an these menacew It is Such policies were old in history in the days of
not too late to stop. We are not yet doomed to the br°ad`°nd`°ir°Eu?°S rulers °f R°m°' In all
go Over thc dam_ The People are growing weary history. such pol1·c1es have led to decay, to
of economic _mi1,ac1cS that do not Work. A long revolution, or to d1ctatorsh1ps. I do not believe
time ago that brilliant satirist, Dean Swift, de- that the Am“”°‘f'{ P"°P1° wlll sugar a °°mmu`
scribed a man as having spent eight years in a ance °f Such P°h°1°s°
project to extract sunbeams from- cucumbers.
Three years is enough for the American people. g
, They will not long support a government, what-
ever its objectives, when its only program is ex-
periment, its only policy is expediency, and its if
only philosophy is opportunism. Fundamen-
tally the American people realize that a promise
is something to be kept, that a contract is some- A :
thing to be fulfilled, that an obligation is some- I
thing to be honored. I I
IN COMMON with all decent citizens I want to
see a better life for the American people. I
want to see a better living for the ordinary
citizen, a better opportunity for the ordinary
man. I want to see a reduction in hard labor
and in privation. I want to see an end to
poverty and insecurity in this land. I do not
believe that these wistful ideals of man’s hopes
through the ages are unattainable. If I thought
that these objectives would be promoted by de-
basing the currency or sharing the wealth or
passing the Townsend lunacy, I should face you _
tonight and urge them upon you with the I
fervor of an ·Elmer Thomas or a Dr. Town-
send. But I gknow that these precious ob-
jectives of a better life in America can be
attained only by larger production and in- ‘
creased investment and greater saving and hard
work and frugal living and intelligent govern- »
ment. They cannot be attained by waste and
debasement and destruction and scarcity. They
cannot be attained by economic juggling and s
industrial terrorism and class legislation. They ‘
cannot be promoted by policies that discourage A
8 9

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H (conrmuan)
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COPIES of the following pamphlets Trgooijéjiaa Y°m`S—SP°"’°h by Nicholas
aud ether League literature may be A Legislation——By Coercion or Constitution-
obtained upon application to the Thsptiaeh ar Jauattf igteuae S h b
League°s national headquarters. ~ Igitzlgzgzlijimlgzil 0 o Cm0cmcy—_ peec y
Statement of Principles and Purposes Tire Splgt (gu{emen°an]Sm_Sp°e°h by Wil'
American Liberty League——Its Platform L Thum&, t' r EIT hi _S h b D
The _$4:880,000,000 Emergency Relief Appro- gurl li; zckeirgzzns P pew y can
pmmon Act Today’s Lessons for Tomorrow—Speech by
Tha Bonus Ca tain William H Sta ton
Innatilm J "Brel1)thin S ells”——S-eecll, b Iouett Shouse
Tha Thirty Hear Week Bm l The Dut; li the Llziwyer in the Present
The Eeldieg Company _Bm   Crisis——Speech by Iames M. Beck
gee Bguuilmius Ceel Btu W The Constitutiondand the Supreme Court-
rice on ro 5 h b B B
The Labor Relatiaua Bill Th:el¥cono}mic0rN;,eess;'yT in the Southern
The F¤1‘m8l‘S° HOIHG Bill States for a Return to the Constitution-
The TVA Amendments ‘ Speech by Forney Johnston
The Supreme Court and the New Deal The National Lawyers Committee of the
The Revised AAA Amendments American Liberty League——Speech by
The President’s Tax Program Ethan   H- Sl{ePle1Y _
Expanding Bureaucracy Our Growing NKIIOHHI Debt and Inflat1on—
Lawmoking by Executive Order I gpeeeh by §r;1Ei3 W- Kemgterer
New Deal Laws in Federal Courts U atfeu AS 3 uSme$S_ Peeeh by D7'-
Potato Control ` Tljveé Cilrglhel; f h C , , 1
Caatamae =·=·A the AAA iioois '§31§”'“$€ ‘i iii. $?.$"‘“"°“"
Budget Pmspccts Arousin (lisa Pre,judicee—S etch bw Jouett
Dangerous Experimentation Shousi p y
E°°n°mic Phmning"MiStak°n Bat Not New The Fallacies and Dangers of the Townsend
Work Relief Plan——Speech by Dr. Walter E. Spahr
The AAA and Our Form of Government. What of 1936?—Speech by Iames P. Warburg
Atggagxea ta the American Ferm at Gel" Americanism at the Crossroads-——Speech by
R. E. D `
A Program for Congress The Constitiigbriiuhlid the New Deal—Speech
The 1937 Budget by James M. Carson
Prefeaaera aud the New Deal · The American Constitution——Whose Herit-
The President Wants More Power (leaflet) age?—-—Speech by Frederick H. Stinchfield
The National Labor Relations Act—Summary The American Form of Government—Let Us
of Conclusions from Report of the National Preserve It—Speech by Albert C. Ritchie r
S Lew0’e€';h_C§m'1[”i§tee A The Redistribution of Power—Speech by
traws 10 e ] h W_ D ‘
An Opez Letter to the President—By Dr. Neil   0 n ams
Carot ers ~
How to Meet the Issue-—Speech by W. E.
Borah
The Duty of the Church to the Social Order-- L
Speech by S. Wells Utley
The American Bar—The Trustee of Amer-
ican Institutions-Speech by Albert C.
Ritchie