Cleveland, 0., Nov. 17.
Josephus Datiiels,- former Secret ary of the Navy during the Wilson administration, in a speech before the City Club here, declared that "now that all, the little sheep have! been shorn in a $36,000,000,000 stock crash, President Hoover calls upon the business men of the nation to stabilize the market for the Rockefellers, the Mellons and such people! who bought in near the low point.
"It is important that the market, be settled now," he continued ironically. "It was not so, important before.
"Meanwhile Secretary Mellon. offers a one-cent tax reduction is bit toward making. up for the millions lost. by the little fellows."
Mr. Daniels struck at the present trend toward mergers, especially the field of utilities, declaring that the power trust is the country's greatest: present danger.
He flayed the "big navy" advo-ates' and praised former President! William Howard Taft, Mr. Newton Baker, former Secretary of "War, and the late 'Mr. Theodore: Burton] for their part in. furthering the equse of world' poate, 2 the' former Secretary" declared that despite the protest vote rolled tup against ex-Governor A..L. Smith in the last Presidential election, the thereby begun to put into effect the: provisions of the Protocol as. agproved by this House."
Text read from the printed page and cleaned; old type leaves the occasional error.