Mr. Hoover said that America might not survive another war. "We might emerge from any such struggle as a despotism ourselves," he said. "With the recent peace-time increase of the national debt, we couldn't finance such a war without inflation."
The former President denounced treaty breaking and urged that the United States uphold the Kellogg Pact and the inviolability of the Monroe Doctrine.
"Mr. Hoover chastised the proposed Ludlow War Referendum bill declaring it was a dangerous proposal in days "when even the courtesy of an advance declaration of war seems obsolete."
Americans are entitled to travel and trade abroad without interference and we protect the lives of our citizens except when they act recklessly, Mr. Hoover insisted.
..We have hitherto included the Philippines in our lines of offence," he recalled.—"While we should give them every friendly office, they have made a decision for themselves and there is to-day no moral publication or national need upon the American people to stand either this expense or incur this danger.
"Our policies and naval strength should be aligned with this fact."
Mr. r summarized Philippine We should not confuse work relief with building battle-ide United Press Britain's Millionaires London, Jan. 16.
Statistical returns for.insome tax for the financial year 1935/6, just, published, show thet the number of millionaires in Britain has risen to 334.
Persons having annual incomes of £50,000 or more are included in the category of millionaires. Of these, 180 persons are stated
Text read from the printed page and cleaned; old type leaves the occasional error.