ANOTHER HOOVER VETO

Hawera Star, Volume L, 5 March 1931, Page 5

ANOTHER HOOVER VETO

REPUBLICAN BILL QUASHED SENATE SUPPORTS PRESIDENT. STATE BUSINESS MEASURE. (United Press Association —By Electric Telegraph Copyright.) WASHINGTON, March 3. President Hoover added another to his increasing list of vetoes of important Republican Party measures when he returned to-day to Congress, without approval, a measure for the Government operation of a hydro-electric and nitrate fertiliser project in. Alabama, which was begun as a war measure. _ The President, condemning the principle of Government in business, accompanied the- veto with a lengthy and minute analysis of the engineering and cost factors involved. He pointed out that the undertaking required an outla." of 327,000,000 dollars, of which 100.000,000 would be required from the Treasury immediately. The entire enterprise would entail approximately a 2,000,000 dollar annual loss. He concluded: “I am firmly opposed to the Government entering any business, the purpose of which is to enter into competition with our citizens. It is a negation of the ideals on which our civilisation is placed. “I hesitate to contemplate the future ,if our institutions, our Government and our country if the preoccupation o± its officials be no longer the promotion of 'usticC; equality and opportunity, but ■ bcjGWotod to barter in markets. 1 hat YT not Liberalism—it is degeneration. The legislation was killed when the Senate failed to obtain the requisite majority to over-ride the veto at a late night, session. The vote was: To override. 49; to sustain, 34.