Show I HITS DE DEMOCRATS I Dear Editor There has been mention by our Democratic friends during tl this is campaign to the evils of the Smoot-Hawley Smoot tariff bill It has been repeatedly asserted I II I that this measure has been directly direct- direct lly Ily ly responsible for lor the economic 1118 ills of the world today and some of our Democratic friends would lead us to believe that this is the I primary cause of f our lack o of foreign foreign foreign for for- eign trade today In I wish to call your attention to the fact that this ar arI argument argument ar ar- ar I is misleading irrelevant and has no foundation in fact I II would like to call to tho the attention I of our misguided friends of the Democratic faith that as a matter of fact we have no tariff barriers at all when the question of monetary monetary monetary mone mone- tary exchange is taken into con con- For example we will wUl take the English Pound Sterling whose normal value under the gold gol l standard was American money and which now due t to the unstable economic condition of Europe has an exchange value of only In Inn other words it Isnow is isnow isnow now now possible to tJ purchase ase English made goods which formerly cost costus us one pound or In American money including freight and import duty for the greatly re reduced reduced reduced re- re price of only Where is the so-called so Tariff Barrier As a more concrete example example example ex ex- ex- ex ample we will take talce a a. piece of merchandise merchandise mer mer- chandise which based on American American Ameri Amen can costs of labor costs us to manufacture disregarding the cost of the raw I material 1 and figuring fig fig- figuring figuring labor Jabor costs only This same piece of merchandise e based on on European cost of labor is only we will assume As a a. matter matter matter mat mat- ter of fact there is a n. greater discrepancy dis- dis discrepancy discrepancy dis dis- crep-ancy crep between European wage scales and that of America But assuming there is only one do dollar difference we place an Impost duty of plus ten p per r cent for profit which profit which our Democratic f friends ends decry decry and and we thereby bring the cost of this merchandise up to a level wit with our American product or Now to purchase this English made article we purchase purchase purchase pur pur- chase a draft from our local bank made payable at some bank In Liverpool and Lo we find that in American coin we have to pay only allowing for the per cent depre depreciation latIon in English currency Again I say Bay where is the impregnable tariff barrier I 1 will admit that the discrepancy in our money values makes it e exceedingly exceedingly exceed exceed- difficult for fOI us to sell our merchandise in Europe but that thatis is purely a monetary question andIs and andIs andis is not in any way connected with the Smoot-Hawley Smoot bill It is a question that has haa to be solved I 1 grant you and even at this time while Franklin D. D Roosevelt is flitting abo about t the country like Uke an enthusiastic school boy appealing to the prejudices of the masses with high sounding Bounding phrases and personality plus the question is already being solved under the able leadership of of Herbert er ere An Economic Conference has ead al-ead already been proposed to consid consid- consider er these very essential problems While Roosevelt has been rushing about the country d dealing In political pol political pol- pol trap claptrap clap trap making vapid promises Impossible of ot fulfillment and attempting to undermine and nullify the efforts of our administration adminis adminis- administration to meet the problems of the day the skipper of or our Ship of State has kept his hand steady teady on the helm and Is s steering us safely through the shoals of national national national na na- na- na disaster Quoting from Elbert Elbert Elbert El- El bert Hubbard It uIt takes talent to lure from wood and strings the dulcet tones of Spring Song but any square head can slam the into discordant clamor of and complaint It is high time the people of this nation awakened to the fact that in our hour of distress a a. great leader has arisen a man of destiny destiny destiny des des- tiny and any sound thinking and reasoning mortal who has fol followed followed followed fol- fol lowed the daily dally papers or listened to the vain puerile and arid bombastic utterances of Franklin Delano Roosevelt during the past two weeks cannot help but realize that he Is not and never can be a leader lead lead- e er of that type E. E W. W CROCKER |