| Show I RECIPROCITY MUST MUST NOT BE PERMITTED TO ENDANGER OUR HOME INDUSTRIES I There e te I auS in 1 our r present b stia as a a national pel pol p polIcy icy THe at requisite to o our r prosper prosperity ity ly te is l the U continuity ansi and stability of this economic tl policy Nothing could col be bemore more unwise then than t to t disturb the heal busi business b ness flees ne interests of the th country by b any general ne tariff rf change at this thi time Doubt apprehension uncertainty are exactly ext what wh we most 0 wish w to avoid av 1 in inthe inthe inthe the of our commercial and ma material Gr o er a ter I Our experience ep in inthe inthe the th past has ha shown that sweeping aen re ye rev v visions of o the tariff tf are a apt to t produce conditions closely c approaching panic plc in inthe 4 the th b world wol t Yet it is I not B only possible W but bt em eminently e eminently desirable rb to combine with the stability of our or economic system a supplementary system of ot reciprocal benefit and a nd obligation with other er na ma nations n tione ton Such Sch reciprocity w is i z incident incidental and ald al d result lt of the firm establishment and preservation of our 01 present pt see eco economic e policy It I was wa specially provided for or in the t present tariff law lw 4 4 Reciprocity must mut be b treated tee as na 4 4 the handmaiden of projection p eton Our Ourt 4 4 Iret t duty te in to t see s tha U the te probe pt 4 4 lisp granted It bv bl the t in every eer 4 4 case c where it I is i needed is I main maln 4 Wn anti and a that reciprocity be b besought 4 4 sought for so far f as a it can cn safely st 4 4 be b done without injury br to our 4 I 4 home hom industries Just Ju how hw far 4 4 this th is must most mu be b determined accord a 4 4 leg Ing to the th individual case e rn remembering 4 4 bering always alway that every e 4 4 tion of ot our or tariff t tari policy to t meet mt our or f shifting national ne n needs ds must be b 4 4 conditioned upon up th t the cardinal fact fad 4 f that tt the duties due must J never neve be b re f 4 x 4 duc below the t point pint that will wi 4 4 cover coer the difference de between bt the t 4 4 labor lab cost ct here litre hr and abroad ald The T 4 4 w of t the t to Is t Isa 4 a I prime consideration of o our or en e entire 4 4 tire tr policy pley of o economic legislation 4 Hearty He Support for Reciprocity Subject jt to 1 this t proviso pov of the t proper industrial protection necessary ne to our o u at home h the th principle of reciprocity must i command our hearty hery support The phenomenal growth of Ti I our export capon trade emphasise the ur urgency genc gency of the need I for fo or wider wide markets and a for tor a liberal Jb policy in dealing with wib nations Whatever la is foreign merely petty and aD vexatious vexations ve in the th way of If trade restriction should I be b avoided avoid The Te customers to t whom wh we dispose dJ of our surplus in the te long l run r di dl directly i indirectly those r purchase purt tho surplus products u by giving us u some something something thing In return rl Their Thir ability to t pur purchase chase chae lh our products should hould as a far as asI a I posa osbie be e be b le by so s arranging our tariff as to t enable ebe us u to t take te from them th those products which we can cn use without harm barm h to our OWl industries I and labor cr or the use of which wilt will be of marked marke benefit to 10 us it f is most Dot important that we s uld ul maintain the t high level of our present prent pre nt prosperity p rt We have now reach 1 1 te tea a point pint in the th development of f our Ut lit r sta M w where here we are a not only oly a able to t sup supply sp supply markets but to produce I Ia ply our own b t puce a constantly growing wing surplus for to which we must mut find frd markets mke abroad To se secure secure cure cur these the markets mt we Wf can cn utilize utilise ex existing x tating I ag duties in any gny ny case c where wh they ty tyr ere re r no lo longer needed JM for the purpose pu of protection or o In any case c where whre the t article ark Ie is l i not no produced pu faTe b re ant and a the t duty d at is I no toner lener ler necessary for rev revenue rv reveau eau ea as giving vin us u something to t offer ofer In exchange for to what we asK The cordial relations with other nations wb which h are ar so 1 desirable rIll m naturally Li L L promoted pat bv by b the course courso CUI thus tUI re rett r tt t ir d by b our eec OI own interests natural line ot or for fora Vie The T lne development a policy o 0 m be b i it ii con eon condon don with those t of our productions Ai iU dt h no require i or of the sup support support port needed sei to establish e them hem pt upon a soon sound heals kosis ia and ad wi t f oth others th h her I n ers er M here wh re either because baus of b h natural ff or of f causes ce we are beyond byon the h b of 0 successful l ul competition I ask uk the attention of ot he senate to toL the L ii my by reciprocity predecessor treaties t r laid before it i I |
