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Show THE SALT LAKE TRTBT'XK. TrKSD.V-M()RXIX(-i. OCTOBER 1. m. Millions of American Homes Guarded by protective Tariff, Says Hoover Wise Dealing With Foreign Trade Helps Security of Hearthstone Republican Policy, States Presidential Candidate at Boston, Has Carried Prosperity Into 500,000 Additional Households. BOSTON, Oct. 14 (JPh The text of Herbert Hoover's address here tonight is a.s follows: Economic questions have over the past fifty years grown to a larger and larger proportion of our national issues. Today these questions are more dominant than ever. Upon their Mind solution depends our prosperity, our standards of living, and the opportunities for a fuller life to every home. I make no apologies therefore for speaking to you tonight on economic questions, as they are effect fd by the tariff and our foreign trade, including our merchant marine. Obviously the policies of our government bear the most important relationship to the maintenance and expansion of foreign trade, and the government is the sole origin of the tariff. I have been told that traditionally these subjects are of less interest to the women of our country than to the men. This I do not believe. Not alone are women today a large part of the army of industry, but they are also the treasurers of the household, and the security of the family income Is to them of primary concern. No Questions More Important To New England. There are no more Important questions to the people of New England than this. Nature has given you no coal mines, no oil wells, no vast ex panse of prairie in fact, no great possessions of raw materials. Your transportation relations, both in land and overseas, do not present to you the economic opportunity for basic raw material industries. But New England has something even more important than all this. It has from the very beginnings of our . Miss Lula Boyes, Cooking Expert, to Resume Weekly Demonstrations To morrow history provided industrial and commercial leadership and skilled workmanship In the United States. The courage, genius and lofty Integrity of that leadership has for 200 years carried New England through a score of those inevitable crises that come from invention, from change in demand. New England began with a shipping Industry as her dominant commercial occupation. 8he succeeded in it because she built better ships, because she was more skilful In ship construction and because she developed greater skill in operation. Spreads Her Ships Over All the Seas. She spread her ships over all the seas. She was the first part of our country to develop the factory system. She trained the first skilled workers, erected the first machinery and set up the first equipment of modern industry.' Her people have developed not only a great industry and commerce, but a great inheritance of method and skill. It is not simply a great past, it is a great present. Today with her reservoirs of skilled artisanship, of able technologists and administrators, with her own capital, with access to the markets of our own country and to the world. New England is, and will continue to be over many generations to come, the great American center for production of those articles where we require qual ity rather than quantity. But the the very nature of her location, character of her industry and her resources make New England on one hand dependent upon the tariff to protect certain of her industries in the American market, and upon the other hand the development of foreign trade to find world markets for others. Discusses Importance Of Foreign Trade. And today the whole nation has more profound reasons for solicitude in the promotion of our foreign trade than ever before. As the result of our Inventive genius and the pressures of high wages, we have led the world in substituting machines for hand labor. This together with able leadership and skilled workers enables us to produce goods much in excess of our own needs. Taking together our agriculture and our manufactures and our mining we have in creased our production approximately 30 per cent during the last eight years, while our population has Increased only about 10 per cent. Much of this Increase of production has been absorbed in higher standards of living, but the surplus grows with this unceasing improvement. To Insure continuous employment and maintain our wages we must find a profitable market for these surpluses. Nor Is this the only reason for lending high importance to our foreign trade, either for New England or the country as a whole. Our business ideal must be stability that is, regularity of production and regu larity of employment. We attain stability in production, whether it be in the individual factory or in the whole industry, or whether it be in the individual factory or in the whole Industry, or whether It Is in the nation at large, by the number of different customers we supply. ine snocK ol decreased demand from a single customer can be ab- sorbed by the increase from another, if distribution be diffused. Conse quently our Industries will gain in stability the wider we spread our trade with foreign countries. This additional security reflects itself in the home of every worker and every farmer In our country. foreign countries of the goods and raw materials which we cannot ourselves produce. We might survive as a nation, though, on lower living standards and wages. If we liad to suppress the 8 per cent or 10 per cent of our total production which is now sold abroad. But our whole standard of life would be paralyzed and much of the joy of living destroyed if we were denied sufficient imports. Without continued Interchange of tropical products with those of the temperature zone whole sections of the world, including our own country, must stagnate and degenerate In civilization. We could not run an automobile, we could not operate a dynamo or use a telephone, wore we without imported raw materials from the tropics. In fact, the whole structure of our advancing civilization ynould crumble and the great mass of man kind would travel backward if the foreign trade of the world were to cease. The great war brought into bold relief the utter dependence of nations upon foreign trade. One of the major strategies of that hour was to crush the enemy by depriving him of foreign trade and therefore of supplies of material and foodstuffs which were vital to his existence. Trade in Its True Sense Not Commercial War. Trade in its true sense is not commercial war; it is vital mutual service. The volume of world trade depends upon prosperity. In fact, it grows from prosperity. Every nation loses by the poverty of another. Every nation gains by the prosperity of another. Our prosperity in the United States has enabled us in eight years to make enormous increases in the purchase of goods from other nations. These increasing purchases have aaaea prosperity and livelihood to millions of people abroad. And their prosperity in turn has enabled thjm to increase the amount of woods they can buy from us. Realizing these essentials, one of the first acts of the Republican administration when we came Into power seven and a half years as we were, by millions of unemployed was to devise measures to vigorously restore and expand our foreign trade. It was evi dent that we must sell more products abroad if we would restore Jobs, maintain steady employment for labor and activity for our industries. It was clear that we must dispose of the farmer's surplus abroad if he was to recover stability and an ability to buy the products of our labor. Disorganization of Export Trade After War. As an aftermath of the war we were confronted with a total disorganization of our export trade. Our exports of war materials had been brought suddenly to an end. But more than this, the trade of the entire world was demoralized to the extent that the actual movement of commodities between nations was less than before the war.' We set out on a definitelv organ ized campaign to build up the export of our products. To accomplish this we reorganized .he department of commerce on a greater scale than has ever been attempted or achieved by any government in the world. We mobilized our manufacturers and exporters, and cooperated with them in laying out and executing strategic plans for expanding our foreign trade with all nations and in all directions. nted, The Republican administration this action introduce a new basis by In government relation with business, and, in fact, a new relationshln nf the government with its citizens. That Dasis was aeimitely organized The method was not dicnor domination. It was not tation Salt, Lake City housewlvea will be nor subsidies nor other ar- regulation glad to Know mat Miss Lula Boyes, whose tniciai stimulants such as were expert. cooking prominent weekly lectures and demonstrations on adopted by foreign nations in similar home economics subjects have become plight. so popular, will resume these meetings It was the government, with all its beginning tomorrow afternoon. Miss prestige, interested solely in public time Boyes has devoted considerable and study to her coming season's prowelfare, acting through trained spegram, taking advantage of new Ideas cialists in voluntary cooperation with and suggestions to be used for the bencommittees of business men to proefit of her audiences. Tomorrow's lecmote the Interest of the whole counture- and- - demonstration will be Exports Enable Country try in expansion of its trade and its in the auditorium of the Utah Power Ac Light company's Main street To Meet Cost of Imports. ultimate expression, which is Instore from 2:30 to 4 p. m., at which The expansion of export trade has creased and stable employment. time Miss Boyes will feature a dinner a vital importance in still another Promotion of Initiative menu as her subject. She cordially The goods which we exInvites the women folks to be present. direction. Characterizes Business Men. to from contribute the port purchase (Advertisement.) It was the promotion of initiative and enterprise which characterize our business men, and nowhere greater than In New England. K. Clay Hon. W. H. King In the year 1922 our foreign trade. upon a quantitative basis, was almost the same as it was before the war; that is, if we reduce the values by TONIGHT AT DEMOCRATIC HALL the amount of inflation of the dollar. Since that time our trade has in341 SOUTH MAIN STREET 8 P. M. creased steadily year by year, until in the year 192? our exports amounted to the gigantic sum of $4,860,000,000 Will Address the People on the Stirring Issues or a billion dollars increase under Reof the Campaign. publican rule. Our imports Increased in the past seven years by over to a total of $4,185,000,000. There never have been such increases in a similar period before in our hisCome. . Music by the Elgin Four. tory. Today we are the largest Importers and the second largest exporters (Paid Political Advertisement.) of goods in the world. Our exports show on a quantitative basis an Increase of 58 per cent over prewar, f Senator 0. and I while our imports are 80 per cent above prewar. The other combatant nations are only now barely recovering their prewar basis. All this has a very human interpretation. Our total volume of exports translates itself into employment for 2.400.000 families, while its increase in the last teven years has interpreted itaelf into livelihood for 500.000 additional families in the United States. Millions of Other Families Find Employment. And. in addition to this, millions more families find employment in the manufacture of imported raw materials. The farmer has a better market for his produce by reason of their employment. Nor has New England failed to participate fully in this great advance. With perhaps pardonable pride I may point out some indication of the assistance which the government has given to this great expansion of our export trade through searching out opportunity for American goods abroad. I know of no better index of what the federal government's contribution lias been in this enormous growth than the number of requests which come constantly to the department of commerce from our manufacturers and exporters for assistance and service of one kind or another. During the year before we undertook this broad plan of cooperation, the government at its various offices over the world received less than 700 such requests per day. These demands have increased steadily until this last fiscal year they exceeded the enormous total of over 10,000 daily.. Unless these services to individual manufacturers and exporters were bringing positive results in dollars and cents, we should never have seen this phenomenal growth. Foreign Monopolies Uneconomic in Long Run. Nor is the government solely concerned with the sale of our products abroad. We are deeply interested in many ways In our imports. One of the most Intricate questions has been to secure the supply, at reasonable prices, of raw materials which we do not produce. Beginning soon after the war, certain foreign governments possessing practical monopoly of such materials began she organization of controls designed to establish prices to the rest of the world, and especially to us, the largest purchaser. These controls increased in numd ber until they embraced nearly of our imports and the undue tax upon our consumers reached hundreds of millions of dollars. We regarded such controls to be in the long run uneconomic and distastrous Id the interests of both producer and consumer. however, felt we had no complaint except in cases where these methods resulted in speculation and consequent unfair prices to our people. We wish to pay fair prices for what we buy, Just as we wish to secure a fair price for what we sell. It was necessary for us to demonstrate that the consumer has his inherent rights. Our government used its influence to assist American industry to meet this situation, by encouraging the use of substitutes and synthetic products, and by recommending public conservation at times of absolute necessity. Happily the trends in the creation and management of these monopolies has reversed itself, and I believe this question will present no further difficulty. Can Prosper Only Under Sound Financial Policies. The government bears other direct responsibilities in promoting and safeguarding our foreign trade. It can prosper only under sound financial polities of our government; It can prosper only under improving efficiency of our Industry. In fact, its progress marches only with the march of all progress, whether it be education or decrease in taxes. Foreign trade thrives only in peace. But, more than that, it thrives only with maintained good will and mutual interest with other nations. One of these mutual interests lies in the protection of American citizens and their property abroad, and the protection of foreign citizens in our borders. The world's trading operations are by necessity largely carried on through the agency of their own citizens who migrate to foreign countries. So that in the pursuit of foreign trade we have an exchange of citizens as well as of goods. Furthermore, our citizens who go abroad to develop foreign countries, our citizens who loan their savings to develop foreign countries, are contributing to the advancement of trade. But they do much more. They build up the standards of living and the prosperity in other countries. Unless there can be constantly evidence) amongst all nations that the lives and property of all citizens abroad shall be protected, the foreign trade and the economic life of the world will degenerate instead of thrive. Subject to Laws of Lands Where They Reside. This does not imply that our citi- zens going abroad are not subject .to the laws of the country where they reside. They must be subject to such laws unless these laws are a of international obligation This implies no imperialism. It is the simple recognition of the principle of comity and mutual interest among all nations. Confidence In this principle is a of necessity to the advancement' civilization itaelf. Fortunately the occasions where it has been necessary ' to send armed forces to preserve this Aside principle are diminishing. from the great war. the Democratic It administration found necessary to take such action on nine occasions, while during this administration only four such Incidents have arisen Every American must hope that they will not again arise. Government cooperation in promoting foreign trade if even more important for the future than it has been for the past. It is more to New England than It has ever been before. With the assurance of peace for many yean to come, the world Is upon the threshold of great commercial expansion. The other great nations of the world have been slowly recovering from the war. They have attained a very large degree of economic stability. They are developing increased efficiency in production and distribution and promotion of trade Al- even, month brings some oepu- rrom abroad to ituoy our one-thir- t n Cloth Coats Dresses Fur Coats Guaranteed I L- AS A RESULT 'v You Will Buy Your Fall and Winter Outfit Prom Us -i avx ram .iZaBj l. bbh tj PQJJaa"QaPPK i iiuii'iukiii Paw 1 1 1 mm nt methods and processes, which they soon translate into their own use. We do not begrudge them all of our technical and other information. We search with equal diligence to translate their methods of progress to our own use. We have the Intelligent to realize that It Is In the prosperity and progress of the world as a whole that we must seek expansion In our foreign trade. Nevertheless, as the stability of foreign nations becomes greater and their methods improve their competition for neutral markets will become sharper. To receive our due share of prosperity in these markets we must continue an increasing vigor-- ! ous cooperation from our govern-- i ment. Tariff One of Most Important Campaign Issues. One of the most Important eco- -' nomlc issues of this campaign is the protective tariff. The Republican party has for seventy years support ed a tariff designed to give adequate protection to American labor. Amer-- I lean industry and the American farm against foreign competition. Our opponents, after seventy years of continuous opposition to this Re-- i publican doctrine, now seek to con-- i vlnce the American people that they have nothing to fear from tariff revision at their hands. The Demo-- ; cratlc platform states that they will revise the duties to a basis of "ef-- i fective competition." They did this once before. When the Underwood to congress introduced was tariff bill in 1913 the Democratic ways and means committee of the house presented it to the country as a 'competitive tariff." That measure was surely not a protective tariff. It greatly reduced the tariffs on American manufactures and it removed almost the whole protection of the agricultural industry. The competition which it provided was competition with foreign wages and standards of living. The Democratic tariff was subjected to test for only a few months prior to the outbreak of the war. Showed Beginning of Disaster to Producers. Those few months showed the beginnings of disaster in both industry The production of and agriculture. goods abroad competing with our goods ceased during the war and tariff rates became relatively unimportant. It was not until peace was restored that its ill effects were completely disclosed to the American self-inter- . -- people. It would seem fair to assume from the declaration of the authors of the measure at the time the Underwood bill was passed that it was the ideal of an "effective competitive" tariff. Be this as it may, competition, to be effective, must mean that foreign goods will have opportunity of successfully invading our home mar- kets. The effect of the formula there set forth means a reduction of the tariff and a depression in American wages and American farm prices to meet foreign competition. It means a flood of foreign goods, of foreign farm produce with the consequent reduction of wages and Income of not only workers and farmers, but the whole of those who labor whether in the field, the bench or the desk. The Republican party stands for protection, and, on coming into power in 1922, it enacted again a protective tariff both to agriculture and Industry. Every argument urged by our opponents- against the Increased duties in the Republican tariff has been refuted by actual experience. It was contended that our costs of production would increase. Their prophecy was wrong, for our costs have decreased. They urged that the duties which we proposed would Increase the price of manufactured goods-- yet prices have steadily decreased. It the was urged 4hat by removing pressure of competition of foreign efin fall would goods our industry ficiency. The answer to that is found in our vastly Increased production per man in every branch of Industry, which, indeed, is the envy of our competitors. They asserted that the enactment of the tariff would reduce the volume of our Imports. Yet, during the last seven years. our total imports, particularly of goods which we do not ourselves pro- duce. have greatly increased. They predicted that with decreasing im- ports it would follow that our sale of goods abroad would likewise decrease. Again they were wrong. Our exports have increased to unprece- dented totals. In fact, every single argument put forth by our opponents against us at that time has proved to be fallacious. Tlif tariff written by the Republican party in 1922 has been accompanied by everything which our opponents predicted that the tariff would pre- vent it nas been accompanied by employment and prosperity. Tariff Commission Valuable Arm of Government. The tariff commission Is a most valuable arm of the government. It can be strengthened and made more useful In several ways. But the American people will never consent to delegating authority over the tariff to any commission, whether nonpartisan or bipartisan. Our people have a right to express themselves at the ballot upon so vital a question as this. There Is only one commission to which delegation of that authority can be made. That Is the great commission of their own choosing, the congress of the United States and the president. It is the only commission which can be held responsible to the electorate. Those who believe In the protective tariff will, I am sure, wish to leave Its revision at the hands of (hat party which has been devoted to establishment and maintenance of that principle for seventy years. No tariff act is perfect. With the shifting of economic tides some items may be higher than necessary, but undoubtedly some are too low. This is particularly true so far as New England is concerned. New England has many protected industries. One important branch of them, the cotton and wool industries, have not for the past few years been in a satisfactory condition. They comprise about 26 per cent of New England's Industrial life. Their depressed condition has not been peculiar to New England. Same Situation Throughout the World. The same situation has prevailed throughout the world and is due largely to the same factors style changes, production in new areas, and decided changes in the trends of There has been less consumption. hardship in the United States than abroad, and that fact has been due to the partial protection afforded in the tariff against inundations of foreign goods. Any change in the present policy of protection would, without question result in a flood of foreign textile products which would mean no less than ruin to New England industry, both manufacturers and workmen. That our American textile industry and its workers need solid protection is clearly demonstrated by a comparison of wages and it must be remembered that our most severe from abroad always competition comes in those types of cloths in nni i l nanK and in Italy, t cents. The American cotton weaver earns an average of 40 cents an hour, the Oerman 17 cents, the Frenchman less than 11, and the Italian 7 cents an hour. And (Continued on Past Eight.) which the element of labor represent the chief item of cost. A woolen and worsted weaver In the United States earns an average of 85 cents an hour, in Great Britain. 30 cents in Germany. 20 cents; in France, 13 cents, HART SCHAFFNER at MARX CLOTHES Pj CREDIT AND SELF-RESPEC- T The man who makes weekly payments on his charge account here is just at valuable a customer as the man who settles his account at the end .of the month. BOTH HAVE REGULAR CHARGE ACCOUNTS; BOTH ARE REGULAR CHARGE ACCOUNT CUSTOMERS; BOTH HAVE EXACTLY THE SAME PRIVILEGES Neither one or the other is asked to make a part cash payment at the time of purchase. If a man is trustworthy, he is trusted. Any man who meets his obligations can open a charge account at this store and arrange payments to suit his convenience. Arthur Frank 208-21- South Main St. 0 FALL CLEARANCE WALL PAPER SALE 25c VERA HEAVILY PAPER BEST QUALITY, NOTHING SHODDY EMBOSSED REDUCED Al LOW ROOM LOTS Wc carry Co. Wall Paper WASATCH US1 11 WEST FIRST SOUTH ti ou:i We can but be immeasurably happy at the cordial response accorded the launching o f our 69th Anniversary Sale From the moment the doors were opened Great Crowds of Enthusiastic Shoppers poured in Fairly Swamping Us in every department Throughout WALL, the moit complete line of DRAPERIES in the West. We clause in picture rranuai. Armstrong-Engber- g -- BOLL AS. SOME REAL VALUES AS LOW AS He PER ROOM, INCLUDING BORDER AND CEILING. prepared as we were with many extra salespeople and added facilities. the Sale yon will continue to find extraordinary values |