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Show SMOOT PRAISES HOOVER. Senator Reed Smoot chairman of the powerful Senate committee on Finance, and who will have much to do with the economic policy of the Government during the next four years, especially with tariff, says of Herbert Hoover's speech of acceptance: "Not an equivocation or camouflage can be found in Herbert Hoover's address of acceptance. It was outlined by a master mind and presented in a sound common-sense recital. The American people, in reading it, will know just what it means; and knowing Herbert Hoover's past marvelous record in America and world affairs, af-fairs, they will make him next President of the United States." Senator Smoot particularly approves Mr. Hoover's statement in regard to tariff. The Republican candidate for President on this subject said: "The Republican party has ever been the exponent of protection to all our people from competition with lower standards of living abroad. We have always founght for tariffs designed to establish thia protection from imported goods. We have also enacted restrictions res-trictions upon immigration for the protection of labor from the inflow in-flow of workers faster than we can absorb them, without breaking down our wage levels. "The Republican principles of an effective control of imported goods and of immigration has contributed greatly to the prosperity of our country. There is no selfishness in this defense of our standards stan-dards of living. "A general reduction in the tariff would admit a flood of goods from abroad. It would injure every home. It would fill our streets with idle workers. It would destroy the returns to our dairymen, our fruit, flax and livestock growers, and our farmers. "We have pledged ourselves to make such revisions in the tariff tar-iff laws as may be necessary to provide real protection against the' shifting or economic tides in our various industries. "I am sure the American people would rather intrust the perfection per-fection of the tariff laws to the consistent friend of the tariff than to our opponents, who have always reduced our tariffs, who voted against our present protection to the worker and farmer and whose whole economic theory over generations has been the destruction of the protective principle." |