OCR Text |
Show No Need For Higher Tariff He War Iu the April American Magazine is an Interview with Oscar W. Underwood, Under-wood, author of tho present tariff law: "Tho talk of our needing a higher tariff tomfct after war conditions has no merit beyond being a political argument, declares Senator Underwood Under-wood with smiling calmness. "Instead of lower wages in Europo it Is possible that In many lines ot Industry wngcs will bo higher. Obvl-ously Obvl-ously fower men will return to their Jobs than left tho Jobs to go to war. This will tend to boost wages, and with wages higher thcro will bo less dlffcrcnco than herloforo In tho labor la-bor cost of production hero and also abroad. "Moreover, thero will not bo tho facilities for manufacturing the goods for export that thero was before tho war. In Belgium, for example, many factories aro entlroly destroyed. Tho organization Is destroyed nlso. "In all the belligerent countries the grent work of restoring thlnes to normal nor-mal .conditions will doubtless require their chief nttontlon nnd energy for a long tlmo. Tho bulk of their manufactures man-ufactures will bo required for their own uso supplemented by much that they must obtain from us. The bal-nnco bal-nnco of trade will bo In our favor." |