Show industrial ACTIVITY PROSPER ITY speaking in new york recently frederick J 11 II kraege U S appraiser said that the united states treasury will collect this fiscal year over a half billion dollars in customs duties which is the largest sum ever collected by the federal government we will import close to 30 00 of 0 raw material in twelve months which means that we will have spent three billions in foreign countries which mr air kracke says is the greatest act of 0 economic reconstruction performed by any ons one country since the armistice our nation wide demand tor for raw materials and finished goods has been so great that foreign manufacturers and producers have been able to share with the people of this country the period of industrial and commercial prosperity this shows that our prosperity is laying the foundation tor for an era of international prosperity which only international political uncertainties can di strub also it shows that a reasonable tariff does not kill trade with foreign countries it if tax tree free foreign goods could be dumped on the american market to the ruination of our own industries the american workman and american people would not have the money to buy foreign products to the great benefit of foreign nations in any such quantities as they are now purchasing dy by maintaining american industries on a prosperous basis we not only help ourselves but foreign countries |