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Show WOOL PILED UP I FOR NEW TARIFFi Lodge Says 60,000,000 Lbs. Stored in Bonded Houses at Boston WASHINNOTON, May 29 fon gress will pass a "Republican protective protec-tive tariff" before It adjourn Senator Sena-tor Lodge of Massachusetts, Republican Republi-can lender, declared In a Rt.-itr-ment outllnlnK his views on the measure before be-fore the senate. lie predicted the country would approve the bill, 'when the tli'ie tomos for the electorate to pass judgment '' Nlgbt sessions of the senate will continue this week, under the tariff program. "The Republican majority In the senate." said Mr. Lodge, "bellevrs the policy of protection Is the surest road to trie building up and restoration o; our economic interests That is the purpose of the pending bill.' Senator Lodge denied that the rates pro i In the permanent bin would have an adverse effect on the volume of trade "Our forelRn trade today Is not suffering suf-fering because of the tariff and we are living now under the emergency tariff l. which has higher rates. In many case, tlvin those proposed In the fl-, fl-, nance committee bill." Senator Lodge declared. "The Democrats seek to give impression that the Iricreasi in jour foreign trade' and In trade conditions condi-tions throughout the Country are due to the Underwood tariff act Whereas, 'the figures quoted by Secretary Hoover Hoov-er show Increases in foreign trade which have developed since the emor-gencv emor-gencv tariff bill became a law. IMMENSE WOOL STOCKS "One little thing is Interesting and Will prove that the resumption of our foreign trade Is not prevented by the I emergency tariff. During the past four months wo Imported in Boston Sixty million pounds, of wool, one-eeventh one-eeventh of the total consumption of the United States. This wool the importers im-porters are holding In bond, awaiting the passage of the new tariff when they an get it in under lower rates. "This Importation of wool does not indlcato th-it the tariff Is going to destroy de-stroy our business with other countries. coun-tries. But It doos Indicate that the Importers are the very men who expect ex-pect unclr the new tariff, a boom In business and they aro preparing to take immediate advantage of the passage pas-sage of this bill. "Under the emergency tariff our trade is becoming more nearly normal than that of any other nation. After the present tariff bill becomes a lav, there will be an even greater advance In our trade both foreign and domestic. domes-tic. ' I have been through eight tariff debates. de-bates. The importers and Democrats always put up the same camouflagoo .... l, Ur WA l,.,,r fftllflV lllll the country invariably returns and supports sup-ports a Republican protective tariff, when a new foundation Is needed by the business of the country' to rebuild an era of prosperity. UNDER NEW CONDITIONS "It Is upon the protective principle thai 'be cjre:lt prosperity of this country coun-try h.aa been built We are obliged today to meet an economic situation such' as the world has never seen, owing ow-ing to thf utterly distorted and dislocated dis-located condition of exchange The fundamental conditions of all tariff legislation today are entirely different from what they were prior to the v ir Nevertheless this Is not an argument argu-ment for delay In tariff revision. The first essential of buslnea Is to have stability of conditions, eo far as they depend upon the tariff legislation of the country. Ruslncssran adjust Itself to a discouraging tarlf or een to one badly constructed better than It can to a condition of suspense and doubt. "Our duty, as far as legislation can do so Is to pass th tariff and other economic measures to stimulate and encourage the improvement In business busi-ness which Is now visible." |