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Show Economic Highlights ;Ujppcrdtn Tliat A(Trrt the I uner I lUU uf t.vrr)' Indi iilual. NAltunal M:Jt!e l.onl 1 (h- U WclfaiT. I iD-t:,,:! Uud- c4 ti'.c Litc- '.cut. l.." i iL iu-iu-wj. la ! i U tci d'.d.c. i-Ai llt a iu-uu ui.c-'ij.ui out Kbur...j ; r.ui - it. 1 La l.'ji. tilue or exuru ol Uiu-, Uiu-, .tU o'itcj .c-cui to Krc.c'.i cou-i-i ;ea aa u.ore tr.iui J.3.O.0w)v-0 utjUlt ll.e rix-d l.'-O level ar.d J.e iVctril so t-.-tm-.tnl scr.l o.e. c:i r.i-cl. In lt'J-j. re.u-I bid tvs W.lio.'AXl.wJ I :.d the Io-jS ui iore;.,n tracie Irofii i:t:tire S3o2.0v0.lw0. tjt:n.atti ivld tiuit Uuj y-uJ cui , icre.gn l:.ide Il-sj as tx4n;ared i Lite greatest oi oo. ra yea: a 11 b- about SJ.O.O. OOO.CvO a-iiKSl p.-ec-sely wr.at tlte U. S. Treasury io-r. to pay out in relief. Thus, (or the thtte-y-.ar period, cur lost fore-gn trade tolaU ap-Iprxintatc'.:.- S iu.000.000.COO and re-def re-def ccet the taxpay-.-rs of the ccur.tr' around $3.5X).lj0.CXX) In the arr.e penod. Had we been able to lce-p Rrcin trade on the 1929 level durirjc depression, we could I have paid the entire cost of Fcd-I Fcd-I era! rel ef cut of the receipts, and ! had try neat sum of a billion-and-a-half leit over fcr other purpeses. Of ocurse. nothtni: could have 'enabled us to maintain our trade ! at that lev.-l the wvrld-v.ide de-prer-Son, coupled with general uncertainty un-certainty in Europe, currency wars 'and fluctuations and other mone- tary dirturbancrs. tariiTs and embargoes, em-bargoes, were responsible for most !cf the Iocs. The domestic AAA program is bel eved by many to irave been a factor in redricr j ! agricultural exports, thoigh frier.di I of the AAA say that we ccukln't have found markets for our sur-'plus sur-'plus even if crop reduction had 1 never beert put into effect. Irrespective Irre-spective of that, the cold statistics ;thow conclusively that the welfare cf a number of big industries and a va.Tt amount cf employment hJntres on foreign trade. In the latest years for wh'cli complete figures are available D p.irtir.ent of Commerce tabulations tabula-tions t.!iow that this country has .se:;t utn-nd hn'.f cf the cctton crop, twv-thlrds of all refined c.j pe:. onc-tlurd of f'.irm .n u liin- t-tf :ul l.ibrl.-a'.in oils. 40 trr ct :it ci nircruft. and a Utile kss I than 20 per cent of nuiUR. These !'. :iv arc r.ltnply simples. ! If. tomorrow, all o;ir e: stint; '.r Ik. markets were 5udd-r.lv lived tc lis. industry and n-ilcul-l-.ir: wcu'.d be plunged into havoc. A-.-. ,t.'i.t 5ivrcta.-y ol Stale Siyrc a. i.i.blL..!-.ed n Lx slet on just tor. Ijrn Hade means to the fa.Ti.er ai.d worker--and the con-cli-'iins drawn are th u-ht-Trov..ik-, i.'-.c in the ex'.ren.'. According to th:-. autiinriiy. l.ss of our forelun ntaiketa w uld mean that we would luivv to retire almost 9.000.000 ac-ns ac-ns of wheat land. 23.0O0.0-'O acres of cctton land. 655.00-3 acres o' tobacco to-bacco land, more than 9.000.000 acres of corn land b.vcd for ra.vnir h.-,ts. and l.r'"-0 0jQ acres of land u.ed for crnr.inc horses which work thj? eth r lnnd. "Die total comes ! to over 40.000.000 acr.-.i which tc-dav tc-dav support 3.200.000 people. I An even b:?rrer problem. Secre-1 Secre-1 tary Sa:-Tc points out, exists In the Industrial fl- Id. Confervailve ! estimates place the lndu trial po;v I ulation d:r-c;ly dependent upon ex-p-Tts at 7. 500.000. Add this to the , farm population also dependent cn : for irm buvinrr. and you have close ' to ll.00l.rjO0 people whose econctn- ic security hinges on foreign trade. ' Anyrne with ft workable answer ' to the querticn of how foreifin ! trade may be increased, would certainly a national benefactor unfortimately. no one has the answer, ard experts differ greatly n their theories. Certain things are obvious, however such as the Jprrblm of tarifTs, and the eternal j question of how American work-I work-I ers are to be protected from cheap-! cheap-! labor fCTeiTi competition. The ! State Department, under Secretary Hull, has sought to increase foreign for-eign business through reciprocal trad-- agreements with a number of por ers. cf which Canada is the . most important, and some progress has been made. But It's still a ; tough situation. : The United States News points cut something Is not generally , realized that imports as well as exprrts create jobs in this country. coun-try. Many imported materials must . be processed or serviced. All of them mii:.t Iw Iriuu.ixii'tiHt luul distributed. dis-tributed. Tim lenulrea lulxir, unit tt lot t 11. l''uivlnu tiuil" utlecti Uib economic eco-nomic ile.sllnles ut liti nil. And foiu:- iif the behl heiuU 111 the country, in Koverninent unii Industry Indus-try lui'l nn'i li'ull in f, aie Miowliii; yiuy mint; Ui Ili.uio out 1 1 in im-laiiiT im-laiiiT to tin It lit l iv faced iiI1i-iii ioj-.lyn triido pre.'.eulM loxluy. lla-.liu-.s Week (myn that "biihl-ni'.s.-i font lilies to ill:. play Kiupii.-i-liih' vitality over u will" front ile.s-plln ile.s-plln U ixilltleal iiuiTiliilniles ahttatl that iu e ii.miiuIiik lnere.i.s-Int! lnere.i.s-Int! lmixii'taiwit In unv loiiij liuini' 11 1 ) I lll.Mll lit llllhlniA foi Unlets." Heavy liiilii;.tiy, which took It oil thn liiln hai(l ;,l iliniiiK ilepreM-Mi ilepreM-Mi n, in titlll 1m i vli iii. And that unuie-A Hi'iienil Ijarimieter, elec-Uio elec-Uio power outHit, reo-ntly reH-l.stereil reH-l.stereil contraseasonal Inipi ovemeiit , Nollklnt,' Mt'iiiN able to stop th:' iiiiuxiu of recovery. |