Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1911-06-03
RECIPROCITY
AND CANADA
Great Meeting at Chicago
Which Is Attended by
President Taft
WESTERN ECONOMIC SOCIETY
Farmers Will Benefit Declares
One Speaker Who Warns
Against Politics

tby Special Leased wire to New Mexican,
thicago. June William A. Scott
director of the course of Commerca
and professor of political economy
III the University Of Wisconsin. ex.
pressing his conclusions that Cana
aiah reciprocity would be far reach
ing beneft to America. said:
MY brief and imperfect survey OF
'he elements of the problem before
+. US canadian reciprocity seems to
JUSTIFY the conclusion that consum arg
VIII be benefited by reciprocity with
tahada along the lines proposed and
mat the magnitude of the benefit viii,
be far greater than surface facts and
! study OF present conditions Indicate
MS is not question to be settled
on the basis of statistics or of exact
cata of any kind. It calls for con.
sideration of broad principles: it be.
longs within the realm of statesman.
snip rather than in political logrolI.
ing or of careful balancing of petty
interests.
Since both Canada and the United
states are exporters of wheat and
since Its value is determined by
Worldwide market. it is possible, and
indeed, quite probable, that the re-
moval of the duty would not lower
lis price in our markets, except as
certain kinds we're affected BY it's
peculiar conditions. However. if
might not follow that consumers in
this country would not benefit from
it. The by-products of wheat, such
as bran, middlings, etc. are not sold
on a worldwide basis, and with a
greater amount of wheat to draw
from, the great and economically
mills would be able to work
a reduction through greater consump-
ton and added profits from by-pro-
ducts.
The cheapening of pulp-wood and
lumber which surely would follow
the removal of the duties. would di.
rectly benefit a large percentage of
Inc people in this country, entering
as they do as raw material into the
production of goods of universal use.
The effect of the proposed reci.
pfoclty agreement upon the economic
geography of this continent is of the
greatest importance from the stand.
point OF the cost of living of present
and future generations. 1t would be
to estimate the effect of
the free trade between our states
lpon the cost of living, and ii is equal
y impossible to state definitely the
effect of this particular of the propos-
I'd reciprocity trade agreement with
-anada. But in neither case can there
'e any doubt regarding the magnitude
md scope of these effects or regard.
ng their direction.
AS an instance in the meantime.
ne price of timber is soaring and
must continue to soar unless we can
axe advantage of Canadas big and
lmost untouched supply
Reciprocity and Politics.
Chicago, June Sin a statement
ent to the Western Economic Society
nd read at today's session, at which
eclprocity was discussed. former Gov
rnor Hoard of Wisconsin declared
nat most of the opposition against
eciprocity with Canada was based
n politics and that reciprocity would
l;c cfn
blows
Back of all this confusing cry OF
|amoring politicians of high protec.
onists on one hand and the insur-
ents looking for political advantage
} their group on the other, lies the
reat basalrecollection with me that
ways in the history of this country
as the farmer prospered best when
lie manufacturer prospered best:
hen the great army of workmen
ere employed and their families con-
ming largely Of the farmers food.
ever once have I seen agriculture
rosper when labor was idle. For
lat reason l have faith that reci-
'ocity with Canada will stimulate
emand for the products of labor this
de of the line. and. as day follows
ght. will help the farmers.
Already have the farmers been
ven taste of declining prices for
eir food products. Do they like
? Do they want more of it? Then
t them follow the cousels of those
,liticians who are fighting President
aft for political purposes only, and
my opinion they will get a belly
II of it.
Surely. we farmers ought to nave
ough common sense to know a pat
ot when we see him. We ought to
low which side OF our bread is but
red. We ought to know that our
terests and prosperity are indis.
lubly bound up with the general
dustrial interest of the whole coun-
Y and that anything that promotes
e food consumers ability to pur.
ase our food is play into our own
Inds.
"If we do not know these things
we have studied the economic his
ry of our country so little that we
e ignorant of its lessons, then all
can say is that we are mighty poor
rmers and unworthy Of the interests
: are called on to defend l wish
could get the farmers of the country
see that the most Of this opposition