Pine Bluff daily graphic., 1916-06-25
ALLIES PROPOSED
 TRADE WAR WOULD
 PROVf BOOMERANG
; Russia Cannot Boycott Ger many, and Canada Depends
 Too Much on U. $.

Correspondence of the Associated Press)
 Paris, May 28.-Mr. Asquith's ad- vice to the British delegates to the recent interparliamentary economical conference to "be careful not through excitement or blindness, or with the desire to clinch a victory, to take measures that will do you more harm than the enemy" was well given, iii thess opinion of some French eco homie writers.
 Before the first erparliamentary conference there were fears in French as well as in English circles as to whatamight be the results of unau thoritative discussion by parliament tarians of international affairs, and the results of the economic confer ence have not allayed such fears
 Max Hoschiller, in the Revue de Paris, says there is great danger that the hasty conceptions of these con- ferences, put into practice, would turn against their authors, and that the only plan of economic reciproci- ty between the entente allies thus far developed is of nature to arouse the liveliest apprehensions; that it is even liable to bring about differ ences and provoke grave conflicts of interest between the allies after the war
 M. Hoschiller declares impossible of application between the allies themselves" the protectionism in four degrees proposed by the confer enre, as follows:
 Reciprocal preferential tariffs be- tween the United Kingdom and it's colonial possessions.
 Reciprocal and preferential tariffs, secondary to the foregoing, between the British empire and its allies.
 Favorable treatment, but in the third order of preference. to neutrals.
 Prohibitive tariffs on products of countries now enemies of the entente powers.
 In the first place, the preferential reciprocal tariffs proposed for the United Kingdom with it's colonial pos sessions put Great Britain in hos tility with Russia and in eventual conflict with her own colonies. The latter, M. Hoschiller expects, will seek larger advantages from the ex- ceptional situation in which events have placed them as providers Of raw materials in this industrial war.
 Canada FAvOrs United States.
 Canada, which bought more than $426,000,0OO worth of goods from the United States during the fiscal year 1914-15 and only $90,00O,OOO from Great Britain, notwithstanding pref erential duties of B 1-3 per cent would be reluctant to consent to an economic arrangement that would inn pede importations from the United States to the profit of the mother country, and pay dearer for products which the latter would not perhaps be in position to furnish.
 Canada, at the same time, is the great competitor of Russia in the British market, it's exportations O. wheat to England having gone from twenty-one per cent of the total in 1882 to "A per cent of the total in 1911. while Russia's percentage of British consumption remained station ary at about 15 per cent. Discrimina- tion against Russia would shut her out of the market altogether. Rus sia's importations of wheat into Ger many were 519,000 tons as against 31S,0OO from Canada. M. Boradaiev- sky pointing out the significance of these figures to the Pan-Russian Az ricultural congress, stated that unless the entente allies facilitate the ex- portation of Russian products the empire would be forced after the war into an economic arrangement with Germany.
 Russia Can't Boycott Germany.
 Prof. Migouline, president of an economic commission attached to the Russian ministry of finance, wrote recently that it would be impossible for Russia to boycott country like Germany, which was before the war it's best customer, unless the entente allies opened their markets more largely. He points out that Great Britain bought in foreign markets in 1913, 850,OOO,O0O rubles in cereals and 2.74O,O0O,O00 rubles in alimentary products, of which Russia's part was only 125 million rubles, insignificant in comparison with Russias exports to Germany.
 It is pointed. out by M. Hoschiller in the case of Canada that her pres ent financial dependence on New York will eventually make it impossible for her to treat the United States otherwise than on the basis of a reciprocal tariff and that, in any case. the likelihood of an economic war such as would be involved in the in- terparliamentary conferences pro- posed tariff is impossible between the two countries.
 The interparliamentary commis- sion's proposition of preferential tar ifs between Great Britain and the colonies would. in the opinion Of M' Hoschiller, make it impossible for France to accept the arrangement England was Frances best customer before the war; she bought goods to the value of billion and a halt francs (principally silks. automobiles
 and provisions) of France in 1915