The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-10
'LONGWORTH SEES
CHANGE In TARIFF
Tells Academy Of Science That
Restoration Of Protection
Will Be Difficult.
PUTS HOME MARKET FIRST
Thomas w. Lamont Says
America Must Turn to Far
East for Trade.

Early action by Congress along the
lines OF tariff revision is not to be
looked for. in the opinion of Representa-
tive Nicholas Longworth Of Ohio. who
told the Academy OF Political Science at
It's dinner in the. Hotel Aston last night
American industries is one hedged about
with many new problems created by
the war. Earlier In the day. addressing
the Association OF Life Insurance Presi-
dents, Mr.. Lohgworth declared that any
substantial reduction In taxes In the
near future is impossible.
In his speech before the Academy of
Political Science Mr.. Longworth laid
stress upon the part which this country
can take safely in aiding the economic
rehabilitation of the nations associated
with it in the war, so many Of whom are
debtors to the United States Such ala
should be extended, he said, but not at
the sacrifice of American industrial in
dependence through letting down the
tariff bars to foreign products.
Representative Longworth cited PIesi-
dent Wilson's proposals of a year ago to
Congress In this respect and declared
that 'the enactment into law of such a
doctrine would bring absolute disaster to
American business and industry"
He expressed doubt whether throw
ing open American markets to aid Great
Britain, France. Italy and Belgium
would accomplish its purpose of reha-
bilitating their economic system and
enabling them to discharge their debt to
this country These nations, he pointed
out, have high labor costs compared
with some other foreign Powers. and
predicted that these other nations would
probably capture the American market
IL the barriers were removed.
Must Guard Home Market.
Conditions have changed" he said,
land given us q favorable trade ball
ance. but have they changed so much
that we ought to abandon all the stand
ards and policies Of the past. forget our
home market and enter into mad
scramble for the world market? Even
il that were a wise policy we would cut
sorry figure IL we attempted to gain
the worlds market once we had lost our
market at home"
Thomas w. Lamont, who also spoke
at the Academy dinner. counselled the
building up of trade in the Orient, par
ticularly with China. Jules ]. Jus
serand. the French Ambassador, was
another speaker. He said that France
cannot wait for Germany to pay the
expenses of rebuilding the devastated
regions and must therefore borrow the
necessary capital.
Intelligent interest on the part of
American business in the Far East IT.
self Is more important than the Jap
anese problem as It presents itself in
California" said Mr.. Lamont. Japan
realizes that the United States will
eventually bar out all Japanese from
immigration and she will accommodate
herself to that situation. But our CO.
operation with Japan In helping her to
become an industrial nation. as she must
become, will call for American capital
and materials"
Mr.. Lamont pictured China as espe-
cially in need OF our assistance, because
of her great material handicaps. She
has less than 1000 miles Of railroads,
for example. to our 100000. with more
than three times our population.
Hope I'm COnsortfum.
'Tf the consortium finally functions
he said. 1--WE shah see In the Far East
the principle OF international coopera-
tion substituted for that Of International
competition. with no more of that inter-
national race for privilege and conces-
sion which resulted in setting up baneful
spheres OF influence In China"
Ambassador Jusserand, who returned
from France recently. said that II per
cent Of the French industries are at
work. He said that It is not easy to
figure the destruction caused by Ger
many, but that 1t will be accomplished
by next May, the date fixed.
Irving T. Bush, who presided at the
dinner, predicted that 1.-THE manufac-
tured products Of the United States will
never dominate the markets of the world
until a foreign market becomes a neces-
sity to our manufacturers. We have