Evening star., 1923-11-21
IN TODAY'S SPOTLIGHT
BY PAUL Y. COLLINS

. the enhanced protected markets; but
he intimated that there may be a
! subsidy on home farm products, to
offset tho lack Of protective tariffs on
| imported foods.
4, 4 = =
The London Post, In editorial sup
port Of Prime Minister Baldwin.
| comments:
, rIn coming to this decision. the
prime minister sees that neither
| charity nor cheapness can take the
place Of production and courage. be-
! cause. as he accepts the pledge OF
Bonar Law. he abandons the pros
! pect Of several years Of undisturbed
office to engage in struggle OF
which no man can see the end.
The free traders will be backed
by tho whole weight. financial and
otherwise, Of every enemy and COM
| petitor of this country. and they are
| many. The great interests OF the I'M
porter Of foreign, goods VIII disguise
| themselves under q benevolent solic-
itude Of the housewives pocket. The
socialist party. which is now the
! chief opposition. rests on the sup
port OF the workingman 1t deludes
But will 4: continue to delude our
/ workingrnen much longer. on the ques-
THE depreciation Of continental
! currencies has resulted In ruinous
! form OF competition, which is de-
/ stroying industry after industry. A.
! things are, those ruinously oAeap
goods not only swamp US IN the
! markets of the world. but in our own.
y tarif will secure them fhome pro-
! ducers) at ieaat in our own country,
i, but IL will al*o give the government
the only asset with which a govern
! ment can bargain in dealing with
tariff arrangements OF ncighbors and
competitors.
"The most signal example OF the
growth OF foreign tariffs. confuting
all doctrines Of the free traders. is
| to be found in the Fordney tarin OF
the United States.
when that topmost tier on the
! American wall was raised, the free
! traders prophesied Il would produce
| all manner OF evils In America. AS a
,, fact the United States are fourishing
| vanishing point and America has
successfully negotiated her Industrial
| crisis. When England was in the
| making. it's makers cherished above
| all things its industries and its
agriculture as the secret of its
strength. And now that England has
to be remade or perish, II Is q good
omen that Its prime minister has re-
discovered the old secret, and de-
clarcd for tho old policy. The new
must be built on the foundation OF
I the old"
! In opposing the Baldwin protec-
tion plan, Mr.. Lloyd George declares
that what is needed IS to stabilize
the European markets. "Free.trade,' .
he says, renabled us to build up the
wealth out OF which We lent thou
sands OF millions OF pounds. and placed
US In a position OF being able to re-
pay the United States while the other
/ protcctiontst countries could not pay
us. The claim that unem-
| ploymcnt can be solved by this
! means" says Mr.. Lloyd George, "is
/ either an exhibition of amazing ig-
/ norancc in q prime minister, or an
| outrageous piece Of political bluff"
! Mr.. Lloyd George pointed 10 the
/ idle shipping OF the United States
ure. In that il failed 70 stimulate
/ exports and imports. ignoring the
fact that since the Fordney McCum
| ber tariff has protected American
j home markets 10 American home in
! Custries. the 100000 previously un-
| employed have all found lucrative
employment. and that the United
States Is the only country in the
| world in which industry is thriving
| II England adopts protection, she
! will thereby reduce imports from the
/ United States, and buy more from heI
| dominions, because of the preferen-
! tial rates proposed in favor OF all
parts OF the British Empire.
! Copyright. 1923. by Paul V. Collin,)