Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1925-12-11
MD
Friday Morning. ..".D December II. 1925.
GoldsborouUh Would Cut Tariff.

The Washington correspondent of the
Passage Of a law having as a broad
policy a per cent general tariff reduction
every year for twenty years and the
entry of the United States into the League
of Nations should be sponsored by the
Democratic party in the session Of Con-
gress which begins tomorrow. according to
Representative 7. Alan Goldsborough, of
Maryland, member Of the Banking and
Currency Committee.
The advantages to be derived from the
passage of such a tariff act, Mr.. Colds
borough said today. would be absolutely
incalculable."
1T would tend to discourage the profiteer-
ing spirit which goes along with hish-tariff
legislation" be maintained, land instead
of tending to increase would tend to gradu-
ally reduce the cost Of living and foster
spirit OF fundamental honesty in CONNER
cial transactions. Such law would put
people on their mettle and American in
genuity would take the place Of class
legislation in keeping American manufac-
turing on a competitive basis
The reduction would be so slow as not
to disturb business conditions, but the
knowledge that the reduction would con-
tinually take place would be a constant
urge to business efficiency, and, more than
all else. the vast economic waste involved
10 periodic imitation and the following
collapse would be largely corrected.
ut should be made plain to the people
Of the United States that not more than
10 per cent of the average Of the present
tariff is necessary to take care Of American
labor, and that there Is probably not a
Democrat in Congress who would not favor
in given case a sufficient tariff to take
care Of the higher wages we all want
American labor to receive as compared to
European labor. but that what the Demo-
cratic party objects to is the high cost Of
living to the American workingman and
every other class Of people due to the
present law"
ln urging that the Democratic party
press the reasons for our entry into the
League Of Nations" Mr.. Goldsborough said
Our financiers are pouring millions of
dollars of loans into practically every
European country. How can these loans
be paid with Europe engaged In COMPETE
tive armament or with Europe engaged in
warf And If those loans are not paid
won't the same financiers. through their
spokesman of the press, insist that our
boys be sent to Europe to protect so-called
American interests
Right now is the time to make plain
to the country that the real objection by
various powerful interests to the ratifica-
ton by us of the Covenant Of the League
Of Nations is not the dread Of our involve
ment In foreign war. but their realization
that real international cooperation will
tear down the tariff wall with which the
country is surrounded
Mr.. Goldsboroueh said the Democratic
party has the finest opportunity in my
political recollection 10 make clear the
utter viciousness Of the present system.
and that 1T is to be hoped that in the
coming session of Congress it will make
full use of this great opportunity"
in 1921, with the great consuming pub
lie the United States struggling with the
problem Of the high cost of living and with
our agriculture almost in state of bank
ruptcy." he continued. the majority party
the party then and now in power. forced
through Congress the highest tariff bill the
country has ever seen. Since that time
the cost Of living has constantly increased
The farmers Of the country have had to
buy in protected market and sell in an
open market. The people of Europe have
been unable to sell their goods here on an
economic basis and our consumers have
been deprived Of the reasonable prices for
the necessaries of life to which they were
entitled.
Due to the fact that Europe did not
have the money which il would have re-
ceived for it's goods sold to us except fol
the tariff. she hasn't had the money to buy
our surplus farm products except TO very
limited and restricted extent, and hasn't
been able to Get the money together tC
pay her war debts to US.
"On the other hand. the protected in.
dustries have waxed fat as never before
and while this tariff tax poured into thei
pockets 1t has caused hats, coats. dresses
underwear. hosiery, shoes. farming nipple
ments. etc.. constantly to increase in price
The present majority party also pre-
vented our entry into the League OF Nations
II the United States had entered tn,
League of Nations in 1920 the building o
competitive European armament woulC
have now been under control.
The enormous European economic vast,
in competitive armament would have bser
saved 10 stabilize currency and to pay tn,
vast European debt to US"