The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1928-10-04
HOW U. S. BROKE:
Allen M0M0P0l Y
Hoover Saved American Con-
samers Many Millions by
Peaceful Resistance.
he CUT COFFEE BILL
Reduced Crude Rubber Cost to coun.
try by More Than 500 Million
Dollars.

Dollars.
WASHlNGTON.-How Herbert Hoo
yer as Secretary Of Commerce waged
fight on foreign monopolies which
had been controlling raw materials
essential to industry, agriculture and
homes of the United States is de-
scribed in a pamphlet just issued by
the Republican National Committee.
This struggle was one which affect
ed every home, for the foreign monop-
olies not only levied tax on certain
products used in the home but also on
other important articles of commerce.
II 1t had been lost, it would have seri-
ously menaced many branches of
business, which made extensive use
of these raw materials, thus affecting
consumers
Saved America MiIliora
The victory which Mr.. Hoover
achieved by peaceful means resulted
in savings of hundreds of millions of
dollars to the American consumer, the
pamphlet points out.
neutrality-suspicious. foreign
combinations had been set up in a
number of raw materials which, be.
cause Of OIL inability to produce, we
must depend Hp i purchasing abroad
sa9s the pamphlet. Among them are
rubber, coffee, nitrates, potash, sisal,
camphor, iodine, mercury and long
staple cotton. These combinations
fxed both production and prices
Mr.. li0oVer's campaign was waged
by showing business how to handle
the problem largely by Itself He
asked Congress Tor funds to inyesti-
gate the fsre.gn control, and also OBJ
tanned authorization to use scientists
from other Government departments.
Laboratories made studies of recla-
nation and development Of substitutes
while scientists sought new sources
of these materials, it is shown. other
j investigators gathered full data on
availability Of other territory to pro.
daea these essentials.
Government officials, Mr.. Hoover
ana others, told the interested indus.
trics Of their findings, and at the
same time, without any clash with
any foreign government or agency, let
the nations of the world know Low
the United States was prepared to
meet this monopolzation policy.
Some of the results of these efforts,
as cited by the pamphlet, are:
Eroke Rubber Monopoy
Saved American rubber consumers
upwards of S5OO,O0O,O00 by action
breaking the British control Of rubber
production and prices. This control
is being abandoned and new sources
Of rubber development promise to
hold the prices down.
Saved the American people about
S100,000O0O in its bill for coffee
through shifting purchases from Brazil
to other sources to a sufficient degree
to effect the decline.
Urged the growing of long-staple
cotton in the United States to break
the control exercised in Egypt over
acreage and supplies
Encouraged exploration for native
beds of potash and aided in promoting
the flxation of free nitrogen of the
air to help relieve the American farm
ers from the levy imposed by Chile
and the Franco-German potash trust.
BY demonstra ing to the other ma
lions that the United States S deter
mined not to tolerate foreign control,
and by the example afforded in the
case of rubber, the signal has been
given for abandonment of others of
the more deleterious controls.
Mr.. Hoover, the pamphlet points
out, has consistently chung to the posi-
ton that economic progress must de-
pend upon the driving force of com
petition" He has reiterated that:
The problem should be met on
The ground of what in the long run
will produce good will and prosperity
20 the entire world, for no single ma
lion can dissociate its prosperity from
he prosperity and good will of all
If them. - 80
And his method has sought to bring
his about, rather than to develop
rade wars, in which there lie the
leeds of international friction and a
menace to friendly relations.