Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1928-05-04

Existing conditions of wide. spread I'M
employment and the serious agricultural
depression are in large part due to the
short-siehted tariff and trade problems OF
the Coolidge Republican administration. de
clared Representative Cordell Hull. Of Ten.
nessee, member Of the House Ways and
Means Committee. in a statement issued
this week. Judge Hull. one Of the coun.
'rys foremost authorities on tariff and
economic questions. issued his statement
co-lncident with the introduction in the
House OF bill repeating the tariff on auto
mobiles. Sales abroad of American auto
mobiles are being seriously curtailed by
tariffs imposed by foreign Governments in
retaliation for the American tariff on au-
tOmobiles, Every sane person" said Rep
resentative Hull, recognizes that the
United States is producing more than it
can absorb; that this condition is true as
TO the agricultural, automobile, coal. tex
tile. iron and steel and many other great
industries Of this country. One inevitable
result OF such OveT-production and the
serious obstruction of the export of our
SURPRISES by retaliatory foreign tariffs is
vast unemployment during the last twelve
months to the extent Of three or four mil
lions OF persons. and idleness Of CORE
spending amounts Of capital
Notwithstanding the automobile indus
try in the United States has for many years
been supreme in virtually every part OF the
world. the Fordney Act prescribed a tariff
oil 20 per cent on automobiles and 10 per
cent. on tires. During 1927 we exported
$4,000 passenger cars, valued a S2O7.-
$4,000. and imported 635 automobiles
and chassis valued at 81. $4,000 It must
be clear to all persons now that the nor
mai progress Of this great Industry, even
during the immediate future. depends upon
the speedy development OF wider foreign
markets. The chief obstruction to unlim-
tied foreign markets is our existing high
tariffs and their severely restrictive and
retaliatory provisions. The logic of eco
nomic conditions each month is compel
ling more and more attention to the ut
most Importance of early denomination
Of our tariff and trade policies
Further recognition Of the serious unem-
ployment situation over the country came
last week in the introduction in both House
and Se0ate Of resolutions for investigation
OF the situation and the recommendation
OF methods Of relieving il. During the de-
bate on unemployment in the Senate, Sena-
tor Wagner, Of New York. presented care
fully prepared figures to show that there
are between four and six million idle work
ers in the country under Coolidge pros
perity." Recent official Department Of La
Dor figures show that the number out of
employment in the country has increased
by more than 100000 since 1925 and
conditions are steadily growing worse.
Further distress is indicated by the latest
report on mercantile house failures by r.
q. Dun & Co. That company's survey for
the week ending April 10 showed 474
failures during the week. as compared with
4lS during the preceding week and 435
for the same week Of 1927. II failures
continue throughout the year at the rate
maintained since January /. the year 1928
will show the largest number Of business
failures Of any year in the country's his
tory.
The list Of Republican officials in prison
or convicted Of crime is growing Last
week, Thomas W. Miller started for the
Atlanta penitentiary to serve sentence
for fraud during his administration as
Alien Property Custodian. an Office he
held under Presidents Harding and Cool
idee. On last Thursday. Clyde A. Walb.
OF Indiana, Chairman Of the Indiana Re-
publican Commmittee. in the last cam
paien. was found guilty Of violating the
National Banking Act Conviction carries
with term in the Federal penitentiary
Walb was formerly campaign manager for
Senator James Z. Watson, Of Indiana, and
member Of the famous Indiana Gang
But Harry F. Sinclair, who leased Teapo,
Dome, goes free. despite the Supreme
Courts declaration that the oil lease was
obtained FROM fai.bless Government off
cial, Albert b. Fall, in secrecy and by colu-
sion. Sinclair gave $l60 900 to the Re.
publican National Committee.