The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-06-04
BUSINESS men
AGREE ON NEED
OF TARIFF VETO
Consensus in City is That
Retaliation is to Be
: Expected.

Guy A. Wainwright, General Man
ager and president, Diamond
Chain and Manufacturing Co.-The
Scripps- Howard newspapers and
The Times are distinctively not do
ing the public a service by opposing
the tariff bill. You say it is the
highest passed, without citing
examples of other high tariffs. The
fiexibility of the new tariff is such
that it will be helpful. We do not
believe in the debenture feature. We
are not harmed by the tariff and are
benefited only by the per cent on
chains.
Majority of letters of comment
reaching The Times from Indian
apoliS manufacturers and retailers
agree with this newspaper in its op-
position to the Grundy tariff bill,
while a few profess no alarm over
the measure.
Expressions reaching The Times
today included:
Clinton E. Stoutenberg, Vice-Pres-
ident, G.. 81 j. Tire Co-Our COM
pany does not favor higher tariff.
Increase in cotton products viii
affect us.
Mooney in Agreement
William j. Mooney ST., President
Mooney-M Mueller Ward Company,
Wholesale Druggists-We'ye enough
international problems now without
stirring up more differences. I think
they had better leave things alone
for the present. Tariff revision does
not affect us directly.
A. H. Brown, Purchasing Agent
Eli Lilly g. Co.-There are no sub
stantial changes proposed in the
schedule on chemicals. Approx
mately $1,000 will be saved us an
nually as result of the removal of
duty on five drug products.
Clarence H. Keehn, Vice-President
Kingan e. Co., Meat Packers-ln
considering the welfare of the agri-
cultural and livestock interests of
the nation, the tariff on hides COM
ing into the country would be bene-
fetal We feel that this benefit
would help cattle prices. On the
other hand, retaliatory measures Of
foreign countries, should this tariff
become effective, would not aid our
export business.
Only last week Cuba placed a
tariff on American pork as an OBJ
lection against ope phase of the
Grundy bill But the export bust
ness of the last few years has not
been that of years ago and no
longer do we dominate the meat
marts of the old continent. It is
a hard matter to determine, espe-
cially when one considers that con-
gress has been year attempting
to reach a solution.
Hopes for Action
William L. Elder, City Controller
and Realtor-If this country per-
sists in increasing the tariff and
Canada and European countries re-
taliate. it certainly will have an eff
feet on every man in this country,
as we are producing more goods
than we can consume. and must
have an outlet to keep OH factories
going. I hope that congress will see
and heed this before it is too late.
]. B. Solomon, Secretary Kahn
Tailoring Comparative, at the
Kahn Tailoring Company, feel the
tariff bill should be vetoed. Cen
orally speaking, its enactment, we
believe, would increase unemploy-
ment. Virtually all our woolens are
manufactured in the United States
so that directly we would feel but
little the effect of higher tariffs. 1t
seems to us that this is an inoppor-
tune time for any tariff revision,
which is bound to entail readjust-
ment throughout the whole business
structure. We feel it would be a
grave mistake for President Hoover
to fail to veto the bill. We want
worldwide markets and distribution
for American made goods and feel
that the proposed tariff schedule
would only result in retaliatory tar
ifs by other nations.