Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-12

I'm connection with the idea Of rec
iproctty," proposes the Buffalo Evening
News, there might be considered the
fact that the United States has more
capital invested in Canada than in anv
otner foreign country. In industry
across the border Americans have about
$4,000, DOC, 900 at work. This money "a
IN Iactorles, mines, public utilities and
every kind Of commercial enterprise
Behind this great investment there is a
rich fund of confidence and good will
winch statesmen Of both countries
should be careful not to disturb,
Wnetner through tariffs or other meas.
ures. In the circumstances that have
arisen leaders on both sides Of the border
may well give serious thought to a Dian
OF trade reciprocity promising mutual
advantages" A'""i
1.-THE Dominion's action" in the judg-
nent OF the Hartford Daily News, may
well inspire economic heart searching
on both sides Of the border as to the
soundneSS Of policies which run coun-
ter to all suggestions of reciprocity.
universally considered but very faulty
practiced as the soul Of successful bar
ter" The Dayton Daily News paints
the picture: I'VE hit a good friend in
the eye, backing it. He hits us back
In the eye, backing 1t. Net results of
two tariff walls-two black eyes, two
enemies where once were two friends"
\ \ y X
1.-THE tariff" as analysed by the Fort
Worth Star-Telegram, "is one Of the
inventions Of trade that more nearly
resemble the boomerang than any other
primitive weapon" More specifically,
that paper comments: 1.-The new sched-
ule can be laid solely at the door Of the
xr,1ory foriff Hill fhof r,rO.
duced by the extra session of Congress
in 1929. The 200 articles specified in
the new Canadian tariff cannot be said
to be penalized to protect the infant in
duStries Of Canada. Very frankly Pre-
mier Bennett asserts that Canada can
not afford to remain unprotected against
the competition of countries protected
by high tariffs. The government needs
the revenue. The Canadians will pay
1t in the purchase of articles they can
not grow or manufacture. Oranges,
corn, anthracite and bituminous coal,
magazines, automobiles citizens of
the Dominion will assume an extra bur-
den for the purchase Of American i'm
portetions."
Economists and business leaders"
declares the Atlanta Journal, warned
that the Hawley-Smoot act not only
would reduce the buying capacity OF our
foreign markets but also would incite
to retaliationS. This wholesome advice
was fiouted.'' The st. Louis Globe
Democrat finds that I'VE now have
tariff war with the very best of our Gus
TONER'S" and that paper asks, "Win 1t
result In q more rational trade arrange
ment?"
Uncertainties in the situation are OBJ
served by the Lincoln State Journal in
the statement: "Out Of the MOL of
tariff wars, Of depression that is world
wide and the fight for markets abroad
may come some other solution for
troubles abroad that affect us here. So
far that solution has not been found,
and the tariff, which has had much to
do with American growth and world
prestige resulting from prosperity and
high standards Of living, still seems this
country'S best weapon when scientific
cally administered. We have Just started
on the experiment of scientific adjust
ment Of tariff schedules. We may yet
go far enough along that line to cure
mSly Of our troubles"
Canada has held first rank as a
market for United States exports" says
the Philadelphia Evening Bulletin, land
the new tariff is undoubtedly intended
to affect that trade to the advantage of
Canadian industry. Pennsylvania an
thracite is one Of the lines on this side
Of the border that may be unfavorably
affected. But 1t Is beside the mark to
co., Ter the Canadian tariff O measure
of = taliation for the Hawley.Smoot
tari14. 1t is an emergency measure, be-
lieved by its trainers to be expedient
under present Canadian ctrcunstancsAr