davidaulloa/AmericanStories huggingface dataset:
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-01-02
VToPENIE SHEET & TUBE
DO BETHLEHEM NEPLATNE
Direktori Sheet and Tube Co.
pokracovali nezakonite.

V pondelok rozniesol sa po ce.
lych Spoj. Statoch chIr, ze mas
sudca David G. Jenkins. po Wac
tyzdnoyom uvazovani faktOv roz,
hodnul sa vyhlasit' vtopenie Yo
Sheet and Tube. Co. do Bethlehem
Steel Corporation "a neplatnt. A..
ko hlavne dovody uviedol nezakO-
mite pokracovanie sboru direkto-
rov Sheet and Tube Co. a d'alSi
d6vod, ze zalovana stranka nedo-
kazala, ze podmienky knpy boly
spravodlive. Medzi dovodami IL
viedol menovite tieto:
Direktori Sheet and Tube ne
oboznamili svojich tieastinarov S
podmienkami 1plne. spravne a o.
tvorene.
Odoprenie individualneho usud-
ku Eatonovi jeho spolotnikom
rovnalo sa klamu. ci dmysel menu
alebo ME.
Zastoj, ktory hral vo vyjedna-
vaniach podmienok vtopenia Har-
ry G. Dalton, direktor ako Sheet
and Tube, tax Bethlehem, Dol
sklamanim dovery proti zauj-
nom verejnosti. bez ohl'adu ma
Daltonove imysle.
lie bonusovl system II Bethle-
hem NAL byt' vysetreny Dalto-
nom, Purnellom a Campbellom
direktori a 6castinari mali byt' s
MIN oboznamenl.
Tento rozsudok je vit'azstvom
OhioGanov, ktori boil proti tomu,
ably Wall Street opanoval oceliar-
sky priemysel stredozapade. Je
vit'azstvom Cd Wall Streetu ne
odvislych priemyselnikov a finan'
Snikov. Odsddena bola bezohfad-
most, ktoron sa Wall Street chcel
zmocnit' najvacsej oceliarskej
korporacie v Ohio. Bol to boj
zriedkavy a jednalo sa nom Q
billion dolaroyy majetok. BOZ stal
mnoho million dolarov.
Podl'a dosavadnych vyhladov
Sheet and Tube zostane neodvis.
lou spolocnost 'ou, po pripade pr.
berie K sebe Inland. Steel CORR.
gan Steel spolocnosti tax 81 ga
isti vynikajdce postayenie Y oce.
liarskom priemysli.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-01-02
SLOVENSKi STUDENT
MA VAKACIACH

Ako po kazde Vianoce, i teraz
mnohi SlovenSki STUDENT a Stu
dentky Mahoning doliny prisli
70 skol domov, ably stravili via
nocne novorocne sviatky $ ro-
dicmi pfiatel'mi. Medzi tymi su
al naSi slovenski bOhoslovci 20
st. Mary Seminary V Clevelande,
to PIP. James Yavorsky, Michal
Tarapcak, Albert Klein, Jan kraj-
nix. Tomas Sofranec, Michal Su-
ba, Michal Hnat a Stefan Blasko.
TychtO 81 Rev. Jozef koStik, du-
chovny osady Sv. Alzbety, po-
zval na polovaGku V pondelok ma
jednu slovensku farmu. kde i'm
poslGzilo St'astie, lebo zastrelili
StyrOch uSiakov (zajacov). Ale sa
i'm vodilO dobre j ma farme. kde
boil pohosteni fajnymi kraJov-
skFmi virstlamj. Potom veter
Rev. Kostik 81 ich pozvaf ma vece-
ri, ktora i'm znaplenite cIutnala.
STUDENT ma tito polovacku tax
l'ahko nezabudnh, a tym menej
ma svojho hostitel "a.
Zpravodaj.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-01-02
Zenskyy Klub
"a nddznych
Dakuje obecenstvu "a navstevu
divadla a ziada zeny, ably sa pri-
polly do prace "a nudznych.

Slovensky zensky Politicky a
.Vzdelavaj1ci Klub V Youngstown
rozhodnul sa konat' nieco dobrt-
no nielen politike a vzdelava-
nj, ale dobrocinnosti, ktora je
teraz vel mi potrebna, ked lie po-
eetne slovenske rodiny trpia ne
dostatkom. Klub budc pracovat'
v prospech nudznych Z osady Sv.
Cyrilla a Methoda a preto ziada
vsetky osadnicky, ably sa pripoji-
ly k tejto praci a vst1pily do klu-
bu ma budiicej schodzi, ktora bu-
de II. januara v skole osady Sv.
Cyrilla a Methoda. Sch0dze sn
kazdh druhu nedel'u V mesiaci 30
obede.
Predsedkyna klubu, pani Slif-
kova touto cestou d 'akuje velp.
tararOvl j. j. F'renOvl, "a krasne
privitanie obecenstva pocas diva
dla, tax podobne hercom i herec-
kan "a 1ch krasnu hru obecen-
stvu "a hojni navstevu. Kiub sa
bude usilovat' vzdy pekne poba-
Wit obecenstvo a pripravuje sa
ma move predstavenie, ktorfm bu-
de kazdF prekvapeny.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-01-02
CENY SATsTvA PADAJU

Viacere vel Ike, postou predaya-
jiice obchody V krajine snizilv &C.
nu bavlneneho satstva hodyab-
nych veci 0, cd 6 do Is percent a
hladky krepovy hodvab ,upadol v
Gene o 40 percent. Teraz snizenie
cien bude nasledovat' po riad-
nych obchOdoch. Snizenie cien ma
stalo preto, ze bavlna surovy
hodvab st vel mi lacne.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-01-02
UNIEsII 1CH A oKRADL1

Sam Sankovit, 65-roGny Ben
Nosic, @-rocny Bessemer, Pa.
boil po tieto dni uneseni dv0ma
zbojniknli orabovani 0 $413. Po-
licia z Ohio a Pennsylvania chyti-
la potion jednoho 70 zbojnikov, u
ktor&ho nasla 1920. Zbojnfk sa
primal, ze je to jeho ciastka 20
zbojstya. Prezradil memo i druhe-
no zbojnika a ocakava sa aresto-
vanie tohoto.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-01-02
$4,000 diNANov
RoLo VYVRAzDENE

Cinska narodna vlada v Nan
king oznafnuje, ze v provincii
Kansu mohamedani napadh Ci-
6anov ! vyrazdili Mich 90 900
dull. viacers mesta . dediay boiy
mohamedlnmi vypalens. vrs3de-
ME vykonane bolo naboSeAske- s.
ho fanetismn.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-01-02
PODPALAC PO POLROCNOM
VYSETROVANI CHYTENY

V tieto dni primal sa k podpa-
laGstvu Carl Mezo, udajuc poll
eli, ze "a. maja podpalil svoj ga
radz v (. 1748 Market St. a ne
poskodene nastroje po poziari e.
Ste poskodil pochodnou, ably mo-
hol skolektovat' cell poistku. Me,
zova, ktory je Mad ar, prezradil
udajne jeden zamestnanec, ktore-
mu Mezo nechcel zaplatit' "a MI.
Ganie.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-01-02
5-DNOVY TYzDEN
PRI STAVBACH

VSetci stavebm robotnici v O.
hio bud1 mat toho roku 5-dilo-
w pracovny tyzden, pocnnc Cd l..
januara, oznamil Thomas Russell,
zastupca unie. Tento kratky pra-
eovny tyzdeh boil preto ujednany
so stavitel mi, aby elm Wac robot
nikov malo pracu.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-01-02
FALoSNE U6AsTINY
FOX FILM SPoLotNOSTI

V Chicagu prisli na stopu falos-
nym lcastinam Fox Film SpoloG,
nosti. Tychto dcastin bolo preda-
ne "a $ll4,OO0. yerejnost je Wy.
strihana, aby nekupovala hcasti.
ny cd nezn&mych brokerov.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-01-02
FoRDOVI ZAMESTNANCI
DOSTANG 2 M1I0NY

Ford Motor Co. oznamila, lie
zamestnanci, ktori 81 ukladail IL
spory investitnej zakladine Fora
dovej spoloenosti. dostann teraz
10 percentove lroky. v obnose .
miliony dolaroy.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-01-02
EDwoN oBDARIL PAPEzA

Thomas A., Edison. postal sv,
Otcovi ku vianociana aparat ma
rekordovAnie diktovania, ktory 81
Papez vysoko cent a postal Ediso-
|novi plps3sky zlaty medal.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-01-02
loD REDAKCH.

Al toto cfslo nGteni snse vydat'
no Styroch strankach priciny
sviatkov.
The Washington times., 1931-05-08
Here's Complete ':Dope"
On Preakness Tomorrow

PIMLICO RACE TRACK Md, May s-Trainer James Rowe
has nominated Twenty Grand, Anchors Aweigh Surf
the fOrtyfrst $4,000
The entry is 6o5 to win
sxteenthS event. which be run as the fifth
The makeup of the Preakness field follows:
The Washington times., 1931-05-08
JAILED, HE GETS
180 DAYS MORE

Warren Harrington, who is now
serving a 90-day term in the Dis
trict Jail on several bad check
charges, today was sentenced to
a total of 180 days more on five
new charges by Police Court
Judge Gus A. Schuldt.
A week ago Harrington was ar
raigned on the bad check charges,
and declared that he could not re-
member anything about the cases.
Today, however, he entered a
guilty plea, and was given 80 days
on each of four charges and so
days on the fifth. The checks
on which Harrington was SEN
fenced ranged from SIS to $12.
Assistant District Attorney
Michael Keogh informed the
court that Harrington went to a
number of physicians for eXami-
nation and then gave them
checks for more than their fees,
receiving change in cash. The
checks proved worthless, he said.
The man is listed on court rec
ords as Warren Harrington, alias
John Sisterlowe, alias Everett
West, alias J. c. Hardison, alias
Shorty"
The Washington times., 1931-05-08
Garrett Halts Third
Trial With Plea
Of Guilty

BOSTON, Mass, May 8 Il.
N.S0. Oliver B. Garrett,
former police liquor and vice
raider and so-called "czar" Of
the headquarters liquor squad,
today began a two-year SEN
tence in the Deer Island house
Of correction.
Garrett pleaded guilty late
yesterday as he was about to
go on trial for the third time
on a charge Of accepting a
bribe.
The sentencing of Garrett
closes a case which has cost
the taxpayers Of the State
100000. After his indict-
ment Garrett disappeared and
an international search was
instituted. He reappeared and
was given two trials, both Of
which ended in disagreement.
The Washington times., 1931-05-08
.RHEEM' s AIDES
FACE CHARGES.
|

(Continued From Page y
zell, j. Newton Brewer and others
associated with them on various
grounds.
The report of the Grand Jury
will be made to Justice Peyton
Gordon of the District Supreme
Court next Tuesday, according to
Mr.. Rover.
The hearing today, according
to the Government officials, is
the first of series which is to
be brought before the Grand
Jury.
w. Malone. of the Department
of Justice; A. H. Lawson, official
of the Washington Loan and
Trust Company, and G. Handy,
an accountant familiar with the
company records, testified before
the Grand Jury this morning.
Rheem on $25,OOO Bond
Rheem was arrested on a
charge of embeZzlement last jan
uary and has been at liberty on
$25.OOO bonds. The charges at
that time were based on trans
action in which Rheem is alleged
to have substituted secured notes
for unsecured notes with the
Washington Loan and Trust,
trustees for the Rheem estate.
The appearance of Mr.. Lawson
in the role of a witness before
the Grand Jury today indicates
that at least one Of the indictr
ments expected to be returned
against Rheem will be based on
this transaction which involved
$162,000 in notes which have
since been returned to the trustees
of Swartzell, Rheem and Hensey
for return to the owners.
Examination Postponed
The creditors examination of
Rheem and other officers of the
company, scheduled for this after
noon, has been postponed until
10:30 a. m. tomorrow. according
to Fred J. Eden, referee in bank
ruptcy.
The Washington times., 1931-05-08
MRS. CALHOUN
ON STAND IN
PLOT TRIAL
D. C. Natron Accuses Five
of Extortion ConspiraCy;I
Sculptor and Wife involved

Mrs. Corneia D. B. Calhoun,
society matron of Chevy Chase,
today appeared on the witness
stand in Criminal Court before
Justice Jesse c. Adkins and beagn
her story Of the alleged blackmail
threat of w. Clark Noble, inter
nationally famous sculptor, his
wife, Mrs. Emily B. Noble and
three others through which, she
claims they sought to extort
5000, 900 from her.
Attorney Charles w. Arth,
counse for James F. Bird, also an
attorney and accused in the con-
Spiracy to blackmail plot, made
the ony opening statement to the
jury before Mrs. Calhoun was
called. Counsel for the other de-
PENDANTS reserved their state
ment.
Deputies In Office
Assistant U. S. Attorney Irving
Goldstein, who is in charge Of
the prosecution, lead Mrs. Cal
houn through the story Of the
maze of conferences which took
place during the early stages be-
ginning with a call made upon
her by Mrs. Anna M. Hillenbrand,
another defendant early in July,
1929.
Noble and the other defendants
were arrested in August, 1929, by
Deputy MarShaIs placed in Birds
office by Department of Justice
agents when the final conference
was being held.
At this conference the defend
ants were rendered a contract Of
release containing what the gov
ernment claims were elements OF
blackmail, through which they
were to receive $4,000 from Mrs.
Calhoun and her husband, Capt.
C. C.. Calhoun, in full settlement
of the sculptOr'S claim against
the Woman's Universal Alliance.
The Alliance is an organization
devoted to the erection of a me-
mortal to motherhood and is Spon-
sored by the Calhouns.
Payment Is Claimed
Attorney Arth asserted that the
Department of Justice through
it's operatives had injected into
the case all the elements Of black
mail which it contained and the
defendants were blameless. At
that time Mr.. Bird was personal
attorney for the Mobiles, Attorney
Arth told the jury, and was in
terested solely in recovering the
money which Mr.. Noble claimed
the Calhouns owed him for the
use of his design for the proposed
memorial.
The Washington times., 1931-05-08
UNITED ATTACK
ON TRADE ILLS
IS URGED
League Of Nations Economist
Pleads for Cooperation at
World Chambers Sessions

After discussing industrial prob
LENS, unemployment, wage levels
and the plight of agriculture, the
sixth congress of the Interna.
tional Chamber Of Commerce de.
voted its session today to COM
mercial policies, hoping to pave
the way for an increase in COM
merce between all countries.
Cooperation Urged
Speakers from a half-dOzen ma.
tiOns pictured the free flow of
commerce as the only solution for
the worlds economic ills. The
elimination of tariff barriers was
urged again, as in every other
session.
The highlight, however, was an
appeal by Walter Stuck, repre-
sentative Of Switzerland on the
League Of Nations economic com.
mittee, for greater international
economic cooperation" Only by
the cooperation of all nations, he
said, can the economic problems
Of the world be solved.
Mr.. Stuck told Of the failure Of
movements in Europe for the
declaration Of a tariff truce and
for the adoption of universal free
trade. He said the program had
been endorsed by various govern
ments only to meet with insur.
mountable obstacles when efforts
were made to adopt it.
The Swiss economist endorsed
the trade agreement between
Great Britain and the eight in
dustrial nations of continental
Europe. He declared this treaty
was the "only hope of success" at
present.
Canada's Stand Explained
The position of Canada in the
field Of commerce was explained
by Floyd Chalmers, newspaper fl
nancial editor of Toronto. He
declared Canada was steadily in.
creasing her foreign trade with
nations other than England and
VIC SAALOCO OI61GCO. 111o CO111L11S14O
about Canada's tariff policies was:
Protection to maintain the
standard of living without un-
duly raising the cost of it is
the noble experiment. upon
which we have embarked. Yet
1 do not believe the working out
of the policy will give Canada a
tariff as high as that Of most
protected countries. The final
increase in our tariff may be
very small. Our tariff has al
ways been dictated by our
needs; it has never been retalia-
tory, defiant or unfriendIy."
The afternoon program called
for another series of group discus
Sions of new commercial policies
air transport, double taxation,
production problems and CONNER,
cial arbitration.
The Washington times., 1931-05-08
TARIFF TRUCE
. ALSO TO Be
SOUGHT
Free Flow of Labor and Cut
In Governmental Budgets
Among Recommendations

"A wholesome program Of meas
IlreS to restore prosperity to the
world was being formulated to
day at the sixth congress Of the
International Chamber Of Com
merce, with outstanding business
men pledging international CO
operation in meeting industrial,
financial. commercial, and agri-
cultural problems.
It appeared certain the con-
greSs would recommend the curb
ing Of agricultural over.produc-
ton, establishment Of easier in.
ternational credits, rehabilitation
Of emigration, reduction Of gov
ernmental budgets, lowering Of
tariff walls, and PRONUNCIATION Of
regional free-trade agreements as
steps for ending the world de-
preston.
Silent on Russ Dumping
The congress also viii recon-
mend an international conference
to stabilize silver prices but will
remain silent on the subject Of
Russian dumping.
Resolutions are being discussed
this afternoon on the floor. A
1aSt-minute effort was made to
bring out into open discussion
the question Of "silver and
reparations."
Senator King Of Utah this
morning offered a resolution,
which was adopted, that will call
for an international conference
on the subject. This effectively
blocked any open talk on the
subject of silver.
ReparatiOn Talk Likely
It is expected, however, that
before the Congress adjourns to-
morrow night, the question Of
reparations will have been
brought out by one Of the central
European powers and discussed
ut length in open session.
The congress may give its opin-
ion about the extent Of depreS-
sion but it will hardly predict
when it will end, since every
speaker has declared the end Is
not in sight. There has been
an unanimity of opinion among
the great business leaders Of the
world. who are attending the seS-
SionS, that the world has hit the
bottom Of depression. There also
has been general agreement that
recovery will be slow.
Some of the recommendation
OF the congress, If it follows the
recommendations Of it's special
committees, will be:
1NDUSTRY-Removal Of ex.
port and import restrictions and
prohibitions wherever possible;
international cooperation Of
banking circles to steer credit
facilities into the nation, where
fresh capital is needed; a gentle
hint possibly for the reduction
Of wages, especially in European
nations.
Tariff Truce Sought
TARIFFS-Proposal Of o truce
against any increase In tariffs
and q recommendation for the
lowering of tariff duties where
ever possible.
UNEMPLOYMENT - Rational
ization of immigration to keep
the flow of labor into countries
where it is needed. There may
be suggestion for the "free mi.
grafton Of men" without "un-
'lrmountable hindrances," which
Id be a rebuke to the Ameri-
elective immigration law.
e = Recommendation
Iction Of Governmen.
md some measures
The Washington times., 1931-05-08
SteepIechase Spill
Hurts JOckey COOpeT

DEL MONTE, Calf, May 8
QNS0 Jockey Roger Cooper,
professional jump rider from
Louisville, KY. today was suffer
ing from a possible skull fracture
and internal injuries as a result of
a spill here yesterday in a Steeple-
chase race.
His mount, Buddy, owned by
the San Carlos Stable, broke his
neck when he fell on the thir-
teenth jump.
The Washington times., 1931-05-08
SLEDS RESCUE
COURTAULD
CONTINUED From Page -


dock at Copenhagen with the
entire party on August Is.
News of Courtauld's rescue was
broadcast to the world by Capt.
Ahrenberg.
Taking off from the base camp
Of the Watkins expedition near
Angmagsalik, Ahren berg flew
northward to the ice cap where
Courtauld went into voluntary
exile and isolation to spend the
winter testing air currents and
velocity on behalf of the expedi-
ton, whose object was to deter
mine the feasibility of a regular
air route across the Arctic Circle.
Flying as low as safety would
permit, Ahrenberg reconnoitered
over the 7,500-foot high ice cap
and at a spot 124 miles inland he
sighted Courtauld's hut.
Believed He Had Failed
The Swedish airman then de-
scended rapidly and Scrutinized
the shack and surrounding terri
tory carefully. The missing man,
for whom airmen and explorers OF
three nations had been searching
for weeks, was nowhere to be
seen.
After ascertaining that Cour-
tauld had not wandered away
from his hut in search of food
or aid and fallen victim to the
rigors of the Arctic, Captain
Ahrenberg reluctantly turn e d
back to Angmagslik, prepared to
report his failure.
He headed back over the route
taken by the dog sled party under
Watkins, for part of his task was
to drop food and supplies to
the reScuerS.
Ahrenberg sighted the sIedge
party a few miles from the site
of COurtauId's hut. He saw four
men in the party, and knowing
Watkins had left AngmagSalik
with only two aides, the airman
Immediately realized his search
was at end.
He flew low over the party,
and by means of pre-arrangtd
signals ascertained that Courtauld
was among the number, appar-
emily in good enough health to
trudge along behind the dog-sled.
Ahrenberg dropped sufficient
food supplies to enable the party
to reach AngmagSalik in safety,
and then advised the base camp
by radio of the success of the
Watkins expedition.
The point where Courtauld was
seen by Ahrenberg indicated
Watkins had reached and res
cued the marooned scientist only
a few hours before the flier had
located the hut by air.
LONDON, May 8 G.N.SJ.
News Of the finding of Augustine
Courtauld brought unrestrained
joy today to his family and
friends in London.
Samuel Courtauld, millionaire
BRUSH manufacturer ana 1aCher
of the young scientist, received an
official message from Copenhagen
confirming the news of his sons
rescue. He said:
"The strain Of waiting has
been terrible, but 1 have had
every confidence in the brave
men who at considerable per
sOnal risk undertook the task
Of searching for his isolated
post while any hope remained"
Courtauld's fiancee, Miss Mollie
Montgomery, was overjoyed at the
news. She said:
81 never doubted he would be
found safe and well. You see,
we are to be married this sum.
mer. He Just had to come back
for that"
The Washington times., 1931-05-08
Rain Due Tomorrow;
Ten1perature Rises

With clouds lowering over the
city, the Weather Bureau an
nounced today that no rain is
expected until tomorrow night
when there will be showers.
The humidity was 88, and the
emperature rose to So at noon
it'll no rise expected over ye.
days maximum OF IS.
The Washington times., 1931-05-08
BLOCKS
WORLD TRADE,
SAYS BR|TON
United States Commerce Wall
Is AssaiIed by Economist,
Who Urges Its Removal


An American tariff wall is
blocking international trade, i'm.
peding international debt settle
ment, and In the end will react
unfavorably on the American con-
sumner, w. H. Coates, British
economist. told the international
Chamber Of Commerce today.
TAX On Consumer"
Coates speech came unexpect-
edly during the plenary session,
and was not on the program. It
comprised the most vigorous at
tack on American tariffs the con-
gress has heard. He defined tariff
as taxes on the consumer and
warned that unless America
lowers its tariff walls, Europe will
shut out American products, He
said:
"The world wants American
cars, for instance, but we will
shut them out il you will not
take the products of our eff.
cheney, whatever be their form,
or whatever their nationality"
Calls Tariff Red Light
Coates termed high tariff as a
red light in the trade traffic
highways of the world. He urged
the international chamber to call
on all governments to "black out
the red traffic light, before which
trade traffic now haltS in help
less immobility," and added:
when this Is done those
whose task it is to drive inter
tiOnal trade may once again
proceed at full speed under the
golden lights Of caution and the
green lights of freedom"
The English economist con-
tended that the importer or ex.
porter does not bear the burden
Of tariff, but that in the end it
is the consumer who pays the
price. Tariff, he added, blocks
the movement of capital between
nations of the world.
Not Worth Its Price
He conceded that high tariff
stimulated nationalism in indi.
vidual countries, but pointed out
that this nationalistic stimulation
was not worth the price. Re.
garding international debts, he
said:
"These debts can only be
satisfied by the transfer Of
physical goods or services
across international boundaries.
We need not inquire how inter
national debts arise. They are
with us. Their liquidation de-
pendS upon the movement of
goods, the export on the one
hand, and the import on the
other. Obviously the exports
must be by the payer of the
debts, and the imports by the
receiver.
Tariff Excludes Goods
"When tariff excluded goods,
They prevent payment Of inter
national debts of all kinds. 1t
is no anSwe.' to say there is no
tariff tax on raw material, If
the debtor has few or no raw
materials to sell.
"The international war debts
are owed by industrial nations.
To shut out their offered pay.
ment in manufactured goods,
is unreasonable and ironic."