Evening star., 1932-11-20
HULL ASKS TRADE
BARRIER REMOVAL
Time Here for Economic Dis
armament" Tennessee
Senator Declares.
BY G. GOULD LINCOLN.

The time has come for economic
disarmament" as well as military, if
the present ills of the United States
and those Of foreign nations are to be
| cured, Senator Cordell Hull of Tennes-
see, widely recognized as an authority
on tariffs, tax legislation and interna-
tional trade, said in a statement issued
last night.
Senator Hull, who may be expected to
play an important part in the framing
Of the economic program of the coming
Democratic administration, wants the
| United States to take the lead in a
movement to break down the barriers
raised against international trade. This
trade, he points out has shrunk from
s55,00000 200 annually to something
like $12,000,000,0o0. An appalling
shrinkage, carrying in it's wake dis
aSter and ruin, financial collapse and
vast unemployment and poverty.
To the Tennessee Senator the inter
governmental depts problem is, after all
minor matters as compared to the need
Tor releasing international trade.
Simultaneous Action Desired.
He insisted that the withdrawal of
trade restrictions By this and other ma
tions simultaneously, SO as to make it
possible for the workers and farmers in
every land to move their surpluses, is
The answer to the problem.
This and otner countries" said Sen
ator Hull, unless they would run the
risk or 1urther uncertain ana unsound
business conditions, must, without fur
ther suicidal delay, choose between
moderate tariffs ana liberal trade poll
cles, which would contemplate full en-
ployment of labor with the highest llV-
ing standards and the restoration of
! agriculture, or they must choose the
! present policy of virtual embargo tariff
and trade distractions, with output of
| production limited to domestic con-
sumption, and with pools, valorization,
/ pegging Of prices, subsidies, bounties
and su5ventions daily clamored for at
! the seat of Government by most i'm
! portant groups and industries
! 'Three-fourths of the worlds popula-
! ton are living" he said, below the
poverty line"
/ Asks Freer Trade.
| Senator Hull is not clamoring for
free trade" but for freer trade. He
was for a long period member of the
! House Ways and Means Committee and
since entering the Senate has become
/ a member of the Senate Finance Com
mittee In 1918 he was the author OF
/ the income tax law and in 1916 when
! the law was revised. He also wrote the
Federal estate tax law in the latter
year.
The Tennessee Senator has kept in
close touch with the preliminary steps
| being taken in Geneva for the projected
! international monetary and economic
| conference. Americas representatives
on the steering or organizing commit
! tee for the conference are Ambassador
/ Sacket and Norman Davis. The United
! States will participate in this confer
ence, but it has been forcefully lntl-
mated that the United States Will not
! agree to confer regarding the inter
! governmental debts or tariff rates. Sen
ator Hull does not believe in shackllng
the conference if there is to be any
/ good come of it.
No date has yet been set for the
/ economic conference. Ramsay Mac
! Donald, the British prime minister, IS
Continued on Page 5, Column -