The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-09-21
EXPORT TRADE
PLEA SOUNDED
BY ROOSEVELT
Seattle Speech Advocates
Reciprocal Tariff as
High Wall Cure.
ON WAY TO PORTLAND
Crowd of 100000 Greets
Him on West Coast;
Utilities Talk Next.
BY FREDERICK A. STORM
United Press STAFF CORRESPONDENT

Onlbe0 freSS STAN Correspondent
ABOARD ROOSEVELT SPECIAL,
EN- ROUTE TO PORTLAND. Ore.
Sept. Ex-Governor Franklin D.
Roosevelt moved southwark toward
Portland today for a speech on wa
ter power and public utility regula-
tlon, after tumultuous welcome in
Seattle, where he advocated a
reciprocal tariff" to restore Ameri-
cas- export trade.
This tariff, he said, will be a rem
edy for the high tariff wall set up
about the United States by the Re
publican administration and result
mig in retaliatory tariffs that
started us on the road where we
now find ourselves, the road to
ruin"
His Seattle address, intended at
first as just brief welcome to the
crowds that packed the Municipal
auditorium, turned out to be, in
the opinion of observers, one of the
most important utterances of the
tour thus far.
AssaiIs G. O. P. Leadership
He enunciated his tariff policy.
assailed the Republican national
leadership, went further into the
silver question and wound up with
an appeal for united support for a
new DEAL"
An enthusiastic audience of DEM
ocratS that crowded every inch of
space in the vast hall heard him.
They frequently broke into ap-
plause as he stressed various points
in the speech, and anticipated a
party victory in November.
Referring to the Hawley- Smoot
tariff, Roosevelt declared president
Hoover should have known that this
tariff would raise havoc with any
plans he might have made to
stimulate foreign markets. But he
did not, l am afraid, sufficiently
understand how insistent are the de-
mands of certain Republicans for
special high tariff protection"
Offers Own Plan
When this tariff was passed." the
Governor remarked, with it's out
rageous rates, he weakly yielded to
the demand of these leaders and
started us on the road where we now
find ourselves and it is the road to
ruin"
He cited that retaliation was the
result of the tariff and that forty
nations set up their own tariff de-
lenses. The Governor offered a
tariff plan of his own, which he
summed up as follows:
ITO remedy this, I have advo-
Gated and continue to advocate a
tariff policy based, in large part,
upon the simple principle of profit
able exchange arrived at through
negotiated tariffs with benefit to
each nation.
This principle of tariff by ne
gotiation means to deal with each
country concerned, on basis of
fair barter; if they have something
we need, and we have something
they need, a tariff agreement should
be made satisfactory to both.
Discusses Silver Issue
This avoids violent general
shakeup of business. 1t is a just
method of dealing with our foreign
customers. It keeps the general
structure of international trade stable
and sound"
AS in Butte, Mont, the other day,
Roosevelt repeated that if elec5ed he
would Immediately summon an in
ternational conference looking to the
sterilization of silver prices.
There are many ways of pro-
ducing the results desired" he
warned, without disturbing the cur
rency of the United States"
The nominee declared that in the
whole matter of restoration of ex-
port trade with all countries, he was
determined that America shall
take the initiative and leadership"
This constitutes" he added,
what I conceive to be a new deal
in the restoration of foreign trade
lit is the way to economic peace
and stability and to reasonable and
sound prosperity"
1t was estimated that Roosevelt
was welcomed to Seattle by 100000
persons, the greatest number that
he has met or seen since he left
Albany more than a week ago.