The Waterbury Democrat., 1932-08-12

Washington = Senator Corde1l Hull of Tennessee, q recognized au- thority on tariff and world trade, recently issued the following reply to Secretary Mills and Senator Smoot who had adversely com mented on Governor Roosevelt's Albany speech: :.
 Senator Shoot and Secretary Mills, in their statements are hope iessly on the defensive. The only way to judge accurately the success or failure of Federal administra- tion is by the results at the end of, say, ten years of republican control of every department of the govern ment from 1921 to 1931., Every known republican policy has been in complete operation during this ten-year period, with such disas- trous results as no one can mistake. Secretary Mills attempt to parry the criticism of the treasury man. agement is allowing deficit to run at the rate of near $3,0O0,000,000 for 1881, is a poor tribute to his. ability.
 ''The American people.only know that Ut the end of ten years of Fed eral financing the treasury was al-- lowed to suffer the greatest deficit in the peace-time history of this or any other country, and that sole re- sponsibility rests upon the party in power. It is poor sportsmanship to attempt to divert attention to the minority party. as does Secretary Mills. maintain that any party in charge of the treasury that allows deficit of $3,000, 000.000 to pile up in time of profound peace, should be summarily thrown out of power, and allowed to offer excuses after wards.
 This is an appropriate time, too, to call attention to the official fact that the Wilson administration SUD- piled either the cash or the cash able assts with which the war debt of $26, 500, 100000 was reduced $6.- 500, 900, GOO from its peak in Au- gust 1919 during the years that have since intervened. With the re- cent increase of new public debt that will soon approach $5,OQ0,0OO,- 900 under the Mellon -Mills-H Hoover regime, books of the treasury will show that republican administra- tions have not provided the funds and reduced the government debt as much as $1,0OO, 100000 since they assumed control on March 4, 1921.
 "Senator Shoot. whose sweet smelling sugar interests are now enjoying an ad valorem tariff Of 100 per cent to 200 per cent. rush es into the fray to call special at tention to the. high wages and liv- ing standards under high tarins. suggest that he first debate this question with the 100000 uneh- ployed wage earners who at the end of ten years of the highest tarins m world history have suffered a loss of 5,00O,O00.O00 of their wages. are half starved and suffering great ly for lack of adequate clpthing and shelter.
 "Let Senator Smoot debate his out-of-da policy with the 3.OO0,- 900 persons hitherto employed in the automobile industry. but most of whom with their families are out of employment and in great dis tress because the prosperity of the automobile industry depends upon a growing export trade, most of which has been choked down by re- taiiatory tariffs of other countries. Senator Shoot could easily take on joint debates with the millions of cotton and wheat growers. and the other 75 per cent of our 25.000.- 900 wage earners who are employ ed in industries that get no net tariff benefits, but a large portion of whose production must ind markets abroad.
 "Senator Shoot. before he en- gages Governor Roosevelt. should hear from these millions of wage enrners whose pay and whose live ing standards have been hopeless iy lowered on account of the strangulation of our foreign trade and it's resultant similar effects ups | on our domestic trade, by reason or l excessive barriers of the reasonable | movement of international capital. goods and services. These obstruc- tons, under the suicidal policy of | economic isolation. comprise un. reasonable tariffs. import uu0tns, outright embaFg0es. riGid export '.