Nogales international., 1933-04-22
F. EDITORIAL p 4 G. E
CRAIG POTTINGEk

various state and local taxing units
about ten million dollars, which is
a lot of money. Some brewers sent
President Roosevelt a few cases Of
beer which arrived at the White
House just after midnight on the
day when it's sale was legal. The
President gave the beer to various
friends and that vas that.
What is worrying the vets is thai
Mr.. Roosevelt has not said anything
about the repeal OF the 18th amend
ment. The Presidents friends reply
that there isn't anything for him to
say. The repeal amendment is
now up to the states, and most OF
them have arranged or are arrang-
ING for conventions at which either
to ratify it or turn it down. 1t S
hardly likely that Mr.. Roosevelt will
use his influence one way or the
other.
Invitation To Nations
The really important development
in washington is the invitation by
the President to the heads OF eleven
other nations to come to Washing
ton to see him, or to send somebody,
in order to talk over the world eco
mimic situation and get ready for
the World Economic Conference,
which is to be held in London IN
July. Ramsey MacD Donald, Prime
Minister of Great Britain, was the
first to accept. All of the other ma
tions are sending their best men.
The President plans to talk to each
of them separately, get them to
agree to something to which they
will stick when the conference is
called, in the hope that some line
of action can be arrived at which
will start commodity prices moving
upward, stabilize the worlds curren-
cies and move the wheels Of inter-
national trade again.
This is not an altruistic project
to save the world. The President is
undertaking something for the sake
of the United States first and the
world at large in consequence. What
ever we put in the pot he expects
us to get back with something be-
sides. The old foreign trade policy
of the United States has been de-
finitely scrapped.
No longer will the effort be to
open foreign markets to our goods
while barring foreign goods by
means of high tariffs. That is cer-
tain. So when the President starts
to persuade other countries to lower
their tariff barriers he must have
in mind that such program can
succeed only if we rearrange our
tariffs to permit the sale Of foreign
goods in this country.
Time For Reciprocity
The need for this reciprocity on
our part is inescapable. For even it
we could trade our war debt claims
for a lowering of foreign tariffs on
our exports, without reciprocal ac-
ton on our part we would get no
where. For, as the Presidents ad-
visers point out, there is no earthly
way for other nations to pay for our
goods unless they can sell lis t:ti'
goods.
I Wise observers here say that the
policy of economic national;sln"
has been definitely scrapped by the
invitations to Great Britain, France,
Italy, Germany, Japan, China, Ar
gentina, Brazil, Chile, Mexico ana
Canada to talk over international
economies at washington. Some go
so far as to suggest that the Lea
que of Nations will be functioning
here more strongly than at Geneva.
1t seems likely that more immediate
and tangible results may follow these
conferences than have followed the
Leagues action, for in this case the
United States has the whip hand
and can apply economic pressure to
make the other nations come to
reasonable terms.
Must Have New Revenues
That there will be some new forms
of Federal taxes to make up the
vast sums which are to be spent in
the various projects for relieving
the domestic situation seems as GER
tain as tomorrow'S sunrise. Nobody
knows yet what form these new
taxes will take.
The original idea Of the Admins
tration of lending money based on
Federal credit only to self-liquidat-
ing public works seems TO have been
abandoned. There is not enough of
a. L. -