Evening star., 1933-12-10
tcontinued From First Page.)

stinctively dislikes production control.
He does not like to see land idle and
people hungry at the same time The
carriers dislike production control be-
cause It cuts down loadings. The proc
essors dislike 1t because Of the process
ing tax. The consumer diSlikes II be-
cause 1t adds to the price of food.
Practically the entire population dislikes
our basic program Of controlling farm
production. and they viii do away with
ttAnless We can reach their intelligence.
We must show very clearly the need Of
continuing our program II we are to
save IN some part the institutions which
We prize.
: Enormously difncult adjustments con-
front us, whatever path we take. As
! view the problem, there are at least
three paths - internationalism, ma
ttonalism or q combination of the two.
We cannot take the path Of inter-
import about 81 900, ,000, 900 more goods
than we did In 1929. What tariffs
should We lower? What goods should
we import? And how much of these
goods?
Tariff adjustments involve planning
Just as certainly as internal adjust
ments do. Even foreign loans in
volve-or should involye-a certain
amount Of planning. When we en-
barked upon that terrific expansion of
foreign loans in 1921 we did not plan.
We did not then, In our boisterous
youth, have the same view that Eng
land had after the Napoleonic Wars.
Rather consciously, England placed her
loans with longtime program Of i'm
ports and an exchange Of goods in
view.
Planning Must Be for Long Term.
Our own adventure was only from
the short-time profit consideration. Few
Americans realize even now that 1t
q plan of internationalism as 1t does to
follow the path of nationalism. The
planning Is of different sort and is
not as apparent to the rank and file
of the people.
II we In the United States are to
follow the path of internationalism we
must have both political and financial
leaders in whom we have confidence.
The people themselves must be in on
the plan. They must be willing to
stand by It, not for 4 years only, but
for at least 10 or Is years.
A plan Of this sort for the United
States means that certain industries
which are either ineficient or have
used the tariff to enjoy what essen
TALLY Is a monopoly profit, will be
harmed by the necessary lowering Of
the tariff. This means that If the
majority Of the people of the United
States decide on internationalism as
longtime policy, they must be pre-
pared to stand up against the political
pressure coming from the minority
groups.
In examining the path of national
ism, we find ourselves confronted with
difficulties fully as great as the in
ternational course which I have just
described. Under nationalism We must
be prepared to make permanent the
retirement of our 10000 900 or 50.-
900 900 surplus acres of crop land. II
the bulk of the people finally decide
for nationalism they must be prepared
to resist those groups who try to get
farmers to produce for q foreign mar
ket which no longer exists.
Today there are probably millions Of
people In the United States, Democrats
and Republicans alike, who want to
play the same old game all over again.
They want to see us lend fresh hun
dreds of millions of dollars to foreign
nations so that they can buy goods
from us, while at the same time we
increase our tariffs another notch.
Complete Change In Psychology.
Foreign loans are all right. provided
that at the time we make them we
know that we are certain to have a
tariff policy which permits their repay
ment. This means q totally different
kind of tariff policy than any we have
ever had in the past. It means a COM
plete change in the psychology Of the
American people. Ideally 1t means that
when we make loan we know ap-
proximately the quantities of the differ
ent kinds of goods which we are going
to accept from that nation In repay
ment. 1t means that we play the
game in an even more conscious way
than England has played it with Ar
gentina. England lent money to Ar
gentina to build railroads and fur
nished the railroad equipment to her.
In return England received wheat and
cattle from Argentina.
With us the necessity for definite
planning in our loans and our tariffs
RESORTS