Evening star., 1940-01-17
Trade
Continued From First Page.)

oSiCClilCIllo WOulu Ue IlOG lIleIcly
check on the authority to be exer
cised by the Executive, but com
plete blackout. Let there be no mis-
understanding on this score, and n
mincing of words: Ratification /
tantamount to repeal.
Here are the facts: In the Who'll
history of this country there wer
only three reciprocity treatle
which secured congressional ap
proval, namely. those with Canad,
in 1854, Hawaii in 1875. and Cub;
in 1902. All three of these case
involved countries with which W,
had close geographic or politica
ties.
"On the other hand, there wer,
negotiated, under either general O
specific authority. about % reci
procity treaties subject to congres
sional approval, and of these no
single one became effective.
I'm contrast to this record, prio
to the enactment of the Trad
Agreements Act, some 26 agree
ments were negotiated and mad
effective under status which callet
for no congressional approval. T,
this total must be added the 2.
agreements (and two additiona
supplemental agreements) which
have been negotiated and becam,
effective under the present Trad'
Agreements Act"
Farmers, LabOrers Held Aided.
The Assistant Secretary insisted
that the agreements aided the eco
nomic status of American laborer,
and American farmers, two group;
IN whose names the program has
been criticized. Of labor he said:
1T is certain that the No. prob.
lem of the United States today i.
to expand productive employment
for the American people.
I'm the solution of this problem
the trade agreements program is
providing an essential contribution
by promoting the healthy expansion
of foreign markets and consequently
of domestic employment. 1t is re-
storing jobs in those excess ca.
pacity industries where inactivity
has brought distress. The fact thai
about one-half of our exports con.
sisted, in 1888 as in 1929, of finished
manufactures representing a cross.
section of American industry, indi.
Gates the ability of great many
of our industries to compete sue.
cessfully IN foreign markets despite
the higher wages and shorter hour.
which characterize American indus.
try as a whole"
The program has helped the
farmer, Mr.. Grady said. 1t ha.
increased his export market ane
not lost him his domestic su.
plemacy, he said, adding:
For all practical purposes, the
American farmer has the American
market
Denies Dairymen Hurt.
Assistant Secretary Grady, rec.
ognizing objections from dairymer
over concessions in the Canadian
agreement said the American
dairyman has 99.5 per cent of the
American market. Pointing to 6
chart, he said to the committee:
You will need a pair of fielc
glasses to see the graph of micro.
scopic dairy imports during the
past two years."
The American farmer has 100 pei
cent of the American corn market
he said. observing:
I don't know any way in which
that share could be increased"
Mr. Grady, referring to the pre-.
trade agreements tariff law as "em'
bargoes," attributed much of oul
gold holdings, now amounting tt
s18 ,00O,O 100000, to high tariff policies
He remarked:
THE gold is being put into ar
ornate hole at Fort Knox. I sup.
pose in days to come we will senc
our children out to look at it
monument to misguided com
mercial policy"
Mr. Grady recalled that yesterday
A. Manuel Fox of the Tariff Com.
mission brought out before the com.
mittee that one reason for the col.
lapse of our negotiations with Ar
gentina land at the same time it,
neighbor Uruguay for a trade
agreement was due to Argentine
discrimination in favor of Great
Britain and France.
Seek to Clear Up Discrimination.
,"Our policy" Mr.. Grady said, "is
to make agreements as fast as pos
sible with discriminating countries
and clear away the determinations
I'VE can take measures agains1
discriminating countries. We die
with Australia, and after veal
Australia stopped discriminating.
But we get further in eliminating
Determinations against us where
they exist. That's why am disap
pointed we did not reach agree.
ments with Argentina and Uruguay.
At the State Department it wa
said that the exchange situation
between Britain and France ant
Argentina was discussed with tn
first two countries in December fo
the purpose of obtaining informa'
ton while negotiations weie I'M
der way for a trade agreemen
with the Argentine.
Argentina announced, said Rep
resentative Woodruff, Republican
of Michigan, that she would bu!
from no other country anything
she could obtain from Britain ant
France.
That indicates" he said, "tha
she had an agreement with thos,
two countries so favorable that sh'
couldn't afford to accept any propo
sition presented by our Secretary o
State"
DR.. Fox replied that negotiation