The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1944-07-13

worker than ever before. Ihe pur-
chasing power of the millions Of Amer
ica's workers, deprived Of their war
plant jobs, will necessarily dwindle to
| but fraction of what it Is at present
European nations are broke. The en-
slaved workers Of Continental Europe,
as well as those Of Japan, have little
| if any, purchasing power. These work
ers will have but little purchasing
power until their industries are re-
built When these Industries are re-
built, (Which will not take long) and,
with the tremendous casualties result
| ing from the five years Of war, il is
but fair TO assume that these indus
tries will be equipped with the latest
and most automatic machinery then
available. What will they db with the
products of this automatic machinery
and their low labor costs of operation? ?
| With the present low tariff rates in
effect, based on the fallacious system
of levying tariff duties on foreign
valuation, which permits the foreign
exporters to control our tariff rates
it is safe to assume that the Interna-
tional Bankers, who expect to finance
the rebuilding of industries in foreign
countries. will seek security for their
loans and investments by the sale Of
competitive products of these foreign
countries in American markets for
American dollars. If, and when such
| happens, what becomes of the job op-
portunities of Americas workers en-
ployed i'm the production of competitive
goods? Some may believe that our
political leaders, realizing such dan
gers, will, of their own accord, fore
seeing that such would promote bread
lines in our industrial communities,
would enact the necessary legislation
to prevent such happenings. i am not
so optimistic.
The reason / am not so optimistic
| is because our political leaders, know
ing full well that prior to our entry
into World War III, we were the vic
| tins of an economic war, carried ON
| by our own Allies, since early in 1910,
have not even yet done anything to
|
| Jobs of Americas workers. For the
past four years the United Kingdom,
France, Belgium, the Netherlands, and
the Colonial Empires of each, as well
as other countries beholden to them,
have either prohibited entry of Amer
| lean goods into their countries or re-
fused to issue licenses to permit entry
of American goods.
For the declared purpose of con-
serving foreign exchange, particularly
dollar exchange, the various import
controls were utilized so as to cOncen-
trate purchases so far as possible with
i'm the British Empire"
"This British system of blateral
trade and exchange is reported TO be
operating as material limitation upon
United States trade with certain coun-
tries, particularly Latin America"
"As the year progressed, 0940),
most of the British colonies enlarged
the list of products that could be inn
ported from non-sterling or non-Empire
areas only under license"
The frequency with which import
restriction systems adopted since the
war i'm the British colonies has been
limited TO non-sterling areas reflects
again the British concern over con-
serving foreign exchange. These are
reported to have materially curtailed
importation of American products into
number of colonies for which the
United States had normally been the
principal source of supply"
"Broadly speaking, it appears that
the wartime controls of Great Britain
and France are operating to curtail
materially the importations from the
United States of many agricultural and
other products which normally consti-
tute large part of American sales in
those markets" (European).
"A considerable number of com
modities, normally shipped in substan-.
tial volume from the United States to
Great Britain and France, are report
ed to have recently been either pro-
hibited importation into those markets,
or seriously curtailed nder their
license or exchange controls"
Wartime Measure:
"The prevailing policy is for the
Government to refuse permission for
imports from countries other than
those whose currency is blocked with
the Franc-namely, England, Austria
ia and New Zealand-unless the mer
chandise desired is essential and can
not be obtained from the three cOun
tries specified or from France of Il
French Colony"
"The New Zealand Government has
announced that no motor vehicles,
either assembled or unassembled, will
be imported during the first half of
1910, except unassembled vehicles of
United Kingdom origin"
+ France-United Kingdom:
1T is reported that when it is at
all possible to acquire the desired
goods in the United Kingdom or ster
ling exchange areas, importers are ex-
pected to do so and will be given
licenses for this freely"
"All jmDOrtS from nOD-Stprling conn |