HOOVER’S PROMISE

Hokitika Guardian, 7 November 1932, Page 5

HOOVER’S PROMISE

HIGHER TARIFFS

7* FOB N.Z. AND OTHER EXPORTERS

(United Press Association —By Electric

Telegraph—Copyright;

NEW rYORK, November 4

Aboard the presidential .special train en route for the west, a renewed -pledge to keep foreign farm products milt of the United'States’ waS'given on Friday by President Hoover-Pin a' speech that he prepared for delivery' at Springfield, Illinois. The speech’ was made public aboard the* Jfcrain as he continued his campaign-through Indiana and'lllinois. "

“Already foreign farm" products, such as butter, port-products, cattle, and competitive oils’ have began to flow over our borders,” he said, “in with our AmbWtiit'ft’ farmers, and these have contributbd largely to the depreciation of-’prices.• > 1 Mr Hoover continued ; ’‘Particularly is this so with fariri' products fl'om Canada, New Zealand) the Orient ami certain European coUiitries. This Is the effect of the depreciatioh of foreign currency. It thus" affects the ability ©f trtit competitors id agrieiiltiirai products fce ship goods into otif markets when their currencies are depreciated, end their prices and' their wages are decreasing; in comparison with ours. “This ennbl’w them to penetrate our tariff wall.’ Fortunately the Republican Party hiaa secured the establishment of authority in the tariff commission bv which our tariff! can be re-examined' in -’iUst such’ an 'Cvent as this. I have lately' given instnieticms +o the tariff bonimissibn td ; re-examire certain of our agricultural tariffs "with the object’ of them presenting to me the actual'facts of the difference in the. cost of production af-'i'-liomb .w fl abroad; and certainly, if those facts are developed as they appear I shall promptly act in relief of our farmers.”

HOOVER’S REPUBLICAN CLAIM.

MADISON, (WisCbtfSin), Nov. 5

Carrying l , his campaign’ into the heart of' Wisconsin,' of the

progressive Republicans, ’’-‘President Hoover told • the Crowd that j a mmed every part of the. big arena, there on Staurdajv, that, with ‘ economic -*'adv.ances now ip, evidence there should be no interruption iri the politics that have brought this about. Describing the world condition, President Hoover said that his Administration’s measures had averted dan-

gers that would have meant tragedy for a gefiefation. ‘‘Rbcidrds" show .that tneft affe rStuiffiihg tb work at the rate of half a milliorl ri'e.r mbfith,’*-so the President said, fl-sS&rtiiig'' thai RepubHoatt ttiebsiires are wi’fihlng "out.