THE CABINET: Tar if Lesson

On hearing that one hundred potent international bankers had signed a manifesto urging European nations to let down their tariff barriers (see p. 14), Secretary of the Treasury Andrew W. Mellon took the U. S. upon his venerable knee last week and told it how it was making both itself and other nations prosperous with its protective tariff.

Shrewd Mr. Mellon's lesson in rudimentary protectionists' economics ran somewhat as follows: "Now, U. S., do you know that you only make up a little over 6% of the world's population, and yet you are...

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