THE PRESIDENCY: Sneakers & Rubbers

President Hoover last week revealed himself as an undaunted top-notch tariff Republican to the end. To a world of depreciated currencies, he made object lessons of sneakers from Japan, rubbers from Czechoslovakia. Alarmed at growing imports of such footgear, the U. S. Tariff Commission found that they were being produced abroad in terms of cheap money at less than the cost of raw materials to U. S. manufacturers in gold dollars. In 1930 Japan exported to the U. S. 1,074,096 pairs of rubber-soled shoes, in 1932, 2,467,646 pairs. Ineffective appeared U. S....

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