Foreign News: Roosevelt & Rebirth

(See front cover)* Even the late, great Theodore Roosevelt was dragged last week into Britain's Imperial Conference tariff controversy (TIME, Oct. 13). Free traders dug out a letter posted to English Editor St. Loe Strachey by President Roosevelt in 1906.

"As for protection and free trade," wrote the President, ", I am confident that protection would be most damaging to Great Britain. As regards the United States, I think I told you that on this point I am rather an economic agnostic.

We have certainly prospered under protection and I have seen the prophecies...

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