Last week the House Committee on Interstate and Foreign Commerce opened its investigation of foreign control of raw products—the "mulcting of America" by control of production and boosting of prices.
The hearing was opened with Secretary of Commerce Hoover speaking:
"The world has often enough seen attempts to set up private monopolies, but it is not until recent years that we have seen governments revive a long forgotten relic of medievalism and of war-time expediency by deliberately erecting official controls of trade in raw...
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