Republicans, farmers, Midwest dairymen, Far West cattlemen and many another tariff-protectionist have been baying for months on the trail of sad-eyed Cordell Hull, Secretary of State. The whole pack wanted to head him off before he completed a reciprocal agreement with farm-growing, cattle-producing Argentina. The farm-hounds tracked him to Congress, prepared to corner Mr. Hull, kill his program of peace through trade agreements.

Suddenly last week came news from Buenos Aires that the U. S.-Argentine negotiations had broken down. The pact had disappeared into thin air. Puzzled, the hounds circled vainly, whimpering disappointment. The good grey fox, Mr. Hull, chuckled...

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