—Wide World Photo
Women watchmakers at Elgin, III.
'""I political favoritism. This cartel was
ut lo corner for itself the watchmaking
.'"siiiess. In order to achieve this end,
was selling Swiss watches in the
"■'■iii ein market at prices below those
"' American producers.1''
Bj 1953, 69.8 per cent of all wrist
llJl'lies being sold here were foreign
CONSUMER BENEFIT TEMPORARY
' lie American consumer weis tem-
'"'ruri|y benefiting from a relatively low
'"""'<■ mi wall lies. Tlie- payoff to the in-
, "Rational cartel was to come when it
'"' a monopoly. Then the American
"sitnier would have suffered from high
■ '"''Ii prices far more than be has ever
""efited from low prices.15
'he highly skilled ami specialized
"fleers in American watchmaking fac-
"r"s would have been thrown out of
I "'Iv and the factory owners driven to
"il thi- damage to our economy
.,'"''1 have- liee-ii infinitely less serious
r '"' lhe damage In our national demise.
." lime of war or of urgent prepa-
!°n for war American watch-
it'll s ""' ''"' ""'y people wilh the
,.'"' of the modern instruments and
"^Ics of war."
it liont a healthy, productive, Ameri-
t' ' Watchmaking industry, America in
| '''. of war would he al lhe mercy of
u eign workmen and factories, under
.control of foreign governments.
lv. " raising our tariff on foreign
!, "ps In 1954. Presidenl Eisenhower
,., ''' llii- nation from that disastrous
,i'"''II"iii: and for lhal action. In- de
lhe tools, the facilities, for pro-
[ tin' delicate timing mechanisms
"' American laborer is many times
made a bigger capital investment to
give him heller tools.
American industry could therefore
compete in any free market in the world.
The catch is lhal eliminating our tariffs
would nol create a free market. It would
drive lhe wage level of American workers down lo the sweatshop levels which
prevail in every nation on earth except
ours. Il would throw millions of Americans out of work, and it would put the
American farmer and manufacturer in
competition with international cartels
subsidized eind controlled by foreign
governments which could use them to
destroy vital American industries and
place the American consumer at the
in,nv of ei foreign monopoly.
Europe has a population — which
means a consumer market — almost
twice as large as ours. If Europeans
rcallv want free trade, let them eliminate
CTS FORUM NEWS, April. 1951
e. because private imlusiry has
—Wide World Photo
Giant U.S. rail press, largest ever built,
being dismantled for shipment to the USSR
their own tariffs and trade barriers,
which are far higher and more destructive of free trade than ours ever were.'"
CURE FOR ECONOMIC ILLS
If European politicians and American internationalists would spend less
time milking the American taxpayer ami
converting lln- American market into a
dumping ground for the products "I
foreign government-controlled monopolies and would spend more lime' trying lo create in Europe the same km.I
eif free market we have in America -
Europe could cure her own economic
It isn't dollars that Europeans need.
They need freedom freedom from the
socialistic, stateistic systems which they
launched and which we have been keeping afloat with our foreign aid.
The answer to ihe world's economic
ills is not to eliminate American tariffs.
\earlv 60 per cent of the goods we
import already come in free of all duty.
II we wen' in drop all tariffs before
freeing our own economy of strangulation taxes and controls (and before
other sections of the world establish
free- trade areas and raise their own
standards of living), we would merely
drag lhe American farmers, laborers,
white collar workers, and business and
professional men down to the level of
their foreign competitors.
1 "Traele'. Neet Aiel" leirtiele' h\ Henry |la/-
litt inserted l»> Men. Lawrence 11. Smith),
Congressional Record, Men. 23, 1953, p.
- Ih'iirv Keen! II, as quoted in Christian
Science Monitor, Feb. 18, 1953.
'■' "Higher U.S. Tariffs Weenie! Set Europe
Haek.'" Winston-Salem (N.C.) Journal
I llileleile'il clipping I .
4 Remarks eel Sen. A. Willis Robertson, Congressional Heard. Jan. 23, 1953, p, 526,
■'■ Remarks <»f Sen. A. Willis Robertson, in-
s,',t,',l hv II..ii. John C. Sti'iini-. Congressional Record, July 6, 1953, pp. A1099-
c "Free Traele Is Inevitable,*1 Rentier's lli-
gest. June, 1953, pp. ft.3-66.
7 "The Assault ein Trade' Barriers" teertirl,'
hy lleerry '.. Ke'iilie-y. Chiistiiin .silence Manilla, inserted unele-i remarks "1 Sen. Keel'
ertson). Congressional Record, Jan. 23.
1953, p. 525.
» U'nll Street Journal. \,.v. 21. 1952.
9 "31 cts,," ley F. A, Harper, pamphlet hy
Foundation for Economic Education, Im..
10 "Lowrrinii tlie- Tariff." ley John Allan Mav.
Christian Science Monitor, Nov. 23. 1953.
11 Remarks eef Hon. Cleveland M. Bailey,
Congressional Record. Jan. 22, 1953. pp.
I* Remarks e,( Sen. (..-ore:,' W. Malone, Congressional Record. Mar. 6. 1953. pp. 1692
t* Remarks eef Sen. Dworshak, Congressional
Re.ord. Feb. 20, 1953, pp. 1337-1338.
14 Remarks nl linn. And,,'). V. S, i,,.. p|.,l.
Congressional Retold. Fell. 25, 1953, pp.
'•' lliininn Events, s.ug. 1. 1954.
—Wide World Photo
Organizations like the Kromhout Manufacturing Company of Amsterdam have received
tens of thousands of dollars in Marshall Plan
aid. With these funds, American machine
tools were imported and production