The Archive · 1938

G.O.P. Senators

Feat New Anglo- — U.S. Trade Pact

Possibility of America as Citing the "evils that flow from undue concentration of economic power and unfair trade. practices," Mr, Róosévélt said ihe White House door was "open to all our citizens who comè offering to assist in achieving our objectives."

Defending the Administration's new drive against Big Business, the President said the Government was "helping, not hurting, the overwhelming number of American businessmen and industrialists."

The President noted an improvement in the general understanding of the Administration's objectives despite alleged efforts to "distort" critielm of concentrated economic power.

Corrective Action Washington, Jan. 8.

Fears that an Anglo-American r ciprocal trade treaty might result in aes becoming a "dumping for British goods were expressed in the Senate here to-day.

Senator Joseph C. O'Mahoney, Democrat of Wyoming, urged that al reciprocal trade agreements, now negotiated by the Department of State, be considered by Congress before completion. He introduced a resolution requiring that ihe proposed agreements be filed in Congress for consideration at least thirty days before they are to become effective.

Referring specifically to the pro-mosed agreement with Britain, Senator O'Mahoney said that while the spirit of the agreement on the State Department's part was to protect American industries, many products "which should be protected would not be if the agreement were concluded.

Senator H. Styles Bridges, Republican of New Hampshire, said he thought the proposed Anglo-American trade agreement might make the United States a dumping ground for British goods.

"There is no doubt in my mind," Senator O'Mahoney said in introducing his bill, "that these trade agreements ate in effect treaties and really should be subjected to ratification He said he had only ional consideration'" end m ition, in order to "get some fast aetion.'"—United Press.

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account