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EXTENSION OF RECIPROCAL TRADE AGREEMENTS ACT

MONDAY, FEBRUARY 26, 1940

UNITED STATES SENATE,
COMMITTEE ON FINANCE,
Washington, D. C.

The committee met, pursuant to call, in the Finance Committee room at 10 a. m., Senator Pat Harrison (chairman) presiding. The CHAIRMAN. The hearing will come to order.

The committee has met this morning for the purpose of holding hearings on the legislation continuing the Reciprocal Trade Agreements Act, House Joint Resolution 407, which will be placed in the record. I think it is well in the beginning to have inserted in the record the original Reciprocal Trade Agreements Act enacted in 1934, and the public resolution extending the original act for a period of 3 years. The committee will recall that in 1937 the original act was extended for a further 3-year period. The present act expires on June 12, 1940. I think it would be well also that the message of the President of January 3, 1940, to the joint session of the Congress, in which, among other things, he recommended that the Reciprocal Trade Agreements Act be extended, be inserted in the record.

(The insert material referred to by the chairman follows:)

[H. J. Res. 407, 76th Cong. 3d sess.]

JOINT RESOLUTION To extend the authority of the President under section 350 of the Tariff Act of 1930, as amended

Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That the period during which the President is authorized to enter into foreign-trade agreements under section 350 of the Tariff Act of 1930, as amended by the Act (Public, Numbered 316, Seventy-third Congress) approved June 12, 1934, is hereby extended for a further period of three years from June 12, 1940.

Passed the House of Representatives February 23, 1940.
Attest:

SOUTH TRIMBLE, Clerk.

[PUBLIC NO. 316-73D CONGRESS]

[H. R. 8687]

AN ACT To amend the Tariff Act of 1930

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Tariff Act of 1930 is amended by adding at the end of title III the following:

"PART III-PROMOTION OF FOREIGN TRADE

"SEC. 350. (a) For the purpose of expanding foreign markets for the products of the United States (as a means of assisting in the present emergency in restoring the American standard of living, in overcoming domestic unemployment and the present economic depression, in increasing the purchasing power of the American

Murray, Hon. Reid F., Representative in Congress from the State of
Wisconsin..

O'Mahoney, Hon. Joseph C., United States Senator from the State of
Wyoming....

O'Neal, Edward A., president, American Farm Bureau Federation
Peabody, Walter R., secretary, American Tariff League, New York City..
Pepper, Hon. Claude, United States Senator from the State of Florida..
Rogers, James Grafton, master, Timothy Dwight College, Yale University,
New Haven, Conn....

Schloss, Hugo N., New York City, president, American Lace Manufac-
turers Association_

Smith, Earl C., Chicago, Ill., president, Illinois Agricultural Association;
representing the American Farm Bureau Federation..
Taber, L. J., master, the National Grange..

Thatcher, M. W., St. Paul, Minn., chairman, legislative committee, Na-
tional Farmers' Union; president, National Federation of Grain C.-
operatives -

Wallace, Hon. Henry A., Secretary of Agriculture.

Woll, Matthew, president, America's Wage Earners' Protective Conference...

Page

750

183

413

286

799

743

295

415

570

676

47

541

Young, Howard I., St. Louis, Mo., chairman, tariff committee, National Association of Manufacturers; president, American Zine Institute; president, American Zinc Lead & Smelting Co...

409, 440

STATEMENTS, BRIEFS, LETTERS, TELEGRAMS, MEMO-
RANDA, ETC., SUBMITTED

Adkerson, J. Carson, president, American Manganese Producers Asso-
ciation, Washington, D. C..........

Amalgamated Lace Operatives of America, Philadelphia, Pa.

American Association of University Women..

American Flint Glass Workers' Union of North America.

Battle, J. D., executive secretary, National Coal Association_.
Benitt, William A., Hastings, Minn..

Bivins, Julian, Amarillo, Tex...

Brown, Millard D., Continental Mills, Inc., letter from..

Business Advisory Council of the Department of Commerce_

Cigar Manufacturers Association of America, Inc., New York City..
Combined Metals Reduction Co...

465

313

498

535

657

822

213

725

824

860

461

Dowsing, John E., tariff counsel, the United States Potters' Association..
General Federation of Women's Clubs....

853

501

Gifford, R. W., chairman, foreign trade committee, Detroit Board of
Commerce..

282

Gilbert & Bennett Mfg. Co...

284

Gordon, John B., Washington representative, Bureau of Raw Materials for
American Vegetable Oils and Fats Industries..

718

Gregory, T. H., executive vice president, National Cottonseed Products
Association, Memphis, Tenu__

858

Herron, Col. F. L., representing the Motion Picture Producers and Distributors' Association.

538

Indiana Steel & Wire Co..

284

Johnston, Franklin, publisher, American Exporter..

828

Keefe, Thomas J., general manager, American Motorists Association,
Washington, D. C..

642

Kornbliet, I. Robbins, executive secretary, American Watch Assemblers
Association, Inc..

855

Lubin, Hon. Isador, Commissioner of Labor Statistics, Department of
Labor..

821

Me Pike, Miss Sara, president, St. Catherine Welfare Association, Yonkers,
N. Y...

864

Mollin, F. E., secretary, American National Livestock Association
Morningstar, Joseph, president, Morningstar, Nicol, Inc., New York City
National Association of Alcoholic Beverage Importers, Inc., Washington,
D. C.............

National Board of the Young Women's Christian Association of the
United States of America.

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National Society Service Star Legion, Inc.___.

508

National Women's Trade Union League of America

506

Noble, Hon. Edward J., Acting Secretary of Commerce.

820

Northwestern Steel & Wire Co...

284

Pieckett, Carlton I., Plymouth County Farm Bureau, South Hanson, Mass

675

Pike, H. H., Jr., chairman, Cuban committee, National Foreign Trade
Council, Inc., New York City.

856

Prentis, H. W., Jr., president, Armstrong Cork Co..

Proper, J. Howard, New York City, general counsel, American Champagne Guild_.

863

342

Roebling's Sons Co., John A.

284

Russell, Hubbard, past president of American National Livestock Association___

864

Ryder, Oscar B., acting chairman, United States Tariff Commission.
Stimson, A. H. W., Northampton, Mass...

166

536

Tanners Council of America, Washington, D. C.........

862

Thomas, E. P., president, National Foreign Trade Council, Inc., New York
City

849

Tobin, Daniel J., general president, International Brotherhood of Team-
sters, Chauffeurs, Stablemen, and Helpers of America_
Toy Manufacturers of the United States of America, Inc..

567

283

Tracy, D. W., international president, International Brotherhood of Electrical Workers__

568

Wickwire Bros., Inc..

284

Wickwire Spencer Steel Co___

284

Williams, Langbourne M., Jr., president, Freeport Sulphur Co., New York
City

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