There was no danger to American farmers at that time. Mr. President. the American Farm Bureau Federation. in convention in Chicago December 10. 1928. declared as follows: Free trade with the Philippines Is injurious to the American farmer. because over 80 per cent of our exports to the Philippines consists of industrial products and 95 per cent of our imports from the Philippines consists of agricultural products. Thus you see. Mr. President. that the privilege of importing industrial goods into the Philippines is paid for by the farmer whose products are put into free competition with the products of Asiatic labor. Mr. President.