Many will wonder how it can be said that we are suffering from overproduction. It is a fact that hundreds of thousands of wage earners have been thrown out of work in the United States through their inability to compete with foreign cheap labor. whose output crowds the shelves of stores in the United States. Is there not a more immediate and profitable prospect of consumption by these unemployed men were they back at work than among the peasants. coolies. and peons of foreign lands who are now doing the work of supplying American necessities? Abroad we must meet on their own ground the makers of the very cheaplabor products we are now buying in such quantity Instead of absorbing the output of our own industries. If we can not undersell them at home. how can we do It abroad?