That is true. but I may say to the distinguished Senator that Mr. OBrien took the position in an interview. as I remember. that the tariff should be increased horizontally 15 percent. and then when he appeared before the Committee on Ways and Means. or at least a subcommittee of that committee. he took the position which the Senator now indicates. However. the attitude taken by the chairman of the Tariff Commission and by those associated with him. or at least by the vice chairman. was contradicted by outstanding industrialists and economists. who took the position that the depreciation of currencies in European and Asiatic countries had been very destructive to the industries of the United States. and had prevented those industries from operating. or at least had such an effect they could only operate when they had sealed and signed orders properly underwritten to insure that they would be accepted and paid for. thus preventing our industries. in a general way. from accumulating a surplus which ordinarily they would have on their shelves. thereby giving work almost constantly throughout the year to a great number of workmen who would otherwise be out of employment.