Speech #740059781

And I want to say. Mr. Chairman. that if the administration continues its reciprocal treaty negotiations whereby our protectivetariff walls are rapidly being broken down and our home markets. as a result thereof. glutted by the products of the pauper labor of Europe and Asia. very shortly another 5.000.000. now employed in industry. will be added to the ranks of the unemployed in America. The textile industry of this country is today threatened with paralysis on account of the importations from Japan and other countries. where labor is paid only a small percent of what it receives in the United States. In the Washington Herald this morning there appears a news item under an Atlanta date line. saying that. with demoralization spreading through Georgia textile industry as a result of unsettled conditions over the processing tax and cutthroat Japanese competition. three more mills announced shutdowns yesterday. throwing more than 1.000 operatives out of work.