Speech #810007478

In connection therewith. the President finds the existence of such facts. he shall by proclamation impose such fees on. or such limitations on the total quantity of. any article or articles which may be entered or withdrawn from warehouse * * * provided. that no limitation shall be imposed on the total quantity which may be imported from any country which reduces such permissible quantity to less than 50 percent. of the average annual quantity of such article which was imported from such country during the period from January 1. 1929. to December 31. 1933. both dates inclusive." Under authority of these sections of the Agricultural Adjustment Act and the Soil Conservation Act. the Import of short staple cotton is limited to approximately onefourth of 1 percent of the amount of short staple cotton raised in the United States. That is almost a domplete em" bargo against importation of that Product. The import quota restriction on wheat permits the importation of approximately onetenth of 1 percent of the amount of wheat grown in the United States.which is an even more perfect embargo against the importation of wheat into the United States. While the quota restrictions on the importation of cattle are not quite so severe. never-.heless under another section of the code relating to agriculture. no cattle or unprocessed meats can be imported from countries where footandmouth disease exists. and among those countries are our chief competitors in the growing of cattle. Argentina. Brazil. and Mexico." Our own cattie growers are. therefore. almost 100 percent protected. not by tariff under the Reciprocal Trade Treaty Act. or even the socalled SmootHawley Act. but under quarantine restrictions established under the Agricultural Code.