I address myself now to those who are opposed to any and all restrictions on imports. who profess to favor the disastrous policy of completely free trade. Would it not be much better. much fairer. much more equitable to all concernedboth domestic and foreign industry and labor and consumerto devise a fair system of quotas now rather than to let the situation of import problems deteriorate and spread to other industries until the tenor of the Nation reaches the point that we in Congress would be forced to abrogate our faith in a policy of truly reciprocal trade. and pass unduly restrictive legislation? I submit that a mandatory quota system is the only reasonable solution to the problem. and that it is the only alternative to a damaging solution in the future. It is a solution which will not alter the spirit of our trade policy. which remains reciprocal in name only. Trade among nations of our modern world must no longer be left to mere chance.
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quota system