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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Dec 06, 1929
Page
8
Washington December 6. The Hawley Smoot tariff plan is urged as dangerous, capable of jeopardizing national prosperity by economists and bankers who warn of retaliatory moves by foreign nations. Export gains since 1923 28 show how vital foreign markets are, with battles over sustaining purchasing power and keeping foreign demand alive.
The nation relies on foreign markets to absorb a ten percent industrial production surplus, employing over five million workers directly and boosting overall prosperity. With Britain and Germany expanding competition, notably Britain’s trade pact with Argentina and Canada buying coal and steel from Britain, the United States faces risk to its Latin American sales. A Peterborough violin from England is cited as a craftsman example.
Washington reports 160000 miles of main highways in 36 snow belt states will stay open this winter. States and counties will spend about 6500000 to maintain free roads, a net economic gain from uninterrupted food delivery, schooling, and commerce. The American Automobile Association stresses the value of keeping highways clear and notes every 100 dollars spent yields 1000 dollars in better transport and business continuity.
Halifax December 6. Conductors on the Canadian National Railway between here and St Johns face a list of en route stop names including Shubenacadie Stewiacke Memramcook Anagance Penobsquis Petitcodiac Plumweseep Apohaqui Passekeag Nauwiegenauz and Quispansis.
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