" In its official and semi-official gatherings, the Cabinet has
come to the conclusion that the tariff question is likely to wear a different aspect in the more or less distant future. There is a desire for international conversations on current economic and monetary problems, and some people aver, that the United States President will sooner or later take the initiative. These negotiations, it is pointed out, if they come to anything, cannot fail to lead to a reduction of customs barriers. Such a process of reasoning is plausible enough for those people whose minds are still set in the key of Free Trade, and it also gives an apparent satisfaction to Conservative protectionism. It is not impossible that here is the answer to the questions which have absorbed certain political circles for several days, and that this is to a great extent the famous formula of which there has been so much talk."—Journal des Davis (Paris), 3.10.31.
* *
Previous page
