Westward Ho!

For the second time, the British Prime Minister, Mr. Ramsay MacDonald, has made a pilgrimage across the Atlantic. Many storms have come and gone since he visited President Hoover. The closing of the banks in the United States testified to the failure of Mr. Hoover's war against depression, and it now seems to be admitted in the United States that the new President will have to restore the U.S. farmer's export market. That means a departure by the Democratic Administration from the Republican high tariffism and from the idea that the United States can be self-contained and also prosperous. How can a country that exports 55 per cent, of its cotton, 41 per cent, of its tobacco, and 33 per cent, of its lard be indifferent to the advantages of reciprocity in tariff matters? And how can such a country, after ceasing its foreign lending, hope to collect interest on war debts, except by receiving goods?