Press Release, Truman for Senator State Headquarters

Editors:For release to papers dated Sunday morning ,October 7 8 3. AND RECORDE 1 TRUMAN-FOR-SENATOR HEADQUARTERS William P. Harvey = SERVICE Madison Hotel 3 Jefferson Missouri Publicity Director on ROL.A.MO. Oct. 6:--Wrong thought on the part of the people of the action United States in centering economic and political thrught on industry was the cause of distorting the social and economic picture, according to Judge Harry S. Truman of Independence, Democratic candidate for United States Senator,who spoke here tonight. Truman said that many of today's evils would have been averted had the a nation turned an apprising eye on all of the economic angles of living and progressing. He declared that the politics of the last forty years had re- almost rolely volved about national tariff policies, particularly for industry. This had not only colored the domeatic scene,he said,but has tinted America's views on world economics. We have been so blind that many cannot see that the tariff is a process- ing tax for manufacturing," Truman said. It was discovered only in explor- ing . the base of the processing tax given farmers. The only songle difference is that the farmer' processing tax is confined to a set figure, while the manufacturer may take up to the limit given him in the tariff schedule on his product. This explains the mad rush at every session of Congress to increase the industrial tariff so that individual manu- facturers may profit as far a.s they can. The manufacturer, too,has the power to limit production to hold his prices up. This cannot be done by farmersXexcept as they aet in concert. For own that reason the processing taxes have been given the farm in relation to lowered production. Being at the mercy of wind and sun and rainfall,the farmer cannot calculate either domestic or world need of his products within any degree of certainty. The manufacturer is more fortunate in that respect. " Quoting President Roosevelt's statement on the bettered position of industry