Press Release, Truman for Senator State Headquarters

Editors:-- For release to norning pupers of October 3 and after. TRUMAN-FOR-SENATOR STATE HEADQUARTERS Madison Hotel William P. Harvey ARCHINES AND Jefferson City, Missouri. Publicity Director. KENNETT, 101., Oct. 2:--In combination with the processing taxes and other laws directly benefitting agriculture, a rightful use of profits accruing to monufacturers in the tariff schedules enjoyed by industry would pave the way for a rapid return to prosperity, it whs declared here tonight by Judge Harry S. Truman, Democratic nominee for United States Senator. Truman visited five touns on his way to Kennett from Flat River. He spoke in Fredericktown and Poplar Bluff, mainly discussing farm - issues, and visited business men and residents of the smaller towns en route. In his speech here tonight, Truman went into detail in that he termed the "manufacturers' processing taxes, " referring to the tariff. "Industry was given high tariff schedules for two stated reasons, among others, 11 he said. "One vas to protect Amerionn industry agninst cheap labor abroad. The other was designed to raise the standards of living of factory workers through high wages. Industry got its high tariffs. But labor did not get its high wages. "In this fact lies a great part of our troubles. The toriff, owing to close and allied ownerships of many industries, largely benefits a few persons by adding to their wealth. Had wages been raised continuously in any relative proportion to the increases given in tariff duties from time to time, much of the underconsumption now prevalent would not have ensued. If industrial wages were increased at this time, the spending power of the people, in connection with improved farm conditions, soon would bring us back to prosperity and widespread employment of the idle. "The effect of the ,Roosevelt farm policies are not to be mininized. All of the great centers in the Middle West have felt the business stir occasioned by the money being distributed by farmers in paying bills and buying goods. Retail business, bank clearings, railrond loadings, wholesale business and other mercantile factors responsive to buying power have been greatly stinulated. "The tariff taxes are merely manufacturing processing taxes. They vary in no way, either in effect or results, from the farm processing taxes. The manufacturer takes his processing taxes up to the Preservation Copy maximum allowed him by the tariff schedule affecting his particular output. And what a healthy tax that has been since the passage of the Hawley-Smoot tariff bill!" (