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WILLIS ROBERTSON
WARNING FROM HISTORY ON TRADE RESTRICTIONS
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Last Saturday, June 12, marked the expiration date of the Reciprocal Trade Agreements Acts which was an extension of the program proposed by Cordell Hull in 1934 as a means of combating a worldwide depressions' * \ ^ f • In his State of the Union message last January President) Eisenhower said: “The free world can no longer afford the kinds of arbitrary restraint on trade that have continued ever since the war.” He promised at that time to submit detailed recommendations after . the commission he had appointed to make a study of foreign trade problems had submitted its report.
On March 30, after the Randall Commission had reported, the President recommended to Congress measures to expand import, and export trade and increase the flow of our.capital into foreign investments, including a three
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