When Colonel House wrote his article, "America in World Affairs: A Democratic View," for the June issue of FOREIGN AFFAIRS, he was obviously preparing a campaign document. Whatever constructive suggestions he may have offered, however, were either rudely rejected by the Democratic National Convention or submerged in a mass of vague generalities coupled with unsupported allegations and vituperation against Republicans. One may search in vain in the Democratic Platform for any definite or forward-looking policy in foreign affairs.
Aside from questions which exclusively relate to foreign policy, there is but one Democratic argument to which the scope of the present article will justify an answer, and that is the claim set forth in the Democratic Platform and advanced in the article of Colonel House that Republican control has curtailed foreign trade. Criticism has rested especially upon the Tariff Act of 1922. The plain facts utterly disprove the Democratic contention. A comparison of the eighteen months succeeding the enactment of that measure with the eighteen months preceding shows that imports into this country increased by 41 percent, or in an amount totaling $1,670,000,000. There has been a notable increase in the importation of manufactured articles subject to duty. Exports also increased by 12 percent.
Another fact disproves this Democratic argument so commonly advanced. The volume of American trade during the life of the present administration as compared with that in the years preceding the war has shown a far greater increase than that of England, France, Germany, or any other prominent commercial country. This is true because the United States is now enjoying political stability, and its natural companion, material prosperity. The very serious situation as regards exports of wheat and some other farm products is so readily explained that no elaborate statement is necessary. The waste and the abnormal demand which were features of the war period have ceased. At the same time, agricultural production in Europe has experienced a rapid and substantial recovery, and competition from outlying portions of the world, as from Canada,
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