THE RECIPROCITY AGREEMENT.

Dominion, Volume 4, Issue 1039, 31 January 1911, Page 5

THE RECIPROCITY AGREEMENT.

IMMEDIATE AND SECONDARY EFFECTS. . SOMETHING TO BARGAIN WITH By Telecraph—Press Associntkn— Copyright. (Kcc. January 30, 9.15 p.m.) Londorii January 30. The "Scotsman" states that some of the secondary results of the agreement between tho United States and Canada may prove of greater importanco than the immediate effects to international trade. It

was welcomed in Newfoundland, and deplored by New. England fishing interests as ■ probably the precursor of a similar arrangement settling the long-standing fiscal and fishery questions between Newfoundland, .Canada, and the United States. Meanwhile Free-traders should note that two Protectionist countries hare bargained for the purpose, not of heightening, but .of .lowering, .'and in places removing, barriers to thus; reducing cost; of 'living; -Moreover,-i they have bargained' successfully because,'; unlike Britain, they' had something to bargain with.

DEFEAT IN SENATE EXPECTED. .L Now York, January 29. On Saturday the United States House of Representatives referred the Reciprocity Bjjl to the Committee of Ways and Meaii^V The Bill" will be considered as a whole. It cannot ,be amended. The House Of Representatives is expected to pass the measure, but the Senato will probably defeat it, in spite of President Taft's energetic efforts on behalf of the-agreement. • An extra, session'of Congress: is'- considered probable. IMPERIAL FEDERATION. (Rec. January 31, 0.58 a.m.) London, January 30. The "Daily Mail" says the scheme of Imperial preference whereof Canada was the corner-stone is dead, but Imperial federation depends, on. the forces of the race. It is our duty to quicken and direct them.