Untermyer Assails Deal with Reich

The full text of Mr. Untermyer’s statement appears on Page Three.

Samuel Untermyer, president of the Non-Sectarian Anti-Nazi League to Champion Human Rights, yesterday made public the text of a formal protest dispatched to Secretary of State Cordell Hull against negotiations between this country and Germany leading to a trade agreement for the exchange of merchandise.

Declaring he had information that five cotton merchants acting as envoys of the government had come here to purchase large quantities of cotton against payment in German merchandise, and that this information supplemented “the various persistent rumors” of active negotiations, the boycott leader declared he was justified “in entering a formal and emphatic protest against any such agreement or any further negotiations looking in that direction as contrary to the best interests of the country.”

SCOUTS LOSS CLAIMS

Mr. Untermyer took strong exception to statements of Secretary Hull that boycott activities in this country will “result in a loss of approximately five dollars in exports for every dollar’s worth of goods kept out of the United States,” and pointed out that according to figures of the Department of Commerce the United States last year sold to Germany only $1.15 in goods for every dollar’s worth bought here.

“By what process of arithmetic, reasoning or economics that is

The full text of Mr. Untermyer’s statement appears on Page Three.

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