"This period of one year--say, would allow manufacturers to market their
stock on hand or already required to be produced on the basis of the
market influenced by the quasi-Government protection extended by the
existing tax laws of the nation.
"At the end of this period the manufacturer would be obliged to produce
at less cost in order to find a market in competition with his foreign
competitor, which competition would result in lower prices that he and
his foreign competitors would have to offer to the working people and
other citizens of our country,"