Old Fox

Republicans, farmers, Midwest dairymen, Far West cattlemen and many another tariff-protectionist have been baying for months on the trail of sad-eyed Cordell Hull, Secretary of State. The whole pack wanted to head him off before he completed a reciprocal agreement with farm-growing, cattle-producing Argentina. The farm-hounds tracked him to Congress, prepared to corner Mr. Hull, kill his program of peace through trade agreements.

Suddenly last week came news from Buenos Aires that the U. S.-Argentine negotiations had broken down. The pact had disappeared into thin air. Puzzled, the hounds circled vainly, whimpering disappointment. The good grey fox, Mr. Hull, chuckled in his den. Only the day before he had drawled to an intimate: "Seems we might have to drop Argentina." Foxy Mr. Hull knew 1) that getting his trade-agreement powers renewed is more important than any single agreement, 2) that he can double back on the Argentine trail after elections next November.

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