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...Coal, according to Mr. Butler, is selling for less than cost, Standard Oil is a philanthropic institution, and the 'Big Five' packers are dead broke. Only the tariff, says Mr. Butler, is protecting the innocent beet sugar trust from the terrible Cuban cane sugar trust, when everybody knows that both are controlled by the same bunch of American financiers...

Author: /time Magazine | Title: National Affairs: Bob Jr. vs. Butler | 9/22/1924 | See Source »

...flexible provision of the tariff law to raise the sugar tariff." The other said: "Employ that power to lower the sugar tariff." The President is still meditating on this advice. But Mr. LaFollette, quicker to express himself, cried out that the tariff should be lowered, adding that the beet-sugar, high-tariff group were out to prevent the reappointment of Commissioner Lewis, who voted for a lower tariff. The reappointment of Mr. Lewis was President Coolidge's reply-in part. His decision on the tariff itself is still in abeyance. The politics of the situation is curious. The high...

Author: /time Magazine | Title: TARIFF: Tariff and the Sweets | 9/22/1924 | See Source »

House of Commons. Chancellor of the Exchequer Philip Snowden announced to the House that the Government intended ito promote the home production of beet sugar by granting a subsidy of 19 shillings and sixpence-about $4.25-per hundredweight (112 Ibs.)-to the industry. ¶ J. H. Thomas, Secretary of State for the Colonies, informed the House that the system of dominion representation at the Premiers' Conference had been most unsatisfactory, and that the Government proposed to call a Commonwealth conference in or about October to settle the procedure of giving the Dominions an effective voice in the Commonwealth...

Author: /time Magazine | Title: British Commonwealth of Nations: Parliament's Week: Aug. 11, 1924 | 8/11/1924 | See Source »

...Cuban crop has been the real source of the world's sugar ever since the practical destruction of the beet sugar industry of Europe during the War. Last year the drought in Cuba reduced the output and ruined many growers, and there is no large excess of sugar overhanging the markets...

Author: /time Magazine | Title: Business & Finance: Sugar Prospect | 2/18/1924 | See Source »

...order to protect the "War-baby" beet sugar industry of this country, a tariff on imported sugars was placed in the Fordney-McCumber tariff act. The beet sugar growers of Utah and other centres have strongly supported this tariff. And the sugar refineries and the American companies producing cane sugar in Louisiana, Cuba and elsewhere have strongly opposed it. Without the tariff, the American beet sugar industry is doomed, since it cannot compete with the lower costs of producing Cuban sugars. With the tariff, we have a situation analogous to taxing American sugar consumers in order to subsidize the domestic...

Author: /time Magazine | Title: Business & Finance: Sugar Prospect | 2/18/1924 | See Source »

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