Word: coppers
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Dates: during 1930-1939
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...taxpayers will actually feel it. In the trading across the table, Utah's grey old Reed Smoot, Chairman of the Senate Finance Committee and leading Senate conferee outargued all five Representatives. For his side he won higher normal and surtax rates on income (TIME, June 6), tariffs on copper and lumber as well as coal and oil (TIME, May 30), excise on tires, a levy on bank checks, a cut in the stock transfer tax-all Senate items. In all, 52 disputed provisions in the big bill were compromised in the continuous 13-hour conference...
...voted on the income tax sections of its billion-dollar revenue bill (TIME, May 30), the Senate last week continued its long wrangle over inserting tariff provisions. Oil and coal duties had been adopted. Log-rolling logic and gentlemen's agreements now necessitated doing something for lumber and copper. Nebraska's Norris tried to break in with a revival of the Export Debenture to benefit farm products, insisted that some form of farm aid must go into the bill if tariff features were being added. He was brushed aside by a vote of 46-10-23. Lumber...
...Harry Benedict, metallurgist for Calumet & Hecla Consolidated Copper Co D.Eng...
...items into its tax bill. Progressive Republicans and low-tariff Democrats loudly denounced their inclusion as the result of logrolling. An apparent Democratic trade: Barkley of coal-producing Kentucky would vote for an oil tariff if Connally of oil-bearing Texas would vote for a coal duty. Hayden of copper-mining Arizona would support both levies if Messrs. Barkley and Connally would help him get a rate on copper...
Amid great acrimony the oil and coal tariffs were finally voted (43-to-37) and (39-to-34) into the bill. Then the Senate stalled on copper and lumber, bitterness of the antitariff opposition rose to a startling pitch. As a reprisal Senator Tydings engulfed the chamber with 504 tariff amendments to the tax bill. Shouted...