Word: exports
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Dates: during 1920-1929
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...what he wanted?a farm bill without a federal subsidy?he had to sacrifice his tenet that a President should never interfere with Congress, should never dictate to it on legislation. When, earlier in the week, the Senate had ignored his advice and voted to uphold its export debenture plan, the President very definitely interfered, very distinctly dictated...
Farm relief last week actually began its journey from the field of legislation to the husbandman's acres. The Congress, straining and wheezing, passed an administration bill, minus the export debenture plan and President Hoover, signing it with a smile and two pens, called it "The most important measure ever passed by congress in aid of a single industry." It was an end and a beginning...
Much legislative maneuvring was necessary to get the measure through to the White House. First the Senate, full of ill temper, refused by a vote of 46 to 43, to accept the conference report in which the export debenture plan was stricken from the bill. President Hoover was openly flouted by those who either honestly believed in this plan or felt that the House, heretofore gagged, should be given a chance to express itself. Speaker Longworth and other leaders had refused to give the House a vote on the debenture plan for two reasons: 1) it would force midwestern Congressmen...
...doing they do double harm to the nation. First they send our money abroad to America, a country which has just dealt a great blow to our export trade (TIME, April 8, et seq.) and second they take away work from Italian industries and laborers...
Debentures In. Trouble began when the Senate voted 47 to 44 to retain in the bill the Export Debenture Plan, ten objections by President Hoover notwithstanding (TIME, April 29). The line of cleavage on this vote proved two things; 1) The Hoover 1928 victory in four Southern States carried no weight in the Senate where Democrats (with two exceptions) joined solidly against him and for the Debenture Plan; 2) The nine-year coalition of Democrats and Progressive Republicans still held a whip hand over major legislation, despite the G. O. P.'s paper majority of 17 votes...