Word: fordney
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...regarded as ingratitude to Senators Broussard and Ransdell, Democrats, who supported various Republican measures, notably the Fordney-McCumber Tariff. In the South it is freely criticized as an attempt to capture the Negro vote in 1924. Says The New Orleans Times-Picayune...
...high tariff and an adverse trade balance-this is the anomalous condition brought about in this country by a peculiar set of economic conditions. When the Fordney-McCumber Tariff was enacted economists felt that it would largely cut off Europe's opportunity to pay its debt to this country in goods. Imports into the United States during March amounted to $402,000,000. This is the highest figure since August, 1920, and reflects the current trade boom and its increased purchasing. Since imports are so largely raw materials, it also reflects heavy current manufacturing. Meanwhile our exports have continued...
Opinion is that President Harding would be taking an unwarranted extension of his powers if he should try to use the flexible clause of the Fordney-McCumber Tariff to enter into reciprocity with Canada. Moreover, to do so, would seriously antagonize certain groups of Republicans-notably the farm bloc who fought for a high tariff on farm products. And their votes will be needed by the Administration-to maintain its narrow majority in the Senate. So even if two of the neighbors-north of the 49th parallel-can agree with one to the south (the Democrats)-the fourth is still...
...staunch party man. When Roosevelt started the Progressive party, he said he would rather " quit politics than split his party." On the other hand, he supported President Wilson on the League of Nations issue, denouncing the irreconcilables. He helped write the Republican tariff plank and yet attacked the Fordney-McCumber Tariff for its wool duties. An enemy of the Non-Partisan League in the Northwest, an opponent of the soldier bonus (although one of the two civil war veterans in the Senate), a supporter of the Dyer anti-lynching bill and an advocate of a child labor amendment?he leaves...
...Question. The Fordney-McCumber Tariff Act contained for the first time in national history a provision for a flexible or elastic tariff to be applied entirely at the discretion of the Chief Executive. On recommendation of the Tariff Commission he may raise or lower duties (not more than 50% of the amount fixed by law). The question which arose in the Tariff Commission was whether it had the power to investigate and recommend changes in the tariff on its own initiative, or whether it must confine its consideration to specific tariff rates against which complaints were made. The Republican members...