Word: lumber
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Dates: during 1930-1939
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Wilbur announced that the U. S. had just taken title to 13,000 acres of timberland owned by Sugar Pine Lumber Co. in the heart of Yosemite National Park. The U. S. paid $3,300,000 for the tract, half the purchase price being donated by John D. Rockefeller Jr.* Last year, over the vigorous protest of Senator Thomas James Walsh of Montana who owns a summer home in Glacier National Park, Congress ordered the Interior Department to buy up all private land within national parks to save them from mutilation (TIME, Feb. 18, 1929). Under...
...free to give and take, the five Senate conferees on the Tariff Bill last week moved swiftly to a final compromise with the five House conferees on the disputed items of H. R. 2667. The export debenture plan was dropped irrevocably from the measure. The rate on soft lumber, twice free-listed by the House and fixed at $1.50 per 1,000 ft. by the Senate, was set at $1 per 1,000 ft. after the Senate conferees had explained that further recession might cost them the votes of the Senate's "lumber bloc" and thus imperil final approval...
Senate Leader Watson hopefully predicted the bill would be through Congress in ten days. First the Senate must approve the conference changes in toto; then the House must sanction the flexibility change and the new lumber rate. That the President would sign the bill and try to flex out its imperfections was a firm congressional conviction...
...Lumber. House rate: $1.50 per 1,000 ft. Senate rate: free. With pitiful tales of 80,000 lumbermen jobless in the northwest, due to Canadian competition, did Chairman Hawley plead for the House rate. Sensing defeat, he offered to compromise at 75? per 1,000 ft. But the House, in a low-tariff mood, would not compromise, voted (250-to-143) for the Senate's freelisting of lumber...
Significance. The conference report, thus completed by the House, went back to the Senate 'for final approval. No longer in controversy were the rates on silver, cement, lumber, shingles, logs and sugar. Chief remaining issues before the measure can be sent to President Hoover for approval: Export Debenture and Flexibility...