Word: lumbers
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...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...
...back on a noncommittal recital of the standard method of altering the Constitution by Congress and the States? Should some tricky system of conventions, such as Secretary Hyde's "Missouri Compromise," be advocated? Or should a specific reform permitting State option be put forward? Out of such knotty lumber the G. O. P. plank had to be jig-sawed...
Numerous examples might be cited, but an outstanding case comes to mind. A well-known lumber company on the Pacific Coast within the past six years purchased from the Government at a total cost of approximately $400,000, and under easy credit terms, a fleet of eight vessels estimated to have cost the Government in the neighborhood of $8,000,000. These ships are now engaged from the Pacific Northwest and California via the Panama Canal to Porto Rico and Buenos Aires, principally for the purpose of marketing lumber. This firm was thus granted distinct monopolistic privileges by the Government...
...these advantages were insufficient, the Government then awarded a so-called mail subsidy contract, under the provisions of which a total of $759,000 has been paid to the lumber company's steamship line for the "carriage of mail" that actually brought the Post Office Department only $274 in postage...
Having 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...