Word: mccumber
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...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...
Senator Smoot points out that the Fordney-McCumber Tariff cannot be held entirely responsible for a rise of three or four cents in the price of sugar, since the new rate is only an increase of .76 to 1.05 cents a pound over the previous tariff...
...Democrats will have a majority. Control of the Senate by the Administration will be at an end. This new state of affairs is likely to be felt as soon as the 68th Congress assembles. The chairmanship of the Finance Committee is left vacant by the retirement of Senator McCumber. This committee handles tariff" and other financial measures; so control of it is very desirable to the La Follette bloc. Senator Smoot, who is classed as a reactionary, would, according to seniority precedent, naturally become chairman. But next to Smoot in seniority is La Follette himself. It is entirely probable that...
...record will not be written in golden characters on the tablets of Time. Although Senator Robinson is a democrat, his statement that "no important legislative achievement except bills of a non-partisan nature and except the Fordney-McCumber tariff act can be awarded the Sixty-seventh Congress" is no exaggeration. The passage of the Fordney tariff was not greeted with a universally joyous acclaim. Certain pledges made by Republicans for the creation of a soldiers' bonus have been repudiated along with President Harding's mellifluent promise of an association of nations. The settlement of the British Debt problem, although...