Word: ratings
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Dates: during 1920-1929
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Estimators could show that the new rate would add 100 million dollars to the country's retail sugar bill. The sugar schedule immediately added to the disgruntlement of U. S. farmers who do not look upon the beet sugar industry, with its roaming alien labor, as a legitimate form of U. S. husbandry...
...Manufacturers. Chairman Hawley explained that, when the base rates on raw materials were revised upwards, it was necessary to give a higher "compensatory" rate to manufacturers using the raw material in their production to keep the proper balance of protection. The rate on high-grade raw wool was jacked up from 31¢ per Ib. to 34¢ with corresponding increases on finished woollen articles running through the whole schedule. These increases to manufacturers made the farmer rage, since they tended to continue the existing tariff disparity between Husbandry and Industry...
...present Commission, to recommend a change in rate, must conduct a long investigation into foreign production cost. When the inquiry is over, the need for the change has generally passed, or increased beyond the Commission's measurement. The new bill proposes that the Commission accelerate its work by studying only the "condition of competition" in the domestic market and making its recommendations thereon...
...capital men. Theory: Let a workman take, for example, $200 to the proposed trust. For $200 he would be allowed to buy $500 worth of stock, borrowing the other $300 from a bank or subsidiary company, with his stock as collateral. He would then repay the $300 at the rate of $25 a month. Thus might small-capital men, instead of spending on the installment plan for radios, motors, refrigerators, invest in installments in sound "rich-men's" securities...
...collateral at the twelve Reserve Banks, which must make their loans on government or open market paper. But, maintained Mr. Simmons, the supply of restricted securities on which the Federal Reserve System can make loans is rapidly dwindling. The government is paying off its national debt at the rate of a billion dollars a year, and "in 15 years there may remain no Federal securities for the Reserve bank to purchase or lend upon." Open-market paper, too, has been "shrinking rapidly." Thus the Federal Reserve would sooner or later be forced to rediscount security collateral loans for lack...