Word: smoot
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
Protests against the Hawley-Smoot Tariff Bill banked higher at the White House last week. Requests for a veto continued to flow in. Henry Ford stayed overnight with President Hoover to repeat his belief that the bill was "an economic stupidity." Albert Henry Wiggin, head of the Chase National Bank of New York, conferred long and solemnly at and after luncheon. Many another tycoon flayed the measure in public or prepared to protest when (or if) the bill should come formally before the President...
Confused at this adverse tariff turn, Senator Reed Smoot, in charge of the bill, marched back to conference, where was patched up a second compromise under which only the President would have power to flex rates on specifications (limited to 50% up or down on the substantive law) supplied by the Tariff Commission...
Guilty consciences are revealed in some of the pronouncements of the Republican leaders. Their own words imply that the Smoot-Hawley bill is in general a pretty bad hodge-podge of log-rolling and special pleading, and the new flexible provision is offered as the only hope of improving the bill. Unfortunately for the sincerity of the memory of some of our Congressmen, it may be recalled that almost the identical eulogies of the flexible provision were offered in 1922. Yet the intervening years have not shown much in favor of the innovation, in large measure because of the personnel...
Whirlwinds of condemnation of the whole Hawley-Smoot Tariff Bill continued to blow through the public press. President Hoover was implored to use his veto power. Potent businessmen were quoted at length on the economic evils that would follow in the law's wake. Editorial writers blazed away at it in long double-leaded leaders. The basic economic argument was as follows...
...Charley Smoot, Negro jockey, up on Rooney: the Westbury steeplechase at Belmont Park, L. I., taking the right rein in his teeth when the collarbone he had fractured the day before broke completely as he struggled to right his mount after a hard landing over the water jump in front of the stands...