Word: smoots
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Tariffs. No definite tariff policy was announced, but Taft indicated the way the wind blew. "I think the Smoot-Hawley rates were too high," he said with masterly understatement. "But I don't think we should reduce rates to a point where American industries would be destroyed." He had voted against the reciprocal trade bills, he said, because he thought they gave the President too much discretion. It was for this discretion that ex-Secretary of State Hull had fought so long & hard, believing that presidential power to adjust tariffs was a prime necessity for the horse-trading required...
...people squarely into the middle of international politics, and the people, after some backing & filling, approved. The Republican horse that galloped across the country on Election Night had had some ghostly riders-Henry Cabot Lodge and "a little group of willful men" who killed Wilson's League; Reed Smoot, Joseph R. Hawley and the high-tariff men who started a world economic...
Advance Continued. At the time Ed Martin joined up, Joseph Ridgway Grundy, the cherubic, wealthy Quaker millowner and cold, shrewd defender of high tariffs, was rising to power. "Uncle Joe" Grundy, as Martin still calls him, had been dictating tariff bills since 1897. His masterpiece was the Smoot-Hawley bill of 1930, which precipitated an economic world war and was one underlying cause of World War II. To some Joe Grundy was an ogre. To his friends, the white-haired, thee-saying Quaker was just an old-fashioned businessman. The machine served Grundy...
...stars were Floyd Smoot, who took the 50 yard freestyle as well as the backstroke, Harry Lockery in the dive, and Howie Stallings in the 220 freestyle. Of the other events, both the 300 yard medley and the 400 yard relay went to Yale...
...live and vital issue. Franklin Roosevelt had asked for power to make additional tariff slashes of as much as 50% below the levels of Jan. i, 1945, and Harry Truman had given his support. Republicans charged that this would allow cuts of as much as 75% below the Smoot-Hawley levels of 1930-34 but administration spokesmen pointed out that such cuts could occur in less than 40% of U.S. imports. The Administration's main point: further authority for reductions was basic to the U.S. policy of world collaboration...