Word: smoots
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...public this year. Many politicos are less certain, and the Republican high command is sure Mr. Hull will be rolled over a barrel of imported Argentine beef. It was the farm bloc who wrote the Emergency Tariff of 1921, the Fordney-McCumber tariff boost of 1922, the Smoot-Hawley Tariff Act of 1930. Republicans may again become "friends of the farmer." Last week Mr. Hull said he welcomed an investigation, if it were not made by chums of the Smoot-Hawley tariff...
...party's leading economist. Many times he pointed out that after World War I the U. S. had become a creditor nation, that Europe could pay back only in goods, that it could not pay at all if tariff barriers were built ever higher. He still hates the Smoot-Hawley Act so fiercely that he has denounced it almost daily for nine years; he is certain it caused the world depression...
...foes hoped to nail his political hide to that barn door, they reckoned without the old Tennessean. To Chicago he went last week with figures in his fist and proceeded to belabor the short-winded old Smoot-Hawley protective tariff scheme, which since 1930 (when it threw up the highest international trade barriers in U. S. history) has lost some of its fighting trim...
...Arthur Capper of Kansas complained in a letter to Mr. Hull that the proposed Argentine trade agreement would injure the U. S. farmer and cattleman. Last week he got back a restrained but politely savage answer that it was "folly compounded" for farm spokesmen in the light of the Smoot-Hawley tariff experience, "still to cling to the delusion that the farmer has something to gain from embargo or tariffs...
...Senator Glass. Neither is it for Mississippi's long-legged, long-nosed Pat Harrison. Together they were the most painful and damaging Democratic snipers on the flanks of the Harding, Coolidge and Hoover Administrations. Then their victims were shy old Andrew Mellon and Utah's mournful Reed Smoot, chairman of the Senate Finance Committee. Four years of responsibility as Senate Finance Chairman during the first New Deal and a lifetime habit of party loyalty changed Pat Harrison from a sniper to an Administration supporter until Franklin Roosevelt's legislative vagaries and New Deal economic policies estranged...