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...Public opinion. Senator Reed Smoot, high-tariff chairman for the Senate Finance Committee admitted: "I have found very little demand for changes in the tariff. . . . Many of the heavy duties proposed by the House can be reduced without injury to industry...

Author: /time Magazine | Title: THE TARIFF: Gestures | 7/15/1929 | See Source »

...Senator Smoot was obviously upset at the abuse to which tariff revision had been subjected. To the complaint that Industry was benefiting over Husbandry, he retorted: "The House Ways & Means Committee and, so far, the Finance Committee, by gestures, have given farmers and producers by far the best of it. . . . The Democrats are so anxious to make political capital out of the situation that they are imagining all sorts of rates and unjust schedules...

Author: /time Magazine | Title: THE TARIFF: Gestures | 7/15/1929 | See Source »

Sugar. Senator Smoot accepted a sliding scale tariff for this most controversial item in the bill. Because his State, Utah, is a great producer of beet sugar; because the Mormon church, his church, is vitally interested in beet sugar, the sugar schedule was to have been Senator Smoot's well-protected pet. That he favored a sliding scale which he admitted would produce rates lower than those proposed in the House bill (3? per lb.), made even his Democratic opponents gasp in astonishment. They accepted his plan as another indication of the receding high-tariff tide. When pressed...

Author: /time Magazine | Title: THE TARIFF: Gestures | 7/15/1929 | See Source »

...housewife's prejudice against beet sugar, her belief that it is inferior to cane, was admitted by Senator Smoot. He narrated: "Once I took a sack of beet sugar to my wife who rejected it, saying she did not like to cook with beet sugar...

Author: /time Magazine | Title: THE TARIFF: Gestures | 7/15/1929 | See Source »

...duty which they scarcely feel, than in neutralizing the public effect of duty increases on Pennsylvania-produced commodities. To cut the automobile duty would, psychologically if not economically, reduce Industry's protection, make Husbandry's protection seem larger. This Reed proposal seemed to illustrate what Senator Smoot had meant by Finance Committee gestures...

Author: /time Magazine | Title: THE TARIFF: Gestures | 7/15/1929 | See Source »

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