Word: sugar
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Dates: during 1920-1929
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...Sugar...
...Sugar last week became food for Republican thought as the Senate Finance Committee returned to this bitter-sweet subject of tariff-writing. Full committee hearings were held on a plan for a sliding scale of sugar duties proposed by Chairman Reed Smoot as a substitute for the flat rate in the House tariff bill. Senator Smoot spent the weekend with President Hoover at the latter's Shenandoah National Park camp site, returned convinced that the President will approve the bill if his sliding scale is inserted, pondered sugar solemnly with the President...
...Smoot Plan. The present duty on world sugar is $2.20 per 100 lb., on Cuban sugar $1.76. Loud have been the protests against this increase, ominous the warnings to consumers. To quiet this clamor, Senator Smoot proposed a scale of sugar duties that would vary inversely to the wholesale New York price of sugar. His purpose was to stabilize that price at $6 per 100 lb. Insistent was he that it would produce sugar rates lower than those in the House bill. The top rate in the Smoot scale would be $3 per 100 lb., the bottom $1. Cuban imports...
...complaint there was at the committee hearing on Senator Smoot's plan. Beet sugar growers did not think it would give them adequate protection. Farm representatives called it a "risky experiment." Senator Smoot's co-author of the Tariff Bill, Congressman Willis Chatman Hawley of Oregon, complained the plan should not "be even considered." Mississippi's Democratic Senator Pat Harrison commented sarcastically on the "fretful condition of this newborn sugar baby." "Certainly," said he, "the sleepless nights Senator Smoot must have spent with this crying curiosity . . . entitle him to a rest...
...fractious a subject was sugar that the Committee agreed to give additional public hearings on the Smoot plan for a sliding tariff scale on this commodity (TIME, July 15). Said the Senator: "What the American sugar producers want is the House rate [3¢ per lb.] but I am putting forward the sliding scale so that if there should be a runaway in the sugar market, it cannot be laid to the tariff." Farm Lobbyist Chester H. Gray called the Smoot plan a "risky experiment," protested its use on agricultural products, advised it be first "tried out on some profitable industrial...