Word: tariff
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Press of business has kept President Roosevelt, a year in office, from acting on what has for decades been a prime tenet of his party-revision of Republican tariffs. Last week he finally got down to the problem of devising a tariff and foreign trade program for his Administration. To his office he called George N. Peek, once head of the Agricultural Adjustment Administration, Secretaries Hull, Wallace and Roper; Robert Lincoln O'Brien, chairman of U. S. Tariff Commission, Assistant Secretary of Agriculture Tugwell, Assistant Secretary of Commerce Dickinson, Assistant Secretary of State Sayre, Harry F. Payer, foreign trade...
...more Government banks to finance foreign trade, like the Export-Import Bank formed last month to facilitate trade with Russia. Mr. Peek -who had brought to the meeting a man-sized plan for the creation of a Foreign Trade Administration-accepted the presidency of the three banks. 2) A tariff message from the President is expected to be sent to Congress this week...
...free market a cause of the present economic instability. Some economists believe that the solution lies in the restoration of the free market, while others wish to install a new economic order. Considering the beliefs of the first group, the Harvard economist stated that the reduction of the tariff might restore free trade, and a modification of the anti-trust laws might do much to eliminate monopolies. Furthermore, most economists agree that the control of the expansion of credit would aid in effecting economic recovery. However, Dr. Mason felt that not nearly enough could be accomplished...
...year ago Congress overrode President Hoover's veto and passed a bill granting independence to the Philippines. This bill was valid pending ratification by the Philippine legislature, and they turned it down because of certain conditions attached to their autonomy. The chief premise of their refusal was the sugar tariffs which would naturally be set up against the Philippines as a foreign nation. This economic possibility had won the votes of the American sugar interests, both the Louisiana cane bloc and the Western beet growers headed by Smoot. They had already established a low quota and a high tariff against...
President Roosevelt recognized this situation when he brought before Congress a lowered tariff and an increased quota for Cuba, and at the same time attempted to decrease the sugar beet production. But the howls of the Smoot coalition were not needed to remind him that the Philippine competition was the nigger in his economic woodpile...