Word: tariff
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...regulatory code in the copper business will have to allow for: 1) a wide range of production costs between U. S. refineries; 2) new sources of cheap foreign copper, against which the Administration may not want to erect a higher tariff wall...
...fiscal big guns: sleek Governor George Leslie Harrison of New York's Federal Reserve Bank, owlish U. S. Treasury Adviser Dr. Oliver Mitchell Wentworth Sprague (recently Adviser to the Bank of England) and a brisk young Manhattan banker, James Paul Warburg. Letting Secretary Hull stew in his low tariff juice, these U. S. fiscal experts made swift contact with their peers at the British Treasury and in the Bank of England, started conversations to determine at what relative point pound, dollar and franc can and should be stabilized...
...character and purpose. Bumbling old Stanley Baldwin, nominal Party Leader, has almost ceased to count. Since the Conservatives have an overwhelming majority in the House of Commons it is no secret that Scot MacDonald remains Prime Minister by Prime Mover Chamberlain's leave. An arch-deflationist and high-tariff man, the Chancellor of the Exchequer finds it convenient to get the Cabinet's work done beneath the camouflage of a "National Laborite" Prime Minister, popular, warmhearted, lovable. By the attitudes of Neville Chamberlain & friends, not by the speeches of Scot MacDonald, must Great Britain's true policy...
...applause from Moscow. Not one peep came from M. Litvinov last week. Observers believed he would work hard and say little for many days to come. Theoretically a world economic conference should mean nothing to a Communist, bound to the principle of economic nationalism more firmly than any high tariff Tory. But until the aims of Russia's Five-Year Plan become realities Russia must trade with the outside world. The Anglo-Russian embargoes, results of the British engineers' propaganda trial two months ago, have been a serious blow to the Soviet. It is a safe bet that...
...Raising the discount rale in August 1929, and the Hatry crisis in London, precipitated the debacle which was spurred on in 1930 when the Hawley-Smoot tariff threw a monkey wrench into world commerce, in 1931 by the failure of the Creditanstalt in Austria, the German moratorium and England's abandoning gold. The Glass-Steagall bill produced improvement last summer which was promptly undone by President Hoover's Des Moines speech ("could not hold to gold . . . but two weeks longer"), controversy over War Debts and publication of R. F. C. loans which caused runs on banks...