Word: tariff
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...Arthur Neville Chamberlain to first political rank in Great Britain and marked him as Prime Minister James Ramsay MacDonald's probable successor. Last week tall, husky-voiced, smoldering-eyed Chancellor Chamberlain of Britain's Exchequer read to a hushed House of Commons the Empire's first sky-high-tariff budget. That speech was sufficiently historic. The obscure happening 22 months ago was Mr. Chamberlain's discreet success in getting himself appointed chairman of the Conservative Party by bumbling Party Leader Stanley Baldwin...
...Baldwin, commercially inept, has bumbled away his large inherited fortune until he is today a man of merely comfortable means. He was bumbling the Conservative Party down the same hill 22 months ago, his most spectacular mistakes being to have no tariff policy, either for or against, and to have bitterly antagonized Britain's two potent press lords, Baron Beaverbrook and Viscount Rothermere, men of fierce patriotism but as easily enraged as small, spoiled boys. What the Conservative Party needed and what it has had increasingly in recent months has been the cold, hard, managing head of a CHAMBERLAIN?that...
...have had the authority to bring those bad boys, the Press Peers, to their basically Conservative senses. Finally, without his family's name and prestigeous relations with Birmingham Mr. Chamberlain could not have applied the pressure necessary to make Mother Free Trade Britain change her middle name to High Tariff...
Speaking as usual without effort or gestures, Mr. Chamberlain took his time, began with a tribute to his famed predecessor Viscount Snowden of Ickornshaw, a choleric Free Trader who attacks the present Chancellor's tariff policies on any & every occasion. With the Olympian condescension of a Chamberlain, the new Chancellor declared last week: "Lord Snowden's last budget is a model example of secure but sound and sane finance. We are now £9,000,000 better off than Lord Snowden anticipated...
...tariff side Chancellor Chamberlain of course reduced by not one inch or penny Great Britain's brand new tariff wall. The Chancellor announced a new duty on "foreign tea" of fourpence a pound, on "Empire tea," of twopence a pound. But tea-loving and beer-loving Englishmen had also expected Mr. Chamberlain to cut the beer...