Word: tariff
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...President Hoover last week appointed Robert Lincoln O'Brien of Dedham, Mass, to be chairman of the Tariff Commission, vice Henry Prather Fletcher, resigned. New England's insistent demand for commission representation by a thoroughgoing protectionist brought about the appointment. A Republican now, Mr. O'Brien began life as a low-tariff Democrat. Grover Cleveland plucked him from the Boston Transcript office for a private secretary upon his second presidential nomination in 1892, kept him on at the White House until 1895. The Bryan nomination of 1896 turned Mr. O'Brien Republican. A journalist...
Liberal Runciman's amazing about-face resulted from the fact that Free Trader James Ramsay MacDonald now heads a National Government supported by the largest Tory majority in British history (TIME, Nov. 9). Since the War tariffs have again become a leading Tory policy. Against his will, Mr. MacDonald was forced to appoint as Chancellor of the Exchequer famed Tariff Champion Neville Chamberlain. Next April or sooner, Chancellor Chamberlain will bring in an ironclad British Tariff Act, sure to pass. But emergency tariff measures are in the hands of Britain's obscurest cabinet ministry, the Board of Trade...
These orders, effective Wednesday, Nov. 25, upped the tariff on several hundred articles (all of interest to U. S. exporters have been enumerated) not by 100% as the Board of Trade was entitled to do, but by 50%. In Washington the sky-high altitude of the present U. S. tariff, with ad valorem duties running up to 80% and exceeding 50% in most cases, was admitted last week to be so great that further upping in ''retaliation'' against Britain would be impracticable. What many a Runciman in the Empire hopes is that temporary British tariffs will...
...Berlin arrived a Soviet trade mission last week and went to work with German Minister of Economics Hermann Warm-bold. The Russians were reported offering $23,000,000 of new orders, but contingent upon either: 1) further German credit extension; or 2) some lowering of German tariff barriers to permit an increase of Russian sales to Germany, thus bringing the unfavorable Red trade balance back under control...
...match business is Ivar Kreuger, match tycoon of the world. Vulcan Match Co. (subsidiary of International Match Corp. which in turn is controlled by Swedish Match Co., Kreuger & Toll unit) has long sold imported Swedish matches in the U. S., made none of its own. The recent tariff on matches has made this business less profitable, has made it seem likely that Herr Kreuger would acquire a U. S. factory. Once it was widely thought that he had bought a big interest in Diamond Match Co., biggest in the U. S., but this rumor was groundless. Last week, however, Herr...