Word: tariff
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...Michigan has been a faith fully Republican district since 1898 when Joseph Warren ("Old Joe") Fordney, co author of the 1922 Tariff Act, took it away from Ferdinand Brucker, Demo cratic father of Michigan's present Repub lican Governor. Year ago the late Bird J. Vincent, thin, greyish Republican Representative, defeated a big, blond, slow-moving Democrat named Michael J. ("Mike") Hart by 20,000 votes. This year Mr. Hart, a bean jobber of Saginaw who runs an 800-acre farm, was again nominated, this time against Republican Foss O. Eldred of Ionia. Nominee Hart declared Wet, had the support...
...General Election . . . my ministers received a clear and emphatic mandate ... to pursue a policy designed to re-establish . . . confidence in our financial stability and to frame plans for ensuring a favorable balance of trade." Carefully the speech avoided saying that these "plans" would include tariff. His Majesty also announced that last year's abortive economic conference of all British Dominion delegates at London will be resumed next year at Ottawa, added a pious allusion to the deadlocked Indian Round Table Conference: "It is my earnest prayer that the deliberations . . . may be crowned with success...
...Tariffs & Stickling. Neville Chamberlain, with his dark and feverish eyes, his husky voice and his cold, consuming passion for Empire, loomed last week as a Chancellor of the Exchequer not much less striking than crippled Philip Snowden, who as Lord Privy Seal now holds a mere sincere. Mr. Chamberlain affects neither the icy monocle of his Peace-Prizing halfbrother, Sir Austen, nor the blatant orchid boutonniere of their late, great father "Old Joe." Neville used to be Lord Mayor of Birmingham, the Chamberlain family bailiwick. Once before he was Chancellor of the Exchequer but so briefly that he never brought...
Some day some student of economics will surround himself with charts, books and newspaper files and bravely undertake to write a complete account of what will then be remembered as The Depression of the Thirties. Some of his chapter headings may be guessed now: "The 1929 Market Decline," "Tariff Walls," "The Soviet Government as a Factor in World Trade." "Germany's Breakdown," "France's Smart Jockeying," "England to the Wall" and "Artificial Relief Measures Attempted in the U. S." An important subsection will be on U. S. railroads. Whether or not it will be headed "The Collapse of the Railroads...
...price of May wheat was 48¾? a bushel. Last week it rose to 61¾?. Bullish factors were: a reported 16% decrease in winter wheat acreage; the return of several bull operators to the Pit after a long absence; heavy buying from England in anticipation of a tariff; covering of short positions and long-buying from foreign interests who were heavily short around the lows. Cotton advanced slowly, steadily. Factors were a September rate of consumption better than that of last year, reopening of many Lancashire mills after the pound's fall, also British buying against a possible...