Word: tariff
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Last week the President's 90 days expired. He had not got his tariff lesson very well. He had been able to find and appoint only five of his six tariff commissioners. They were: Republicans Henry Prather Fletcher (chairman), Edgar Bernard Brossard, John Lee Coulter; Democrats Thomas Walker Page and Alfred Pearce Dennis. Chairman Fletcher was a longtime diplomat with no special tariff training. Commissioner Brossard, a carry-over from the old Commission, was accused of being Senator Reed Smoot's "beet sugar" representative in tariff matters...
Commissioner Coulter was chief economic adviser to the old Commission. Commissioners Page and Dennis had both served on earlier tariff boards. The question of why the President did not appoint bigger and better men to elevate the new Commission above the old, as he had promised, was answered by the fact that a score of distinguished economists and business experts had declined appointment for fear of personal abuse during confirmation by the Senate. Unappointed was the third Democratic commissioner. Democrats immediately charged President Hoover with "rank and inexcusable partisanship" in holding up this last appointment while a high-tariff Republican...
...Commission went immediately to work on 83 tariff items which Congress had ordered it to investigate. The most sanguine commissioner said a few recommendations might be ready for Presidential consideration by the end of the year...
...Britain is the most overindustrialized country in the world. Only 7% of our people are on the soil! At present the industries of the country are a leaning tower. Statesmanship must give them a broader base upon the soil!" Winding up his speech with a twit at the higher tariff schemes with which so many British statesmen are now toying, both in England and overseas (see Canada), stanch free-trader Lloyd George concluded wittily: "A drowning man should not clutch at straws-or at sharks! No doubt many capitalists would make larger profits out of the new system of tariffs...
Rich, pious and a man of his solemn word is the Rt. Hon. Richard Bedford Bennett. Last July he said unto Canadians that if they would return his Conservative Party victorious to Parliament then verily, verily he would build a great tariff wall around the Dominion and behind it there would be plenty of new jobs for Canada's 117,000 unemployed. As everyone knows, it came to pass that Mr. Bennett is now Prime Minister with a clear majority over the Liberal opposition. One day last week he built his Great Wall. In British nations (each Dominion...