Word: tariff
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Confused at this adverse tariff turn, Senator Reed Smoot, in charge of the bill, marched back to conference, where was patched up a second compromise under which only the President would have power to flex rates on specifications (limited to 50% up or down on the substantive law) supplied by the Tariff Commission...
Last week the House and Senate conferees' compromise on tariff flexibility (TIME, June 2) went for naught when in the Senate Vice President Curtis ruled it out of order. Grounds: the conferees had exceeded their parliamentary authority. Their plan, whereby the Tariff Commission might promulgate rate changes in cases where the President did not act upon their specific recommendations, was found to be new legislative matter which, in their original bills, neither the House nor the Senate had sanctioned...
...Congressman Lester Jesse Dickinson and Governor John Hammill rounded out their primary campaign for the Republican senatorial nomination with all the customary political gusto of the Midwest. Congressman Dickinson ''stood on his record," proclaimed this week's vote "a referendum on President Hoover," extolled the pending tariff bill. Governor Hammill also "stood on his record," insisted President Hoover was no issue in Iowa, denounced the tariff bill...
...Cabinet's friends, partly because Minister-in-Charge-of-Unemployment James Henry Thomas is "up against it" (as he himself said last week), but chiefly because recent by-elections have suggested that the country may be veering toward the Conservative Party's scheme to try out tariffs as an unemployment cure. Arguing ingeniously last week in the House of Commons, Conservative Leader Stanley Baldwin said: "I agree that high tariffs are a bar to world business, but you cannot get those tariffs reduced so long as you leave our own market a world dumping ground. I want disarmament...
Defeated in both houses of the Riksdag on its proposal to boost the tariff on imported wheat, Sweden's cabinet, headed by conservative Admiral Arvid Lindman, sent in its resignations last week...