Word: tariff
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President Hoover was said to be displeased with this compromise, which decreased his tariff authority. In his Boston campaign speech, as a presidential nominee, he had said: "The American people will never consent to delegating authority over the tariff to any commission...
Eliminated from the bill was the House's plan to have the Tariff Commission weigh complex and intangible differences in "competitive conditions" instead of production costs...
Whirlwinds of condemnation of the whole Hawley-Smoot Tariff Bill continued to blow through the public press. President Hoover was implored to use his veto power. Potent businessmen were quoted at length on the economic evils that would follow in the law's wake. Editorial writers blazed away at it in long double-leaded leaders. The basic economic argument was as follows...
Press leaders against the tariff were the Scripps-Howard chain (25 papers) and the Hearst chain (24 papers). By word and picture they flayed "the billion-dollar Grundy Bill." The Scripps-Howard newspapers interviewed Henry Ford, quoted him as saying the bill would "stultify business and industry and increase unemploy-ment." Scripps-Howard statisticians in Washington broadcast to all papers in the chain doleful stories of what would happen if H. R. 2667 became law. An example : "The Grundy Tariff Bill will dog Americans' footsteps from the cradle to the grave?and after. The tomb will be no sanctuary from...
Opposed to Secretary Davis was Senator Grundy, high tariff advocate, seeking to retain the seat to which Governor Fisher had appointed him after the Vare rejection. Gifford Pinchot, onetime (1923-27) Governor, crusading Dry, ran as a rural independent against Mr. Brown for the gubernatorial nomination. The Mellon faction in Pittsburgh supported Messrs. Brown and Grundy. An informal Pinchot-Grundy alliance existed to combat the Vare ticket...