Word: tariff
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Next morning President Hoover summoned Indiana's Senator Watson, Senate Majority Leader, to breakfast. They talked tariff, puzzled out vain stratagems to speed up the Senate's action. Back at the Capitol Senator Watson spoke: "The President thinks that this [tariff] legislation should be disposed of quickly in the interest of the business of the country and in order that other matters may be brought before this body for solution." Up rose Mississippi's Democratic Harrison to inquire sarcastically of Senator Watson just which rates the President favored?the high rates of the Old Guard, the medium rates...
Agile Old Guardsmen quickly spread the impression that President Hoover held the Coalition responsible for the tariff delay. The White House cautiously bolstered up this belief by hints that the recovery of Business and Industry after the stockmarket crash was being retarded by the tariff. Every partisan effort was made to discredit the Coalition's management of the tariff bill. The Coalition's defense: The House without adequate debate had passed a tariff bill with exorbitantly high rates; the Senate had to revise the whole measure; revision with fair debate took time. Declared Senator Borah: "Time is not nearly...
...straight forward constructive policy as a remedy for our unemployment and poor trade." In point of fact the Beavermere scheme for "Empire Free Trade" is the exact reverse of '"straight-forward." Trade is to be free within the Empire, but around the Empire is to rise a tariff wall. Deliberately contradictory, this '"straight-for ward" scheme has been denounced in Parliament by all three parties (TIME, Feb. 10), a fact of which the manifesto proceeded to take scathing note: "Snowden has poured out his scorn: Lloyd George has been moved to put on his full warpaint...
Relentlessly the final hour struck at midnight. Into effect went the new Egyptian tariff law, carrying a broad schedule of increased duties. Winners were those merchants who had received the biggest stocks of goods under the old and lower tariff. So great was the rush, so swift the race that customs receipts at Alexandria for the 30 days just passed amounted to $1,000,000, whereas last year during the same period they were only...
...eggs have been used to some extent by manufacturers of macaroni, mayonnaise, ice cream and candy, who previously used only dried eggs imported exclusively from China. China, the only competitor of U. S. egg farmers, supplied about 40% of U. S. consumption of frozen and dried eggs despite the tariff which was raised last year from 6 to 7? per pound. Imports of shell eggs are about one-tenth of 1% and consist mostly of preserved duck eggs for Chinamen...