Word: tariff
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...whole solemn rigmarole of tariff-making was started over again, as if action by the House had never been taken. Witnesses began marching forward to repeat to the Senators the identical arguments for special favors they had made last winter before the House Ways & Means Com- mittee. The same disputed items-cattle, meat, hides, flaxseed, fresh vegetables, dairy products, sugar, shoes, cement, shingles-were the items for discussion...
...situation confronted the Republican committee members who, general revisionists all, were spoiling to get their hands on the bill, to tear apart the House's handiwork, to frame a measure all their own. Farm-state Senators, Republicans and Democrats, had formed a Borah Bloc on the tariff, were definitely on the offensive and plotting trouble...
...husbandman's complaint, expressed through his representatives to the Senate committee, was specific: By raising tariff rates on manufacturers and raw materials as well as on agricultural products, the House bill had failed to diminish the gap of economic inequality between Industry and Husbandry. Louis John Taber, Master of the National Grange, stated it thus: Industry enjoys a 40% tariff protection; the House bill raised Husbandry's protection to 31%, another 9% must be forthcoming from the Senate...
...bloc constituted a powerful combination of votes virtually the same as had for so long tormented President Hoover with the Export Debenture Plan in the Farm Bill. It took its name from the support it gave last week to a Borah resolution to instruct the Finance Committee to confine tariff revision to the farm schedule. Last week it held informal meetings, laid plans, apportioned among its membership the special study of different schedules for technical contests on the Senate bloc, prepared to scatter through the land to stump against the general revisionists of the Finance Committee...
...limited tariff coalition might well have had the support of President Hoover were it not for two miscellaneous items added to their tariff baggage. One was the Debenture Plan which, forced out of the Farm Bill, Senator Norris and his followers were now determined to tack on the Tariff Bill. The other was the proposal of Virginia's Senator Glass to impose a $5 tax on every $100 share of stock purchased for speculation. The test for "speculation" was to be whether the stock was held for less than two months...