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Discrepancies might have been accepted without loud complaint had the House tariff-makers ceased their activities with Schedule VII (Agricultural Products). But tariff-making is the oldest U. S. political game next to taxation. Every U. S. producer claims special consideration, paints a terrifying picture of his ruin by cheap foreign competition. Under insist ent pressure, the Ways & Means Com mittee as usual broke, gave ground, widened tariff revision to include many a nonagricultural product. It was these other increases which chiefly distressed the farmer...

Author: /time Magazine | Title: THE TARIFF: Bill Out | 5/20/1929 | See Source »

Building Materials. On farms are houses, barns, outbuildings, for which a husbandman must buy bricks, cement, lumber, glass, shingles. By its committee the House was asked to increase tariff rates on these building materials. From the free list brick was made dutiable at $1.25 per 1,000. A tax of 8¢ per 100 Ib. was laid on cement. While fir, pine, spruce and hemlock were retained on the free list, other kinds of lumber were put under the tariff, with cedar shingles paying 25% ad valorem. The Oregon shingle industry asked for protection against Canadian imports. Chairman Hawley...

Author: /time Magazine | Title: THE TARIFF: Bill Out | 5/20/1929 | See Source »

Sugar. Around sugar revolved a bitter controversy. Western beet sugar producers, representing themselves as infant-industrialists, had demanded higher tariff rates aimed at Cuban cane, and a limitation on the free importation of Philippine sugar. The House bill raised the world raw sugar duty from $2.20 to $3 per 100 Ib. which would make Cuba, which already enjoys a 20% differential, pay a tariff of $2.40 per 100 Ib. instead of the present $1.76. Swayed by the protest of Secretary of State Stimson as a onetime Governor-General of the Philippines, the House committee placed no limitation on free sugar...

Author: /time Magazine | Title: THE TARIFF: Bill Out | 5/20/1929 | See Source »

...England representatives, fondly eyeing their huge candy industry, cried out in protest against the higher sugar duties. It was recalled that in 1924 the U. S. Tariff Commission advised President Coolidge to reduce the sugar duty to $1.23 as ample protection for domestic producers. With an election approaching, the President refused to act. Cane-growers in Cuba (75% of whom operate on U. S. capital) foresaw disaster for themselves, predicted a 2¢ rise in retail sugar prices, urged a "battle of the American sugar bowl." The House was told by Chairman Hawley of the Ways & Means Committee that...

Author: /time Magazine | Title: THE TARIFF: Bill Out | 5/20/1929 | See Source »

...alcohol manufacturers say they have no intention, if raw molasses becomes more costly, of making more alcohol from corn than they now make. Blackstrap is far cheaper than corn. Manufacturers predict they will continue the use of blackstrap, meeting the tariff boost by adding about 5¢ per gallon to the cost of their product. The farmers will pay these additional pennies (which they forced upon themselves) when they paint their barns, buy medicine, put anti-freeze in their cars...

Author: /time Magazine | Title: THE TARIFF: Bill Out | 5/20/1929 | See Source »

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