Word: tariff
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...House had brought forth its tariff bill and to the Hoover eye it did not resemble the article he had hoped for (see p. 10). To find out what was wrong with it, to gauge its potential effect upon Business and the Cost of Living, the President set expert analysts to work. His own first impression of the duties on shingles, lumber, cement and sugar was not favorable but he withheld formal opinion until he was better fortified with facts. Trouble aplenty was in the Senate where the Republicans were quarreling among themselves, to the jeopardy of the Administration...
...tension in the Senate last week as that body approached a vote on the export debenture feature of its farm relief bill. Informal polls showed an almost even balance of sentiment for and against the proposal to allow, to farm surplus exporters, bounties equal to one-half the tariff rates on their commodities. There were 47 Senators opposed to debentures, 46 Senators in favor, one Senator undecided, one Senator sick and not yet sworn in. With the outcome so uncertain, Vice President Charles Curtis braced him self for the emergency of having to vote to break a tie. How would...
Democratic policy is now left to the Democratic Senators who are expected to perform a political miracle equal to Mr. Raskob's financial one by developing harmonious issues as they debate their way through the questions before the Congress. At present, intraparty schisms on prohibition, power, taxation, tariff, farm relief, are nowhere more deep and durable than on the left-hand side of the U. S. Senate chamber...
Candidate Hoover discussed husbandry and its problems in his closing campaign speech, at St. Louis. President Hoover recommended to Congress a farm relief plan, consisting of tariff revisions and the creation of a Federal Farm Board with "adequate working capital" to reorganize marketing, to assist co-operatives handle surplus crops. Later, he opposed the export debenture plan produced by the Senate, whereby exporters of farm produce would receive a bounty equal to one-half the tariff rate on the same commodity (TIME, April...
Tactics. Despite Senator Brookhart and friends, however, President Hoover's opposition to the Senate bill began to show results. Support of the debenture plan began to crumble. Informal Senate polls predicted its probable defeat. Its advocates schemed how they could transfer it from the farm bill to the tariff bill, explaining that its location there would be more logical. In the tariff bill they thought it would muster more House support, would be harder for the President to veto. Nebraska's Norris drafted an amendment to reduce the bounty on crops over-produced...