Word: tariff
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Heading the committee is inquisitive Senator Reed, Democrat from Missouri; the other Democrat on the committee is Senator King of Utah, one of the least silent men in the upper house. Young Senator LaFollette, Progressive Republican from Wisconsin, not inclined to be forward, has yet shown in the Tariff Commission investigation that he is not the type to sit back dumbly during cross-examining. The Republican side of the committee has Senator Goff of West Virginia, a so-called hard-boiled Republican of the genus bred in West Virgina, and Senator McNary of Oregon, known in the Senate...
...that Wall Street defeated the Haugen farm relief bill, saying that Wall Street put over the Esch-Cummins railway bill and the farmers are paying (through freight rates) the dividends on watered stock, saying that the farmers are enriching Wall Street because they have to buy under the protective tariff, saying Wall Street and the Administration are hand in glove, and mentioning incidentally that he voted against World Court adherence...
...suspicion. None will deny the benefit of removing prejudices, broadcasting new inventions, communicating the latest efficiency measures; but there are a host who will struggle to keep industrial cooperation from progressing further. When investigation passes beyond the realm of ideas, subjects to the real barriers to scrutiny, and suggests tariff revision; then the opposition will normally arise...
...beyond the power of individual nations to adjust tariffs equitably. The balance of theoretical arguments for and against protection is lost from sight in the political necessity of satisfying applicants for protection. And revision upward is often as difficult as downward revision, because of its effect on private parties to the industrial community. If nations are still unable to levy theoretical tariffs within their borders, it is folly to expect a powerless international commission to recommend tariff revisions at all acceptable...
...struggling to imitate her sister imperialists, the cry for a reincarnated Roman state followed each slight success. It followed the slow conquest of Tripoli, won after defeats at the hands of native troops, such as Caucasians have seldom undergone. It fed itself on the spirit of nationalism and a tariff to create industry. But up to the war, poverty remained the characteristic feature of the Italian state...