Word: tariffers
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Next morning the President tarried at Gloucester to have some fun. Aboard the Amberjack II he received Captain Ben Pine of the racing fisherman Gertrude L. Thebaud. Their last meeting was in Washington whither "Cap'n" Pine had sailed the Thebaud to ask for a higher tariff on fish (TIME, May I). The President was given an oil painting of the Thebaud which moved him to exclaim: "I think the painting is particularly lovely and I'll hang it in my study in the White House. (Gesturing toward the Thebaud) Isn't she a grand vessel! Look...
...fashion with Snubber Stimson's successor, Secretary of State Cordell Hull. In the lobbying skirmish fortnight ago to get Vice Chief U. S. Delegate Cox elected Chairman of the Conference Monetary Committee (TIME, June 26), Comrade Litvinov battled from the first for Mr. Cox, battled again for the tariff proposal made last week by Mr. Hull (see p. 17). Even the British Government, Tory-dominated and leery of Moscow, began to court Comrade Litvinov. Expelled from Britain in 1918 as a "dangerous revolutionist," the roly-poly Russian lunched last week at No. 10 Downing Street, mingled his thick Semitic...
...Quickly As Possible." With the Conference squabble over monetary stabilization thus shelved, Secretary Hull filed the U. S. Delegation's first official tariff proposals. Since a previous U. S. proposal to cut all the World's tariffs 10% had been disavowed, correspondents and the Conference were wary. To convince doubters, Mr. Hull labeled his proposal "Introduced by the Secretary of State by the authority of the American Delegation and in accordance with instructions of the United States Government...
Piqued, the Conference Secretariat produced a letter signed by Chief U. S. Delegate Cordell Hull apparently authorizing the 10% tariff slash proposal. Faced with this, Senator Pittman insisted that it was "unofficial." To a Dutchman a signature is final. Chairman Colijn told the Economic Committee that the U. S. proposal had been made, left the entire Conference up in the air as to what Washington's tariff policy might...
Battling desperately to sell Indians cotton cloth, Japanese and Britons gash each other with the sharp trade swords of a steadily falling Japanese yen, a steadily rising Empire tariff. Last week Japan's yen had slumped 50% below par, but Britons had more than retaliated by raising the duty on Japanese and other non-British cotton cloth entering India six times since 1930, the last time by an added...