Word: tariffers
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...Moreau. Wall Street bankers immediately realized that the Wiggin Committee had set their names to an Albert Henry Wiggin report. "Al" Wiggin, head of the world's biggest bank, has said before that Reparations and Allied Debts must be reduced before prosperity can return. He has said that tariffs, and the U. S. tariff in particular, are too high (TIME, Jan. 19 et seq.). Here were delegates from ten countries saying the same thing again under his chairmanship. The mystery was how Al Wiggin persuaded France's delegate, hollow-eyed, white-haired Emile Moreau, to sign the report...
...Industrial Farmer Campbell's program the two important points were: 1) tax foreign hedgers 21 ?(one-half the tariff rate) on every bushel of wheat they sell short in the Chicago market, on the ground that such sales depress prices as much as if the wheat were actually brought into the U. S.; 2) cut in half the tariff rebate (now 40^) on every bushel of Canadian wheat brought into the U. S. under bond for milling and export, thereby giving U. S. wheat a 22(- advantage for this trade...
...wheat farmers; 6) let the Farm Board pledge no more wheat sales. Declared Mr. Campbell hopefully: "By use of the present laws and my suggestions the price of wheat on the farm can easily be doubled by Jan. 1." For cotton he would, if he were President, increase the Tariff on jute, thereby diverting 1,000,000 bales of low-grade cotton into the production of bale bagging. He opposed plowing under one-third of the crop (see col. 1) as "not good economics...
...Cancellation or reduction of the interallied debts has been increasingly discussed throughout the world. ... I am firmly convinced it would be good business to initiate a reduction of these debts at this time." The attack on the tariff did Mr. Wiggin no good with the Hoover Administration. Since his remarks on the War debts, France has viewed him with suspicion as a probable believer in revision of the Treaty of Versailles...
...usual at such conferences, the Y. M. C. A. concerned itself chiefly with international problems on which it hopes that its busy world-wide membership may have some influence. Delegates from 50 countries last week passed resolutions calling for revision of the Versailles Treaty, abolition of tariff barriers, abolition of national armaments. The German delegation held separate meetings to draw up a resolution absolving Germany of sole War guilt, later endorsed by the other delegates. The general resolutions committee took up the problem of unemployment, voted that the Y. M. C. A. should further socially ad- ministered insurance against invalidism...