Word: tariffers
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Cool Reason. When agitation against Soviet trade reached its peak, a breath of cool reason from the White House blew on the hotheads. President Hoover declared that the U. S. would not discriminate against Russia in enforcing the tariff law. Politics and economics were to be kept separate. Said a Voice that sounded like the President...
Embargo On. Fortnight ago Assistant Secretary of the Treasury Seymour Lowman, once in charge of Prohibition enforcement, now of Customs, precipitately slapped a tariff embargo on Russian pulpwood, imported chiefly by International Paper Co. through Amtorg Trading Corp. from Archangel (TIME, August 4). His authority: Section 307 of the Tariff Act of 1930 which prohibits importation of "all goods, wares, articles and merchandise mined, produced or manufactured wholly or in part in any foreign country by convict labor." His reason: secret evidence that Soviet political prisoners were logging the forests of North Russia. Pressed for details, he would only...
Prejudice? The suspicion that Mr. Lowman's personal prejudice against Communism was involved with his enforcement of the tariff law grew when he gave the New York Herald Tribune an inflammatory interview against the Soviet program. Excerpts...
Wheat Problem. Johnny Inkslinger's solution of the onion problem could not serve Chairman Legge as a model for the wheat problem. Italy has a tall new tariff to keep out wheat. Likewise France, where wheat last week was selling at $1.71 per bu. Advanced by idealists has been the idea that the farm board donate its heavy wheat holdings to famine-stricken China, but practical-minded...
...Claus. His gift: revision of a treaty into which Sultan Seyed Syeed Bey was inveigled by shrewd Yankee traders 97 years ago. which provided that U. S. citizens should always be welcomed to Oman's ports, be free to sell or barter their wares without being charged a tariff duty of more than 5%. Also included was a clause providing hospitality to U. S. mariners shipwrecked on Oman's shores...